Search found 330 matches

by vtMaps
Wed Feb 14, 2018 1:58 pm
Forum: Investing - Theory, News & General
Topic: I-Bonds?
Replies: 80
Views: 12714

Re: I-Bonds?

Does it make sense to delay filing my tax return in order to find out what the fixed rate will be in May (for paper I bonds)? I have a question about this... if I file paper tax returns in mid April, I expect that my refund would not be processed for several weeks... well into the month of May. Wou...
by vtMaps
Mon Feb 05, 2018 12:06 pm
Forum: Investing - Theory, News & General
Topic: Does MM 7 day yield include expenses?
Replies: 8
Views: 823

Re: Does MM 7 day yield include expenses?

And your purchase date, 1/19/18, was a Friday . Based on my observations about how Vanguard bond funds operate (I will guess that Fidelity operates the same way), that means you also won't get credited for any interest on Saturday and Sunday. So that means you should have received 10 days of ~1.4% ...
by vtMaps
Sun Feb 04, 2018 5:34 pm
Forum: Investing - Theory, News & General
Topic: Does MM 7 day yield include expenses?
Replies: 8
Views: 823

Re: Does MM 7 day yield include expenses?

Your calculation is not what I would do because you did not take into account daily compounding. I didn't know it compounds daily... I thought it doesn't compound until it posts... thus I assumed monthly compounding. Anyway, your calculation also doesn't match the interest that was posted to the ac...
by vtMaps
Sun Feb 04, 2018 3:21 pm
Forum: Investing - Theory, News & General
Topic: Does MM 7 day yield include expenses?
Replies: 8
Views: 823

Re: Does MM 7 day yield include expenses?

You would not get interest for the day of deposit. The day after that, the money will have been in the fund for one day, etc. OK, if I assume 11 days of interest (rather than 12), the interest rate then becomes 1.27%. Also, short term rates have been rising. The quoted yield is for the last 7 days....
by vtMaps
Sun Feb 04, 2018 12:30 pm
Forum: Investing - Theory, News & General
Topic: Does MM 7 day yield include expenses?
Replies: 8
Views: 823

Re: Does MM 7 day yield include expenses?

Yes, it includes expenses. Please show your calculations. :) OK, my statement shows $21,000 of FZDXX purchased on 1/19/18 and $8.04 of interest posted on 1/31/18. Over the twelve days that I had the fund in January the interest was $0.67 per day. $0.67 per day is $244.55 per year. $244.55 ÷ $21,000...
by vtMaps
Sun Feb 04, 2018 11:45 am
Forum: Investing - Theory, News & General
Topic: Does MM 7 day yield include expenses?
Replies: 8
Views: 823

Does MM 7 day yield include expenses?

In anticipation of taking a distribution from an IRA, I sold some mutual funds and put them into fidelity money market FZDXX which (according to morningstar) has a 7 day yield of 1.4% and an ER of 0.3%. The interest accrues daily and posts at the end of the month. I purchased the MM on 1/19/18. Base...
by vtMaps
Fri Jan 26, 2018 4:10 pm
Forum: Investing - Help with Personal Investments
Topic: Need help with IPS - decumulating stable value and bonds
Replies: 8
Views: 370

Re: Need help with IPS - decumulating stable value and bonds

I would sell bonds not because "bonds are down" -which they are not- but because 3% in a stable value fund is a little more return than you can expect from bonds you hold now and the deal can't be replaced. That is how I feel.... but how do I incorporate that into my IPS? Should I start selling sta...
by vtMaps
Fri Jan 26, 2018 2:33 pm
Forum: Investing - Help with Personal Investments
Topic: Need help with IPS - decumulating stable value and bonds
Replies: 8
Views: 370

Re: Need help with IPS - decumulating stable value and bonds

You want to move a bond investment in an IRA to a Roth IRA where it can remain invested in bonds. I am a little lost on what the problem is. Maybe if you can be more specific as to the dilemma we could help. Moving the bond fund from an IRA to a Roth IRA is not a problem. But we are also spending d...
by vtMaps
Fri Jan 26, 2018 1:14 pm
Forum: Investing - Help with Personal Investments
Topic: Need help with IPS - decumulating stable value and bonds
Replies: 8
Views: 370

