Search found 646 matches

by plannerman
Thu Nov 30, 2017 6:17 pm
Forum: Personal Finance (Not Investing)
Topic: Deductible Expenses Paid by Credit Card--Timing
Replies: 6
Views: 528

Re: Deductible Expenses Paid by Credit Card--Timing

Thanks--Pub 17, I'm suitably embarrassed.

Steve
by plannerman
Thu Nov 30, 2017 7:15 am
Forum: Personal Finance (Not Investing)
Topic: Deductible Expenses Paid by Credit Card--Timing
Replies: 6
Views: 528

Deductible Expenses Paid by Credit Card--Timing

I have large, deductible medical expenses incurred in 2017 that I would like to pay with a credit card in 2017. The credit card payment is due and will not be paid until 2018. I did a quick google search and the consensus is that this expense is deductible on my 2017 tax return. Can anyone point me ...
by plannerman
Tue Nov 21, 2017 8:34 am
Forum: Investing - Theory, News & General
Topic: Liability Matching Portfolio? Really?
Replies: 104
Views: 16449

Re: Liability Matching Portfolio? Really?

Hi plannerman, I like this approach. I am planning to do similar thing. Do you include the TIPS ladder amount as part of fixed income when you calculate the target asset allocation. Or the target asset allocation is aside from the TIPS ladder bucket. Now that this post is relatively old. Have you m...
by plannerman
Mon Nov 13, 2017 9:47 am
Forum: Personal Finance (Not Investing)
Topic: IRA and 401K Required Mandatory Distribution (RMD)
Replies: 3
Views: 340

Re: IRA and 401K Required Mandatory Distribution (RMD)

I hope you meant RMDs plural. One from each 401(k) and at least one from all IRAs.

plannerman
by plannerman
Wed Nov 08, 2017 8:38 am
Forum: Personal Consumer Issues
Topic: Questions about durable power of attorney in PA
Replies: 3
Views: 425

Re: Questions about durable power of attorney in PA

I believe most states have statutory, fill-in-the-blanks, POA forms, Just google it you will get plenty of hits.

plannerman
by plannerman
Sun Nov 05, 2017 9:41 am
Forum: Personal Finance (Not Investing)
Topic: Trade QUICKEN for Spreadsheet
Replies: 28
Views: 1956

Re: Trade QUICKEN for Spreadsheet

LadyGeek wrote:
Sun Nov 05, 2017 9:36 am
I've switched to Moneydance. It works on Windows, Linux, and Mac. While I don't own a Mac, I can confirm that it works fine across Windows and Linux.
+1

plannerman
by plannerman
Sat Nov 04, 2017 9:40 am
Forum: Personal Consumer Issues
Topic: GoDaddy - Any better options for website hosting?
Replies: 69
Views: 6734

Re: GoDaddy - Any better options for website hosting?

This is a timely post for me. I am the default (I don't know nuthing but it's more than other members know) website administrator for a small non profit social club. I am in the process of updating our website. The developer I use hosts the website (I least I pay him to). He has changed his business...
by plannerman
Mon Oct 16, 2017 10:08 am
Forum: Personal Finance (Not Investing)
Topic: Medicare Advantage vs. Supplemental
Replies: 58
Views: 4200

Re: Medicare Advantage vs. Supplemental

Here in Western NC, the largest insurer in the state, BCBS NC, and the largest hospital system, Mission, have had a falling out--the hospital is no longer in network for BCBS. As I understand it, this does not affect traditional Medicare/Medigap patients but does affect those with BCBS Medicare Adva...
by plannerman
Sun Aug 27, 2017 9:52 am
Forum: Personal Finance (Not Investing)
Topic: Self insure vs Medigap when on "traditional" Medicare
Replies: 73
Views: 5121

Re: Self insure vs Medigap when on "traditional" Medicare

We have high deductible Medigap plans. So we self insure for out of pocket costs of up to $2200 each per year. These seems like a more rational solution than self insuring for unlimited medical expenses.

plannerman
by plannerman
Sun Jul 16, 2017 6:20 pm
Forum: Personal Consumer Issues
Topic: Anyone have a second home in The NC mountains?
Replies: 25
Views: 3240

Re: Anyone have a second home in The NC mountains?

