Search found 407 matches

by susa
Tue Apr 24, 2018 9:07 pm
Forum: Personal Finance (Not Investing)
Topic: [Vanguard account locked out due to deceased owner]
Replies: 65
Views: 3851

Re: [Vanguard account locked out due to deceased owner]

Question for future reference.. We have signed and notarized a full control-full access among 3 persons to all accounts held individually by each of these 3 persons. That means, VG allows any one of 3 user logons to be used to BOTH see and execute trades, buy, sell, exchange by any of the 3 in any o...
by susa
Sun Apr 22, 2018 1:06 pm
Forum: Personal Finance (Not Investing)
Topic: What is a good flat rate cash back credit card?
Replies: 77
Views: 6346

Re: What is a good flat rate cash back credit card?

The regular Bank of America Cash Rewards card with $100k at M-E. ....keep an account around with nothing in it and use it solely for collecting rewards and moving them to wherever you actually want the money. Is there a M-E savings account that earns 2.00% interest, similar to https://www.populardi...
by susa
Mon Apr 16, 2018 2:33 pm
Forum: Personal Finance (Not Investing)
Topic: Best High Interest Savings Account?
Replies: 20
Views: 1776

Re: Best High Interest Savings Account?

Popular Direct 2.00% on savings starting at 5k -- we just moved from CIT Bank 1.75% and previously from Able Bank 1.70%

Rates are higher for CD's

https://www.populardirect.com/

https://www.doctorofcredit.com/best-ban ... t-bonuses/
by susa
Thu Apr 12, 2018 6:15 am
Forum: Personal Finance (Not Investing)
Topic: Live Oak Bank - anyone have experience?
Replies: 10
Views: 1294

Re: Live Oak Bank - anyone have experience?

We just moved bulk of our savings into Popular Direct paying 2.00% APY

Previously at CIT Bank Money Market Savings which paid 1.75% APY

Reading this resource monthly or weekly
https://www.doctorofcredit.com/best-ban ... t-bonuses/
by susa
Tue Apr 03, 2018 1:43 pm
Forum: Personal Finance (Not Investing)
Topic: No will. What happens to my accounts if I die?
Replies: 34
Views: 2749

Re: No will. What happens to my accounts if I die?

robert27 wrote: So if I die tomorrow, how would they know where to find them?
Use Google Death
by susa
Wed Mar 21, 2018 3:28 pm
Forum: Personal Finance (Not Investing)
Topic: Delayed credit card alerts from USAA Bank
Replies: 3
Views: 306

Re: Delayed credit card alerts from USAA Bank

Bank of America is not much better, except on the business/corporate card. Example: 1. BOA Business Visa alerts releases a message (text or email) the moment the charge posts as Pending or is authorized. That is great for detecting fraud or unauthorized use of card. 2. BOA Premium Rewards Visa alert...
by susa
Tue Mar 13, 2018 10:20 am
Forum: Personal Finance (Not Investing)
Topic: High Yield Savings Account Recommendations?
Replies: 48
Views: 4051

Re: High Yield Savings Account Recommendations?

CIT Bank is 1.75% as of March 2018.
by susa
Fri Feb 16, 2018 1:50 pm
Forum: Personal Finance (Not Investing)
Topic: Bank Bonus and Tax reporting
Replies: 9
Views: 766

Re: Bank Bonus and Tax reporting

If you have not received more than $300.00 not reporting summary is required Something is wrong in the sentence - is this actually what the response states in writing ? FWIW - TD Bank appears to not report 1099-INT's in a manner consistent with other banks.. if you received the 300, report it as in...
by susa
Sat Jan 20, 2018 5:47 pm
Forum: Personal Finance (Not Investing)
Topic: Form 1099-R IRA/SEP/SIMPLE box affecting refund
Replies: 52
Views: 2356

