Search found 3599 matches

by kaneohe
Tue Jul 26, 2016 1:03 pm
Forum: Personal Finance (Not Investing)
Topic: Cost of Medigap (supplement) Policies
Replies: 12
Views: 723

Re: Cost of Medigap (supplement) Policies

That might be a factor with Medicare Advantage programs but that isn't the way that it works with Medigap policies. They just pay based on what Medicare pays and then the insurance fills in the gaps. One companies "G" plan is identical to another companies plan "G" plan in every...
by kaneohe
Tue Jul 26, 2016 9:19 am
Forum: Personal Finance (Not Investing)
Topic: Cost of Medigap (supplement) Policies
Replies: 12
Views: 723

Re: Cost of Medigap (supplement) Policies

You might want to look at rates for various ages for the different policies to see if you agree with the last statement here. http://www.kiplinger.com/article/spending/T027-C001-S001-how-to-get-a-better-deal-on-a-medigap-policy.html "The lowest-cost issue-age or community-rated policy is usuall...
by kaneohe
Mon Jul 25, 2016 5:56 pm
Forum: Personal Finance (Not Investing)
Topic: EMC/Dell Tax consequences to individuals
Replies: 9
Views: 689

Re: EMC/Dell Tax consequences to individuals

You normally receive a detailed disclosure about such mergers. Some info here http://blogs.wsj.com/cfo/2015/10/12/dell-may-avoid-tax-hit-on-deal-but-emc-shareholders-will-pay/ "However, EMC shareholders who get the cash and shares will still have to pay up. They will pay tax that ranges between...
by kaneohe
Sat Jul 23, 2016 7:56 pm
Forum: Investing - Help with Personal Investments
Topic: Withdraw from Roth IRA to Contribute to IRA?
Replies: 8
Views: 386

Re: Withdraw from Roth IRA to Contribute to IRA?

Ask broker to recharacterize contribution from Roth to Traditional. Makes it like you contributed to TIRA is the first place.
by kaneohe
Wed Jul 20, 2016 10:13 pm
Forum: Personal Finance (Not Investing)
Topic: Tax help - IRS asking for money for 2014- messed up backdoor ROTH - form 8606 - PLEASE HELP!!!!!!!
Replies: 37
Views: 2491

Re: Tax help - IRS asking for money for 2014- messed up backdoor ROTH - form 8606 - PLEASE HELP!!!!!!!

Alan S.should be along shortly to give you the real answer. In the meantime perhaps to get you started , did you get 1099Rs for your distributions from TIRA and Roth. The gross distributions of 22K in total would give the idea that you had not reported that income unless you clear that up with F8606...
by kaneohe
Wed Jul 20, 2016 9:32 pm
Forum: Investing - Help with Personal Investments
Topic: RMD - Thinking Getting Fuzzy
Replies: 9
Views: 1311

Re: RMD - Thinking Getting Fuzzy

tom......a most interesting question discussed before . Not sure if there were was a consensus opinion or not. Some random thoughts. You are asking 2 questions in 1......take RMD early or late. take RMD hi market or low. Of course you can only know the former, not the latter. There is another dual q...
by kaneohe
Wed Jul 20, 2016 8:19 am
Forum: Personal Finance (Not Investing)
Topic: Taxcaster for state returns
Replies: 5
Views: 562

Re: Taxcaster for state returns

Perhaps better than nothing but may not be much better: http://www.taxformcalculator.com/state_tax.html I found it difficult to read w/ many perhaps irrelevant details. Also in the beginning I saw a selection for filing status but never was able to find it again. You might have better luck. It doesn...
by kaneohe
Mon Jul 18, 2016 11:00 am
Forum: Investing - Help with Personal Investments
Topic: cannot wrestle IRA from custodian. Help?
Replies: 33
Views: 2707

Re: cannot wrestle IRA from custodian. Help?

