Search found 4131 matches

by kaneohe
Tue Jun 27, 2017 8:27 am
Forum: Investing - Help with Personal Investments
Topic: Muni Bond vs. Taxable vs. CD
Replies: 5
Views: 447

Re: Muni Bond vs. Taxable vs. CD

and you only get to keep 75% of that after taxes.
by kaneohe
Mon Jun 26, 2017 2:41 pm
Forum: Investing - Help with Personal Investments
Topic: Can an incorrectly checked "Retirement plan" box mess me up?
Replies: 3
Views: 371

Re: Can an incorrectly checked "Retirement plan" box mess me up?

.............................. If they burned me on this, so to speak, I'd end up with a nondeductible IRA contribution, and that would be the worst option of all. ............................................ You could recharacterize your contribution to Roth so you don't get stuck w/ nondeductible...
by kaneohe
Sun Jun 25, 2017 10:47 pm
Forum: Personal Finance (Not Investing)
Topic: Online Savings vs No Penalty CD
Replies: 22
Views: 2266

Re: Online Savings vs No Penalty CD

I have the impression that interest on the 11 mo. is credited at maturity by default unless you change that option. Do you know if
you can change that to year end in mid December if you determine then that your other income is not going to put you over some
threshold w/ negative consequences.
by kaneohe
Sun Jun 25, 2017 3:12 pm
Forum: Personal Finance (Not Investing)
Topic: Ally no penalty 11 month CD rate increased to 1.50% this morning
Replies: 68
Views: 7616

Re: Ally no penalty 11 month CD rate increased to 1.50% this morning

Kevin...........sounds like you have the interest thing nailed down to the penny so I'll ask you this..........I funded 2 of these CDs from savings. I got a confirming statement in mail giving CD # and amount. However in both cases, the date on the confirmation was 1 day later than the date the fun...
by kaneohe
Sun Jun 25, 2017 2:55 pm
Forum: Personal Finance (Not Investing)
Topic: Online Savings vs No Penalty CD
Replies: 22
Views: 2266

Re: Online Savings vs No Penalty CD

There is inconsistent language in the Ally deposit agreement. In B.2.f we see: . Except for the Ally No Penalty CD, a withdrawal of the entire principal before maturity will be permitted only with Ally’s consent and an interest penalty that is described in More About Certificates of Deposit and IRA...
by kaneohe
Sun Jun 25, 2017 12:45 pm
Forum: Personal Finance (Not Investing)
Topic: Ally no penalty 11 month CD rate increased to 1.50% this morning
Replies: 68
Views: 7616

Re: Ally no penalty 11 month CD rate increased to 1.50% this morning

What are the maturity dates? For example, a maturity date of 5/15/2018 means that the official funding date was 6/15/2017. IOW, on 6/15, you should have a debit of say $25k from your savings account and a credit of $25k into your CD. Good question........will have to wait for statement to find out....
by kaneohe
Sun Jun 25, 2017 11:08 am
Forum: Personal Finance (Not Investing)
Topic: Ally no penalty 11 month CD rate increased to 1.50% this morning
Replies: 68
Views: 7616

Re: Ally no penalty 11 month CD rate increased to 1.50% this morning

⋅ Opened a no-pentalty CD @1.35% on 6/15. <snip> ⋅ Checked on 6/25 and CD rate has been upgraded. Same here. And I verified that the accrued interest reflects the higher rate: 25000 * ((1 + 0.0149/365)^10 - 1 ) = 10.21 Ally shows $10.20, so close enough. Note that this is 10 day...
by kaneohe
Sun Jun 25, 2017 11:02 am
Forum: Personal Consumer Issues
Topic: December on Oahu - Northshore or Waikiki?
Replies: 6
Views: 504

Re: December on Oahu - Northshore or Waikiki?

One advantage of Waikiki is that you would avoid the crosstown traffic which can be miserable at times.
by kaneohe
Sat Jun 24, 2017 10:27 pm
Forum: Investing - Help with Personal Investments
Topic: Keeping track of a taxable account
Replies: 15
Views: 1208

Re: Keeping track of a taxable account

Seems much simpler to just have 2 separate accounts. Don't see how much less tax efficient this would be than
having just 1 account.........assuming there are no major penalties for being a small player initially.
by kaneohe
Sat Jun 24, 2017 10:22 pm
Forum: Personal Finance (Not Investing)
Topic: Two potential job offers and buying time - please help!
Replies: 13
Views: 1401

Re: Two potential job offers and buying time - please help!

