Search found 285 matches

by vtMaps
Wed Aug 16, 2017 3:31 am
Forum: Personal Consumer Issues
Topic: Postal Service -- "informed delivery"
Replies: 88
Views: 4674

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: 399
Views: 54594

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: 798

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: 7771

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: 798

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 ...
by vtMaps
Sun Aug 13, 2017 9:08 am
Forum: Personal Finance (Not Investing)
Topic: Vt Tax Dept. Notice of Intent to Assess - Audit
Replies: 6
Views: 798

Vt Tax Dept. Notice of Intent to Assess - Audit

We received (first class mail) a “Notice of Intent to Assess - Audit” from the Vt department of taxes concerning our 2014 taxes. Apparently the IRS has informed the state of Vermont that our 2014 taxable income (form 1040, line 43) was $14,364 higher than what we reported on our state tax forms. Of ...
by vtMaps
Thu Aug 10, 2017 3:36 am
Forum: Investing - Help with Personal Investments
Topic: Long Healthcare CPI
Replies: 7
Views: 585

Re: Long Healthcare CPI

IOW, how can I be long healthcare? Alternately, am I asking the wrong question? Yes, I think you are asking the wrong question because: Invest in a health care index fund. I'm not sure the gains here would make up for the increase in costs.. I also doubt that the cost of your health insurance will ...
by vtMaps
Tue Aug 08, 2017 2:40 am
Forum: Personal Finance (Not Investing)
Topic: Vanguard Money Market vs. Savings Accounts
Replies: 42
Views: 5519

Re: Vanguard Money Market vs. Savings Accounts

Cash would keep up with inflation better with Vanguard (while still below inflation, better than bank) Inflation is eroding the value of our savings. The money market at least provides a little more than half of current inflation! Have you considered transitioning to ibonds? It will take a few year...
by vtMaps
Fri Aug 04, 2017 3:24 pm
Forum: Personal Finance (Not Investing)
Topic: Social Security Widow Benefit Question (urgent)
Replies: 27
Views: 1955

Re: Social Security Widow Benefit Question (urgent)

BHUser27 wrote:So my question is: if 82.5% of Dad's PIA is greater than the actual reduced benefit he was receiving, might Mom be getting more than $1751?
Yes.

--vtMaps
by vtMaps
Fri Aug 04, 2017 11:09 am
Forum: Personal Finance (Not Investing)
Topic: Social Security Widow Benefit Question (urgent)
Replies: 27
Views: 1955

Re: Social Security Widow Benefit Question (urgent)

I thought I had read where the (FRA or older) surviving spouse could collect either the deceased spouses current payment or 81.5% of the deceased's PIA - whichever was larger. I'm not sure where I read this, but I think it was an outdated SSA policy. If the larger earner started his/her SS at age 6...
by vtMaps
Mon Jul 24, 2017 7:56 am
Forum: Personal Consumer Issues
Topic: Potential Move to the Upper Valley, NH
Replies: 24
Views: 1679

Re: Potential Move to the Upper Valley, NH

tarheel,

There is just as much upper valley on the Vermont side of the Connecticut river as the NH side. Have you considered Norwich, Vt?

--vtMaps
by vtMaps
Sun Jul 23, 2017 3:47 pm
Forum: Personal Consumer Issues
Topic: Potential Move to the Upper Valley, NH
Replies: 24
Views: 1679

Re: Potential Move to the Upper Valley, NH

I-89 between New London and Lebanon gets treacherous during the winter. This is despite road crews treating the roads, the changes in elevation on that stretch creates black ice and accidents are fairly common. There have also been quite a few collisions with moose on that stretch of the highway. M...
by vtMaps
Sun Jul 23, 2017 4:25 am
Forum: Investing - Help with Personal Investments
Topic: Stable value fund vs Vanguard Total Bond Market Index
Replies: 27
Views: 3299

Re: Stable value fund vs Vanguard Total Bond Market Index

Here is what mine consists of: The fund may invest in wrapped bonds, a limited amount of unwrapped bonds, cash, and U.S. government Series I savings bonds. For the wrapped bonds, the fund invests in insurance contracts ("wrap contracts") which allow the portfolio to earn a specified rate ...
by vtMaps
Thu Jul 20, 2017 11:33 am
Forum: Personal Finance (Not Investing)
Topic: SS survivor's benefit for my spouse
Replies: 15
Views: 1095

Re: SS survivor's benefit for my spouse

JohnFiscal wrote:I have been presented with a tool that indicates her survivor benefit is knocked down and this doesn't seem right to me.

