Search found 609 matches

by Good Listener
Thu Nov 15, 2018 6:20 pm
Forum: Personal Finance (Not Investing)
Topic: Wait, do I need a prenup?
Replies: 63
Views: 6328

Re: Wait, do I need a prenup?

Deleted.
by Good Listener
Wed Nov 14, 2018 6:34 pm
Forum: Personal Finance (Not Investing)
Topic: Failed to take RMD for 5 yrs. Inherited IRA from trust.
Replies: 8
Views: 1069

Re: Failed to take RMD for 5 yrs. Inherited IRA from trust.

I'd reverse the approach. I would find a decent accountant and let that person prepare the returns. There will be penalties of various types and they might be able to help mitigate it. I doubt your doing it and then asking for a review will be optimal or that somebody would be willing. You should fi...
by Good Listener
Mon Nov 12, 2018 3:51 pm
Forum: Personal Finance (Not Investing)
Topic: RMDs in the year one becomes 70 1/2
Replies: 24
Views: 1836

Re: RMDs in the year one becomes 70 1/2

If there is any chance you will re locate to a low income tax state, that would be a major factor in conversion planning. But you probably know that. Thanks for the thought. If I had any brains I would get out of New Jersey as it's nuts here. However I am obligated to be here forever and after that...
by Good Listener
Mon Nov 12, 2018 11:14 am
Forum: Personal Finance (Not Investing)
Topic: RMDs in the year one becomes 70 1/2
Replies: 24
Views: 1836

Re: RMDs in the year one becomes 70 1/2

OP here & I would be delighted for you to tell me I have the wrong approach. I have a whole bunch of disjointed reasons that I'll indicate below. I will be 70 in late 2022. In my mind, these next several may be the lowest years of Taxation that we will ever have. So even accounting for dropping into...
by Good Listener
Sun Nov 11, 2018 5:39 pm
Forum: Personal Finance (Not Investing)
Topic: RMDs in the year one becomes 70 1/2
Replies: 24
Views: 1836

Re: RMDs in the year one becomes 70 1/2

Thanks all. Very helpful.
So to dig deeper.....I understand that the rmd would come before a conversion. However, as long as I leave enough to satisfy the RMD amount, can I convert to a Roth in the year I turn 70.5 prior to doing a QCD after I become 70.5?
by Good Listener
Sun Nov 11, 2018 3:45 pm
Forum: Personal Finance (Not Investing)
Topic: RMDs in the year one becomes 70 1/2
Replies: 24
Views: 1836

Re: RMDs in the year one becomes 70 1/2

Any funds that you withdraw from a retirement account counts toward the RMD. But not conversions. True, ... but RMDs come out first, then conversions. Therefore once you enter the year you turn 70 you must take an RMD based upon the account balance as of 12/31/prior year. Since you will have driven...
by Good Listener
Sun Nov 11, 2018 3:14 pm
Forum: Personal Finance (Not Investing)
Topic: Google Pay (or Apple Pay)
Replies: 1
Views: 332

Google Pay (or Apple Pay)

Google pay is almost identical to Apple pay so hopefully more of you can help me. I have been using Google pay very successfully on my smartphone. I love it. I understand that there's a virtual account number of which the last four digits differ from the credit card account number and that is what p...
by Good Listener
Sun Nov 11, 2018 2:16 pm
Forum: Personal Finance (Not Investing)
Topic: RMDs in the year one becomes 70 1/2
Replies: 24
Views: 1836

RMDs in the year one becomes 70 1/2

To make it short: in the calendar year that one bevomrs 70.5, is one required to take a Required Minimum Distribution or only if there is a balance after becoming 70.5? If you would like a longer version or interested in why I am asking: I am now into a several-year strategy in attempting to fully c...
by Good Listener
Wed Nov 07, 2018 5:08 pm
Forum: Personal Consumer Issues
Topic: Moving to NYC without a job
Replies: 33
Views: 5032

Re: Moving to NYC without a job

I dont like it. You will be dependent on the significant other until you get a job. And relationships do end and do you want this dependency regardless?
by Good Listener
Wed Nov 07, 2018 4:26 pm
Forum: Personal Consumer Issues
Topic: How much to donate to local police and fire department?
Replies: 23
Views: 1768

Re: How much to donate to local police and fire department?