Re: Need help with IPS - decumulating stable value and bonds

Here is a document about receiving income from TIAA-CREF. Thanks, but I think that document is meant for TIAA Traditional in group retirement accounts. Our TIAA Traditional is in an IRA and is 100% liquid. We can sell it and we can buy it, but what we can buy now will not have the favorable terms o...
by vtMaps
Fri Jan 26, 2018 5:32 am
Forum: Investing - Help with Personal Investments
Topic: Need help with IPS - decumulating stable value and bonds
Replies: 8
Views: 370

Need help with IPS - decumulating stable value and bonds

We are 66 and 65 and virtually all of our retirement assets are in Fidelity and TIAA IRAs. We are spending down (and Roth converting) these assets for a few years before RMDs and SS. Our IPS asset allocation is "age in fixed income". Our portfolio is: 27% total stock mutual fund 8% TIAA real estate ...
by vtMaps
Tue Jan 23, 2018 3:50 pm
Forum: Investing - Help with Personal Investments
Topic: Roth Conversions or Knot(in stomach)
Replies: 7
Views: 762

Re: Roth Conversions or Knot(in stomach)

Will have to buy health insurance for her for 3yrs till medicare. Assuming (unlikely,IMO) that the current health insurance situation persists until DW is ready (in about 15 years?)... If she is buying her insurance on the exchange, you will want to keep your income as low as possible for those 3 y...
by vtMaps
Tue Jan 23, 2018 3:43 pm
Forum: Investing - Help with Personal Investments
Topic: Roth Conversions or Knot(in stomach)
Replies: 7
Views: 762

Re: Roth Conversions or Knot(in stomach)

The moral of this story for someone who is 18 years away from RMDs is that the "correct" strategy is going to be very sensitive to your assumptions about what your income from SS and what your RMDs will look like, even without any tax law changes. House Blend, your logic is quite correct now, but t...
by vtMaps
Mon Jan 15, 2018 4:00 pm
Forum: Personal Finance (Not Investing)
Topic: Check writing on a Roth account?
Replies: 1
Views: 184

Check writing on a Roth account?

I called Fidelity to see if I could add check writing and/or Billpay to my Roth IRA. The answer is no. It seems bizarre to me that they offer check writing on their traditional IRAs, but not on Roth IRAs. Especially so because there is no withholding tax on a Roth, and there may be withholding issue...
by vtMaps
Thu Jan 04, 2018 5:49 pm
Forum: Personal Finance (Not Investing)
Topic: State Farm vs Geico
Replies: 68
Views: 4957

Re: State Farm vs Geico

I've had State Farm for 25 years and I'm not switching now to save $50 bucks and then have Geico and separately Liberty Mutual (overlaid by Geico). +1 Every couple of years I comparison shop... I compared my SF home/auto/umbrella with other companies. Each time the result was the same... I might be...
by vtMaps
Tue Jan 02, 2018 7:40 pm
Forum: Personal Finance (Not Investing)
Topic: State Farm vs Geico
Replies: 68
Views: 4957

Re: State Farm vs Geico

If you have auto and umbrella from Geico, but homeowner's insurance from another company, does the umbrella cover homeowner liability above the limits of the homeowner policy (up to the umbrella limit)?

--vtMaps
by vtMaps
Sat Dec 30, 2017 8:49 am
Forum: Investing - Help with Personal Investments
Topic: Wisdom of 2017 Roth conversion
Replies: 8
Views: 443

Re: Wisdom of 2017 Roth conversion

How much can you convert if you go to the top of the 15% bracket? Isn't it already too late for a 2017 conversion?