What tool?

--vtMaps
by vtMaps
Mon Jul 17, 2017 2:35 am
Forum: Investing - Help with Personal Investments
Topic: Roth Conversion Help
Replies: 5
Views: 566

Re: Roth Conversion Help

As celia mentioned, do the conversion into an empty account. Specify NO withholding on the conversion, and pay the tax with separate funds. You may wish to do multiple smaller conversions (each into an empty account). For example, you could convert a stock fund and a bond fund separately. If one of ...
by vtMaps
Mon Jul 10, 2017 8:08 pm
Forum: Personal Finance (Not Investing)
Topic: Beware of retroactive payments when claiming SS
Replies: 13
Views: 1572

Re: Beware of retroactive payments when claiming SS

I very recently made that switch, from spousal to own. And yes, the SS rep did have that "do you want to start now or exactly when 70?" conversation. I have no personal experience (yet), but my understanding (based on what i have read in this forum) is that if you are receiving restricted...
by vtMaps
Wed Jul 05, 2017 6:45 pm
Forum: Personal Finance (Not Investing)
Topic: Saltatory decumulation as a tax strategy.
Replies: 19
Views: 2159

Re: Saltatory decumulation as a tax strategy.

Based on what you've posted I'm concerned you may have crossed up your Gross Income (AGI ) vs Taxable Income concepts. The top of the 15% bracket in round numbers for 2016 was 98K Gross Income ( AGI ). Taxable Income = 98K - 23K ( $15K Std Deduction + 8K Personal Exemptions ) = 75K Taxable Income, ...
by vtMaps
Wed Jul 05, 2017 4:43 pm
Forum: Personal Finance (Not Investing)
Topic: Saltatory decumulation as a tax strategy.
Replies: 19
Views: 2159

Re: Saltatory decumulation as a tax strategy.

Your 2+2 strategy appears optimal. Assuming $31K/yr in SS and no other income , - 2 years of taxable income at the top of the 10% bracket, from $32520 in tIRA withdrawals There is no 10% bracket. The brackets are 0%, 15%, 18%, 28%, 15%, 25%... $32.5k is the top of the 18% bracket. In hindsight: tha...
by vtMaps
Wed Jul 05, 2017 2:40 pm
Forum: Personal Finance (Not Investing)
Topic: Saltatory decumulation as a tax strategy.
Replies: 19
Views: 2159

Re: Saltatory decumulation as a tax strategy.

Regarding calculators, it looks like you have used something to calculate the tax under each scenario. Did you use TaxCaster? I wrote my own spreadsheets. Can you say what your tax would be each year, i.e. with $21K, $32K, $52k, $72k, and $147k? I would think the ideal plan would be to take out the...
by vtMaps
Wed Jul 05, 2017 10:57 am
Forum: Personal Finance (Not Investing)
Topic: Saltatory decumulation as a tax strategy.
Replies: 19
Views: 2159

Re: Saltatory decumulation as a tax strategy.

How did you come up with $72K? The SS tax hump is a hump. After the hump the marginal tax bracket decreases. 52.4k of ordinary income (on top of SS) will take us through the 28% hump. The next 20.4k of ordinary income is 15% bracket. Above that and we are in 25% bracket. Thus, 72.8k fills out the 1...
by vtMaps
Wed Jul 05, 2017 10:46 am
Forum: Personal Finance (Not Investing)
Topic: For those of you who handle all the finances, how do you keep your spouse "in the know"
Replies: 54
Views: 5617

Re: For those of you who handle all the finances, how do you keep your spouse "in the know"

Several folks have mentioned their use of a safe deposit box as a way to safeguard information for a surviving spouse. Be aware that in many/most/all? states, a safe deposit box is sealed after the death of an owner and is not accessible to a surviving co-owner. If you want to leave something for yo...
by vtMaps
Wed Jul 05, 2017 10:23 am
Forum: Investing - Help with Personal Investments
Topic: What is the advantage of deferring taxes vs paying them up front?
Replies: 57
Views: 5055

Re: What is the advantage of deferring taxes vs paying them up front?

Thanks for the explanation. I would be curious to see a separate thread on how to deal with your situation now. Would it make sense to withdraw more than your RMD from the deferred accounts, or do Roth conversions? Yes! I wrote about it here: https://www.bogleheads.org/forum/viewtopic.php?f=2&t...
by vtMaps
Wed Jul 05, 2017 10:00 am
Forum: Investing - Help with Personal Investments
Topic: What is the advantage of deferring taxes vs paying them up front?
Replies: 57
Views: 5055

Re: What is the advantage of deferring taxes vs paying them up front?

