Search found 1425 matches

by ubermax
Mon Jun 18, 2018 10:01 am
Forum: Personal Finance (Not Investing)
Topic: Tracking spending before retirement useful for estimating retirement expenses?
Replies: 72
Views: 3992

Re: Tracking spending before retirement useful for estimating retirement expenses?

For people who have already made the transition, does your expenses in retirement resemble that during the years leading up to retirement? If so, is that a coincidence, or is it because you are essentially doing the same things as before? For us it was a starting point of a budget and it gets tweak...
by ubermax
Thu Jun 07, 2018 9:44 am
Forum: Personal Consumer Issues
Topic: Tires: Where to Get? Warranty? And Questions?
Replies: 74
Views: 6022

Re: Tires: Where to Get? Warranty? And Questions?

I've been happy with TireRack & the fact that a distribution center is nearby is a bonus .
by ubermax
Mon Apr 30, 2018 3:14 pm
Forum: Personal Finance (Not Investing)
Topic: New Car: Ever make sense to lease?
Replies: 140
Views: 13836

Re: New Car: Ever make sense to lease?

Most important aspect of a lease is the money factor and residual value. the money factor impacts the finance charge and the residual ,selling price , and term determine the depreciation charge ; currently money factors are very small and the depreciation charge takes the lion's share of the monthl...
by ubermax
Sun Apr 29, 2018 3:36 pm
Forum: Personal Finance (Not Investing)
Topic: How do you fund spending in retirement
Replies: 26
Views: 3213

Re: How do you fund spending in retirement

All inflows from SS , pension , and retirement accounts (RMDs) go into a savings account at local bank - each inflow is apportioned via spreadsheet into 16 expense buckets , 15 specific and 1 gets the leftover after the other 15 are filed , we call it our "discretionary" bucket ; unfortunately we're...
by ubermax
Sun Apr 29, 2018 12:44 pm
Forum: Personal Finance (Not Investing)
Topic: New Car: Ever make sense to lease?
Replies: 140
Views: 13836

Re: New Car: Ever make sense to lease?

I also think leasing can make sense for retired people who want to view lease payments as being similar to just another utility bill in their monthly budget - it's hard to make a financial argument either way , lease or buy , because an accurate residual value is hard to determine prospectively - I ...
by ubermax
Sun Apr 29, 2018 12:21 pm
Forum: Personal Finance (Not Investing)
Topic: Standard deduction on federal return and itemized deduction on state return?
Replies: 12
Views: 1167

Re: Standard deduction on federal return and itemized deduction on state return?

ofckrupke wrote:
Fri Apr 27, 2018 9:38 pm
Depends on your state.
Agree , CT for example may be unique because it bases their tax on federal income before the std. or itemized deduction is applied but I think in general states don't have to mimic federal rules which I believe ofckrupke alluded to .
by ubermax
Thu Apr 26, 2018 2:11 pm
Forum: Personal Finance (Not Investing)
Topic: New Car: Ever make sense to lease?
Replies: 140
Views: 13836

Re: New Car: Ever make sense to lease?

Most important aspect of a lease is the money factor and residual value. the money factor impacts the finance charge and the residual ,selling price , and term determine the depreciation charge ; currently money factors are very small and the depreciation charge takes the lion's share of the monthl...
by ubermax
Sat Apr 07, 2018 9:24 am
Forum: Personal Finance (Not Investing)
Topic: How do you estimate your home's market value?
Replies: 53
Views: 3680

Re: How do you estimate your home's market value?