I always give to volunteer fire departments. Where I live, in New Jersey, our police and fire people are paid plenty in pay and benefits out of our taxes and I would never give extra to them. I am not anti police by any means but am aware of the high compensation.
by Good Listener
Mon Nov 05, 2018 6:17 pm
Forum: Investing - Help with Personal Investments
Topic: Vanguard Transactions & Cost Basis Discrepancies.
Replies: 22
Views: 1853

Re: Vanguard Transactions & Cost Basis Discrepancies.

I cant answer but they can I'm sure. On another note though, I'd stop the $10 purchases every 2 weeks. It adds a large number of tiny lots. What is the point? I'd wait unti li there is some meaningful amount to investand then make a transaction.
by Good Listener
Sat Oct 20, 2018 7:57 pm
Forum: Personal Finance (Not Investing)
Topic: Received strange letter from IRS
Replies: 14
Views: 2800

Re: Received strange letter from IRS

I am an avid reader and two of my favorite books are The Trial by Kafka and Crime and Punishment by Dostoevsky. This post reminds me of them, This is a horrible letter to get as it will make any normal person nervous and create great anxiety. Did they provide a number to call hopefully. If so, I wou...
by Good Listener
Sat Oct 20, 2018 1:19 pm
Forum: Personal Finance (Not Investing)
Topic: Waiving contingencies for co-op purchase?
Replies: 16
Views: 989

Re: Waiving contingencies for co-op purchase?

If waiving that clause would induce a seller to leave an all cash buyer for your bid that has a mortgage, then I would not waive it. There must be something wrong and I question if the broker is working in your best interest.
by Good Listener
Thu Oct 11, 2018 7:53 pm
Forum: Investing - Help with Personal Investments
Topic: What did you buy today
Replies: 111
Views: 8386

Re: What did you buy today

I bought frozen vegetables and fresh fruit. I am so proud of myself that I don't care about the declines.
by Good Listener
Thu Oct 11, 2018 7:50 pm
Forum: Personal Consumer Issues
Topic: Which one: Lyft or Uber?
Replies: 57
Views: 4260

Re: Which one: Lyft or Uber?

I use Uber exclusively although I have the Luft app too just in case. Two reasons. 1. Uber was the pioneer and without it maybe the whole concept wouldn't exist as they fought all the tough battles. 2. Lyft has taken political positions and emailed me about them and I don't like anything political i...
by Good Listener
Wed Oct 10, 2018 7:43 pm
Forum: Investing - Help with Personal Investments
Topic: I guess I'm fine
Replies: 7
Views: 1552

I guess I'm fine

I am retired and I have a 50/50 portfolio. Daily fluctuations of 1% exceed what I spend in a year. I now spend most of my day reading, walking, trying to avoid others complaining and trying to avoid the news. I listen to radio while I'm walking, alternating preset stations, one of which is Bloomberg...
by Good Listener
Wed Oct 10, 2018 7:38 pm
Forum: Personal Finance (Not Investing)
Topic: Self Employed Health Insurance Deduction
Replies: 18
Views: 1635

Re: Self Employed Health Insurance Deduction

Thanks. I mean do not want to deal with the process. I'm almost 666.... Holy smokes. You should change your screen name to Methuselah. Or Satan!!!!! :twisted: Thanks for finding my error. With my chronic neck and shoulder pain (but I do walk 1.5 hours a day) I would hate living for 666 years. That ...
by Good Listener
Tue Oct 09, 2018 7:28 pm
Forum: Personal Finance (Not Investing)
Topic: Self Employed Health Insurance Deduction
Replies: 18
Views: 1635

Re: Self Employed Health Insurance Deduction

Thanks. I mean do not want to deal with the process. I'm almost 666 and have too many annoyances already. But of course you're right; I'm just a strange bird.
by Good Listener
Sat Oct 06, 2018 4:00 pm
Forum: Personal Finance (Not Investing)
Topic: New post - car muffler and auto emissions
Replies: 12
Views: 816

Re: New post - car muffler and auto emissions

Well the end result. She went to a local well regarded service station. She got the muffler done, 4 new tires, an alignment and an oil change for $1300 or so. It would have been 2300 at the dealer and she said they were great to work with. Thanks for all the advice everybody.
by Good Listener
Sat Oct 06, 2018 3:57 pm
Forum: Personal Finance (Not Investing)
Topic: Self Employed Health Insurance Deduction
Replies: 18
Views: 1635