We will be facing much higher brackets (up to 46%) when we begin social security with its tax hump. Can you explain that given that the highest tax bracket is 39.6%? Here's two examples: for Married filing jointly, both over 65, standard deduction and exemptions: SS income of $51k and other income ...
by vtMaps
Wed Jul 05, 2017 4:14 am
Forum: Investing - Help with Personal Investments
Topic: What is the advantage of deferring taxes vs paying them up front?
Replies: 57
Views: 5055

Re: What is the advantage of deferring taxes vs paying them up front?

I did understand both that tax rates are likely to be lower at retirement and that... That is very often not the case. We put virtually all of our investments in tax-deferred retirement accounts. During our accumulating years we were in a 15%-25% marginal brackets. Now we are in a much higher margi...
by vtMaps
Mon Jul 03, 2017 1:07 pm
Forum: Personal Finance (Not Investing)
Topic: Another Social Security Question
Replies: 16
Views: 1566

Re: Another Social Security Question

Her own benefit is very small but either way it looks like she should draw on her own record at 62 and wait till 67 to draw survivors When I draw mine at 66.5 she could draw spousal benefit at that time. I am 3 years older than her. Whew...a lot to take in, probably not as complicated as it seems t...
by vtMaps
Mon Jul 03, 2017 10:12 am
Forum: Personal Finance (Not Investing)
Topic: Another Social Security Question
Replies: 16
Views: 1566

Re: Another Social Security Question

I would have thought her starting at 62 would have reduced her survivors benefit. Generally, her survivor's benefit is your benefit. The longer you wait to defer SS, the larger your benefit and the larger will be her survivor's benefit. If you were to die after FRA, but before you had begun to rece...
by vtMaps
Sun Jul 02, 2017 4:34 am
Forum: Personal Consumer Issues
Topic: Bogleheads: you should be buying 10-year old cars
Replies: 173
Views: 13270

Re: Bogleheads: you should be buying 10-year old cars

Recently we have been trading in our cars in 2-3 years with about 25k-35k miles. I think it is the cheapest way to own a car for us. We live on a dirt road in Vermont. It is not an easy life for the car. We drive AWD or 4WD vehicles and the maintenance on them is expensive after the warranty. Any ca...
by vtMaps
Tue Jun 27, 2017 4:01 am
Forum: Personal Consumer Issues
Topic: Etiquette question regarding access easement usage
Replies: 28
Views: 3067

Re: Etiquette question regarding access easement usage

One way to go about this is to introduce yourself to him and let him know that you will be using the access a bit more. You could offer to help with the maintenance of the common part of the road.

--vtMaps
by vtMaps
Mon Jun 26, 2017 3:36 am
Forum: Personal Finance (Not Investing)
Topic: Where to find a financially like-minded significant other?
Replies: 140
Views: 8708

Re: Where to find a financially like-minded significant other?

I am a single 31yo male living in the SF bay area <snip> I find it incredibly hard to find a "boglehead" partner, someone who just likes to live below their means. <snip> net worth of 500k$ (expecting to grow exponentially from now on because of much better work positions) It's one thing ...
by vtMaps
Thu Jun 22, 2017 1:32 pm
Forum: Personal Finance (Not Investing)
Topic: Income Tax Calculation?
Replies: 18
Views: 1829

Re: Income Tax Calculation?

I wanted to see the tax impact ( Federal + State) of prospectively taking additional withdrawals from our tIRA accounts in the event of planned & unplanned big ticket expense items . If you think your situation is bad now, wait until one of you passes. The survivor will have lower SS income, hi...
by vtMaps
Wed Jun 14, 2017 7:48 pm
Forum: Investing - Theory, News & General
Topic: The amount of mined gold is increasing fairly rapidly, IMO
Replies: 22
Views: 1596

Re: The amount of mined gold is increasing fairly rapidly, IMO

I don't know all the particulars of where and how modern gold mining happens, but in fact, the amount of gold being mined nowadays, in comparison to the total amount already mined/available, is, IMO, fairly high. i.e. The rate by which the gold supply is growing is non-trivial. <snip> So, let's tak...
by vtMaps
Mon Jun 12, 2017 10:07 am
Forum: Personal Consumer Issues
Topic: Ally Website and Mobile Banking Down???
Replies: 14
Views: 1508

Re: Ally Website and Mobile Banking Down???

I think they're down again. I called customer service (with a projected 3 minute wait. While I was waiting the projected wait time kept increasing. I hung up when the wait grew to 10 minutes.