All great replies , in summary (1) Town Website/Assessor/Real Estate Info (for recent/comparable sales) (2) Zillow (3) Professional appraisal .
by ubermax
Fri Mar 30, 2018 9:16 pm
Forum: Personal Finance (Not Investing)
Topic: Chris Hogan's Retirement Calculator
Replies: 10
Views: 3520

Re: Chris Hogan's Retirement Calculator

Silk McCue wrote:
Mon Mar 26, 2018 4:21 pm
Wow Just wow. I don’t think #Cruncher needs his extensive effort on behalf of the poster to be critiqued in this fashion.
I prefer to look at it as "peer review" Silkman - I think we all here on Bogleheads should welcome it , it's how we learn !!!
by ubermax
Mon Mar 26, 2018 4:32 pm
Forum: Personal Finance (Not Investing)
Topic: 2018 tax reform
Replies: 7
Views: 966

Re: 2018 tax reform

ivk5 wrote:
Mon Mar 26, 2018 3:47 pm
Just so there's no confusion, federal law does not cap your state/local and property taxes. It does limit the allowable itemized deduction for those items to 10k for federal income tax purposes.
thanks , you said what I meant but more accurately .
by ubermax
Mon Mar 26, 2018 3:40 pm
Forum: Personal Finance (Not Investing)
Topic: 2018 tax reform
Replies: 7
Views: 966

Re: 2018 tax reform

But the new Federal tax law does NOT impose a limit on your total State and Local taxes... I thought state and local income taxes paid in 2018 along with all property taxes , typically house and auto , paid in 2018 were capped at 10K , if that's not true it's new to me - and that's separate from th...
by ubermax
Mon Mar 26, 2018 3:30 pm
Forum: Personal Finance (Not Investing)
Topic: Retirees: How does your retirement spending compare to pre-retirement spending?
Replies: 48
Views: 6639

Re: Retirees: How does your retirement spending compare to pre-retirement spending?

I looked at this a couple years ago and I think it was in the 70-80% of pre-retirement spending and which I also think is one of those rules of thumb like the famous 4% withdrawal rate .
by ubermax
Mon Mar 26, 2018 3:21 pm
Forum: Personal Finance (Not Investing)
Topic: Chris Hogan's Retirement Calculator
Replies: 10
Views: 3520

Re: Chris Hogan's Retirement Calculator

It's probably obvious to many but I think it's worth mentioning briefly that when you divide the 30 year inflated current salary (i.e. ICS) by the interest rate (i.e. i ) you get an amount that will provide the ICS in perpetuity when invested at rate i per annum - to me a couple of key terms in the ...
by ubermax
Sat Mar 24, 2018 9:56 am
Forum: Personal Finance (Not Investing)
Topic: What is the sentence for laminating a Medicare Card?
Replies: 20
Views: 3327

Re: What is the sentence for laminating a Medicare Card?

Jack_R2 wrote:
Fri Mar 23, 2018 9:22 pm
I still have my Dad's SS card. He was born in 1915. It is made of metal (looks like aluminum).
Interesting , my father was born in 1898 and it's paper , these facts would make good jeopardy questions :happy
by ubermax
Fri Mar 23, 2018 3:24 pm
Forum: Personal Finance (Not Investing)
Topic: What is the sentence for laminating a Medicare Card?
Replies: 20
Views: 3327

Re: What is the sentence for laminating a Medicare Card?

I found the card itself to be too large for the slots in my wallet so I had to trim it down a bit to fit. It looks like the Amazon protector would only make it larger. Had mine laminated at a local Staples & also trimmed the laminated portion to fit my credit card case - have presented it this way ...
by ubermax
Thu Mar 22, 2018 11:52 am
Forum: Personal Finance (Not Investing)
Topic: What Budget? Do you keep one?
Replies: 116
Views: 7833

Re: What Budget? Do you keep one?

We use an incredibly simple budgeting app that both DW and I can update called "goodbudget". This mostly accounts for our discretionary / credit card spend (repeating monthly costs like mortgage, childcare, utilities are not tracked on our budget since we have little to no control). We have differe...
by ubermax
Wed Mar 14, 2018 4:44 pm
Forum: Personal Finance (Not Investing)
Topic: Computing 2018 estimated tax - 2018 Pub 1040-ES instructions have an error?
Replies: 7
Views: 869

Re: Computing 2018 estimated tax - 2018 Pub 1040-ES instructions have an error?