Re: Form 1099-R IRA/SEP/SIMPLE box affecting refund

But somewhere in the process you are telling the software that this is a conversion, correct? Just did our 2017 taxes using as only source/proof of income a Vanguard 1099-R and Code for Box 7 = 07. HR Block 2017 Deluxe did not ask me if we did a conversion when moving funds from a T-IRA to a Roth I...
by susa
Sat Jan 13, 2018 10:53 am
Forum: Personal Finance (Not Investing)
Topic: Roth conversion confusion
Replies: 28
Views: 1328

Re: Roth conversion confusion

I am converting my T-IRA to Roth because I do not want RMD's. // Can I do a conversion to Roth in 2019 for the remaining balance of the T-IRA in order to avoid having to ever take RMD? As I understand your question, here is a simplified example of your T-IRA balances by year Let's assume you have 5...
by susa
Thu Jan 11, 2018 3:12 pm
Forum: Personal Finance (Not Investing)
Topic: Select account Preimeraccount not FDIC covered
Replies: 8
Views: 444

Re: Select account Preimeraccount not FDIC covered

Our HSA is with connexuscu.org, pays 2.00%
by susa
Fri Dec 22, 2017 11:43 am
Forum: Personal Finance (Not Investing)
Topic: ACA MAGI planning
Replies: 57
Views: 5396

Re: ACA MAGI planning

If you get real sick it will cost you (in my case) about $7k before I reach the maximums. No specifically a reply to mrgeeze but just to capture an often misunderstood point on "reaching maximums" Recently, an aquaintance met their family deductible max. They mistakenly thought, great, after this, ...
by susa
Tue Dec 05, 2017 9:24 pm
Forum: Personal Finance (Not Investing)
Topic: Input on HSA Providers
Replies: 4
Views: 486

Re: Input on HSA Providers

We moved recently from Health Equity to https://www.connexuscu.org/rates/#deposit
Currently paying 2% on entire balance
by susa
Fri Dec 01, 2017 11:11 am
Forum: Personal Finance (Not Investing)
Topic: Former Employer refusing to contribute earned Wellness Rewards
Replies: 6
Views: 1143

Re: Former Employer refusing to contribute earned Wellness Rewards

American Express used to do that to their ex-employee Wellness Rewards and their attitude when queried by their former employees was summarized as ..Go pound some Sand....
by susa
Thu Nov 30, 2017 10:42 am
Forum: Personal Finance (Not Investing)
Topic: Taxes in Retirement [ways to forecast]
Replies: 30
Views: 3175

Re: Taxes in Retirement [ways to forecast]

ad2007 wrote: We're most likely pass on inheritance to our 2 children. So... passing on a Roth is better, yes?
Thus the whole conversion idea.
Have you ruled out gifting money directly ? There is no tax consequence and the lifetime taxfree limits are generous.

Both of you can make lifetime gifts.
by susa
Wed Nov 29, 2017 9:19 am
Forum: Personal Finance (Not Investing)
Topic: Why not take Social Security at 62
Replies: 334
Views: 28779

Re: Why not take Social Security at 62

.. for married couples who depend largely on Social Security rather than their own assets, the worst case is for one spouse to die early in retirement and the other to live a long time with only one Social Security benefit. What happens in these scenarios: Assumptions: Difference between survivor b...
by susa
Sun Nov 26, 2017 9:13 am
Forum: Personal Finance (Not Investing)
Topic: Why not take Social Security at 62
Replies: 334
Views: 28779

Re: Why not take Social Security at 62

When you buy Insurance, do you calculate a break-even for payout of same ?

https://youtu.be/aypdW_EUXOs
by susa
Sat Nov 25, 2017 10:16 am
Forum: Personal Finance (Not Investing)
Topic: H&R Block Software
Replies: 131
Views: 12547

Re: H&R Block Software

Optmst wrote: ..H&R Block Tax Software Deluxe 2017 (without state) for $19.11 (link below, select PC download).
Done. Thank you.
by susa
Thu Nov 16, 2017 8:28 am
Forum: Personal Finance (Not Investing)
Topic: Form 5498 or 1099R (IRA to Roth Conversion)
Replies: 40
Views: 2377

Re: Form 5498 or 1099R (IRA to Roth Conversion)