............................. You can also ask Company 2 whether they can move the interview up because you've received (or are expecting) an offer with another company. ............................................................. This seems to have a few advantages if you can pull it off. It avoi...
by kaneohe
Sat Jun 24, 2017 5:59 pm
Forum: Personal Finance (Not Investing)
Topic: Online Savings vs No Penalty CD
Replies: 22
Views: 2266

Re: Online Savings vs No Penalty CD

Yes. I've closed early Ally's no penalty CD's before. Doesn't that just mean that in that particular case, Ally basically waived their right to disallow early withdrawal. The question is if they have the right to veto early withdrawal ......the final say? There is no verbiage that I can see that ma...
by kaneohe
Sat Jun 24, 2017 5:25 pm
Forum: Personal Finance (Not Investing)
Topic: Online Savings vs No Penalty CD
Replies: 22
Views: 2266

Re: Online Savings vs No Penalty CD

There is no doubt you can get your money back from Ally even before 11 months have passed. The real difference with savings is that if you want your money back, you have to take all of it. from the deposit agreement: Early Withdrawals n. You may not make a partial withdrawal of principal from a CD ...
by kaneohe
Sat Jun 24, 2017 5:19 pm
Forum: Investing - Theory, News & General
Topic: Cost Basis Calculation
Replies: 8
Views: 374

Re: Cost Basis Calculation

............................. I figured i could calculate what the total cost basis should be by doing the following: cost basis = (total amount invested from checking account) + (dividends) - (management fees) - (harvested losses) ..................................................... could this be...
by kaneohe
Fri Jun 23, 2017 8:10 pm
Forum: Investing - Theory, News & General
Topic: 529 Non-Qualified Earning Distribution: Why Income Tax And Not Capital Gains Tax?
Replies: 5
Views: 315

Re: 529 Non-Qualified Earning Distribution: Why Income Tax And Not Capital Gains Tax?

How about for consistency............if you put after tax contribution in TIRA, Roth, or 529 and take distribution of earnings , those earnings, if they are taxed, are at ordinary rates , not LTCGs..
by kaneohe
Fri Jun 23, 2017 5:09 pm
Forum: Personal Finance (Not Investing)
Topic: Online Savings vs No Penalty CD
Replies: 22
Views: 2266

Re: Online Savings vs No Penalty CD

Online savings rate can go down at any time. Ally 11 month No Penalty CD rate is guaranteed for 11 months. I had an Ally 11 Month No Penatly CD at a 1.35% rate, a couple of days ago I cancelled it online & immediately open one for 1.5%. The 6 day waiting peiod I guess is just to wait for funds ...
by kaneohe
Fri Jun 23, 2017 4:55 pm
Forum: Investing - Help with Personal Investments
Topic: Should I rollover old employer 403b?
Replies: 14
Views: 445

Re: Should I rollover old employer 403b?

Just to be clear, if we do the rollover then we won't be doing backdoor roths for my spouse anymore. We'd probably contribute to traditional, but just leave it there......................................... Why would you contribute to non-deductible TIRA over taxable account? You don't get deductio...
by kaneohe
Fri Jun 23, 2017 2:41 pm
Forum: Investing - Help with Personal Investments
Topic: Long or short-term capital gains after merger?
Replies: 7
Views: 455

Re: Long or short-term capital gains after merger?

Sounds like the merger was tax free https://www.enbridge.com/investment-center/investor-faqs/enbridge-and-spectra-merger-faqs-updated so the holding period should include that for the original company as well as the new company so LTCG. The contrast with a taxable merger may be useful https://www.th...
by kaneohe
Fri Jun 23, 2017 9:54 am
Forum: Investing - Help with Personal Investments
Topic: Traditional IRA Conversion Question - 28yo
Replies: 11
Views: 533

Re: Traditional IRA Conversion Question - 28yo

njboater74 wrote:
joemama919 wrote:I..................................................
The numbers just worked out that way that you happened to pay 15% on your total income, but you are in the 25% bracket.

..........................................................


Is that taxable income?
by kaneohe
Fri Jun 23, 2017 8:27 am
Forum: Personal Consumer Issues
Topic: Please explain how Medicare Billing works?
Replies: 62
Views: 4009

Re: Please explain how Medicare Billing works?