I guess another option would be to have them send a check and pray that we get it; but they also withhold 20%, which would just delay a mess. In that case, do they send it to IRS, then it comes back as a refund? We could cover the 20% in cash. But if something does get messed up, we're in a high br...
by kaneohe
Sat Jul 16, 2016 10:42 pm
Forum: Personal Finance (Not Investing)
Topic: Spousal Step Up Social Security Question
Replies: 37
Views: 2299

Re: Spousal Step Up Social Security Question

Spousal benefits do not increase if you delay past FRA. Just survivor benefits. Sorry, you're right - I was getting confused with survivor. Survivor benefits still provide a pretty compelling reason to delay until 70 in this instance, though: if the older spouse is male, it is unfortunately quite l...
by kaneohe
Sat Jul 16, 2016 8:00 pm
Forum: Personal Finance (Not Investing)
Topic: Choosing Medigap Insurance
Replies: 38
Views: 2998

Re: Choosing Medigap Insurance

Go to Medicare.gov. (Warning: use the official government site, there are commercial sites that will pop to the top of your browser, you may need to scroll down). Then look for the tab for Supplemental Insurance. Then look for a tab Find a Policy (not sure of the verbiage). That tab will ask for yo...
by kaneohe
Sat Jul 16, 2016 7:27 pm
Forum: Personal Finance (Not Investing)
Topic: Spousal Step Up Social Security Question
Replies: 37
Views: 2299

Re: Spousal Step Up Social Security Question

Spousal benefits do not increase if you delay past FRA. Just survivor benefits. Sorry, you're right - I was getting confused with survivor. Survivor benefits still provide a pretty compelling reason to delay until 70 in this instance, though: if the older spouse is male, it is unfortunately quite l...
by kaneohe
Sat Jul 16, 2016 4:49 pm
Forum: Personal Finance (Not Investing)
Topic: Choosing Medigap Insurance
Replies: 38
Views: 2998

Re: Choosing Medigap Insurance

Go to Medicare.gov. (Warning: use the official government site, there are commercial sites that will pop to the top of your browser, you may need to scroll down). Then look for the tab for Supplemental Insurance. Then look for a tab Find a Policy (not sure of the verbiage). That tab will ask for yo...
by kaneohe
Sat Jul 16, 2016 8:26 am
Forum: Personal Finance (Not Investing)
Topic: Choosing Medigap Insurance
Replies: 38
Views: 2998

Re: Choosing Medigap Insurance

Go to Medicare.gov. (Warning: use the official government site, there are commercial sites that will pop to the top of your browser, you may need to scroll down). Then look for the tab for Supplemental Insurance. Then look for a tab Find a Policy (not sure of the verbiage). That tab will ask for yo...
by kaneohe
Tue Jul 12, 2016 2:41 pm
Forum: Personal Consumer Issues
Topic: Tax Preparation--Anyone try this as second income
Replies: 40
Views: 5160

Re: Tax Preparation--Anyone try this as second income

That doesn't sound good Kaneohe! :annoyed I wonder right now how big the IRS mistake is or will be :?: Don't know.......but the winner was the lowest bidder , right? Maybe they'll have hotlines for the volunteers? But I remember that they wanted or invited us to try out the Taxslayer software but d...
by kaneohe
Tue Jul 12, 2016 1:58 pm
Forum: Personal Consumer Issues
Topic: Tax Preparation--Anyone try this as second income
Replies: 40
Views: 5160

Re: Tax Preparation--Anyone try this as second income

.................................... I hope the TaxSlayer program is as easy to learn as was the current program. ............................................ ..........same here and I hope it is better than their online tax calculator https://www.taxslayer.com/tools/tax-refund-calculator which I s...
by kaneohe
Mon Jul 11, 2016 10:49 pm
Forum: Personal Finance (Not Investing)
Topic: Do you have any retiree healthcare benefit from your employer?
Replies: 76
Views: 3680

Re: Do you have any retiree healthcare benefit from your employer?