--vtMaps
by vtMaps
Sat Jun 10, 2017 10:00 am
Forum: Personal Finance (Not Investing)
Topic: Is there a calculator that solves for optimal Roth conversion
Replies: 54
Views: 4503

Re: Is there a calculator that solves for optimal Roth conversion

...Note that the best solution that I've found with my spreadsheets does not have a uniform draw down for the 4 years. --vtMaps This is quite odd. We have a progressive FIT system, so it's generally better (less taxing) to have steady income year to year, rising by no more than a few percent, vs ha...
by vtMaps
Sat Jun 10, 2017 7:55 am
Forum: Personal Finance (Not Investing)
Topic: Is there a calculator that solves for optimal Roth conversion
Replies: 54
Views: 4503

Re: Is there a calculator that solves for optimal Roth conversion

I looked over all the available calculators but I could not see one that solved for the size of recommended Roth conversions by year while also checking that 1) the Roth savings are not offset by taxing SS at 85%, 2) minimizing the loss of ACA credits, 3) losing tax free long term capital gains whe...
by vtMaps
Fri Jun 09, 2017 7:37 pm
Forum: Personal Finance (Not Investing)
Topic: Fidelity Cash Management Account--any real life experience you can share?
Replies: 31
Views: 5209

Re: Fidelity Cash Management Account--any real life experience you can share?

Also, Fidelity doesn't operate an FDIC-Insured Bank itself but acts as the Bank Cash Manager. They work with about 15 FDIC insuranced banks - including big names like Wells Fargo, US Bank, HSBC, Citibank, etc. which is where your money is held. Depending on how much money you have in the Fidelity C...
by vtMaps
Wed Jun 07, 2017 11:22 am
Forum: Investing - Help with Personal Investments
Topic: Can I tax loss harvest and then buy the same thing again?
Replies: 14
Views: 846

Re: Can I tax loss harvest and then buy the same thing again?

Correct, just transfer the $$ into VOO and you'll be fine: a valid tax loss harvested and never out of the market... Yes, but as mortfree points out, if your other shares of VTI are set to reinvest dividends, that may cause a wash sale even if you replace (some of) the VTI with VOO. And by the way,...
by vtMaps
Sun Jun 04, 2017 11:12 am
Forum: Personal Finance (Not Investing)
Topic: Can anyone help re: calculating income for ACA eligibility?
Replies: 23
Views: 1228

Re: Can anyone help re: calculating income for ACA eligibility?

First of all, if you get it wrong (your estimated income) it will be reconciled when you do your taxes. When you apply for exchange health insurance, there will be a questionnaire about your income. If you feel that your past income is not a good estimate for this year, you can explain and request a...
by vtMaps
Sun Jun 04, 2017 6:46 am
Forum: Personal Finance (Not Investing)
Topic: When to take Social Security, SSAnalyze, and the TVM?
Replies: 16
Views: 1971

Re: When to take Social Security, SSAnalyze, and the TVM?

it is his age that has the most importance, not mine. I can raise my age higher and higher and the calculator still recommends I begin at 62. If I raise his age higher than 90, then it recommends we both begin SS at 70. I have also noticed that about I-ORP. I think it's terrible advice. As Chip poi...
by vtMaps
Thu Jun 01, 2017 12:51 pm
Forum: Personal Finance (Not Investing)
Topic: Saltatory decumulation as a tax strategy.
Replies: 19
Views: 2159

Re: Saltatory decumulation as a tax strategy.

It almost never makes sense to take more than the RMD, unless you actually need more than the RMD to cover expenses. In virtually all other cases, a Roth conversion would be a better use for amounts above the RMD. Of course, if we withdraw more than RMD it will go to roth conversion. Virtually all ...
by vtMaps
Thu Jun 01, 2017 7:06 am
Forum: Personal Finance (Not Investing)
Topic: Saltatory decumulation as a tax strategy.
Replies: 19
Views: 2159

Re: Saltatory decumulation as a tax strategy.

Thanks, I looked at I-ORP once before, but I don't remember it being able to strategize like in my example. Would it tell me to withdraw 72,845 for two years and 32,525 for two years?

I will look again at I-ORP.

--vtMaps
by vtMaps
Thu Jun 01, 2017 4:22 am
Forum: Personal Finance (Not Investing)
Topic: Saltatory decumulation as a tax strategy.
Replies: 19
Views: 2159

Saltatory decumulation as a tax strategy.