.......................................... This has been quite an experience. With IRMAA premiums for Parts A & D, and Medigap F, I am paying about $500 a month. While employed, I paid $160 a month in premiums. Many questions on this board are about taking early retirement and living in another...
by kaneohe
Thu Jun 22, 2017 6:21 pm
Forum: Personal Consumer Issues
Topic: Please explain how Medicare Billing works?
Replies: 62
Views: 4009

Re: Please explain how Medicare Billing works?

from the Medicare and You 2017 Publication: “Welcome to Medicare” preventive visit During the first 12 months that you have Part B, you can get a “Welcome to Medicare” preventive visit. This visit includes a review of your medical and social history related to your health, and education and counseli...
by kaneohe
Thu Jun 22, 2017 3:02 pm
Forum: Personal Consumer Issues
Topic: Please explain how Medicare Billing works?
Replies: 62
Views: 4009

Re: Please explain how Medicare Billing works?

Just want to add that there is probably not only a co-payment but a deductible amount for each year with Medicare and, I suspect, your supplement policy. That would also show up with the first visit of the year. Part B deductible $183 per year I have Medigap F - do I still have a deductible? You ha...
by kaneohe
Thu Jun 22, 2017 11:13 am
Forum: Investing - Help with Personal Investments
Topic: How to Backdoor Roth correctly?
Replies: 14
Views: 765

Re: How to Backdoor Roth correctly?

Thesaints wrote:I used "form" loosely; it is the worksheet on the back of Pub. 1005.


Thanks............I thought only geezers had to worry about Pre-1986 basis but perhaps not. Mercifully, CA lets you use that basis first so no pro-rating and eventually the Fed/CA numbers should be the same.
by kaneohe
Thu Jun 22, 2017 7:20 am
Forum: Investing - Help with Personal Investments
Topic: How to Backdoor Roth correctly?
Replies: 14
Views: 765

Re: How to Backdoor Roth correctly?

Thesaints wrote:........................................

Since you are in CA, there is an analogous form which does the same calculation in a slightly different way, so between the two taxable amount there could be very minor differences every year.


Which form is that?
by kaneohe
Wed Jun 21, 2017 8:14 pm
Forum: Personal Consumer Issues
Topic: What do you say when you cancel an account that you only opened for bonus?
Replies: 64
Views: 4269

Re: What do you say when you cancel an account that you only opened for bonus?

Sometimes you can find a lesser grade of checking (e.g. senior or basic) that will have less onerous terms of minimum balance,etc that you could switch to and maintain the account for a period that seems decent to you before closing. That might also help to keep you off the blacklist for future prom...
by kaneohe
Wed Jun 21, 2017 8:08 pm
Forum: Personal Consumer Issues
Topic: Please explain how Medicare Billing works?
Replies: 62
Views: 4009

Re: Please explain how Medicare Billing works?

Sorry for the agony you are going through. Medicare plus Medigap is supposed to be a hands-off self-running system unless, as others have said, the coding is wrong. I'm surprised your BP is still under control. Perhaps your best weapon is to get a sympathetic supervisor at the doctor's office and le...
by kaneohe
Wed Jun 21, 2017 7:02 pm
Forum: Personal Consumer Issues
Topic: What do you say when you cancel an account that you only opened for bonus?
Replies: 64
Views: 4269

Re: What do you say when you cancel an account that you only opened for bonus?

Some lipstick on the pig would be useful so that it is not obvious that you should be blackballed in the future:
How about something like an unexpected expense came up and you needed the funds.
by kaneohe
Wed Jun 21, 2017 7:38 am
Forum: Personal Finance (Not Investing)
Topic: Ally Bank 1.25% 11 month with no EWP
Replies: 104
Views: 12484

Re: Ally Bank 1.25% 11 month with no EWP

txranger wrote:How do u qualify for 1 day ach transfers? I have schwab and Fido ... says 3 biz days for them....


I assume you're talking about transfers initiated at Ally? Don't know anything about that.
For Schwab, moneylink transfers initiated at Schwab, take 1 day.
by kaneohe
Tue Jun 20, 2017 11:43 pm
Forum: Personal Finance (Not Investing)
Topic: Estimated Taxes, Safe Harbor and AMT
Replies: 4
Views: 336

Re: Estimated Taxes, Safe Harbor and AMT

CA is very similar https://www.ftb.ca.gov/individuals/faq/ivr/208.shtml

I assume you are withholding as opposed to paying estimated taxes?
by kaneohe
Tue Jun 20, 2017 7:57 am
Forum: Personal Finance (Not Investing)
Topic: Ally no penalty 11 month CD rate increased to 1.50% this morning
Replies: 68
Views: 7616