And if that person has any other traditional IRA and if there is any basis (already taxed money - usually non-deductible contributions) Not applicable in our case. The money could have simply been rolled/converted from the 401k directly to Roth IRA. Why do they suggest inserting the SIMPLE IRA? We ...
by susa
Thu Nov 16, 2017 8:01 am
Forum: Personal Finance (Not Investing)
Topic: Form 5498 or 1099R (IRA to Roth Conversion)
Replies: 40
Views: 2377

Re: Form 5498 or 1099R (IRA to Roth Conversion)

My sense is that a vanilla 401k such as mine is not a 'deemed IRA', but how does one tell for sure? My directions from the custodian(s) of our 401k and IRA accounts are to 1st move 401k into a Simple IRA (setup separately from any existing IRA accounts), then move funds from the newly minted IRA to...
by susa
Thu Nov 16, 2017 7:54 am
Forum: Personal Finance (Not Investing)
Topic: Form 5498 or 1099R (IRA to Roth Conversion)
Replies: 40
Views: 2377

Re: Form 5498 or 1099R (IRA to Roth Conversion)

.. we converted between two accounts at Vanguard ... You mention 2 accounts. If you converted some from one person's account and some from another person's account, it will require two Forms 8606 - one for each person. Sorry, should have been more precise. Literally we had one(1) Source account of ...
by susa
Tue Nov 14, 2017 9:59 am
Forum: Personal Finance (Not Investing)
Topic: Form 5498 or 1099R (IRA to Roth Conversion)
Replies: 40
Views: 2377

Re: Form 5498 or 1099R (IRA to Roth Conversion)

Chip wrote: The only lines you have to fill in on the 8606 are Line 16 and Line 18.
That sounds very easy, thank you.

What about lines 8 and 11?
MarkNYC wrote:...lines 8 and 11 will indicate that a conversion took place..
by susa
Tue Nov 14, 2017 9:50 am
Forum: Personal Finance (Not Investing)
Topic: H&R Block Software
Replies: 131
Views: 12547

Re: H&R Block Software

nickjoy wrote: It's a federally required program. Go to the IRS website Jan-APR of next year and you'll see links to the free-file program.
Does the IRS website have a download link similar to H&R Block/Amazon or do you 1st have to create an identity, ie. an email address?
by susa
Tue Nov 14, 2017 8:52 am
Forum: Personal Finance (Not Investing)
Topic: Form 5498 or 1099R (IRA to Roth Conversion)
Replies: 40
Views: 2377

Re: Form 5498 or 1099R (IRA to Roth Conversion)

I confess to reading just now the Form 8606 Instructions ( 2016 version online today ) and NOT fully understanding them. On one hand several directions are given but exceptions nullify them with directions to leave boxes empty. As a rough oversimplification, as we have otherwise no income, only that...
by susa
Mon Nov 13, 2017 11:26 am
Forum: Personal Finance (Not Investing)
Topic: Form 5498 or 1099R (IRA to Roth Conversion)
Replies: 40
Views: 2377

Re: Form 5498 or 1099R (IRA to Roth Conversion)

.. people with the CP2000s had filed an 8606 with Lines 13-15 showing that the distribution wasn't taxable, but left 16-18 (showing that it was a Roth conversion) blank. So I surmise that in Jan-Feb 2018 by whichever method (pencil,ink,software) of doing our return(s), we must include & submit a Fo...
by susa
Mon Nov 13, 2017 11:18 am
Forum: Personal Finance (Not Investing)
Topic: H&R Block Software
Replies: 131
Views: 12547

Re: H&R Block Software

nickjoy wrote: If you make under 60K a year, you can use H&R block, Tax Slayer, and a couple other program for absolutely free. You get the equivalent of their deluxe or premier package.
How ?
by susa
Mon Nov 13, 2017 6:15 am
Forum: Personal Finance (Not Investing)
Topic: Form 5498 or 1099R (IRA to Roth Conversion)
Replies: 40
Views: 2377

Re: Form 5498 or 1099R (IRA to Roth Conversion)

