Search found 591 matches

by plannerman
Thu Dec 08, 2016 10:58 am
Forum: Personal Finance (Not Investing)
Topic: Where are the mortality credits?
Replies: 1
Views: 199

Where are the mortality credits?

I have been looking into buying a Qualified Longevity Annuity Contract (QLAC), primarily as a way to lower future RMDs. I would, however, also like to make sure I’m not doing something really stupid simply to postpone RMDs hoping it will reduce our current income enough to avoid avoid a Medicare IRM...
by plannerman
Sun Dec 04, 2016 11:41 am
Forum: Personal Finance (Not Investing)
Topic: Informal probate in Massachusetts was easy
Replies: 12
Views: 1170

Re: Informal probate in Massachusetts was easy

Wow! What an improvement.

plannerman
by plannerman
Sun Dec 04, 2016 11:17 am
Forum: Personal Finance (Not Investing)
Topic: Informal probate in Massachusetts was easy
Replies: 12
Views: 1170

Re: Informal probate in Massachusetts was easy

Are you done with the probate court? It sounds to me like all you did was get letters testamentary and will still have to go back to the court for approval after you have settled everything.

plannerman
by plannerman
Fri Dec 02, 2016 6:49 am
Forum: Personal Finance (Not Investing)
Topic: QLAC - Determining long term benefit, pros & cons, tax consequences
Replies: 6
Views: 476

Re: QLAC - Determining long term benefit, pros & cons, tax consequences

Here's a personal example a long term benefit afforded by a QLAC you may want to consider. If I don't do anything, and the market doesn't move much in the next 30 days, we are going to exceed the next IRMAA break point this year by just a couple of thousand dollars. That will increase our Medicare p...
by plannerman
Wed Nov 30, 2016 3:32 pm
Forum: Personal Finance (Not Investing)
Topic: Last day for solo 401k contribution?
Replies: 10
Views: 661

Re: Last day for solo 401k contribution?

I have read that a sole proprietor "must formally elect to make an employee deferral contribution by Dec. 31" How does one go about "formally electing"? It should be a signed and dated written election. The is no standard IRS form, many providers have a sample form, but you can ...
by plannerman
Wed Nov 30, 2016 12:15 pm
Forum: Personal Finance (Not Investing)
Topic: Last day for solo 401k contribution?
Replies: 10
Views: 661

Re: Last day for solo 401k contribution?

I have read that a sole proprietor "must formally elect to make an employee deferral contribution by Dec. 31"
How does one go about "formally electing"?

plannerman
by plannerman
Wed Nov 30, 2016 6:40 am
Forum: Personal Finance (Not Investing)
Topic: Trust with a spendthrift heir
Replies: 18
Views: 2326

Re: Trust with a spendthrift heir

We have two kids--one good with money, the other not so much. All assets of the first to die are left to surviving spouse. Upon the death of the second, any remaining assets are split 50-50. Assets going to the child good with money are bequeathed outright, to the one not so good with money, left in...
by plannerman
Sun Nov 20, 2016 9:43 am
Forum: Personal Finance (Not Investing)
Topic: Resetting Cost Basis on Gold Coins
Replies: 4
Views: 676

Re: Resetting Cost Basis on Gold Coins

You know the coins were purchased some time after they are dated--but you don't know when. You can also look up the historical price of gold. Use the lowest price of gold after the coin is dated as the basis. For example, suppose one of the coins contains one ounce of gold and is dated 1985. The low...
by plannerman
Sat Nov 12, 2016 2:14 pm
Forum: Personal Finance (Not Investing)
Topic: Executor - estate issue
Replies: 14
Views: 1454

Re: Executor - estate issue

She should have a letter of testamentary, or a letter of administration or similar authority from her local probate court appointing her as the executor of your fathers estate. I would think that would suffice.

plannerman
by plannerman
Sat Nov 12, 2016 12:15 pm
Forum: Personal Finance (Not Investing)
Topic: Turbo Tax 2016 purchase source
Replies: 35
Views: 3811

Re: Turbo Tax 2016 purchase source

Last year Turbo Tax caught me off guard by charging an additional $20 to electronically file my state return. Seems when they include state returns in the deal they should list if there will be an additional fee to file it electronically. It's a small mater to print and mail in a state return. I'll...
by plannerman
Sat Nov 12, 2016 9:14 am
Forum: Personal Finance (Not Investing)
Topic: Turbo Tax 2016 purchase source
Replies: 35
Views: 3811