I have a house for sale in Flat Rock in a nice gated golf community if you are interested:) Asheville, Flat Rock, Hendersonville and Brevard are all nice towns, but are not the summer destinations for most people trying to escape the oppressive heat of the low country. You should be looking a little...
by plannerman
Sat May 27, 2017 7:47 pm
Forum: Personal Finance (Not Investing)
Topic: New car doc fees
Replies: 42
Views: 3442

Re: New car doc fees

Thanks for the replies. The model I was looking at had incentives, 4000 for cash, 6000 if financed. I could finance as little as 6000 and still be eligible for the 6000. The rate was 4.9% and I was told after 90 days I could pay off the loan with no prepayment penalties. Seems worth it but I have s...
by plannerman
Fri May 19, 2017 7:09 am
Forum: Investing - Theory, News & General
Topic: Request for review of a proposed Wiki article on SIPC protection of mutual funds
Replies: 10
Views: 1088

Re: Request for review of a proposed Wiki article on SIPC protection of mutual funds

Can you provide any (recent) examples where SIPC actually provided protection for investors?

plannerman
by plannerman
Thu Apr 27, 2017 3:36 pm
Forum: Personal Finance (Not Investing)
Topic: CCRC Tax Deduction?
Replies: 14
Views: 1339

Re: CCRC Tax Deduction?

In our case, about $100,000 of the entry fee and about $1,000/mo of the ongoing fee is a qualified medical expense. Whether it is deductible depends on your AGI. plannerman The year the entry fee was paid should generate a medical deduction even with the 10% of AGI floor. Did the facility give you ...
by plannerman
Thu Apr 27, 2017 2:40 pm
Forum: Personal Finance (Not Investing)
Topic: CCRC Tax Deduction?
Replies: 14
Views: 1339

Re: CCRC Tax Deduction?

In our case, about $100,000 of the entry fee and about $1,000/mo of the ongoing fee is a qualified medical expense. Whether it is deductible depends on your AGI.

plannerman
by plannerman
Tue Apr 04, 2017 9:48 am
Forum: Personal Finance (Not Investing)
Topic: Medigap Plan F Increases
Replies: 37
Views: 3200

Re: Medigap Plan F Increases

High deductible Plan F in NC, $432, times two for spouse. Slight decrease from 2016.

plannerman
by plannerman
Thu Mar 30, 2017 8:22 am
Forum: Personal Consumer Issues
Topic: BEHR Premium Deckover
Replies: 12
Views: 2302

Re: BEHR Premium Deckover

I put Deckover on a weathered 17-year old, treated, SYP deck three years ago and it has held up very well. I am extremely pleased with the result. We are in NC, so that might make a difference as well as the preparation.

plannerman
by plannerman
Fri Mar 17, 2017 5:20 am
Forum: Personal Finance (Not Investing)
Topic: Individual 401(k) tax question.
Replies: 7
Views: 685

Re: Individual 401(k) tax question.

Is the converse true? That is, can you use the compensation (earned income in the case of a self employed individual) used for a traditional Individual 401(k) deferral for a Roth IRA contribution? That is really my question. No, as I explained. A traditional pre-tax deferral whether by a self-emplo...
by plannerman
Thu Mar 16, 2017 9:37 pm
Forum: Personal Finance (Not Investing)
Topic: Individual 401(k) tax question.
Replies: 7
Views: 685

Re: Individual 401(k) tax question.

You missed livesoft's first point by focusing on his second point. IRA contributions require compensation. Roth 401k deferrals do not reduce compensation. Therefore, you can still use the compensation used for Roth 401k deferrals to make IRA contributions. This is not just true for the self-employe...
by plannerman
Thu Mar 16, 2017 12:07 pm
Forum: Personal Finance (Not Investing)
Topic: Individual 401(k) tax question.
Replies: 7
Views: 685

Re: Individual 401(k) tax question.

livesoft wrote:I think the answer is Yes, one can double dip.
It's not really double-dipping if one (or one's spouse) has enough income to cover the Roth IRA contribution, too.


No spouse, no other earned income.

planerman
by plannerman
Thu Mar 16, 2017 10:46 am
Forum: Personal Finance (Not Investing)
Topic: Individual 401(k) tax question.
Replies: 7
Views: 685

Individual 401(k) tax question.