Re: Self Employed Health Insurance Deduction

Maybe I took that view because I didn't form an LLC or corporation and just filed individually with Schedule C. Could that matter? If I cheated myself you folks all owe me some money. It doesn't matter what the business entity type is. From the Form 1040 Instructions, Line 29 Self-Employed Health I...
by Good Listener
Fri Oct 05, 2018 7:44 pm
Forum: Personal Finance (Not Investing)
Topic: Self Employed Health Insurance Deduction
Replies: 18
Views: 1635

Re: Self Employed Health Insurance Deduction

My understanding, having been self employed for several years up to 2 years ago, is that the insurance must be in the name of the business. Not the business owner. I just had personal policies and never deducted it. Your understanding is not correct starting in 2005. IRS Chief Counsel Advice (CCA) ...
by Good Listener
Thu Oct 04, 2018 3:53 pm
Forum: Personal Finance (Not Investing)
Topic: Pros and cons of exceeding IRMA limits vs wiping out cash to purchase second home?
Replies: 7
Views: 522

Re: Pros and cons of exceeding IRMA limits vs wiping out cash to purchase second home?

The IRMAA is annoying but not devastating. I wouldn't upend my life to avoid it. It comes out of my checking account with the regular premium painlessly.
by Good Listener
Thu Oct 04, 2018 3:44 pm
Forum: Personal Finance (Not Investing)
Topic: Self Employed Health Insurance Deduction
Replies: 18
Views: 1635

Re: Self Employed Health Insurance Deduction

My understanding, having been self employed for several years up to 2 years ago, is that the insurance must be in the name of the business. Not the business owner. I just had personal policies and never deducted it.
by Good Listener
Wed Oct 03, 2018 7:26 pm
Forum: Personal Finance (Not Investing)
Topic: New post - car muffler and auto emissions
Replies: 12
Views: 816

Re: New post - car muffler and auto emissions

Does NJ actually still test emissions? I thought they just hooked up to the cars OBD and run the catalyst tests. Now that I think about it, I see them put some computer hookup under my front panel near the steering wheel when I bring mine in, so indeed this may be the case if OBD is what I am talki...
by Good Listener
Wed Oct 03, 2018 3:13 pm
Forum: Personal Finance (Not Investing)
Topic: New post - car muffler and auto emissions
Replies: 12
Views: 816

New post - car muffler and auto emissions

I messed up my other post by indicating a cost of $9000 to replace a muffler. It was $900 :oops: This rightfully threw the thread off course to the cost issue, not to what I was looking for an answer. Simply, would a rusty or corroded muffler per a mechanic, with a recommendation for replacement, ha...
by Good Listener
Tue Oct 02, 2018 6:05 pm
Forum: Personal Finance (Not Investing)
Topic: My bank and absurd policy for "no fee"
Replies: 51
Views: 4307

Re: My bank and absurd policy for "no fee"

I'm with many of the others. The bank is losing money on an account of the size to which you are referring. So maybe approach it with a smile and keep the balance at $1000 ?
by Good Listener
Sat Sep 29, 2018 6:05 pm
Forum: Investing - Theory, News & General
Topic: Moneytalk with Bob Brinker coming to an end
Replies: 70
Views: 10360

Re: Moneytalk with Bob Brinker coming to an end

Thank you so much for sharing this. He is a fine and decent man and I listened to him on and off over the years depending on whether I could get a radio signal. For some reason, in the NYC, NJ area there are zero radio stations with it. But I recently found him readily available on Talk Stream radio...
by Good Listener
Sun Sep 23, 2018 12:19 pm
Forum: Investing - Help with Personal Investments
Topic: How to fund education for grandchildren: various strategies? Help?
Replies: 23
Views: 1400

Re: How to fund education for grandchildren: various strategies? Help?

I am one of those who uses the expression "man plans and God laughs". If you could afford it I just think it's best to pay for it when the time comes. You can write the check directly to the educational Institution. But this gets back to my point about allowing the parents to plan. “I’ll write a ch...
by Good Listener
Sat Sep 22, 2018 2:32 pm
Forum: Investing - Help with Personal Investments
Topic: How to fund education for grandchildren: various strategies? Help?
Replies: 23
Views: 1400

Re: How to fund education for grandchildren: various strategies? Help?