Re: Turbo Tax 2016 purchase source

FWIW, Fidelity has a "up to $20 off" deal direct from TurboTax and you don't have the have a Fidelity account. https://www.fidelity.com/taxes/turbotax ... t/overview
by plannerman
Fri Nov 11, 2016 6:12 pm
Forum: Personal Finance (Not Investing)
Topic: Required Minimum Distribution
Replies: 6
Views: 1007

Re: Required Minimum Distribution

If you don't need the money, you may not need to sell anything. Depending on your broker, you may be able to take a distribution "in kind" which simply means you transfer the appropriate number of shares out of the IRA accounts into a taxable accounts. This will be a taxable transaction ho...
by plannerman
Fri Nov 11, 2016 7:49 am
Forum: Personal Finance (Not Investing)
Topic: John Hancock discontinues LTC insurance sales
Replies: 45
Views: 4152

Re: John Hancock discontinues LTC insurance sales

Another one bites the dust....thought some people here may be interested to know about this. Received as an email so can't provide a link, but here's the letter: ...Please note that the decision to discontinue new sales does not impact our inforce LTC insurance business. We will continue to honor o...
by plannerman
Thu Nov 10, 2016 3:19 pm
Forum: Personal Finance (Not Investing)
Topic: Home shopping, Potential roof leaking despite new roof
Replies: 22
Views: 1320

Re: Home shopping, Potential roof leaking despite new roof

I just had a new roof put on our house--one with a 50-year guarantee. We had a leak with the first hard rain. I called the roofing contractor and he refused to come back and fix the leak. So I had little choice but to hire another roofer to repair it. So my take is the guarantee isn't worth the pape...
by plannerman
Fri Oct 21, 2016 3:46 pm
Forum: Personal Finance (Not Investing)
Topic: Roth Conversion Target - Time to Break Even
Replies: 25
Views: 2434

Re: Roth Conversion Target - Time to Break Even

When deciding how much to convert to a Roth IRA prior to starting RMDs, you also need to consider the other implications, besides tax rates, of a higher AGI when RMDs kick in. Many other things depend on AGI including the taxable amount of Social Security, itemized deduction phase outs, Income-Relat...
by plannerman
Fri Oct 21, 2016 8:59 am
Forum: Personal Finance (Not Investing)
Topic: Medicaid or Obamacare
Replies: 21
Views: 2105

Re: Medicaid or Obamacare

Isn't Medicaid means tested as well as income tested?

plannerman
by plannerman
Thu Oct 20, 2016 4:27 pm
Forum: Personal Finance (Not Investing)
Topic: Medicare Part D pricing
Replies: 2
Views: 425

Medicare Part D pricing

Well it's that time of year again, and I just went through the process of picking a Part D plan for next year. I am astounded at the out-of-pocket cost differences among the various plans. In my case, for the specific drugs I expect to take, OOP costs ranged from a low of about $2,200 to a high of $...
by plannerman
Fri Oct 07, 2016 8:42 am
Forum: Personal Finance (Not Investing)
Topic: Trust-- disagree with CPA's Simple/Complex determination
Replies: 22
Views: 1679

Re: Trust-- disagree with CPA's Simple/Complex determination

I am the trustee of a trust for the benefit of a relative. The trust document requires that I distribute all the income at least annually. The sole beneficiary of the trust has requested a fixed annual distribution that is sometimes more than the trust income and sometimes less. I have discretion to...
by plannerman
Fri Oct 07, 2016 7:51 am
Forum: Personal Finance (Not Investing)
Topic: Drop BCBSM Medigap for Advantage?
Replies: 25
Views: 1615

Re: Drop BCBSM Medigap for Advantage?

I went the other way last January, I had had two different MA plans since starting on Medicare and liked them. Both allowed me to see any doctor who took Medicare. which was nice but not essential, since all my doctors were in network. They were considerably cheaper than Traditioal Medicare +Part D...
by plannerman
Thu Oct 06, 2016 9:29 pm
Forum: Personal Finance (Not Investing)
Topic: Drop BCBSM Medigap for Advantage?
Replies: 25
Views: 1615

Re: Drop BCBSM Medigap for Advantage?