Re: Ally no penalty 11 month CD rate increased to 1.50% this morning

Thanks for posting...........can't believe it! Just got a couple at 1.35% and thought that was great. Was thinking I would have to wait 6 days before I could cancel w/o penalty but then remembered something about getting the highest rate in the next 10 days or so. Will have to check.
by kaneohe
Tue Jun 20, 2017 1:36 am
Forum: Investing - Theory, News & General
Topic: A closer look at taxes/distributions: Fidelity vs. Vanguard
Replies: 5
Views: 911

Re: A closer look at taxes/distributions: Fidelity vs. Vanguard

.............................................. Am I "worse off" having to pay LTCG distribution on Fidelity vs. zero at Vanguard or does it net out somehow? The results below are surprising: assuming someone owned 10,000 shares of the Fidelity fund, that's an extra $4,000 in distributions...
by kaneohe
Mon Jun 19, 2017 7:59 pm
Forum: Investing - Help with Personal Investments
Topic: Roth Conversion Tax Payments
Replies: 8
Views: 736

Re: Roth Conversion Tax Payments

Can the tax payments for the RMD be spread over 4 quarters if the total RMD is distributed to the checking account in January? You get a break if you pay in 4 equal"quarterly" payments . IRS assumes your income was also in equal "quarterly" payments. You should be thinking, howe...
by kaneohe
Mon Jun 19, 2017 6:07 pm
Forum: Investing - Help with Personal Investments
Topic: Roth Conversion Tax Payments
Replies: 8
Views: 736

Re: Roth Conversion Tax Payments

The tax on the conversion should be due mid Jan 2019 so if you paid in Mar 2019, you are potentially liable for a late payment for 2 months but that depends on how much the conversion amount is compared to the other income and the safe harbor amount compared to the amount paid in 2018. Probably will...
by kaneohe
Mon Jun 19, 2017 5:57 pm
Forum: Investing - Help with Personal Investments
Topic: Earliest/Latest date for making that first RMD a QCD
Replies: 10
Views: 457

Re: Earliest/Latest date for making that first RMD a QCD

............................. 1) The first RMD must be taken during the calendar year you turn 70½, however, say for example, say you turn 70½ on 6/1. Can your first RMD be taken in that calendar year before you actually turn 70½ (5/31 or earlier) or do you have to wait until 6/1 or later? yes you ...
by kaneohe
Fri Jun 16, 2017 7:17 pm
Forum: Personal Finance (Not Investing)
Topic: Roth 401k to Roth IRA: Earnings can't be rolled over ???
Replies: 12
Views: 829

Re: Roth 401k to Roth IRA: Earnings can't be rolled over ???

Nate79 wrote:Are you sure it is a Roth 401k?


If it's an aftertax 401K (vs a Roth 401K) , things are different"https://www.irs.gov/retirement-plans/rollovers-of-after-tax-contributions-in-retirement-plans
by kaneohe
Fri Jun 16, 2017 5:52 pm
Forum: Personal Consumer Issues
Topic: Beware Citibank Bonus Promotion
Replies: 38
Views: 5736

Re: Beware Citibank Bonus Promotion

Now I'm wondering about a similar offer from HSBC who seems to get even worse ratings for their local operations......not necessarily their bonus. Is this the HSBC bonus you're referring to ? https://www.us.hsbc.com/1/2/home/personal-banking/share The individual you referred will receive a $500 ref...
by kaneohe
Fri Jun 16, 2017 8:46 am
Forum: Personal Consumer Issues
Topic: Beware Citibank Bonus Promotion
Replies: 38
Views: 5736

Re: Beware Citibank Bonus Promotion

Just to add another data point and some balance.......I signed up for the 15K $400 bonus from Citi and bonus was in the account a week or 2 before I expected it .........no poking or prodding required. Now I'm wondering about a similar offer from HSBC who seems to get even worse ratings for their lo...
by kaneohe
Thu Jun 15, 2017 4:43 pm
Forum: Personal Consumer Issues
Topic: Beware Citibank Bonus Promotion
Replies: 38
Views: 5736

Re: Beware Citibank Bonus Promotion

I signed up for the $400 bonus on $15,000 and left the money there for the required time. When I went to have $15,400 transferred to my home bank account Citi would only let me do it in $2,000 increments. Five days ago, I phone customer service and was told I could have a check for the full amount ...
by kaneohe
Thu Jun 15, 2017 4:22 pm
Forum: Personal Finance (Not Investing)
Topic: Is it worth moving for a better public high school?
Replies: 32
Views: 2120

Re: Is it worth moving for a better public high school?

