Search found 228 matches

by vtMaps
Mon Apr 24, 2017 9:17 am
Forum: Investing - Help with Personal Investments
Topic: What about a longevity (deferred) annuity with a fixed rate?
Replies: 5
Views: 507

Re: What about a longevity (deferred) annuity with a fixed rate?

Any thoughts on this type of annuity to fund now, at 52? Should I wait to fund it, say around 62 or older? Thanks! Wait until you need an annuity, then by an immediate annuity. If you buy now, at a fixed rate, you could face years of inflation before you begin collecting. It's one thing to buy an i...
by vtMaps
Tue Apr 18, 2017 6:31 pm
Forum: Investing - Theory, News & General
Topic: What is the max SS income you could receive this year?
Replies: 38
Views: 4209

Re: What is the max SS income you could receive this year?

Everyone born the same year reaches FRA in the same year and turns 70 in the same year. They will all get the same maximum-maximum for whatever it is for that year. Maybe. If two folks turn 70 today and begin benefits today, I think they could have different maximums. The reason is that they may no...
by vtMaps
Thu Apr 13, 2017 4:47 pm
Forum: Personal Finance (Not Investing)
Topic: Social security: restricted application and spousal benefits
Replies: 6
Views: 606

Re: Social security: restricted application and spousal benefits

but reps at the SS office keep telling my mother in law "no" and I want to make sure that I am correct. You are correct. There is a thread somewhere about how to make a restricted application online. If the reps are not up to speed, then perhaps an online application will be the path of l...
by vtMaps
Fri Mar 31, 2017 5:35 am
Forum: Investing - Help with Personal Investments
Topic: Withdrawing Early from Roth without Penalty
Replies: 5
Views: 593

Re: Withdrawing Early from Roth without Penalty

How does it work if I want to withdraw say 5k from my Roth when all I hold is ETFs (hypothetically of course-- I won't actually do this unless there is a big emergency)? I'm not sure exactly what you are asking... If you want to withdraw money you must sell some of the ETF and then withdraw the cas...
by vtMaps
Mon Mar 27, 2017 5:16 am
Forum: Investing - Help with Personal Investments
Topic: Moving TIAA CREF out of money market
Replies: 16
Views: 1244

Re: Moving TIAA CREF out of money market

The traditional also has this disclaimer. Are there scenarios where this could be a problem? <snip> Yes, I suppose. In return for guaranteed growth and a few other good features, you give up some liquidity. 50% of my contributions went into Traditional. I decided at age 55 that I would not annuitiz...
by vtMaps
Sun Mar 26, 2017 7:04 pm
Forum: Investing - Help with Personal Investments
Topic: Moving TIAA CREF out of money market
Replies: 16
Views: 1244

Re: Moving TIAA CREF out of money market

Springbok wrote:I'm new to investing. I'm leaning toward being more conservative, but not too much.


In that case use your 403b to buy TIAA traditional and TREA (tiaa real estate), and put your stock allocation in a traditional or roth IRA.

--vtMaps
by vtMaps
Fri Mar 24, 2017 5:09 am
Forum: Investing - Help with Personal Investments
Topic: Moving TIAA CREF out of money market
Replies: 16
Views: 1244

Re: Moving TIAA CREF out of money market

I looked at your links... ouch! not a lot of low cost choices, and no total market equities. Those are your 403b choices, I presume. You have lousy choices, but a 50% employer match cannot be ignored. Perhaps use the 403b for fixed income and TIAA real estate. TIAA real estate is unique, and it's NO...
by vtMaps
Thu Mar 23, 2017 6:16 am
Forum: Investing - Help with Personal Investments
Topic: Moving TIAA CREF out of money market
Replies: 16
Views: 1244

Re: Moving TIAA CREF out of money market

More important, in my opinion, than a list of your options is for you to tell us about your risk tolerance. Your ability (as yet untested) to wisely handle bear markets should be a major determinant of the investments you choose. If you make poor decisions in a bear market (and many folks do) you ca...
by vtMaps
Sun Mar 19, 2017 7:52 pm
Forum: Personal Finance (Not Investing)
Topic: 2.25% High Yield Checking - FSCU
Replies: 11
Views: 1739