I went the other way last January, I had had two different MA plans since starting on Medicare and liked them. Both allowed me to see any doctor who took Medicare. which was nice but not essential, since all my doctors were in network. They were considerably cheaper than Traditioal Medicare +Part D...
by plannerman
Thu Oct 06, 2016 7:25 pm
Forum: Personal Finance (Not Investing)
Topic: Drop BCBSM Medigap for Advantage?
Replies: 25
Views: 1615

Re: Drop BCBSM Medigap for Advantage?

I went the other way last January, I had had two different MA plans since starting on Medicare and liked them. Both allowed me to see any doctor who took Medicare. which was nice but not essential, since all my doctors were in network. They were considerably cheaper than Traditioal Medicare +Part D ...
by plannerman
Wed Sep 28, 2016 11:30 am
Forum: Personal Consumer Issues
Topic: Has anyone had any experience using GE suport service
Replies: 6
Views: 351

Re: Has anyone had any experience using GE suport service

Our GE microwave died while still under warranty. GE came out and diagnosed the problem--a failed magnatron. It turns out the part was covered by the warranty but not the service call. They had to order the part and schedule a return visit. I could have bought a new microwave for the cost of the two...
by plannerman
Wed Sep 28, 2016 7:37 am
Forum: Personal Consumer Issues
Topic: Spouse concerned about buying luxury SUV
Replies: 66
Views: 8378

Re: Spouse concerned about buying luxury SUV

My wife loves her Lexus RX 350 and loved her previous 2004 RX 330, which was the best car we ever owned in terms of comfort and reliability. Our granddaughter is currently driving it, and it is still a pleasure to drive. In the "upscale" community we live in, the Lexus RX 350 is the vehicl...
by plannerman
Tue Sep 27, 2016 8:46 am
Forum: Personal Finance (Not Investing)
Topic: How it really feels to have investments during a bear market?
Replies: 74
Views: 6202

Re: How it really feels to have investments during a bear market?

It is apparently very scary, This forum has some of the smartest and most knowledgeable personal investors on the planet. But if you go back and read many of the posts as the market was dropping in 2008 you will find a lot of discussions about folks capitulating and going to " plan B". You...
by plannerman
Tue Sep 13, 2016 7:12 am
Forum: Personal Consumer Issues
Topic: 2016 Murano or 2016 Acura MDX
Replies: 36
Views: 3361

Re: 2016 Murano or 2016 Acura MDX

I like everything about my 2012 Murano except the CVT. It keeps the engine RPM so low it constantly groans. Moreover there is one particular interstate entrance ramp geometry where I think it is actually unsafe. I wouldn't buy another because of this which is a shame because everything else is fine....
by plannerman
Tue Sep 13, 2016 6:46 am
Forum: Personal Finance (Not Investing)
Topic: What shape is your net worth curve?
Replies: 45
Views: 5989

Re: What shape is your net worth curve?

I would say anyone who has anything resembling a straight line or smooth net worth curve either hasn't been investing very long or doesn't invest in the stock market.

plannerman
by plannerman
Thu Sep 08, 2016 8:07 am
Forum: Personal Consumer Issues
Topic: Secondary Market for Tools and Antique related Items
Replies: 9
Views: 748

Re: Secondary Market for Tools and Antique related Items

I am downsizing and am trying to get rid of a lifetime accumulation of hand and power tools. I also don't trust the folks who respond to Craig's List ads. I took several items to a tool auction and ended up only getting about $.15 on the dollar. So now I'm mostly just donating them Habitat for Human...
by plannerman
Mon Sep 05, 2016 7:06 am
Forum: Personal Finance (Not Investing)
Topic: Professional mid-life crisis
Replies: 28
Views: 4539

Re: Professional mid-life crisis

I could have written your post thirty some years ago. I think many, if not most, professionals go through what you are experiencing--that's why they call it a midlife crisis. I have no idea what you should do. But I sucked it up, bought a red T-top sports car, worked my a$$ off for 15 more years, re...
by plannerman
Fri Sep 02, 2016 5:29 pm
Forum: Personal Finance (Not Investing)
Topic: Vanguard PAS
Replies: 21
Views: 1494

Re: Vanguard PAS

clydewolf wrote:
plannerman wrote:The biggest plus to Vanguard's PAS is not that they will make you higher returns in good times, but rather they may keep you from doing something stupid in bad times.

plannerman

So where are we today, Good times or Bad Times??