--vtMaps
by vtMaps
Fri Dec 22, 2017 1:25 pm
Forum: Investing - Theory, News & General
Topic: Bitcoin in Freefall
Replies: 162
Views: 16628

Re: Bitcoin in Freefall

nisiprius wrote:
Fri Dec 22, 2017 1:17 pm
"Gravitates" higher... interesting kind of "gravity..."
It sort of makes sense, since the price of bitcoin had been plummeting upwards until today :confused

--vtMaps
by vtMaps
Tue Dec 19, 2017 9:30 am
Forum: Investing - Help with Personal Investments
Topic: Trying to model my portfolio--but I think I "broke" i-ORP and RPM!
Replies: 8
Views: 892

Re: Trying to model my portfolio--but I think I "broke" i-ORP and RPM!

Thanks. Great advice for the starting point. I will for sure be in the (current) 25% bracket at age 70. Where I get into the weeds, for example, is then trying to model whether it's worthwhile to maybe even pay for some ROTH conversions now into the (current) 25% bracket--because of the value of th...
by vtMaps
Sun Dec 17, 2017 6:24 am
Forum: Personal Finance (Not Investing)
Topic: H&R Block Software
Replies: 131
Views: 12072

Re: H&R Block Software

I am planning to take advantage of one of the low-income free tax software options. Hope I don't regret the decision. I use H&R Block Deluxe to print all my federal and state forms for submission by certified mail. I will never use one of those "low-income free tax software options" if I have to e-...
by vtMaps
Sat Dec 16, 2017 2:54 pm
Forum: Personal Finance (Not Investing)
Topic: H+R Block Tax Software- discount. Which version?
Replies: 5
Views: 711

Re: H+R Block Tax Software- discount. Which version?

I didn't see it on their website but I guess I missed it. Thanks! Here's the page for Basic: https://www.hrblock.com/tax-software/basic-tax-software/ There is a link on the right: "Requirements & Supported forms >" If you click the link it pops up a subwindow with a button to download a .pdf list o...
by vtMaps
Fri Dec 15, 2017 6:21 pm
Forum: Personal Finance (Not Investing)
Topic: H+R Block Tax Software- discount. Which version?
Replies: 5
Views: 711

Re: H+R Block Tax Software- discount. Which version?

The basic software does virtually everything the premium version does. HR Block website has info on which versions of their software support which IRS forms. If you already know which forms you need, just look and see if Basic supports them.

--vtMaps
by vtMaps
Sat Nov 25, 2017 5:51 pm
Forum: Personal Finance (Not Investing)
Topic: H&R Block Software
Replies: 131
Views: 12072

Re: H&R Block Software

Does deluxe handle everything? We file schedule C with home office, depreciation etc. I am fine without the handholding as long as the forms are supported 100%. Does it import taxact? No way I am paying taxact $64 this year. We also do schedule C, home office, etc with Deluxe (not much hand-holding...
by vtMaps
Fri Nov 17, 2017 11:09 am
Forum: Personal Consumer Issues
Topic: Has used furniture dropped in value dramatically?
Replies: 108
Views: 9541

Re: Has used furniture dropped in value dramatically?

On the subject of furniture losing its value... has anyone tried to sell a piano lately?

--vtMaps :(
by vtMaps
Sat Nov 11, 2017 4:41 pm
Forum: Personal Finance (Not Investing)
Topic: A penny saved is NOT a penny earned ..
Replies: 16
Views: 2477

Re: A penny saved is NOT a penny earned ..

If you earn, for example, $1,000 GROSS MORE from your job and put the net in the bank or pay down debt, your net is only about (give or take depending on marginal tax rate) $750.00. To have, net in pocket, you would need to earn about $1,333 MORE GROSS. But earning the extra $1,000 may increase you...
by vtMaps
Fri Nov 03, 2017 9:00 am
Forum: Personal Finance (Not Investing)
Topic: Social Security Spousal Benefit Question
Replies: 4
Views: 618

Re: Social Security Spousal Benefit Question

It may (or may not) be better for her to switch to her own benefits now. Main thing is to maximize (by delaying until 70) the larger benefit (which I will presume is yours). In order to benefit from both of you delaying until 70, you must both live past her break even point. The chances are very goo...
by vtMaps
Fri Nov 03, 2017 8:47 am
Forum: Investing - Help with Personal Investments
Topic: Accidentally bought $20,000 worth of I Bonds
Replies: 17
Views: 4915

Re: Accidentally bought $20,000 worth of I Bonds

One other consideration... if the 2nd transaction does go through (even if it is later reversed), is there enough money in the funding account to avoid overdraft issues?