This question has been asked here before, but to the best of my knowledge, never answered. When calculating the maximum elective deferrals and employer nonelective contribution amounts to an Individual 401(k) for a self employed individual, does making a Roth IRA contribution effect either of those ...
by plannerman
Sat Mar 11, 2017 7:11 am
Forum: Personal Finance (Not Investing)
Topic: Taxation of Irrevocable Trust Income
Replies: 44
Views: 2786

Re: Taxation of Irrevocable Trust Income

Most states have adopted some form of the Uniform Prudent Investor Act (UPIA). At the risk of oversimplifying, the UPIA specifies what fiduciaries need to do to manage trust assets. I suggest all trustees should be generally familiar with the provisions of the specific statute adopted by the state w...
by plannerman
Fri Mar 10, 2017 10:06 am
Forum: Personal Finance (Not Investing)
Topic: Taxation of Irrevocable Trust Income
Replies: 44
Views: 2786

Re: Taxation of Irrevocable Trust Income

Gill,

Thanks, you gave a lot to think about.

plannermn
by plannerman
Thu Mar 09, 2017 1:04 pm
Forum: Personal Finance (Not Investing)
Topic: Taxation of Irrevocable Trust Income
Replies: 44
Views: 2786

Re: Taxation of Irrevocable Trust Income

... I am the trustee of a trust resident in a state which has adopted the 1997 version of the Uniform Principal and Income Act (UPIA). In this trust the income beneficiary is also the remainderman. The trust states that the income is to be distributed annually to the beneficiary and 50% of the prin...
by plannerman
Thu Mar 09, 2017 8:59 am
Forum: Investing - Theory, News & General
Topic: Rekenthaler: My Asset Allocation
Replies: 21
Views: 2589

Re: Rekenthaler: My Asset Allocation

It will be interesting to see what, if any, his glide path is as he approaches decumulation in retirement.

plannerman
by plannerman
Thu Mar 09, 2017 8:07 am
Forum: Personal Finance (Not Investing)
Topic: Taxation of Irrevocable Trust Income
Replies: 44
Views: 2786

Re: Taxation of Irrevocable Trust Income

You can't do this if the trust mandates current income distribution. The trust instrument must give the trustee power to accumulate income for you to do this. Gill Gill, I have a couple of questions about the above statement I'm hoping you can help me sort out. I am the trustee of a trust resident ...
by plannerman
Mon Feb 27, 2017 6:07 pm
Forum: Personal Finance (Not Investing)
Topic: Questions about Medicare Part D cost estimates
Replies: 10
Views: 1106

Re: Questions about Medicare Part D cost estimates

Are you sure you are looking at the right numbers? The coverage gap in 2016 started at $3,310 and ended at $4,850. Also the coverage gap is based on what your dad and the drug company spent on the drugs not on just his out of pocket costs. From the Medicare website: "Items that count towards th...
by plannerman
Wed Feb 22, 2017 6:10 pm
Forum: Personal Consumer Issues
Topic: Dishwasher suggestions. LG Quad Wash vs???
Replies: 43
Views: 4165

Re: Dishwasher suggestions. LG Quad Wash vs???

Bought a LG dishwasher a couple of months ago because it was the only one that would fit. I'll spare you the long story. Pros--very quiet and gets our dishes clean with a very short cycle. Cons--no heated drying cycle, which isn't as bad as it sounds particularly if you let the dishes sit over night...
by plannerman
Fri Feb 10, 2017 10:11 am
Forum: Investing - Theory, News & General
Topic: How a Banker or Insurance Company Thinks of an Insurance Annuity - SPIA
Replies: 6
Views: 754

Re: How a Banker or Insurance Company Thinks of an Insurance Annuity - SPIA

+1 Good read. I'm surprised he didn't mention that the insurance companies use a different (less favorable) actuarial table than Social Security does.


plannerman
by plannerman
Sat Feb 04, 2017 2:26 pm
Forum: Investing - Theory, News & General
Topic: Tax Deferred Annuities. Larry, Rick and everyone else: is there any real role for them?
Replies: 29
Views: 2565

Re: Tax Deferred Annuities. Larry, Rick and everyone else: is there any real role for them?