The 1099R is not delayed, only the 5498. And all custodians file their 5498 in May, not just Vanguard. You report your contributions as usual based on what you have contributed for the tax year We make no contributions, only conversions as we have no income.... but the principle is the same with co...
by susa
Sun Nov 12, 2017 11:49 am
Forum: Personal Finance (Not Investing)
Topic: When nothing but 1099(x) to file for Tax Return (easy method)
Replies: 0
Views: 204

When nothing but 1099(x) to file for Tax Return (easy method)

H&R Block sent our multiple times this offer last week https://s7.postimg.org/41wyqr1az/2017-11-12_11-42-34.jpg In our case, I've enjoyed using it for years when we(MFJ, 60+, no income, no SS and never plan to file) had income (W2, 401k & IRA & HSA deductions etc). For the next 10 years, we will not...
by susa
Sun Nov 12, 2017 10:47 am
Forum: Personal Finance (Not Investing)
Topic: Form 5498 or 1099R (IRA to Roth Conversion)
Replies: 40
Views: 2377

Form 5498 or 1099R (IRA to Roth Conversion)

Does this Forbes article present a problem in the way Vanguard times the sending of the needed forms to IRS ? Does the sending out of Vanguard forms from IRA to Roth conversions delay your IRS return(s), that is, the "late sending" ? Or, do you simply use your own numbers from the Confirmation email...
by susa
Fri Nov 10, 2017 4:04 pm
Forum: Personal Finance (Not Investing)
Topic: APY Bump [Annual Percentage Yield - online savings bank]
Replies: 7
Views: 665

Re: APY Bump

Northpointe pays 1.5% up to 100k ... balance between 25k and 100k

https://www.northpointe.com/ultimate-money-market/
by susa
Wed Nov 08, 2017 8:07 am
Forum: Personal Finance (Not Investing)
Topic: Eye Doctor $30 to get your Rx? Is this normal?
Replies: 78
Views: 6158

Re: Eye Doctor $30 to get your Rx? Is this normal?

I see an optometrist and an opthalmologist in the same large practice... Seems to me the problem here was that your wife saw a doctor who was not in your vision plan's network, right? To add to your fine analysis, the fine point that both optometric physicians (OD) and ophthalmologist (MD) are lice...
by susa
Wed Nov 08, 2017 7:56 am
Forum: Personal Finance (Not Investing)
Topic: Eye Doctor $30 to get your Rx? Is this normal?
Replies: 78
Views: 6158

Re: Eye Doctor $30 to get your Rx? Is this normal?

(1) .. She received her full eye exam (2) ...After the exam, and with eyes dilated So, at least one or perhaps two professionals were engaged in service, spent time to perform a full examination and used at least some time and materials in their service. They are not unpaid charity volunteers. Your...
by susa
Tue Nov 07, 2017 10:24 am
Forum: Personal Finance (Not Investing)
Topic: ACA MAGI planning
Replies: 57
Views: 5396

Re: ACA MAGI planning

bberris wrote: I agree Willilift. Roth conversions are not very attractive while on ACA, even staying off the cliff.
We've enjoyed converting tax free (0% tax) IRA to Roth while on ACA, now 3rd year. Will continue for the next several years as prevailing law permits or until changes effected.
by susa
Sun Oct 29, 2017 7:20 am
Forum: Personal Finance (Not Investing)
Topic: Ally Bank - Savings Account Rate Increased!
Replies: 94
Views: 16601

Re: Ally Bank - Savings Account Rate Increased!

Munir wrote: Which is the redneck bank?
http://bfy.tw/EjpG
by susa
Sat Oct 28, 2017 7:15 am
Forum: Personal Finance (Not Investing)
Topic: Ally Bank - Savings Account Rate Increased!
Replies: 94
Views: 16601

Re: Ally Bank - Savings Account Rate Increased!

,.,and CIT Bank pays 1.35% up to 250,000.00 balance
by susa
Fri Oct 27, 2017 1:44 pm
Forum: Personal Finance (Not Investing)
Topic: 2018 ACA rates now live....
Replies: 228
Views: 16996

Re: 2018 ACA rates now live....