I use an Excel spreadsheet to calculate my taxes and necessary with holdings. It is pretty easy to do and can be used in future years as well. Me too , I reflect everything I know about the new tax rules for 2018 in my estimate - roughly 98% of our income comes from pension, RMD, and SS and those i...
by ubermax
Mon Mar 12, 2018 12:12 pm
Forum: Personal Finance (Not Investing)
Topic: Standard Deduction for 2018 Revisited
Replies: 3
Views: 792

Standard Deduction for 2018 Revisited

Internal Revenue Bulletin (IRB) 2018-10 dated 3/5/18 has the Standard Deduction for a joint return with both lives over 65 at $26,600 - there was some thought awhile ago that the adoption of chain cpi could change this as we go through 2018 , is this still a possibility or does this IRB represent fi...
by ubermax
Sun Mar 11, 2018 5:53 pm
Forum: Investing - Help with Personal Investments
Topic: Portfolio Checkup: What have I missed? Some questions (pension buyout, DW SSA filing)
Replies: 14
Views: 975

Re: Portfolio Checkup: What have I missed? Some questions (pension buyout, DW SSA filing)

I didn't crunch the numbers like my guy Numbercruncher did, but that pension buyout seems very generous compared to other buyouts I've seen posted here. I would be very inclined to take it...and invest it conservatively. I agree - the lump sum as well as the 100%J&S are optional forms of benefit to...
by ubermax
Thu Mar 08, 2018 4:49 pm
Forum: Investing - Help with Personal Investments
Topic: Quick bond pricing + effective duration question
Replies: 9
Views: 969

Re: Quick bond pricing + effective duration question

I don't understand the point of the calculations in the article. If you can determine the change in price of a bond given a change in yield, then you have access to bond math tools of some sort, like the spreadsheet PRICE function. If you have access to that, you also have access to something like ...
by ubermax
Thu Mar 08, 2018 12:18 pm
Forum: Investing - Help with Personal Investments
Topic: Quick bond pricing + effective duration question
Replies: 9
Views: 969

Re: Quick bond pricing + effective duration question

Some additional explanation : I was able to duplicate the $100 price of the bond in that Investopedia article by valuing a temporary 10-year immediate annuity of $6 per year plus the final payment of $100 at the end of the 10th year using an interest rate of 6% per year - I'd be interested in knowin...
by ubermax
Wed Mar 07, 2018 5:25 pm
Forum: Investing - Help with Personal Investments
Topic: Quick bond pricing + effective duration question
Replies: 9
Views: 969

Re: Quick bond pricing + effective duration question

Can someone quickly show how the $101 and $99.25 values for P(1) and P(2) were calculated? I got a term of exactly 10 years for a $100 bond priced at par and currently yielding 6% and so I assumed this was the bond in the example referenced by the OP - keeping everything the same but valuing this b...
by ubermax
Wed Feb 21, 2018 12:18 pm
Forum: Personal Consumer Issues
Topic: Multiple Offer situation/should we pull our offer?
Replies: 72
Views: 5998

Re: Multiple Offer situation/should we pull our offer?

Sounds like you're at the poker table now , if you up your bid you could win or lose and possibly get the same outcome if you hold 'em , I'm now thinking about that Johnny Cash song , problem is how do we "know when" - Good Luck !!!
by ubermax
Sat Feb 10, 2018 3:35 pm
Forum: Personal Finance (Not Investing)
Topic: 2018 Tax Tables
Replies: 10
Views: 1767

Re: 2018 Tax Tables

I was wrong , the answer was right there all along in the 2018 Tax Rate Schedules as was pointed out to me several times , brain freeze maybe - thanks Oldcomputerguy, Kaneohe, Jebmke, House Blend ( using the midpoint nails it for the Tax Tables ) , and Rkhusky .
by ubermax
Sat Feb 10, 2018 10:16 am
Forum: Personal Finance (Not Investing)
Topic: 2018 Tax Tables
Replies: 10
Views: 1767