Perhaps the best way to invest in variable annuities is to buy stock in the insurance companies that sell them. At least that way you are on the winning side of the transaction. NOT a good idea. I wanted to mimick a PERs plan. Most states have tremendous pension liability. Many insurance companies ...
by plannerman
Sat Feb 04, 2017 9:33 am
Forum: Investing - Theory, News & General
Topic: Tax Deferred Annuities. Larry, Rick and everyone else: is there any real role for them?
Replies: 29
Views: 2565

Re: Tax Deferred Annuities. Larry, Rick and everyone else: is there any real role for them?

Here is an old article by Jonathan Clements on when one might want to use a variable annuity https://www.wsj.com/articles/SB979392353520038995.

One reason I remember it was because he is one of the few "good guys" to ever recommend them.

plannerman
by plannerman
Sat Feb 04, 2017 9:09 am
Forum: Personal Finance (Not Investing)
Topic: Solo 401(k) purely to receive rollovers?
Replies: 21
Views: 1950

Re: Solo 401(k) purely to receive rollovers?

...What's more, if the sole proprietorship goes away (that is the individual ceases to be operating a legitimate business) then the plan needs to go away too. Does this mean if a sole proprietor decides to shut down his or her business and retire at say age 50, they have to terminate their retireme...
by plannerman
Fri Feb 03, 2017 9:31 am
Forum: Investing - Theory, News & General
Topic: how big an impact is survivorship bias- I answer that question
Replies: 16
Views: 2331

Re: how big an impact is survivorship bias- I answer that question

Just out of curiosity, were all the funds that disappeared actively managed funds? If not how many were index funds? There were, and still are, index funds which underperform because of high fees.

plannerman
by plannerman
Fri Feb 03, 2017 9:24 am
Forum: Investing - Theory, News & General
Topic: how big an impact is survivorship bias- I answer that question
Replies: 16
Views: 2331

Re: how big an impact is survivorship bias- I answer that question

I, for one, find the absolute number of funds that disappeared, just since 2002, astounding.

plannerman
by plannerman
Sat Jan 28, 2017 11:13 am
Forum: Investing - Theory, News & General
Topic: Is rebalancing bunk?
Replies: 51
Views: 4049

Re: Is rebalancing bunk?

I rebalance primarily to control risk. Which means, in "normal" times, selling equities and buying fixed income. However, those of us who rebalanced from fixed income into equities in 2008 and 2009, which by-the-way was one of the more difficult things I have done in a lifetime of investin...
by plannerman
Sat Jan 21, 2017 3:28 pm
Forum: Investing - Theory, News & General
Topic: Vanguard 1099s available - Other companies just as good for sending 1099s???
Replies: 63
Views: 6802

Re: Vanguard 1099s available - Other companies just as good for sending 1099s???

Be advised that if you own the REIT index fund in a taxable account, it is not included in your 1099-DIV yet.

plannerman
by plannerman
Fri Jan 20, 2017 9:16 am
Forum: Personal Finance (Not Investing)
Topic: Convincing spouse to sell losing investment
Replies: 58
Views: 5366

Re: Convincing spouse to sell losing investment

I have been through this, and what worked for me was to encourage the reluctant party to initially sell just a very small percentage of the position. Once the ice was broken it became easier and easier for them to part with the asset. Think baby steps.

plannerman
by plannerman
Tue Jan 17, 2017 7:27 am
Forum: Personal Finance (Not Investing)
Topic: Inheritance and Trusts
Replies: 6
Views: 1143

Re: Inheritance and Trusts

I am in the process of setting up a will. Details on me Self: 32, Wife: 29 State: GA Children: son, 16 months Currently, all my retirement, IRA, taxable, and life insurance have beneficiary as my wife and secondary as my son. In my will, I am looking to do two things. First, if something happens to...
by plannerman
Wed Jan 11, 2017 6:20 am
Forum: Investing - Theory, News & General
Topic: "Yield surge: Remember the real role of bonds"
Replies: 50
Views: 7125

Re: "Yield surge: Remember the real role of bonds"

Kevin, Thanks for your analysis on this. I, for one, found it very illuminating. I'm retired and do liability matching out to about 10-years. Looking at these historical negative real returns for Treasury bills and notes, really drives home the importance of usings TIPs, rather than nominal FI secur...
by plannerman
Sun Jan 08, 2017 4:52 pm
Forum: Investing - Theory, News & General
Topic: "Yield surge: Remember the real role of bonds"
Replies: 50
Views: 7125