Re: 2.25% High Yield Checking - FSCU

2.25% on $20,000 is $450 a year. If you can jump through the hoops easily without disrupting your life, sure, why not? But don't expect it to last. I see it as $250 per year because you can easily get 1% without jumping through any hoops. And all the money you spend with checks or debit cards is mo...
by vtMaps
Fri Mar 10, 2017 4:49 pm
Forum: Investing - Theory, News & General
Topic: When is tax due on IRA distribution?
Replies: 14
Views: 831

Re: When is tax due on IRA distribution?

How are you going to withhold at the end of the year if you aren't going to have any more income for the year? In December I figured that our scant withholding was insufficient to avoid penalties for underpayment. Solution: Take an IRA distribution of about $3000 and withhold 80% for federal and 20...
by vtMaps
Fri Mar 10, 2017 4:20 pm
Forum: Investing - Theory, News & General
Topic: When is tax due on IRA distribution?
Replies: 14
Views: 831

Re: When is tax due on IRA distribution?

An IRA distribution is taxable income for the year in which it is distributed and taxes will be due on April 15 of the following year. However, the WITHHOLDING for your taxes should try to match the quarter in which it was received. If all your income for the year arrives in December, you should wi...
by vtMaps
Fri Mar 03, 2017 1:55 am
Forum: Investing - Theory, News & General
Topic: Using Ibonds to build cash reserves
Replies: 28
Views: 3343

Re: Using Ibonds to build cash reserves

The idea for this post grew out of the post about IBonds (Treating I-Bonds as Long-term Bond Holdings) <snip> Does anyone see a downside to buying IBonds as cash equivalents? Does anyone have a better idea? I think that at current fixed rates, ibonds should not be used as long-term retirement asset...
by vtMaps
Sat Feb 25, 2017 9:59 am
Forum: Investing - Help with Personal Investments
Topic: Early Soc Sec or spend down investments/assets?
Replies: 28
Views: 2751

Re: Early Soc Sec or spend down investments/assets?

Because of the rule changes, you can no longer file and suspend. Your wife can collect spousal benefits only after you begin collecting your benefits. The spousal benefits that your wife receives will max out when she reaches FRA. Her benefits are not a function of when you begin your own benefits. ...
by vtMaps
Wed Feb 15, 2017 12:42 pm
Forum: Personal Finance (Not Investing)
Topic: UPDATED: Confirmed H&R Block chokes on Line 29
Replies: 20
Views: 2714

Re: UPDATED: Confirmed H&R Block chokes on Line 29

Have you resolved the issue that the policies were not issued your wife's name (or business) and therefore not eligible for the SE health deduction? No. The Vermont exchange is in serious dysfunction. I tried 5 times during 2016 to get them to raise our estimated income. They weren't able to do it ...
by vtMaps
Tue Feb 14, 2017 9:48 pm
Forum: Personal Finance (Not Investing)
Topic: UPDATED: Confirmed H&R Block chokes on Line 29
Replies: 20
Views: 2714

Re: UPDATED: Confirmed H&R Block chokes on Line 29

I have not used the H and R Block software. But can't you just enter the 1095-a information all together? I mean just combine the information from the two 1095-A forms? The 1095-A is not like the W-2. It does not get sent to the IRS as part of your return. It is only used to properly fill out the t...
by vtMaps
Tue Feb 14, 2017 9:17 pm
Forum: Personal Finance (Not Investing)
Topic: UPDATED: Confirmed H&R Block chokes on Line 29
Replies: 20
Views: 2714

UPDATE-- Confirmed that H&R Block chokes on Line 29

Update: I just finished a marathon online chat session with H&R Block. I did it at MacDonalds (internet at home is too slow for a chat). I even ate some of their food :o I finally figured out what's wrong with their software and they confirmed that I must override their software and that I canno...
by vtMaps
Wed Feb 08, 2017 8:10 pm
Forum: Personal Finance (Not Investing)
Topic: UPDATED: Confirmed H&R Block chokes on Line 29
Replies: 20
Views: 2714