Re: 2018 Tax Tables

For Oldcomputerguy it's the 2018 Table that I'm interested in and for Kaneohe & Jebmke a couple of things : (1) I agree that the tax delta for adjacent $50 income ranges is small but I anticipate an 8K taxable income drop in 2018 and (2) At this point I have no idea how the IRS develops the tables ...
by ubermax
Fri Feb 09, 2018 6:37 pm
Forum: Personal Finance (Not Investing)
Topic: 2018 Tax Tables
Replies: 10
Views: 1767

Re: 2018 Tax Tables

As far as I know, the structure published in this Kitces article are still accurate The new Tax Brackets have been published but I don't see where the Tax Tables have been released - on that worksheet that I noted there are two spots that require a Tax Table (very specific) lookup , that article do...
by ubermax
Fri Feb 09, 2018 6:28 pm
Forum: Personal Finance (Not Investing)
Topic: free dinner investing seminar
Replies: 288
Views: 21827

Re: free dinner investing seminar

The food at the dinners that I've been to in the past have been allright ; they're betting on a couple of commission sales to probably more than pay the dinner bill and the restaurant may be giving them a break also .
by ubermax
Fri Feb 09, 2018 6:20 pm
Forum: Personal Finance (Not Investing)
Topic: 2018 Tax Tables
Replies: 10
Views: 1767

2018 Tax Tables

Does anyone know if the 2018 Tax Tables , either final or preliminary, have been published ; the "Qualified Divs.& Cap. Gain Tax Worksheet" ,for example, requires inputs in two spots from those Tables.
by ubermax
Fri Feb 09, 2018 4:27 pm
Forum: Personal Finance (Not Investing)
Topic: Is there a way to figure 2018 taxes?
Replies: 18
Views: 2513

Re: Is there a way to figure 2018 taxes?

As far as can tell the 2018 tax brackets have been published but not the Tax Tables which are used if you're required to use the Qual.Divs.& Cap Gains Worksheet - has anyone seen 2018 Tax Tables ? I believe BogleGrappler alluded to a manual calculation using 2018 Rates
by ubermax
Fri Feb 09, 2018 12:43 pm
Forum: Personal Finance (Not Investing)
Topic: Is there a way to figure 2018 taxes?
Replies: 18
Views: 2513

Re: Is there a way to figure 2018 taxes?

A couple of years ago I created 2 Excel workbooks , one for the current filing and another to estimate the upcoming years' tax liability - for 2018 I got information on the tax bill changes impacting our return , mainly the 10K limit for state income and property tax deductions and the 26.6 K stand...
by ubermax
Thu Feb 08, 2018 5:33 pm
Forum: Personal Consumer Issues
Topic: Getting Rid of Ants in the House?
Replies: 46
Views: 3010

Re: Getting Rid of Ants in the House?

We swear by the liquid Terro ant baits - we cut a manila folder into small squares and put a drop on each and then put them at various spots on the kitchen counter - it can take a few days for them to come out of the woodwork , take a sip, and then march back to the nest but it works very well .
by ubermax
Thu Feb 08, 2018 5:16 pm
Forum: Personal Consumer Issues
Topic: Adding iPad to Verizon Cellular Account
Replies: 5
Views: 369

Re: Adding iPad to Verizon Cellular Account

mmmodem wrote:
Thu Feb 08, 2018 5:09 pm
Newer LTE iPads have an Apple SIM which is universal for most carriers. http://www.apple.com/ipad/apple-sim/
You won't need one from Verizon.
Thanks mmmodem , I clicked that link and it doesn't look like Verizon is on the list of Apple partners ??
by ubermax
Thu Feb 08, 2018 5:10 pm
Forum: Personal Consumer Issues
Topic: Adding iPad to Verizon Cellular Account
Replies: 5
Views: 369