Is it possible to get a "district exception" that would allow your kid to change schools w/o your family having to move? DW wrote a letter requesting such a change citing the reasons why : no debate club , school newspaper at old school, etc. etc. The exception was granted . Writing the le...
by kaneohe
Thu Jun 15, 2017 1:12 pm
Forum: Personal Finance (Not Investing)
Topic: Estimated Tax Underpayment Penalty
Replies: 9
Views: 904

Re: Estimated Tax Underpayment Penalty

What you owe is the safe harbor: lower of 90% of this yrs taxes or 100 % (or 110% for higher AGI) of last yrs taxes. The penalty (interest) is based on the shortfall between your payments and the safe harbor and also the timing of your payments. If your payments were equal each period but you had a ...
by kaneohe
Tue Jun 13, 2017 1:09 pm
Forum: Investing - Help with Personal Investments
Topic: UTMA Question
Replies: 4
Views: 199

Re: UTMA Question

no. yes, based on capital gains. Also pay tax based on other income.....interest/dividends/etc.
by kaneohe
Tue Jun 13, 2017 12:10 pm
Forum: Personal Consumer Issues
Topic: Anyone enrolled in Part B of Medicare?
Replies: 25
Views: 1377

Re: Anyone enrolled in Part B of Medicare?

Yes the plans that dm200 wrote of are medigap plans. Mike Colson wrote a very good book called "Imagine understanding your Medicare" Available on Kindle and elsewhere. He seems to make a distinction between the supplemental plans and the medigap plans that manage the costs more such as Ka...
by kaneohe
Mon Jun 12, 2017 11:22 pm
Forum: Personal Consumer Issues
Topic: Anyone enrolled in Part B of Medicare?
Replies: 25
Views: 1377

Re: Anyone enrolled in Part B of Medicare?

....................................... There are also medigap plans that are more like HMO's in that they limit the doctors that you can see and are more active in controlling the costs. It's not for me but it is less expensive. are these the ones dm200 discussed? I don't think they're called medi...
by kaneohe
Mon Jun 12, 2017 6:43 pm
Forum: Personal Consumer Issues
Topic: Anyone enrolled in Part B of Medicare?
Replies: 25
Views: 1377

Re: Anyone enrolled in Part B of Medicare?

Note, that my comment is for having a Medigap policy. Yes, my wife and I are over 65 and enrolled in Medicare A and B. Since they do not cover everything, we also have a Medigap policy which covers most (also drugs) which Medicare A & B do not cover. But there are still co-pays which we have to...
by kaneohe
Mon Jun 12, 2017 5:18 pm
Forum: Personal Consumer Issues
Topic: Anyone enrolled in Part B of Medicare?
Replies: 25
Views: 1377

Re: Anyone enrolled in Part B of Medicare?

https://www.amazon.com/Medicare-Dummies-Lifestyle-Patricia-Barry/dp/1119293391

The books in the Dummies & also the Idiots series are generally quite good. Try the library first.
by kaneohe
Mon Jun 12, 2017 11:06 am
Forum: Personal Finance (Not Investing)
Topic: HSAs and "Saving Medical Receipts"
Replies: 96
Views: 6699

Re: HSAs and "Saving Medical Receipts"

The question is about your old unreimbursed expenses. Spouse can cover her old unreimbursed expenses but are yours wasted? Upon death with a spouse as beneficiary, the spouse assumes ownership of the HSA as their own with all the rights therein. An HSA owner can reimburse any unremibursed qualified...
by kaneohe
Mon Jun 12, 2017 8:55 am
Forum: Personal Finance (Not Investing)
Topic: HSAs and "Saving Medical Receipts"
Replies: 96
Views: 6699

Re: HSAs and "Saving Medical Receipts"

.................................... ..................................................... Also you might want to research what happens if you vanish from this earth before claiming these expenses......can spouse claim them and will they know what to do and where all the stuff is Spouse stands in m...
by kaneohe
Mon Jun 12, 2017 7:36 am
Forum: Personal Finance (Not Investing)
Topic: Q about Cali estimated tax "SUSPENSE" status
Replies: 2
Views: 391

Re: Q about Cali estimated tax "SUSPENSE" status

https://www.caltax.com/message-board/25799

sounds like there might be a problem and you might want to contact FTB.

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