Re: H&R Block chokes on Line 29

I am not saying this is the problem, but did she per chance take the full net-self-employment income as a solo 401k contribution deduction on line 28. She has no solo 401k. I am working on my spreadsheet. We vastly underpaid our health premiums in 2016. My wife got a good contract and we expected h...
by vtMaps
Wed Feb 08, 2017 2:15 pm
Forum: Personal Finance (Not Investing)
Topic: UPDATED: Confirmed H&R Block chokes on Line 29
Replies: 20
Views: 2714

Re: H&R Block chokes on Line 29

My wife is the sole proprietor and she was on the exchange for 12 months. I was on the exchange for 10 months and then on medicare. My 10 months on the exchange are factored into the deduction. Can we add MY medicare and medigap premiums to the amount of HER self-employed healthcare deduction? --vt...
by vtMaps
Wed Feb 08, 2017 12:04 pm
Forum: Personal Finance (Not Investing)
Topic: UPDATED: Confirmed H&R Block chokes on Line 29
Replies: 20
Views: 2714

Re: H&R Block chokes on Line 29

enter the *full premium* before any advanced credit as the premiums paid. Under Federal -> Taxes -> Health Care Coverage, enter the full premium, second lowest silver, and the advanced credit. Thanks for putting the emphasis on *full premium*. I think I didn't enter the *full premium* as shown on 1...
by vtMaps
Wed Feb 08, 2017 9:57 am
Forum: Personal Finance (Not Investing)
Topic: UPDATED: Confirmed H&R Block chokes on Line 29
Replies: 20
Views: 2714

UPDATED: Confirmed H&R Block chokes on Line 29

I just got off the phone with H&R Block... My wife is self employed sole proprietor. We bought health insurance on the exchange. We want to take a Line 29 self-employed health care premium deduction. For those that don't know... the deduction lowers the AGI. Lower AGI means more subsidy (premium...
by vtMaps
Sun Jan 22, 2017 7:07 pm
Forum: Personal Finance (Not Investing)
Topic: Linking Ally to Vanguard
Replies: 7
Views: 1056

Re: Linking Ally to Vanguard

Thanks guys, push vs. pull - still getting used to online banking :happy Me too. I don't have accounts at Vanguard, but my impression (Fidelity, Ally, and others) is that 'pulled' money is not immediately available to invest. If you use Vanguard to pull money from Ally, how soon can you invest it? ...
by vtMaps
Wed Jan 11, 2017 4:03 pm
Forum: Investing - Help with Personal Investments
Topic: Help with decumulation of bonds and stable value.
Replies: 2
Views: 240

Re: Help with decumulation of bonds and stable value.

Bonds are down? They are up 1% this year. Your bonds are down from what point? The highwater mark or something else? Aren't they up for the past 12 months? Your points are well taken, thanks. I only look at my portfolio quarterly, and bonds look to be down since my 2nd and 3rd quarter statements. -...
by vtMaps
Wed Jan 11, 2017 3:45 pm
Forum: Investing - Help with Personal Investments
Topic: Help with decumulation of bonds and stable value.
Replies: 2
Views: 240

Help with decumulation of bonds and stable value.

Our (myself & DW) ISP calls for 30/70 as we begin retirement. We are spending down IRAs and doing roth conversions for a few years while we delay SS. Virtually all of our investments (mid six figures) are in our IRAs. Our 70% bond allocation is actually 19.4% FSITX, 6.8% TIPS (individual bonds, ...
by vtMaps
Fri Dec 23, 2016 3:26 pm
Forum: Personal Finance (Not Investing)
Topic: Reliable washer/dryer brands
Replies: 42
Views: 3386

Re: Reliable washer/dryer brands

We live in an area where water is plentiful and cheap - so why burden and force us to buy one of these low water usage washers? (sorry rant). Low water usage is very important for energystar ratings... not because of water conservation, but because of energy use. Most of the energy consumed by a wa...
by vtMaps
Thu Dec 22, 2016 2:37 pm
Forum: Personal Finance (Not Investing)
Topic: Got an unexpected tax collections notice...
Replies: 24
Views: 3837

Re: Got an unexpected tax collections notice...