Re: Adding iPad to Verizon Cellular Account

Do you carry a iPhone, Android, or another smart phone? If your Verizon account is like most you can switch your phone to Mobile-Hotspot mode and pair the iPad to your phone when you need to use it away from your home wifi and that will save you on having to pay an additional monthly fee to have th...
by ubermax
Thu Feb 08, 2018 5:02 pm
Forum: Personal Consumer Issues
Topic: Scrapping old computer parts
Replies: 25
Views: 1944

Re: Scraping old computer parts

I cut the HD in half with a circular saw ( metal blade) and chuck it in household waste at the local dump - it then goes to an incinerator in another town , the remaining parts I leave in the recycled electronics shed at same dump - I use to sledge the HD but now I clamp it down and rip through it .
by ubermax
Thu Feb 08, 2018 4:55 pm
Forum: Personal Consumer Issues
Topic: Adding iPad to Verizon Cellular Account
Replies: 5
Views: 369

Adding iPad to Verizon Cellular Account

Just purchased an iPad for DW at the local Apple store and the sales person indicated that she could add the new device to our Verizon account on her own via Settings implying that a choice of cellular carriers would appear on the iPad's screen - on the way home we stopped by the Verizon store and ...
by ubermax
Wed Feb 07, 2018 12:42 pm
Forum: Personal Consumer Issues
Topic: Old mechanical pencils
Replies: 11
Views: 2089

Re: Old mechanical pencils

I still have a couple of old mechanical pencils - one is a Pentel P207 ( .7mm lead) and the other is a Paper Mate PhD Ultra ( .5mm lead)- both made in Japan - our daughter used the P207 through high school and college along with an accompanying hi-polymer (plastic) white eraser also made by Pentel ...
by ubermax
Tue Feb 06, 2018 10:24 am
Forum: Investing - Help with Personal Investments
Topic: Understanding cost basis.
Replies: 6
Views: 441

Re: Understanding cost basis.

mega317 wrote:
Tue Feb 06, 2018 10:06 am
Once you sell there is no more basis. Then when you use the proceeds to buy, there is a new basis independent of the first holding.
+1 gain or loss on the sales (assuming after tax accounts) measured by comparing proceeds to cost basis & then a new basis established in VFIAX
by ubermax
Mon Feb 05, 2018 2:02 pm
Forum: Personal Consumer Issues
Topic: What backup service to use?
Replies: 68
Views: 6706

Re: What backup service to use?

I was surprised to see that Acronis (True Image) was missing from Ponderings List ; is that because the OP specifically wanted a "service" rather than backup software ?
by ubermax
Sat Feb 03, 2018 4:39 pm
Forum: Personal Finance (Not Investing)
Topic: Turbo Tax Newbie
Replies: 17
Views: 1906

Re: Turbo Tax Newbie

I'm lead to believe one can do their 2017 taxes with TT and make the decision to pay after viewing the results of your information - is this accurate? Have used online TT for years and like it ; you have to pay before you can see and print the actual tax forms and any worksheets filled in - you can...
by ubermax
Sat Feb 03, 2018 4:07 pm
Forum: Personal Finance (Not Investing)
Topic: Car Lease -- High Residual Value -- what am I missing?
Replies: 49
Views: 5137

Re: Car Lease -- High Residual Value -- what am I missing?

4.) All of this is being factored at essentially a 0 money factor -- the current financing special to buy is 0% for 72 months. These days the APRs and money factors are all low across pretty much all brands but nevertheless the lion's share of the lease payment is the depreciation cost ; I would su...
by ubermax
Sat Feb 03, 2018 11:56 am
Forum: Personal Finance (Not Investing)
Topic: Do you live on a budget?
Replies: 65
Views: 3939

Re: Do you live on a budget?