--vtMaps
by vtMaps
Tue Oct 31, 2017 8:24 am
Forum: Personal Finance (Not Investing)
Topic: SS earnings limit with unpredictable earned income
Replies: 2
Views: 366

Re: SS earnings limit with unpredictable earned income

Check here: https://www.ssa.gov/OP_Home%2Fhandbook/handbook.18/handbook-toc18.html especially 1814 and 1822. Thanks, Penguin. From 1822 (emphasis mine): When you file your expected earnings report, you are encouraged to make a high estimate of earnings for the year. From When is an individual “at f...
by vtMaps
Tue Oct 31, 2017 4:33 am
Forum: Personal Finance (Not Investing)
Topic: SS earnings limit with unpredictable earned income
Replies: 2
Views: 366

SS earnings limit with unpredictable earned income

I am advising a friend who recently became widowed. She is 63. Her PIA is larger than that of her late husband. I have advised her to file for restricted survivor’s benefits with the intention of switching to her own retirement benefit at age 70. One thing I can’t explain to her (because I don’t und...
by vtMaps
Wed Oct 18, 2017 5:36 am
Forum: Personal Finance (Not Investing)
Topic: how long did it take to get used to retirement
Replies: 105
Views: 11008

Re: how long did it take to get used to retirement

I have been retired for about a decade. The question you ask doesn't make sense to me... I never really got used to working. I am so busy... I don't know how I ever found the time to work. I think retirement is my natural state.

--vtMaps
by vtMaps
Sun Oct 15, 2017 1:46 pm
Forum: Investing - Help with Personal Investments
Topic: Taxes and withdrawal strategy in retirement
Replies: 7
Views: 1434

Re: Taxes and withdrawal strategy in retirement

Is your mom collecting social security? If so, how much? What is her AGI? Tax brackets are not simple when SS is involved. Depending on her AGI and her SS benefit, she probably has a 22.5% marginal bracket before she gets to a 15% bracket. She may benefit by 'saltatory decumulation'. That is, she ma...
by vtMaps
Sat Oct 14, 2017 11:54 am
Forum: Investing - Theory, News & General
Topic: IBonds - now or wait? [November 2017 rate]
Replies: 40
Views: 6438

Re: November 2017 - New I bond rate?

welderwannabe wrote:
Sat Oct 14, 2017 9:48 am
Am I to also understand that it is basically cast in stone that it is based exactly on the CPI rate as DH calculated
Yes.

--vtMaps
by vtMaps
Wed Oct 11, 2017 4:41 pm
Forum: Personal Finance (Not Investing)
Topic: Another SS Spousal Benefit Post
Replies: 5
Views: 659

Re: Another SS Spousal Benefit Post

Is it correct, that as soon as my wife turns 66 (FRA), I can (after applying to Social Security department) receive half of what she receives each month? And that I can receive this amount until I reach 66 (FRA) when at that time I would begin to receive my own SS? No. You cannot do what you are pr...
by vtMaps
Wed Oct 04, 2017 12:18 pm
Forum: Personal Finance (Not Investing)
Topic: Senior citizens can lose everything [to professional guardians via court rulings]
Replies: 111
Views: 10676

Re: Senior citizens can lose everything [to professional guardians via court rulings]

MathWizard wrote:
Tue Oct 03, 2017 2:45 pm
The ex parte part is what would have me most worried, and seems to violate due process.
+1. That is the essence of the problem. Our courts system is adversarial... it doesn't function fairly when only one side is represented.

--vtMaps
by vtMaps
Thu Sep 28, 2017 3:11 am
Forum: Personal Consumer Issues
Topic: $700 to install a dishwasher seem by a plumber?!
Replies: 65
Views: 5021

Re: $700 to install a dishwasher seem by a plumber?!