For the "mockup" for 2018 enrollment, is that a mock-up of 2017 filing or for 2018? Asking as my 2017 is what will show more income than I expect for next year. Or are you mocking up how 2018 will look? Thanks When you file for ACA, you always file "for the next year". Thus, you are estimating what...
by susa
Fri Oct 27, 2017 1:34 pm
Forum: Personal Finance (Not Investing)
Topic: 2018 ACA rates now live....
Replies: 228
Views: 16996

Re: 2018 ACA rates now live....

dm200 wrote: No retirement income at all? Is there a disability involved? If so, what about SSDI or SSI?
None. Quite healthy. No plan to ever use SS at any age.
by susa
Fri Oct 27, 2017 1:33 pm
Forum: Personal Finance (Not Investing)
Topic: 2018 ACA rates now live....
Replies: 228
Views: 16996

Re: 2018 ACA rates now live....

If you have MAGI under $23,500 or so (as a couple), you should be looking at Medicaid, not ObamaCare. Not available. It does not matter, we simply use ACA to keep within the law but use none of it's services. When and if we need a physician, we pay cash and use our own doctors. Oklahoma Surgery cen...
by susa
Fri Oct 27, 2017 10:06 am
Forum: Personal Finance (Not Investing)
Topic: Retirement Account Stolen by Identity theft
Replies: 392
Views: 62179

Re: Retirement Account Stolen by Identity theft

Too late to help OP situation but we instituted few years ago a "family wide heads-up email policy". It is too long to elaborate here but one feature of it is to use a single UNIQUE email address WITH EACH bank/financial institution/insurance company/utility,electric,phone,internet etc Why ? Because...
by susa
Fri Oct 27, 2017 9:50 am
Forum: Personal Finance (Not Investing)
Topic: 2018 ACA rates now live....
Replies: 228
Views: 16996

Re: 2018 ACA rates now live....

Looking for input - 2nd year with living with ACA. Retired and have no expected income other than some dividends that spit off from investments and a small required distribution from 401K supplemental plan. ..snip.. Looking for input as to what I use as MAGI estimate for 2018 for ACA. Here's what w...
by susa
Fri Oct 27, 2017 9:40 am
Forum: Personal Finance (Not Investing)
Topic: 2018 ACA rates now live....
Replies: 228
Views: 16996

Re: 2018 ACA rates now live....

If you get a quote for a silver plan off of the exchange, you will find a much lower price. ..snip.... If you are not receiving a subsidy, just but the silver plan off of the exchange. So we explored this option. It would cost us (MFJ, 60+, retired) over 2500/mo to buy just about anything off the e...
by susa
Wed Oct 25, 2017 1:46 pm
Forum: Personal Finance (Not Investing)
Topic: 2018 ACA rates now live....
Replies: 228
Views: 16996

Re: 2018 ACA rates now live....

Our Blue Cross Blue Shield - Silver plan costs go down 25%, new premium is about $31/mo for 2 persons while all other limits and deductibles are same. Subsidy is about $1800/mo.

Very nice indeed !
by susa
Fri Sep 29, 2017 8:25 pm
Forum: Personal Finance (Not Investing)
Topic: Termination of Trust
Replies: 8
Views: 635

Re: Termination of Trust

If this was a revocable inter vivos trust the trustee would only need receipts and releases from all beneficiaries to complete the trust administration. If this was a testamentary trust, it is similar except the trustee normally receives a discharge from the court. The executor has nothing to do wi...
by susa
Fri Sep 29, 2017 7:21 pm
Forum: Personal Finance (Not Investing)
Topic: Termination of Trust
Replies: 8
Views: 635

Termination of Trust

As far as I understand it, a trust terminates if/when it runs out of property. Once all assets have been disbursed per trust/will documentation, does the executor have to file some kind of formal "Termination of trust" document ? Trust grantor is deceased and all property in the trust has been sold ...