Also retired , not sure if what we do is a budget or an "expense organizational tool" but each of our 4 monthly inflows go via spreadsheet into 17 buckets , 16 of which have specific names , i.e. "electric" and the 17th is labeled discretionary - it's basically what's leftover after those 16 are fi...
by ubermax
Thu Feb 01, 2018 12:53 pm
Forum: Investing - Help with Personal Investments
Topic: Cost basis and long/short cap gains
Replies: 26
Views: 1277

Re: Cost basis and long/short cap gains

Specific ID gives you the most flexibility when selling in taxable accounts. I use it for all my Vanguard taxable accounts, both funds and individual securities (where I frequetly dividend reinvest). Years ago I used that method but now with the numbers I'm working with it's a waste of time and I'm...
by ubermax
Thu Feb 01, 2018 12:23 pm
Forum: Investing - Help with Personal Investments
Topic: Cost basis and long/short cap gains
Replies: 26
Views: 1277

Re: Cost basis and long/short cap gains

yes but for the purpose of determining whether the shares sold were categorized as short or long term cap gains, the shares you sold would be the first ones purchased. I think I am right on that, from my research, but someone correct me if I'm wrong. HTH answered that but that wasn't what I was que...
by ubermax
Thu Feb 01, 2018 12:04 pm
Forum: Personal Finance (Not Investing)
Topic: Car Lease -- High Residual Value -- what am I missing?
Replies: 49
Views: 5137

Re: Car Lease -- High Residual Value -- what am I missing?

OP if you want to have some fun , ask them to explain - line be excruciating line - how they came up with the monthly lease payment ; my guess is that most people just want to know if the payment , whether financed or not, fits into their budget not whether it's a reasonable number .
by ubermax
Thu Feb 01, 2018 11:46 am
Forum: Investing - Help with Personal Investments
Topic: Cost basis and long/short cap gains
Replies: 26
Views: 1277

Re: Cost basis and long/short cap gains

Average cost forces the oldest shares (the first shares in) to be selected when selling. So the answer to your last question you posed in your first post in this thread is: Yes. In the context of determining the correct cost basis of shares sold , I don't think this is a correct statement ; simple ...
by ubermax
Fri Jan 26, 2018 5:01 pm
Forum: Personal Consumer Issues
Topic: Riverboat trip on the Danube next October
Replies: 16
Views: 1286

Re: Riverboat trip on the Danube next October

We used Avalon , Vienna to Munich on the Danube ; we enjoyed it , well organized , food was great , and there was a nice blend of cruising and stops for interesting side tours .
by ubermax
Fri Jan 26, 2018 1:26 pm
Forum: Personal Finance (Not Investing)
Topic: How do you decide how wealthy you really are?
Replies: 58
Views: 8392

Re: How do you decide how wealthy you really are?

Sandtrap wrote:
Fri Jan 26, 2018 12:17 pm
Never considered myself wealthy, never will. Only blessed n lucky :sharebeer
+1 Couldn't say it better !! Top spin , just enjoy your new home in Florida and precious time on the Har-Tru !!
by ubermax
Fri Jan 26, 2018 1:08 pm
Forum: Personal Finance (Not Investing)
Topic: Tax Software Recommendations
Replies: 28
Views: 2090

Re: Tax Software Recommendations

I've used the online version of Turbo Tax (i.e. TT) for years and like it - I also maintain two spreadsheets in Excel , one for the current filing year and another for the current year that is the basis for our estimated taxes both federal and state - I also think it's important to understand your ...
by ubermax
Fri Jan 26, 2018 12:32 pm
Forum: Personal Consumer Issues
Topic: Anyone donated a car to charity?
Replies: 25
Views: 1605

Re: Anyone donated a car to charity?

Donated a car to a Vietnam Vets group , they picked it up quickly and even provided paperwork for tax purposes - it was a good experience .
by ubermax
Fri Jan 26, 2018 12:27 pm
Forum: Personal Consumer Issues
Topic: Still using a 5 year old iphone 5. Who's with me? No new phones!!!
Replies: 151
Views: 9667

Re: Still using a 5 year old iphone 5. Who's with me? No new phones!!!

Had a 5s , lost it , replaced with SE , same size which I like , no desire to upgrade .