Our run-of-the mill dishwasher needs replacing and our condo requires the installation be done by a licensed plumber Maybe the problem here is semantics. In my mind, installing a dishwasher is different than replacing a dishwasher. Install means hookups (water, electric) need to be installed... tha...
by vtMaps
Thu Sep 28, 2017 2:54 am
Forum: Investing - Help with Personal Investments
Topic: Allocation in TIAA-CREF
Replies: 27
Views: 2424

Re: Allocation in TIAA-CREF

So can you leave money in the fund indefinitely (besides RMD, obviously), and if so, does the fact that it is an "annuity" have any ramifications on death? Would it transfer to a beneficiary just like IRA money? Or would it have no value like a single-life annuity? It behaves like a mutual fund and...
by vtMaps
Tue Sep 26, 2017 2:16 pm
Forum: Personal Consumer Issues
Topic: GM Master Card Site
Replies: 7
Views: 835

Re: GM Master Card Site

It's legitimate. I don't particularly care for the new site... too much emphasis on making your computer screen look like a smartphone.

--vtMaps
by vtMaps
Thu Sep 14, 2017 10:05 am
Forum: Personal Finance (Not Investing)
Topic: Turned down for umbrella insurance
Replies: 57
Views: 6334

Re: Turned down for umbrella insurance

I just got a quote from State Farm for $1m. The price was $415, which I thought might be high. Do you mind sharing what your pay? Thanks. $2m with state farm = $217 per year. btw, I got quotes from Geico last year... car insurance was half what I'm paying with SF, umbrella was over $500, and they d...
by vtMaps
Mon Sep 11, 2017 3:44 am
Forum: Personal Finance (Not Investing)
Topic: Can spouse's LLC deduct JOINT health Insur premiums as business expense?
Replies: 7
Views: 813

Re: Can spouse's LLC deduct JOINT health Insur premiums as business expense?

Regarding the Self-employed health insurance deduction (line 29 on form 1040)... Will you be purchasing your insurance through the exchange AND getting premium subsidies through the ACA? If so, be prepared for a challenging tax return. Line 29 (Self-employed health insurance deduction) reduces your ...
by vtMaps
Sat Sep 09, 2017 8:09 pm
Forum: Investing - Help with Personal Investments
Topic: Why Total Stock Market vs. Extended Market?
Replies: 20
Views: 3911

Re: Why Total Stock Market vs. Extended Market?

I'm a bit hazy on the concept, but my understanding is that the s&p 500 is subject to a type of front-running. This occurs when companies are added to or removed form the index. If it is known that a company will be added to the s&p 500, that means that passive s&p 500 index funds will have to buy a...
by vtMaps
Fri Sep 08, 2017 4:07 am
Forum: Personal Finance (Not Investing)
Topic: Guaranteed 7% Real Estate Deal: Pull from Stock Market?
Replies: 36
Views: 4277

Re: Guaranteed 7% Real Estate Deal: Pull from Stock Market?

UncleBen wrote:
Fri Sep 08, 2017 3:36 am
If you can afford it and want to play, I'd say 5% of your portfolio, max.
That's good advice, if you are emotionally capable of heeding it. The time may/will come where you feel that you will lose your initial investment, unless you invest just a little bit more...

--vtMaps
by vtMaps
Sat Sep 02, 2017 3:11 am
Forum: Investing - Help with Personal Investments
Topic: Start TSP disbursements and delay social security -- or the other way around?
Replies: 51
Views: 4392

Re: Start TSP disbursements and delay social security -- or the other way around?

How is that possible? I would think if you stretched it out to 100 years old, the higher SS payouts would be more beneficial. Perhaps I did something wrong. :annoyed I write my own spreadsheets to figure out SS optimization. I really don't like I-orp because of the assumptions it makes. There are a...
by vtMaps
Fri Aug 25, 2017 12:47 pm
Forum: Personal Finance (Not Investing)
Topic: Social Security Benefits
Replies: 31
Views: 3189

Re: Social Security Benefits

Have you run your numbers of what was comtributed to your SS account? After adjusting out SS disability insurance and only assuming a 5% rate of return, my personal annuity would be providing me an additional $1,000 a month more without touching the principal. And if I used the S&P 500 returns I wo...
by vtMaps
Fri Aug 25, 2017 4:25 am
Forum: Personal Finance (Not Investing)
Topic: Rejected By Two Banks For an On-Line Savings Account….why?
Replies: 24
Views: 3851

Re: Rejected By Two Banks For an On-Line Savings Account….why?