Demand proof of your debt. If the collections agency cannot provide the proof, tell them to go away and that you will sue them if they report your debt to a credit bureau.

--vtMaps
by vtMaps
Sat Dec 17, 2016 12:42 pm
Forum: Investing - Help with Personal Investments
Topic: I-Bond Questions
Replies: 16
Views: 2041

Re: I-Bond Questions

I have $20,000 of I-Bonds purchased in February 2012 at a rate of 0.16%, now worth $21,246. Does it make sense to sell them (even if I lose 3 months interest) and repurchase at the higher 2.76% fixed rate, or am I better off simply adding more bonds to my portfolio? The rate that your Feb 2012 ibon...
by vtMaps
Sun Dec 11, 2016 10:53 am
Forum: Personal Finance (Not Investing)
Topic: Help with ACA MAGI and tax loss harvesting
Replies: 12
Views: 1071

Re: Help with ACA MAGI and tax loss harvesting

samsoes wrote:One of the quickest ways to generate income "on paper" is to do a Roth conversion.


Another way is to try and remember all those bets you won all year (poker, football, whatever) and report them as income. don't try too hard to remember your losses :wink:

--vtMaps
by vtMaps
Sat Nov 26, 2016 4:06 pm
Forum: Personal Finance (Not Investing)
Topic: Social Security spousal question
Replies: 2
Views: 536

Re: Social Security spousal question

You cannot claim as a spouse before 70 and let your own benefits grow.

If you were a few years older, you could do that. The law changed last year.

--vtMaps
by vtMaps
Fri Nov 25, 2016 10:19 pm
Forum: Personal Finance (Not Investing)
Topic: H&R Block Tax Software for 2016
Replies: 76
Views: 8046

Re: H&R Block Tax Software for 2016

livesoft wrote:BUT: Mac download is apparently not on sale.

here is a link for the mac version:
https://www.amazon.com/Block-Software-D ... B01M7RG7XN

--vtMaps
by vtMaps
Sun Nov 20, 2016 10:10 am
Forum: Personal Finance (Not Investing)
Topic: IRS quarterly estimated tax payments
Replies: 19
Views: 2093

Re: IRS quarterly estimated tax payments

Does safe harbor work in this situation? If your first three payments amounted to more than last year's tax liability, then I suppose you do not need to make the fourth payment. As I understand safe harbor, there are no penalties for underpaying your taxes this year as long as you withheld (or paid ...
by vtMaps
Sun Nov 20, 2016 8:09 am
Forum: Personal Consumer Issues
Topic: Anyone Have Experience With Filing Complaint With FDA?
Replies: 22
Views: 2944

Re: Anyone Have Experience With Filing Complaint With FDA?

Levothyroxine is very sensitive to heat. Between India and your home there were many chances for it to get overheated.

--vtMaps
by vtMaps
Mon Nov 14, 2016 3:53 am
Forum: Forum Issues and Administration
Topic: The Forum is now "Feed friendly"
Replies: 46
Views: 5147

Re: The Forum is now "Feed friendly"

Trice wrote:What other way is there to follow a forum, outside of visiting periodically and scouring every separate forum to see what you've missed?