I am one of those who uses the expression "man plans and God laughs". If you could afford it I just think it's best to pay for it when the time comes. You can write the check directly to the educational Institution.
by Good Listener
Tue Sep 18, 2018 6:49 pm
Forum: Personal Finance (Not Investing)
Topic: Guaranteed access for Medigap policies
Replies: 29
Views: 1816

Re: Guaranteed access for Medigap policies

@drawpoker...Thank you for your response. Edit" For the person you are asking about, Aetna has their own policies on existing policy holders wishing to switch down from F to G. The only way to find out is to ask. I asked. They underwrite.... Yes it sounds like the Massachusetts model is more like wh...
by Good Listener
Tue Sep 18, 2018 6:43 pm
Forum: Personal Consumer Issues
Topic: Dental work and hypertension issue
Replies: 42
Views: 3522

Re: Dental work and hypertension issue

This is what dental schools do. Maybe it's a good message as your mouth should get work from a really good dentist. Check out Aetna vital savings or Cigna Dental. It is not insurance but a discount plan and very reasonable. Most dentists do not check blood pressure. I have never had mine checked. Fo...
by Good Listener
Tue Sep 18, 2018 6:32 pm
Forum: Personal Finance (Not Investing)
Topic: Guaranteed access for Medigap policies
Replies: 29
Views: 1816

Guaranteed access for Medigap policies

For those who know about Medigap policies, in almost all states there is no guaranteed access and it is subject to underwriting, mean you may never be able to get a policy if you can't pass underwriting. New York and a few others have guaranteed access and I understand that several other states are ...
by Good Listener
Sun Sep 16, 2018 5:16 pm
Forum: Personal Finance (Not Investing)
Topic: 38% pay cut for dream job?
Replies: 61
Views: 5473

Re: 38% pay cut for dream job?

Is there a reason your wife doesn't work and is she unable to ever contribute financially? If she can home school future planned children, she must have some skills right? OP has stated that the arrangement is "best for us". Try to be a... Good Listener. RM I try to be. The post was quite long and ...
by Good Listener
Sun Sep 16, 2018 2:39 pm
Forum: Personal Finance (Not Investing)
Topic: 38% pay cut for dream job?
Replies: 61
Views: 5473

Re: 38% pay cut for dream job?

Is there a reason your wife doesn't work and is she unable to ever contribute financially? If she can home school future planned children, she must have some skills right?
by Good Listener
Thu Sep 13, 2018 9:49 am
Forum: Personal Consumer Issues
Topic: Medicare and related statements
Replies: 7
Views: 481

Re: Medicare and related statements

Thank you for the replies. I actually am not a packrat but save things during the calendar year. I can see everything at the medicare.gov website anyway. I'm reluctant to switch to electronic copies only of anything because once you do in many cases you can never switch back. And it may be in a bunc...
by Good Listener
Wed Sep 12, 2018 6:16 pm
Forum: Personal Consumer Issues
Topic: Medicare and related statements
Replies: 7
Views: 481

Medicare and related statements

This may not be too actionable except to ask whether people agree with me and who I should contact. I have been on Medicare since last November. I have noticed something remarkable which implies either that people think all seniors have terrible eyesight or they like to waste paper. Maybe there is s...
by Good Listener
Sat Sep 01, 2018 5:16 pm
Forum: Personal Finance (Not Investing)
Topic: ACA premium assistance payback deductibility
Replies: 6
Views: 687

Re: ACA premium assistance payback deductibility

When I was self employed, I did not have my insurance bought under the name of a business, but just individually. I read the rules and it wasn't deductible unless under a business. Check out your circumstances apply tax wise.
by Good Listener
Sun Aug 26, 2018 4:17 pm
Forum: Personal Consumer Issues
Topic: Health Care: When HMO and Provider Seem to Disagree? Insurance experts?
Replies: 17
Views: 1382

Re: Health Care: When HMO and Provider Seem to Disagree? Insurance experts?

I went through this 25 years ago and nothing was covered then. We spent a minimum of $1000 per week for 3 years before the child was in a real school. Maybe take a positive view that a $20 copay is quite good for such crucial services?
by Good Listener
Mon Aug 20, 2018 4:08 pm
Forum: Personal Finance (Not Investing)
Topic: Excessive Emergency Room Charges - Options?
Replies: 207
Views: 12487

Re: Excessive Emergency Room Charges - Options?