Megacorp employer at one time was self-insured so retirees got to enroll in retiree program at some cost. Employer later decided to not self-insure the retirees (not sure about active employees) and instead offered a fixed subsidy via HRA account (amount was a function of service years) . It was a c...
by kaneohe
Sat Jul 09, 2016 9:49 pm
Forum: Investing - Help with Personal Investments
Topic: How to get rid of fractional shares
Replies: 12
Views: 2017

Re: How to get rid of fractional shares

Having fractional shares (x.abc) shares is normal when you buy mutual fund shares with specific $$$ amounts. Can you even specify
buying a specific number of shares?
by kaneohe
Sat Jul 09, 2016 4:56 pm
Forum: Investing - Help with Personal Investments
Topic: Backdoor IRA for non-working spouse
Replies: 7
Views: 998

Re: Backdoor IRA for non-working spouse

From Pub 590A: Table 1-3. Effect of Modified AGI * on Deduction if You Are NOT Covered by a Retirement Plan at Work If you are not covered by a retirement plan at work, use this table to determine if your modified AGI affects the amount of your deduction. IF your filing status is married filing join...
by kaneohe
Fri Jul 08, 2016 11:08 am
Forum: Personal Finance (Not Investing)
Topic: After a Pro-Rata Back Door Roth conversion?
Replies: 3
Views: 168

Re: After a Pro-Rata Back Door Roth conversion?

F8606 which you need to fill out for your taxes tracks all of this. No thinking required. Last yrs F8606 is used as the starting pt for this yrs. You can also think about this stuff as mixing water and coolant. By keeping track of the coolant (basis) and assuming it is all evenly mixed, you can figu...
by kaneohe
Thu Jul 07, 2016 8:18 am
Forum: Investing - Help with Personal Investments
Topic: Roth Convertion Question
Replies: 8
Views: 430

Re: Roth Convertion Question

IF you recharacterized your Roth to TIRA, it is like you made your original contribution to the TIRA. .....so now you have your original contribution plus gains in the TIRA. You are not restricted as to how much you can convert (unlike your contribution) so there is no problem in converting everythi...
by kaneohe
Wed Jul 06, 2016 4:58 pm
Forum: Investing - Help with Personal Investments
Topic: Can long term losses be used to offset ST gains?
Replies: 7
Views: 512

Re: Can long term losses be used to offset ST gains?

You can prove it to yourself by simply looking at Sch D. Pt 1 nets short term gains/losses. Pt 2 nets long term gains/losses.
Pt 3 combines pt 1 and pt 2 and directs you to do various things depending on whether you have a gain or loss.
https://www.irs.gov/pub/irs-pdf/f1040sd.pdf
by kaneohe
Wed Jul 06, 2016 4:52 pm
Forum: Investing - Help with Personal Investments
Topic: HSA - Can you withdraw from the HSA an amount equal to my past medical expenses?
Replies: 36
Views: 2882

Re: HSA - Can you withdraw from the HSA an amount equal to my past medical expenses?

............................. Also, although it makes sense now that I think of it, of course any money we were reimbursed should not be withdrawable tax free from the HSA in the future. However, I'm not sure how I'd prove that (proving a negative). .............................. How about producin...
by kaneohe
Wed Jul 06, 2016 1:13 pm
Forum: Personal Finance (Not Investing)
Topic: Suspended Passive Activity Losses for Rental (sale)
Replies: 5
Views: 346

Re: Suspended Passive Activity Losses for Rental (sale)

That's my understanding also....and no income limitations.
by kaneohe
Wed Jul 06, 2016 8:20 am
Forum: Personal Finance (Not Investing)
Topic: Liking the new Citi CC at Costco
Replies: 176
Views: 28851

Re: Liking the new Citi CC at Costco

One thing to dislike about this card : it has an RFID chip for contactless payment. This is not very secure. It is the only card I have that has this feature, and IMO that is a strong negative. Can you elaborate on your comment above? a bit dated but presumably still true: http://www.consumerreport...
by kaneohe
Tue Jul 05, 2016 8:13 pm
Forum: Investing - Help with Personal Investments
Topic: 529 Plan + Inlaws
Replies: 10
Views: 821

Re: 529 Plan + Inlaws

"What kind of investments can I put in a 529? You can't pick individual stocks for a 529 college savings plan. In most cases, you'll choose from a limited menu of stock and bond mutual funds or fund portfolios." from http://www.fool.com/how-to-invest/personal-finance/savings/2010/06/11/wha...
by kaneohe
Mon Jul 04, 2016 7:39 pm
Forum: Investing - Help with Personal Investments
Topic: HSA - Can you withdraw from the HSA an amount equal to my past medical expenses?
Replies: 36
Views: 2882

Re: HSA - Can you withdraw from the HSA an amount equal to my past medical expenses?