Re: "Yield surge: Remember the real role of bonds"

These gains look impressive, but isn't it necessary to deflate to reflect inflation, which is probably what would cause rates to change so dramatically? +1 Nisi, how about ploting this in real dollars? plannerman Not Nisi, and no plot, but using the data from our backtesting spreadsheet, the worst ...
by plannerman
Sun Jan 08, 2017 9:36 am
Forum: Investing - Theory, News & General
Topic: The Argument for More Stocks in Retirement
Replies: 166
Views: 15018

Re: The Argument for More Stocks in Retirement

I suggest everyone interested in this topic take the time to watch the interview with Gene Fama referenced in this post.
viewtopic.php?f=10&t=207562
See what a Noble laureate says on the subject.

plannerman
by plannerman
Sun Jan 08, 2017 9:18 am
Forum: Investing - Theory, News & General
Topic: "Yield surge: Remember the real role of bonds"
Replies: 50
Views: 7125

Re: "Yield surge: Remember the real role of bonds"

frugalecon wrote:
nisiprius wrote:
RAchip wrote:
These gains look impressive, but isn't it necessary to deflate to reflect inflation, which is probably what would cause rates to change so dramatically?


+1 Nisi, how about ploting this in real dollars?

plannerman
by plannerman
Sat Jan 07, 2017 12:04 pm
Forum: Personal Finance (Not Investing)
Topic: How many $ to self fund long term care?
Replies: 73
Views: 6595

Re: How many $ to self fund long term care?

I was curious about the Boglehead community and what number the "self funders" are plannng to put aside for their possible long term care. I'd like to comment on a totally different approach to this issue. I am not suggesting you should do it, but it is an alternative you may not have con...
by plannerman
Sat Jan 07, 2017 10:49 am
Forum: Investing - Theory, News & General
Topic: Fama interview
Replies: 3
Views: 998

Re: Fama interview

Absolutely fascinating!
by plannerman
Thu Jan 05, 2017 7:31 am
Forum: Personal Finance (Not Investing)
Topic: Establishing an irrevocable trust
Replies: 2
Views: 594

Re: Establishing an irrevocable trust

I'm familiar with 529 plans and have already set this up for our kids and super-funded them and I'm now trying to understand more about how to go about establishing Crummey Trusts and if makes sense or is not worth the hassle. 1) My key question is if the trustee needs to be someone other than a pa...
by plannerman
Mon Jan 02, 2017 10:15 am
Forum: Investing - Theory, News & General
Topic: Vanguard Incorrectly Reporting TIPs Performance
Replies: 0
Views: 325

Vanguard Incorrectly Reporting TIPs Performance

As those of you owning individual TIPs may recall, last January Vanguard incorrectly calculated the interest payments and individual bond inflation adjusted values. They went through a series of corrections that I have yet to completely figure out. This weekend I was trying to rationalize why Vangua...
by plannerman
Fri Dec 30, 2016 8:45 am
Forum: Personal Finance (Not Investing)
Topic: Question about trusts & estate
Replies: 40
Views: 4240

Re: Question about trusts & estate

If I understand what's going on here, all your father's assets will go to your mother rather than being in a trust with you (and your wife if you predecease her) as the beneficiaries. Have you considered the possibility that your mother remarries and then decides to leave everything to her new secon...
by plannerman
Fri Dec 30, 2016 8:03 am
Forum: Personal Finance (Not Investing)
Topic: Vanguard inherited annuity -- pay tax for it in 2016 or 2017
Replies: 8
Views: 776

Re: Vanguard inherited annuity -- pay tax for it in 2016 or 2017

You might want to google "Constructive Receipt doctrine"

plannerman
by plannerman
Thu Dec 29, 2016 11:38 am
Forum: Investing - Theory, News & General
Topic: 100% TIPS and 0% in Nominal Bonds?
Replies: 168
Views: 11132

Re: 100% TIPS and 0% in Nominal Bonds?

So where did you get the money to buy more TIPS? I was buying equities with whatever money I could scrounge. There was nothing left to buy TIPS at firesale prices. I was also buying equities at that time. I liquidated my allocation to HY and foreign bonds and cut my allocated to corporate bonds in ...