OP, you say that the EOB matches what the hospital and others are asking. But I am confused that insurance would pay such a low percentage. It doesn't look like you have a high deductible plan. Could you show us a photo of the EOB.
by Good Listener
Wed Aug 15, 2018 4:27 pm
Forum: Investing - Help with Personal Investments
Topic: Buy back service time on pension
Replies: 42
Views: 3475

Re: Buy back service time on pension

Good Listener: Regarding the possibility of an underfunded pension, I'm not excessively worried about it. Yes, it's a risk, no doubt about it. But while private companies that offer underfunded pensions go bankrupt, disappear, and don't necessarily make good on the pension, I think public employers...
by Good Listener
Mon Aug 13, 2018 7:30 pm
Forum: Investing - Help with Personal Investments
Topic: Moving from Vanguard to Fidelity
Replies: 55
Views: 7698

Re: Moving from Vanguard to Fidelity

You would have saved more if you stayed with your ex-wives and left Vanguard. /quote] Cruel, that's just cruel. :twisted: It could be viewed as cruel in a humorous way but I take it in stride and actually welcome it. It serves as a permanent reminder to avoid #3 as some men (me) aren't cut out for ...
by Good Listener
Mon Aug 13, 2018 5:06 pm
Forum: Investing - Help with Personal Investments
Topic: Moving from Vanguard to Fidelity
Replies: 55
Views: 7698

Re: Moving from Vanguard to Fidelity

Although I split with 2 ex-wives, I will never leave Vanguard. They were the first to force down the costs and I wouldn't leave them for a few basis points or some quicker phone responses. You would have saved more if you stayed with your ex-wives and left Vanguard. /quote] Cruel, that's just cruel...
by Good Listener
Mon Aug 13, 2018 5:03 pm
Forum: Investing - Help with Personal Investments
Topic: Moving from Vanguard to Fidelity
Replies: 55
Views: 7698

Re: Moving from Vanguard to Fidelity

Although I split with 2 ex-wives, I will never leave Vanguard. They were the first to force down the costs and I wouldn't leave them for a few basis points or some quicker phone responses. You would have saved more if you stayed with your ex-wives and left Vanguard. No question dollar-wise, particu...
by Good Listener
Sat Aug 11, 2018 3:10 pm
Forum: Investing - Help with Personal Investments
Topic: Moving from Vanguard to Fidelity
Replies: 55
Views: 7698

Re: Moving from Vanguard to Fidelity

Although I split with 2 ex-wives, I will never leave Vanguard. They were the first to force down the costs and I wouldn't leave them for a few basis points or some quicker phone responses.
by Good Listener
Sat Aug 11, 2018 2:46 pm
Forum: Investing - Help with Personal Investments
Topic: Buy back service time on pension
Replies: 42
Views: 3475

Re: Buy back service time on pension

I always ask why is this offer being made? To me (a person who never worked in the public sector), it reminds me of the longstanding statement that public employees get paid less salary (I'm not sure if its true anymore) in exchange for a better pension. Why? Well I figure it provides a secure feeli...
by Good Listener
Sat Aug 11, 2018 2:32 pm
Forum: Investing - Help with Personal Investments
Topic: Roth conversion advice for senior
Replies: 7
Views: 662

Re: Roth conversion advice for senior

RMDs are basically kept in cash. Parent is in the 32% federal tax bracket. One heir is in the 35% federal tax bracket.... In this situation, would it make sense for a Roth conversion of some or all of the traditional IRAs? Yes. Because the actual marginal tax rate is not always the same as the tax ...
by Good Listener
Wed Aug 08, 2018 5:12 pm
Forum: Personal Finance (Not Investing)
Topic: Employer will not indemnify me cause I am retired
Replies: 56
Views: 5598

Re: Employer will not indemnify me cause I am retired

I'd think about it this way. The employees are covered. Why? You are not getting paid nor getting covered. Why not? So why would you risk anything?
by Good Listener
Tue Aug 07, 2018 4:32 pm
Forum: Investing - Help with Personal Investments
Topic: Seeking Advice related to Limited Partnership Commodities ETF with K-1 reporting
Replies: 12
Views: 691

Re: Seeking Advice related to Limited Partnership Commodities ETF with K-1 reporting

Rule #1 of investing......never buy something with a K1 form. Rule #2.....repeat rule 1. Seriously even if all goes well, often you get the K1 very late and often they get revised. I would sell it before year end, deal with whatever you have to for tax year 2018 and never do it again. This is all ba...