...................................................... I believe there is some silliness in the tax code that you have to be able to prove that you were not already reimbursed, but how do you prove that something didn't happen? ............................................... A bit harder than provi...
by kaneohe
Mon Jul 04, 2016 4:40 pm
Forum: Investing - Help with Personal Investments
Topic: HSA - Can you withdraw from the HSA an amount equal to my past medical expenses?
Replies: 36
Views: 2882

Re: HSA - Can you withdraw from the HSA an amount equal to my past medical expenses?

...................................................... I believe there is some silliness in the tax code that you have to be able to prove that you were not already reimbursed, but how do you prove that something didn't happen? ............................................... A bit harder than provi...
by kaneohe
Sat Jul 02, 2016 9:50 am
Forum: Personal Finance (Not Investing)
Topic: Choosing Medigap Insurance
Replies: 38
Views: 2998

Re: Choosing Medigap Insurance

CWRadio wrote:Is there a web site that shows all the prices and pricing methods (Community, Issue-age-rated, Attained-age-rated) for Medicare Supplement insurance for your state? Thanks



Try searching on your State Dept of Insurance website.
by kaneohe
Thu Jun 30, 2016 8:38 am
Forum: Personal Finance (Not Investing)
Topic: Roth Conversion 5 year rule
Replies: 9
Views: 1052

Re: Roth Conversion 5 year rule

....................... Maryland and I believe the Fed also are pay as you go tax systems, so I am going to have to pay the taxes due on the extra $100,000 by September 15. ................................... not necessarily.........if the conversion income is an increase over what your income was ...
by kaneohe
Thu Jun 30, 2016 8:31 am
Forum: Personal Finance (Not Investing)
Topic: Roth Conversion 5 year rule
Replies: 9
Views: 1052

Re: Roth Conversion 5 year rule

Here is the old age portion of a table by kawill (fairmark.com) that I find useful for Roth withdrawals: Over 59.5, there are no 5 year conversion clocks anymore, just a 5 yr clock on the oldest Roth IRA. If that clock is not satisfied, there are taxes on earnings withdrawn but no penalties. There a...
by kaneohe
Wed Jun 22, 2016 2:29 pm
Forum: Personal Finance (Not Investing)
Topic: Trad IRA to Roth conversion strategy due to losses
Replies: 8
Views: 575

Re: Trad IRA to Roth conversion strategy due to losses

.............................................................. Let's say the balance recovers to $40K in five years time. My question how is the basis calculated if I want to withdraw Roth contributions tax free? Is the basis the $10K I would convert (and paid tax on) or the original $40K basis in ...
by kaneohe
Mon Jun 20, 2016 12:48 am
Forum: Personal Finance (Not Investing)
Topic: tax bracket question
Replies: 8
Views: 1252

Re: tax bracket question

see the tax rate schedules here http://fairmark.com/general-taxation/reference-room/2016-tax-rate-schedules/
which have the piecewise form Tax = To + tax rate (Taxable income - bottom of bracket)
where the tax rate is applied to the amount that exceeds the lower bracket limit.
by kaneohe
Sat Jun 18, 2016 6:49 pm
Forum: Personal Finance (Not Investing)
Topic: Liking the new Citi CC at Costco
Replies: 176
Views: 28851

Re: Liking the new Citi CC at Costco

If a lot of Costco customers call Citi on Monday, their phone line and computer system will go down. :) I think I will wait a few days. Thanks for that thought Huey. My payment is due a few days later so I was planning to pay Citi on Monday. After reading your thoughts here, I decided to pay AMEX t...
by kaneohe
Sat Jun 18, 2016 3:58 pm
Forum: Personal Finance (Not Investing)
Topic: Liking the new Citi CC at Costco
Replies: 176
Views: 28851