For many folks, the early years of retirement, before SS and RMDs, are the optimal time to do roth conversions. We will only have one year to do this (squeezed between Obamacare and SS spousal benefits). During our Obamacare years our marginal income tax rate was/is 15%. But the phaseout of Premium ...
by vtMaps
Wed May 31, 2017 11:39 am
Forum: Personal Finance (Not Investing)
Topic: Umbrella Insurance options
Replies: 33
Views: 3501

Re: Umbrella Insurance options

So in line with this whole discussion....I'm currently carrying high liability limits on auto insurance due to two teenage drivers. Since umbrella policy kicks in after auto insurance limits would it make sense to drop current auto liability to lowest legal level to reduce cost of policy and let th...
by vtMaps
Wed May 31, 2017 3:21 am
Forum: Personal Finance (Not Investing)
Topic: Umbrella Insurance options
Replies: 33
Views: 3501

Re: Umbrella Insurance options

From what I understand, it is unlikely that either company will sell me an umbrella policy because I'm only buying one of the two (auto, home) from them. At least that is what I took away from the conversation. Has anyone in my situation managed to get an umbrella policy? I didn't, but could have. ...
by vtMaps
Tue May 30, 2017 3:37 pm
Forum: Personal Finance (Not Investing)
Topic: Umbrella Insurance options
Replies: 33
Views: 3501

Re: Umbrella Insurance options

We have home, autos, and umbrella with state farm. $2 million umbrella is $217 per year. A couple of months ago I got a quote on auto insurance and umbrella from geico. Their auto insurance was half what we are paying now, but their umbrella was over $500 per year, and they don't offer home owner's ...
by vtMaps
Tue May 30, 2017 4:16 am
Forum: Personal Finance (Not Investing)
Topic: Bedrock Capital's SSAnalyze is really buggy
Replies: 7
Views: 763

Re: Bedrock Capital's SSAnalyze is really buggy

I just used your example and in fact got a result with Jane filing a restricted application (I had previously done illustrations for friends born in 1953 and remembered that it worked fine). The present value was $1,129,000. The program used ages at death of 87(John) and 91(Jane) after I input the ...
by vtMaps
Mon May 29, 2017 4:23 pm
Forum: Personal Finance (Not Investing)
Topic: Bedrock Capital's SSAnalyze is really buggy
Replies: 7
Views: 763

Re: Bedrock Capital's SSAnalyze is really buggy

Chip, thanks for the probably correct explanation. I'm not sure if the other anomalies I've found are separate issues or are a manifestation of the rounding errors. With the second error, I think the problem is that the calculator "knows" that it is May 2017, so it won't allow a filing cla...
by vtMaps
Mon May 29, 2017 12:25 pm
Forum: Personal Finance (Not Investing)
Topic: Bedrock Capital's SSAnalyze is really buggy
Replies: 7
Views: 763

Bedrock Capital's SSAnalyze is really buggy

I have seen a number of threads on this forum mention Bedrock Capital’s ‘SSAnalyze’ online calculator. I tried it out and I think there are some serious bugs in it. In this post, I will present two scenarios that clearly demonstrate some of the problems I see. Consider the following married couple: ...
by vtMaps
Sun May 28, 2017 6:20 am
Forum: Investing - Help with Personal Investments
Topic: Withdrawal questions
Replies: 10
Views: 1404

Re: Withdrawal questions

Also, how would you handle the taxes – will Vanguard automatically take out needed taxes and send to IRS (25% tax bracket)? Pay quarterly? End of year? Like you, I don't know at the beginning of a year how much money I will need to withdraw from an IRA. I take what I need monthly and have no taxes ...
by vtMaps
Sat May 27, 2017 11:04 am
Forum: Investing - Help with Personal Investments
Topic: Avoiding Taxes with RMD
Replies: 59
Views: 7245

Re: Avoiding Taxes with RMD

I haven't seen it mentioned yet in this thread, but have you considered solar tax credits? If you install a renewable energy system before 2020, you can take a tax credit for 30% of your cost. The credit is on the entire cost of the system, including batteries (if you want batteries) and labor. --vt...
by vtMaps
Wed May 24, 2017 1:14 pm
Forum: Personal Finance (Not Investing)
Topic: Fidelity customer protection guarantee-void if you use Mint?
Replies: 39
Views: 3372

Re: Fidelity customer protection guarantee-void if you use Mint?

Is the issue of giving your passwords to an aggregator (such as Mint) any different than the issue of giving those passwords to password management software?

Either way you are trusting the security of your financial passwords to software that may have vulnerabilities.

--vtMaps