Ally called me today saying that their "back room" could not verify my ss# to open an account. They want a copy of my drivers license and a copy of my ss#. Synchrony never asked me to send anything two months ago. Weird Really? Keep in mind I'm grumpy and suspicious but I wouldn't do that without a...
by vtMaps
Fri Aug 25, 2017 4:17 am
Forum: Personal Finance (Not Investing)
Topic: Social Security Benefits
Replies: 31
Views: 3189

Re: Social Security Benefits

Thanks for the info. The more you dig into it the more you realize it is a bad annuity product. Are you referring to SS being a bad product? Do you understand the bend points? Compared to what you can buy in the private sector, SS is a fantastic annuity product (at least up to the second bend). --v...
by vtMaps
Thu Aug 24, 2017 3:56 am
Forum: Personal Consumer Issues
Topic: Miles Davis: Kind of Blue - Question for Jazz experts
Replies: 49
Views: 3727

Re: Miles Davis: Kind of Blue - Question for Jazz experts

protagonist wrote:
Thu Aug 24, 2017 1:16 am
Sticking with Miles, you would probably enjoy In a Silent Way. It is very accessible.
+1
Also try Miles' "Someday my Prince Will Come"

--vtMaps
by vtMaps
Wed Aug 16, 2017 3:31 am
Forum: Personal Consumer Issues
Topic: [Prevent mail theft; sign for USPS Informed Delivery]
Replies: 213
Views: 17755

Re: Postal Service -- "informed delivery"

IMO wrote:
Wed Aug 16, 2017 1:59 am
Not to mention mail is often put into someone else's box due to postal service mistake.
+1. This happens to us every week. Really makes me want to go paperless... but that won't happen... must keep paper statements so DW can manage our affairs when I am dead or unable.

--vtMaps
by vtMaps
Mon Aug 14, 2017 9:04 am
Forum: Forum Issues and Administration
Topic: Forum software upgrade bug reports and change requests
Replies: 431
Views: 69128

Re: Forum software upgrade bug reports and change requests

Since the most recent upgrade I have not been receiving email notifications of new posts to threads that I subscribe to.

--vtMaps
by vtMaps
Mon Aug 14, 2017 8:58 am
Forum: Personal Finance (Not Investing)
Topic: Vt Tax Dept. Notice of Intent to Assess - Audit
Replies: 6
Views: 971

Re: Vt Tax Dept. Notice of Intent to Assess - Audit

This morning I spoke to an examiner at the audit division of the Vt dept of taxes. She looked at the electronic data from the IRS and immediately mentioned that it was curious that we had the same number ($14,363) on lines 12 (business income) and 13 (capital gains) of form 1040. She asked if we had...
by vtMaps
Sun Aug 13, 2017 2:16 pm
Forum: Personal Finance (Not Investing)
Topic: Are we house poor? [Property Tax Madness]
Replies: 79
Views: 9142

Re: Property Tax Madness

My question is, is there a downside to having the appraised value of our home significantly reduced? Or, is there any advantage in having the county appraise our home at higher price? Would it affect the market value of our home if we decided to sell (hurt or help)? Lowering the appraised value MAY...
by vtMaps
Sun Aug 13, 2017 10:33 am
Forum: Personal Finance (Not Investing)
Topic: Vt Tax Dept. Notice of Intent to Assess - Audit
Replies: 6
Views: 971

Re: Vt Tax Dept. Notice of Intent to Assess - Audit

I would suggest pulling up a transcript from the IRS transcript service and see what their system thinks you filed. That's great advice! Can't do it online. Their system requires that I have a mobile phone account in my name and capable of receiving text messages. I have an old tracfone flip-phone ...