Search found 14 matches

by Winkdinkerson
Mon Feb 25, 2019 10:45 pm
Forum: Personal Finance (Not Investing)
Topic: [2018 tax return - How does it compare to previous years?]
Replies: 441
Views: 37245

Re: [2018 tax return - How does it compare to previous years?]

Hawaii resident. Hit by SALT limitation, but effective tax rate is basically the same. 2017 effective federal tax rate was 18.40%. 2018 effective federal tax rate was 18.32%.
by Winkdinkerson
Wed Oct 18, 2017 12:42 pm
Forum: Personal Consumer Issues
Topic: Recommendations on quartz countertops
Replies: 9
Views: 2050

Re: Recommendations on quartz countertops

Second the recommendation of the www.houzz.com website. Really a wealth of information about home remodeling, countertops, cabinets, sinks, hardware, etc.
by Winkdinkerson
Wed Oct 18, 2017 12:38 pm
Forum: Personal Consumer Issues
Topic: Business Laptop Suggestions Request
Replies: 36
Views: 4231

Re: Business Laptop Suggestions Request

I bought a Lenovo X1 Carbon with i5 processor, 8GB RAM, and 256 SSD drive 5 months ago. Extremely light (2.5 lbs), and I really like Lenovo's keypad . Also excellent battery life, compared to my 3 year old Sony VAIO. Liking it very much.
by Winkdinkerson
Fri May 19, 2017 11:59 am
Forum: Investing - Theory, News & General
Topic: For those with $500k-$1m in investments...
Replies: 211
Views: 33624

Re: For those with $500k-$1m in investments...

56 yrs old. Wife and I have 18% taxable, 82% tax deferred. 5 years ago we only had about 3% in taxable, but major promotion resulted in maxing out of tax advantaged space.
by Winkdinkerson
Wed Dec 07, 2016 7:04 pm
Forum: Personal Finance (Not Investing)
Topic: Pension Question
Replies: 8
Views: 1816

Re: Pension Question

My spouse's company has a pension that uses the calculation: Annual Salary x .1% x Number of Years of Service x "Multiplier" The company penalizes you 6% per year for every year you leave early(before your retirement age). And the "Multiplier" goes down the older you get: So the multiplier number b...
by Winkdinkerson
Fri Nov 18, 2016 3:20 pm
Forum: Personal Investments
Topic: Rolling Roth 401K into Roth IRA and 5 year Rule
Replies: 9
Views: 3949

Re: Rolling Roth 401K into Roth IRA and 5 year Rule

So any Roth IRA distribution you took for the first 5 years would be non qualified. However, because the Roth 401k will be qualified at the time of the rollover it is treated as Roth IRA basis after the rollover. That means that under the Roth IRA ordering rules, the entire balance of the rollover ...
by Winkdinkerson
Fri Nov 18, 2016 12:21 pm
Forum: Personal Investments
Topic: Rolling Roth 401K into Roth IRA and 5 year Rule
Replies: 9
Views: 3949

Re: Rolling Roth 401K into Roth IRA and 5 year Rule

There is no penalty or tax on Roth IRA distributions from a Roth 401k rollover up to the amount of your Roth 401k rollover because your Roth 401k will be qualified by that time (5 years and age 59.5). Therefore, you could withdraw the entire rollover amount from your Roth IRA anytime without tax or...
by Winkdinkerson
Wed Nov 16, 2016 9:48 pm
Forum: Personal Investments
Topic: Rolling Roth 401K into Roth IRA and 5 year Rule
Replies: 9
Views: 3949

Rolling Roth 401K into Roth IRA and 5 year Rule

Hi All: I am 55 and currently have a Roth 401K holding about $110K. I also have a much larger regular 401K (about 6X my Roth 401K holdings). I plan to retire in around 7 years at age 62, and plan to roll my Roth 401K into a Roth IRA ( currently don't have a Roth IRA). It's my understanding that 7 ye...
by Winkdinkerson
Mon Oct 31, 2016 9:19 pm
Forum: Personal Consumer Issues
Topic: Replacing run-flat tires on BMW
Replies: 34
Views: 22685

Re: Replacing run-flat tires on BMW

I replaced the run flats on a 2010 328i with go-flats (Michelin Pilot A/S3). I did not notice any real change in handling or cornering -the setup with the run-flats was fairly stiff, and it softened up just a bit. I replaced them because of the cost and the quick wear (Continentals wore out at aroun...
by Winkdinkerson
Wed Jun 29, 2016 1:13 pm
Forum: Personal Finance (Not Investing)
Topic: Quit Job - Qualifying Event?
Replies: 6
Views: 4051

Re: Quit Job - Qualifying Event?

I'm sorry - my prior post was not responsive to your question. Since you both have health coverage through your employers, you are asking whether your wife's resignation from her job would allow you to add your wife and children to the health plan you have with your own employer. I believe that woul...
by Winkdinkerson
Wed Jun 29, 2016 1:04 pm
Forum: Personal Finance (Not Investing)
Topic: Quit Job - Qualifying Event?
Replies: 6
Views: 4051

Re: Quit Job - Qualifying Event?

Assuming your wife's employer is covered by COBRA (meaning the company employed 20 or more employees on at least 50% of the business days in the prior calendar year), then yes, your wife's voluntary resignation is a COBRA qualifying event which will entitle you and your children to continuation cove...
by Winkdinkerson
Tue Mar 08, 2016 12:45 pm
Forum: Personal Finance (Not Investing)
Topic: How to classify workers: IC or employees for small business
Replies: 11
Views: 1621

Re: How to classify workers: IC or employees for small business

Both the IRS and federal Department of Labor treat independent contractor misclassification seriously. The 3 individuals look very much like employees, rather than independent contractors. Various state and federal laws utilize different tests to determine whether a worker is an independent contract...
by Winkdinkerson
Tue Feb 02, 2016 8:16 pm
Forum: Personal Finance (Not Investing)
Topic: Qualifying event: health insurance
Replies: 5
Views: 812

Re: Qualifying event: health insurance

Regarding employee health insurance: Husband is employed. Wife is employed. Each have their own insurance through their employers. Husband leaves work (quits job or gets fired or retires). Can huband go on wife's health insurance at any time of the year, or only during open enrollment? Does this gen...
by Winkdinkerson
Fri Dec 04, 2015 7:35 pm
Forum: Personal Finance (Not Investing)
Topic: Reporter Doing Story on Donated Vacation Days
Replies: 4
Views: 923

Re: Reporter Doing Story on Donated Vacation Days

The problem with donating paid leave is that the IRS generally treats accrued paid leave as gross income to the employee who "earns" the leave under Code Section 61, so it is taxable to the donating employee. There are 2 limited exceptions to this rule: (1) leave donated to another employee for "med...