Neither--these are great times
by plannerman
Fri Sep 02, 2016 10:41 am
Forum: Personal Finance (Not Investing)
Topic: Vanguard PAS
Replies: 21
Views: 1494

Re: Vanguard PAS

The biggest plus to Vanguard's PAS is not that they will make you higher returns in good times, but rather they may keep you from doing something stupid in bad times.

plannerman
by plannerman
Wed Aug 31, 2016 6:14 am
Forum: Personal Consumer Issues
Topic: Door lock actuators: am I getting fleeced?
Replies: 23
Views: 2905

Re: Door lock actuators: am I getting fleeced?

[/quote] Or you can buy from other than a dealer. Example @ $125: http://www.ebay.com/itm/Brand-New-Door- ... 0528130252[/quote]

Except these won't work on the OPs 2013 avalon
by plannerman
Wed Aug 24, 2016 6:46 am
Forum: Investing - Help with Personal Investments
Topic: TIPS ladder - Have experience?
Replies: 11
Views: 982

Re: TIPS ladder - Have experience?

I'm 17 years into retirement and maintain about an 8-10 year TIPs bond ladder roughly matched to the expected cash flow needs from our portfolio. I have purchased a few at auction, but I mostly purchase them on the secondary market from Vanguard Brokerage Services. The spread on TIPs is very small, ...
by plannerman
Mon Aug 22, 2016 11:37 am
Forum: Investing - Theory, News & General
Topic: Dividends, and the curse of popularity
Replies: 91
Views: 6941

Re: Dividends, and the curse of popularity

Larry,

Apparently, dividends do matter when it comes to volatility. Vanguard's High Dividend Yield Index fund has a beta of .88. Vanguard's Dividend Growth fund has a beta of .83.

plannerman
by plannerman
Mon Aug 22, 2016 9:57 am
Forum: Investing - Theory, News & General
Topic: Dividends, and the curse of popularity
Replies: 91
Views: 6941

Re: Dividends, and the curse of popularity

Larry, I understand the points you are making, but I respectfully submit you didn't address my question. My question was about volatility, not return. Lower volatility should theoretically improve the sustainable withdrawal rate from a retiree's portfolio. My question is do high dividend stock mutua...
by plannerman
Mon Aug 22, 2016 7:57 am
Forum: Investing - Theory, News & General
Topic: Dividends, and the curse of popularity
Replies: 91
Views: 6941

Re: Dividends, and the curse of popularity

Larry, One aspect of high dividend yield stock mutual funds I have never seen analysed is how they perform (or if they perform differently than say TSM) during withdrawal. We know that portfolio volatility matters during the withdrawal phase. We also know, that mutual funds that focus on dividends h...
by plannerman
Sat Aug 20, 2016 6:52 am
Forum: Personal Finance (Not Investing)
Topic: Credit Card Fraud: How many times is 'normal'?
Replies: 24
Views: 1446

Re: Credit Card Fraud: How many times is 'normal'?

We had about the same experience you have had--once a year more or less--until we changed to using virtual credit card numbers for all online purchases.

Since then, knock on wood, none.

plannerman
by plannerman
Thu Aug 18, 2016 10:17 am
Forum: Personal Consumer Issues
Topic: Medical Billing Question - Hospital Discharge Instructions led to acetaminophen OD
Replies: 69
Views: 5247

Re: Medical Billing Question - Hospital Discharge Instructions led to acetaminophen OD

I had a botched surgical procedure that required readmission to the hospital and followup corrective surgery. My guess this that this is not all that unusual an occurrence, and I suspect the surgeon and hospital both have "standard" procedures they follow. You need to push back on the hosp...
by plannerman
Mon Aug 15, 2016 9:40 am
Forum: Personal Finance (Not Investing)
Topic: Where to report IRS impersonation scams
Replies: 26
Views: 1870

Re: Where to report IRS impersonation scams

If half of what I read in the popular press is accurate, the NSA is monitoring all our phone calls. It boggles my mind to think our government couldn't fix this problem if they were the least bit serious about trying.

plannerman
by plannerman
Mon Aug 15, 2016 8:29 am
Forum: Personal Finance (Not Investing)
Topic: Where to report IRS impersonation scams
Replies: 26
Views: 1870