If you are logged into bogleheads, try:
https://www.bogleheads.org/forum/search.php?search_id=unreadposts

--vtMaps
by vtMaps
Sun Nov 13, 2016 8:51 pm
Forum: Personal Finance (Not Investing)
Topic: No more Sched C in H&R Block Deluxe
Replies: 8
Views: 1240

Re: No more Sched C in H&R Block Deluxe

OK, thanks. I will order the Deluxe version. --vtMaps
by vtMaps
Sun Nov 13, 2016 8:36 pm
Forum: Personal Finance (Not Investing)
Topic: No more Sched C in H&R Block Deluxe
Replies: 8
Views: 1240

Re: No more Sched C in H&R Block Deluxe

You need to click a couple more times. https://www.hrblock.com/pdf/HRB-Desktop-Fed-Forms.pdf That link is the same on the 'Basic', the 'Deluxe', and the 'Premium' web page. I think it is a list of all forms that H&R Block software can use, but I doubt that all three versions can do all the form...
by vtMaps
Sun Nov 13, 2016 7:07 pm
Forum: Personal Finance (Not Investing)
Topic: No more Sched C in H&R Block Deluxe
Replies: 8
Views: 1240

No more Sched C in H&R Block Deluxe

If I am reading their website correctly, Schedule C is no longer included in the Deluxe software. For 2016, schedule C is in the Premium software ($20 extra). :( :(

--vtMaps
by vtMaps
Fri Nov 11, 2016 1:45 pm
Forum: Personal Finance (Not Investing)
Topic: Social Security - Delaying Benefits Until Age 70
Replies: 5
Views: 1102

Re: Social Security - Delaying Benefits Until Age 70

neurosphere wrote:Hat tip to a certain person much more knowledgeable than I who provided the link. :wink:

Would that be sscritic? --vtMaps
by vtMaps
Fri Nov 11, 2016 1:40 pm
Forum: Personal Finance (Not Investing)
Topic: Social Security - Maximizing Spousal Survivor Benefits
Replies: 9
Views: 906

Re: Social Security - Maximizing Spousal Survivor Benefits

Trying to plan for taking social security. I'm a little unclear about how spousal benefits work with social security. Recent changes in law have affected spousal benefit strategies. The spouse with the higher benefits should wait until 70 to begin drawing benefits. The reason is that the SS benefit...
by vtMaps
Wed Oct 19, 2016 12:13 am
Forum: Investing - Help with Personal Investments
Topic: Early Retirement 401k planning
Replies: 4
Views: 946

Re: Early Retirement 401k planning

It's uncertain whether I will be in the 15% or 25% brackets in the years age 56-65 -- those brackets are pretty small when filing as single instead of joint! Regarding health insurance, if your income is low enough, the ACA will be a better deal than Cobra. Especially so if your income is low enoug...
by vtMaps
Wed Aug 31, 2016 10:32 am
Forum: Personal Consumer Issues
Topic: Toyota Tacoma - 4 cylinder vs. 6
Replies: 24
Views: 3060

Re: Toyota Tacoma - 4 cylinder vs. 6

I drive a 2015 4wd manual transmission 4 cylinder tacoma. Our Vermont roads have a lot of ups and downs... I cannot maintain full speed on the uphill roads... and that's with no load. Pulling a trailer is slower still, but with a trailer I wouldn't be looking to go full speed anyway.

--vtMaps
by vtMaps
Mon Aug 29, 2016 1:23 pm
Forum: Personal Finance (Not Investing)
Topic: Social Security - Spousal Benefits - Basics
Replies: 30
Views: 2896

Re: Social Security - Spousal Benefits - Basics

bkweathe wrote:Is that an accurate summary?

Yes, to the best of my knowledge. --vtMaps
by vtMaps
Sat Aug 27, 2016 11:32 am
Forum: Investing - Help with Personal Investments
Topic: Savings bonds co-owners and purchase limits
Replies: 9
Views: 715

Re: Savings bonds co-owners and purchase limits

I still haven't gotten this clear, but I don't think you actually can have true "co-owners" of electronic savings bonds. Why not? My wife and I are co-owners of our bank accounts, but I am the 'primary' owner and the 1099int is reported on my SS number. Either of us can withdraw all the m...
by vtMaps
Sat Aug 27, 2016 11:27 am
Forum: Investing - Help with Personal Investments
Topic: Medallion Signature Guarantee
Replies: 66
Views: 11857