Re: Liking the new Citi CC at Costco

If a lot of Costco customers call CIti on Monday, their phone line and computer system will go down. :) I think I will wait a few days. Thanks for that thought Huey. My payment is due a few days later so I was planning to pay Citi on Monday. After reading your thoughts here, I decided to pay AMEX t...
by kaneohe
Thu Jun 16, 2016 5:12 pm
Forum: Personal Finance (Not Investing)
Topic: Costco and Chase Freedom Visa 5%
Replies: 23
Views: 3399

Re: Costco and Chase Freedom Visa 5%

My understanding is that Costco will take Chase Freedom VISA for 5% rewards. Chase rep told me that Costco gas will not get the 5% rewards so you can either go w/ the Citi Costco card for 4% rewards or I have read a suggestion that you buy Costco cash cards with the Chase Freedom VISA and hopefully...
by kaneohe
Thu Jun 16, 2016 2:36 pm
Forum: Personal Finance (Not Investing)
Topic: Costco and Chase Freedom Visa 5%
Replies: 23
Views: 3399

Re: Costco and Chase Freedom Visa 5%

My understanding is that Costco will take Chase Freedom VISA for 5% rewards. Chase rep told me that Costco gas will not get the 5% rewards so you can either go w/ the Citi Costco card for 4% rewards or I have read a suggestion that you buy Costco cash cards with the Chase Freedom VISA and hopefully ...
by kaneohe
Thu Jun 16, 2016 8:39 am
Forum: Personal Finance (Not Investing)
Topic: Costco and AMEX
Replies: 69
Views: 18207

Re: Costco and AMEX

I have an Amazon Visa card which rewards me 3% on Amazon.com purchases... Amazon Prime Visa pays 5% on Amazon purchases https://s32.postimg.org/o70bmoaed/2016_06_16_07_58_29.jpg That's an Amazon Prime Store card......not sure if it's considered VISA............and you need to be an Amazon Prime mem...
by kaneohe
Tue Jun 14, 2016 2:08 pm
Forum: Investing - Help with Personal Investments
Topic: Can we contribute to Roth IRAs this year?
Replies: 4
Views: 496

Re: Can we contribute to Roth IRAs this year?

Why do you have any doubts?
by kaneohe
Mon Jun 13, 2016 3:47 pm
Forum: Investing - Theory, News & General
Topic: RMD's and Charity Contributions
Replies: 17
Views: 805

Re: RMD's and Charity Contributions

Financial Dave, I believe there is no change to the distribution code shown on the 1099-R. It is up to the taxpayer to reflect the proper amount on lines 15a and 15b of Form 1040 with QCD next to line 15b. 15a would be total distribution amount and 15b would be the taxable portion of 15a. More info...
by kaneohe
Sun Jun 12, 2016 1:40 am
Forum: Investing - Help with Personal Investments
Topic: Roth IRA Conversion - not sure it makes sense
Replies: 12
Views: 1464

Re: Roth IRA Conversion - not sure it makes sense

It seems its the different calculations of rate of gain and tax rate over time. If one converts and eat the taxes now at 15% then you have some future period (5,10,15 years, perhaps more) to earn in a non tax way. But first you must recover the 15 points worth of tax bill. Conservatively that's 2-3...
by kaneohe
Sat Jun 11, 2016 10:19 am
Forum: Personal Consumer Issues
Topic: Has anyone used Costco car buying service?
Replies: 45
Views: 42423

Re: Has anyone used Costco car buying service?