Re: Where to report IRS impersonation scams

Do you seriously think that 1) The IRS doesn't know about this problem and 2) reporting it will do any good????

plannerman
by plannerman
Thu Aug 04, 2016 8:05 am
Forum: Personal Finance (Not Investing)
Topic: Has Anyone Filed a Formal Complaint Against a Real Estate Licensee
Replies: 30
Views: 2323

Re: Has Anyone Filed a Formal Complaint Against a Real Estate Licensee

Yes, for a much more serious situation involving multiple individual seasonal renters in SW Florida (failure to return security deposits). After a year long "investigation" the Florida Department of Professional Regulation--Division of Real Estate declined to act. I probably wouldn't waste...
by plannerman
Thu Aug 04, 2016 7:22 am
Forum: Personal Finance (Not Investing)
Topic: How are taxes different after retirement?
Replies: 39
Views: 3569

Re: How are taxes different after retirement?

3. For a variety of reasons (e.g., taxable or Roth account withdrawals or less income), one might be in a lower tax bracket with a lower marginal and effective tax rate. For example, if one moves from over $250k to under $250k, for example, the average effective federal tax rate appears to drop fro...
by plannerman
Sat Jul 30, 2016 7:03 am
Forum: Personal Finance (Not Investing)
Topic: How to deal with RMD with a TIPS ladder in an IRA
Replies: 8
Views: 591

Re: How to deal with RMD with a TIPS ladder in an IRA

One way is to simply match, or approximately match, each rung on your TIPs ladder to your projected future RMDs. For example, you project your RMD in 20xx is y dollars. You buy a TIP that matures in 20xx that will have a value in 20xx of approxamately y dollars. You do that for every year you have a...
by plannerman
Sun Jul 24, 2016 4:47 am
Forum: Personal Finance (Not Investing)
Topic: HELOC Deal.. Is it good?
Replies: 3
Views: 536

Re: HELOC Deal.. Is it good?

Just be aware of the "fine print" in the contract. It's not unusual to find that if you don't use it you may have to repay some of the closing costs.

plannerman
by plannerman
Sat Jul 23, 2016 6:46 am
Forum: Personal Finance (Not Investing)
Topic: Daring to figure it out for myself -- To Roth or Not to Roth and defusing the RMD tax bomb
Replies: 27
Views: 3584

Re: Daring to figure it out for myself -- To Roth or Not to Roth and defusing the RMD tax bomb

Also need to keep eye on projected AGI for the year to avoid getting just over threshold into next Medicare IRMAA bracket... +1 When deciding how much to convert to a Roth IRA prior to starting RMDs, be mindful of all the implications of a higher AGI including, in addition to the IRMAA. items such ...
by plannerman
Thu Jul 21, 2016 6:59 am
Forum: Personal Finance (Not Investing)
Topic: Help With Picking Job Title at Startup
Replies: 36
Views: 2629

Re: Help With Picking Job Title at Startup

How about "Managing Director"
by plannerman
Mon Jul 11, 2016 5:44 pm
Forum: Personal Finance (Not Investing)
Topic: Real career path for a 23 yr old with no college degree
Replies: 50
Views: 5508

Re: Real career path for a 23 yr old with no college degree

Sounds a lot like our son. He struggled at school, but managed to graduate HS. He went on to a two-year vocational school and worked in construction for while. He didn't have good fine-motor skills and couldn't read blueprints very well, so he ended up as the crew gofer and site clean up person. But...
by plannerman
Wed Jul 06, 2016 7:33 am
Forum: Personal Consumer Issues
Topic: Experience with AT&T U-verse?
Replies: 19
Views: 1650

Re: Experience with AT&T U-verse?

We recently switched from AT&T POTS plus DSL to ATT U-verse VOIP plus Internet. Because we are about 1-mile from the fiber termination, the highest speed I could get was 3 mbs--the same as we had with DSL. The biggest difference is the price is about half of what we were paying before. I can't t...
by plannerman
Mon Jul 04, 2016 5:43 pm
Forum: Personal Consumer Issues
Topic: Your Favorite Factory Tours?
Replies: 70
Views: 4928

Re: Your Favorite Factory Tours?

Sierra Nevada brewery in Asheville NC
BMW assembly plant in Greer SC
The NY Stock Exchange--back in the day when it was relevant.

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