Re: Medallion Signature Guarantee

When I wanted to link my local brick & mortar bank to treasury direct, the bank would not do a MSG because there was unlimited liability for them. I was not asking them to guarantee a particular transaction, just for general linkage so I could buy or redeem ibonds. The branch manager said they w...
by vtMaps
Fri Aug 26, 2016 5:59 pm
Forum: Personal Finance (Not Investing)
Topic: Social Security - Spousal Benefits - Basics
Replies: 30
Views: 2896

Re: Social Security - Spousal Benefits - Basics

If a person's benefit will not exceed their spouse's benefit, then earning any benefit greater than 50% of their spouse's is a 'waste' of FICA taxes. If their benefit is greater than 50% of their spouses PIA, then they would take their own benefit rather than spousal benefit. Further, they could ta...
by vtMaps
Fri Aug 26, 2016 4:33 pm
Forum: Personal Finance (Not Investing)
Topic: Social Security - Spousal Benefits - Basics
Replies: 30
Views: 2896

Re: Social Security - Spousal Benefits - Basics

bkweathe wrote:I think you're saying that, if I retire early, her benefit will be half of my benefit. Is that right?

Not quite. Her benefit will be half of your PIA regardless of when you retire. (PIA= primary insurance amount = what you would get if you retire at full retirement age).

--vtMaps
by vtMaps
Sun Aug 14, 2016 6:30 pm
Forum: Investing - Help with Personal Investments
Topic: CREF variable annuity in 403(b) -- any reason to pay the high expense ratio?
Replies: 37
Views: 2387

Re: CREF variable annuity in 403(b) -- any reason to pay the high expense ratio?

Many folks keep TIAA TA with no intention of annuitizing it. In these times of low interest on safe money, TA pays very well. There are several threads of this forum about using TA as a part of ones bond allocation.

--vtMaps
by vtMaps
Thu Aug 04, 2016 9:42 am
Forum: Personal Finance (Not Investing)
Topic: How are taxes different after retirement?
Replies: 39
Views: 3870

Re: How are taxes different after retirement?

vtMaps wrote:I think one of us is confusing exemptions with deductions. --vtMaps


OK, I was confused... thanks for the corrections. --vtMaps
by vtMaps
Thu Aug 04, 2016 9:14 am
Forum: Personal Finance (Not Investing)
Topic: How are taxes different after retirement?
Replies: 39
Views: 3870

Re: How are taxes different after retirement?

The Wizard wrote:
vtMaps wrote:Personal exemption increases at age 65. --vtMaps

That only increases your standard deduction a bit.
If you itemize your deductions, you get no benefit from being >65...

I think one of us is confusing exemptions with deductions. --vtMaps
by vtMaps
Thu Aug 04, 2016 7:55 am
Forum: Personal Finance (Not Investing)
Topic: How are taxes different after retirement?
Replies: 39
Views: 3870

Re: How are taxes different after retirement?

Personal exemption increases at age 65. --vtMaps
by vtMaps
Sun Jul 31, 2016 3:36 pm
Forum: Personal Consumer Issues
Topic: New Tipping Practice?
Replies: 130
Views: 7586

Re: New Tipping Practice?

I find it offensive that if I choose one of their preset tips (15%, 18% or 20%), the tip amount is calculated on the entire bill, including the 10% rooms and meals tax. I make a point of explaining to the cashier that I will leave my tip at the table because of that.

--vtMaps
by vtMaps
Wed Jul 13, 2016 9:41 pm
Forum: Personal Finance (Not Investing)
Topic: [Fidelity drops AmEx, Bank of America credit cards]
Replies: 289
Views: 41825

Re: [Fidelity drops AmEx, Bank of America credit cards]

Currently my FIA Amex gets 2 points per dollar spent. Each point is worth 1 dollar when redeemed in a Fidelity account (effectively 2% cash back). I am under the impression that each point is worth 1 cent. My FIA Visa is a bit different. I get 1 point per dollar spent. Each point is worth 1.5 dolla...

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