If you want to email bomb some dealers with a specific offer for a particular vehicle, how do you go about finding out who to direct the emails to at the dealerships? All I've been able to come up with is dealer websites where you are able to request a quote online. I would prefer to cut to the cha...
by kaneohe
Thu Jun 09, 2016 8:24 pm
Forum: Personal Finance (Not Investing)
Topic: When to make estimated tax payment?
Replies: 9
Views: 863

Re: When to make estimated tax payment?

safe harbor rules: http://www.fairmark.com/estimate/howmuch.htm

If you decide you need to pay, consider increasing withholding which will greatly simplify things.
by kaneohe
Tue Jun 07, 2016 7:42 pm
Forum: Investing - Help with Personal Investments
Topic: AMT and Muni bonds
Replies: 1
Views: 220

Re: AMT and Muni bonds

This question is regarding muni bond funds. I would like to know if my understanding below is correct. Is it true that only part of the dividends received from a muni bond fund is subject to AMT? I understood that only what is reported on box 11 of 1099 DIV is subject to AMT. So for instance, if i ...
by kaneohe
Tue Jun 07, 2016 8:30 am
Forum: Personal Finance (Not Investing)
Topic: Amazon.com Store Card
Replies: 68
Views: 7387

Re: Amazon.com Store Card

I just signed up for the card and I got some junk mail I usually would just throw away, but I actually read it. Apparently by signing up for the card, you sign up for a Card Security program that covers your bill in case of disability and other things at a cost of $1.66 per $100 balance even if pai...
by kaneohe
Sun Jun 05, 2016 12:27 am
Forum: Personal Finance (Not Investing)
Topic: Amazon.com Store Card
Replies: 68
Views: 7387

Re: Amazon.com Store Card

Try calling a slightly different toll free number.............I believe it is 1 higher than the number on the card which ends in 79? If so, then try the same number but ending in 80 instead. I think that (usually) gets you to reps in the US where at least you won't have a language barrier. I've fou...
by kaneohe
Sat Jun 04, 2016 11:48 pm
Forum: Personal Finance (Not Investing)
Topic: Amazon.com Store Card
Replies: 68
Views: 7387

Re: Amazon.com Store Card

I've had it for nearly a year and mostly like it, except: --periodically I can't pay online from my Mac using Firefox; Safari payments vanish (finally got the Windows laptop working again, so I have backup) --after accidentally ordering a Kindle book, I immediately cancelled but wound up having to ...
by kaneohe
Sat Jun 04, 2016 6:30 pm
Forum: Investing - Help with Personal Investments
Topic: Convert tIRA (with basis) and then rollover 401(k) in same year?
Replies: 4
Views: 253

Re: Convert tIRA (with basis) and then rollover 401(k) in same year?

[quote="uuuuu".................................... [*]$X in traditional 401(k), with another small basis of after tax dollars ($500) - to be rolled over into tIRA once the tIRA is emptied as described above. After the rollover to tIRA, the end goal is to convert a chunk of this whole amoun...
by kaneohe
Sat Jun 04, 2016 11:07 am
Forum: Investing - Help with Personal Investments
Topic: RMD withdrawal question
Replies: 20
Views: 1429

Re: RMD withdrawal question

I'm several years into RMD and have been keeping around three years worth in VFSUX (Short Term Investment Grade) from which I take the RMD. Takes a lot of worry from market turmoil. Matter of fact, you reminded me that I needed to replenish that fund, which I just did. I don't worry about RMDs duri...
by kaneohe
Wed Jun 01, 2016 11:21 pm
Forum: Investing - Theory, News & General
Topic: Non-linear Tax Code and Roth vs Traditional IRA
Replies: 57
Views: 4258

Re: Non-linear Tax Code and Roth vs Traditional IRA

how about this............ 1) TIRA = 1000 Taxable acct 250 vs 2) Roth = 1000 (taxable acct used for conversion in 25% bracket) Market drops 90 % 1) TIRA =100 ; withdraw 100 and pay 25% taxes and end up w/ 75 taxable = 25; sell for TLH of 225 and (if used against LTCG) a credit of33.8 (at 15% CG) Tot...
by kaneohe
Sun May 29, 2016 4:09 pm
Forum: Investing - Theory, News & General
Topic: Tax brackets and investment returns
Replies: 16
Views: 1238

Re: Tax brackets and investment returns

Taxable income is in brackets A, B, C, D, E, F, and G. Each bracket has a tax rate for ordinary income, and a different tax rate for tax-favored income (qualified dividends and long-term capital gains). For example, ordinary income which is in bracket B is taxed at 15%, and tax-favored income is ta...

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