Search found 729 matches

by Good Listener
Fri Feb 28, 2020 8:29 pm
Forum: Personal Finance (Not Investing)
Topic: Roth conversion planning in a bear market
Replies: 63
Views: 4304

Re: Roth conversion planning in a bear market

I've been doing it monthly for about 4 years into an 8-year conversion process. I finally have the drop I was hoping for as it had kept going up. I will continue to do it monthly.
by Good Listener
Tue Feb 25, 2020 4:59 pm
Forum: Personal Consumer Issues
Topic: Postponed travel due to Corona Virus. Am I am overreacting ?
Replies: 232
Views: 23925

Re: Postponed travel due to Corona Virus. Am I am overreacting ?

Retired internist/nephrologist here. I would not dismiss the potential health risk, which is not really known now, nor worse the risk of quarantine even if you are healthy. I see no point in traveling abroad now. What is one proving by doing so?
by Good Listener
Sun Feb 23, 2020 4:08 pm
Forum: Personal Finance (Not Investing)
Topic: Post Divorce Business Sale Sharing, Reality Check
Replies: 29
Views: 3088

Re: Post Divorce Business Sale Sharing, Reality Check

What if you're sold it for a hundred thousand or couldn't get anything for it? Would ES return anything to you in your estimation?
by Good Listener
Sun Feb 23, 2020 4:04 pm
Forum: Personal Consumer Issues
Topic: Coronavirus (Consumer Issues) How you are preparing?
Replies: 1590
Views: 128903

Re: Coronavirus (Consumer Issues) How you are preparing?

This may be somewhat off point. But how can you practically be quarantined to your apartment?
by Good Listener
Sat Feb 22, 2020 11:42 am
Forum: Personal Finance (Not Investing)
Topic: Another TurboTax question. Foreign tax credit
Replies: 2
Views: 359

Another TurboTax question. Foreign tax credit

Another issue has come up this year which I don't recall from the past. The amount of the foreign tax credit involved is less than the $300 for a single person so form 1116 is not required. It comes exclusively from dividends from foreign stocks in a Schwab brokerage account, not a mutual fund. The ...
by Good Listener
Fri Feb 21, 2020 9:44 pm
Forum: Personal Finance (Not Investing)
Topic: Disaster with backdoor Roth and turbotax for 2019
Replies: 10
Views: 993

Re: Disaster with backdoor Roth and turbotax for 2019

You put in the 1099-R from Vanguard already? Usually what triggers the software from calling the $6000 IRA distribution from the 1099-R from "taxable" to untaxed is the box for "IRA/SEP/SIMPLE" needs to be checked. If you check and uncheck that box, you can see on the desktop version your refund ch...
by Good Listener
Fri Feb 21, 2020 9:38 pm
Forum: Personal Finance (Not Investing)
Topic: Disaster with backdoor Roth and turbotax for 2019
Replies: 10
Views: 993

Re: Disaster with backdoor Roth and turbotax for 2019

There are 2 steps to this. One is the distribution in the Income section, the other is the contribution in the Deductions section. Make sure you go through both parts of the interview. See also this article: https://thefinancebuff.com/how-to-report-backdoor-roth-in-turbotax.html We've used TurboTax...
by Good Listener
Fri Feb 21, 2020 7:25 pm
Forum: Personal Finance (Not Investing)
Topic: Disaster with backdoor Roth and turbotax for 2019
Replies: 10
Views: 993

Disaster with backdoor Roth and turbotax for 2019

I am with my daughter who has done backdoor roths and filed with turbotax for several years with no problem. It is the online, not desktop, version. For 2019, she did the usual. Starting with a traditional IRA balance of zero for 2019 (everything had been converted to Roths beforehand) , she did a n...
by Good Listener
Tue Feb 11, 2020 4:59 pm
Forum: Personal Finance (Not Investing)
Topic: Need to show a birth certificate to get social security benefits?
Replies: 6
Views: 873

Re: Need to show a birth certificate to get social security benefits?

... one may have an online social security account (and have set up Medicare through that)..., If you are already established and eligible for Medicare your age has already been established for SSA purposes. Additionally depending on the year and circumstances when an individual applied for a socia...
by Good Listener
Tue Feb 11, 2020 2:21 pm
Forum: Personal Finance (Not Investing)
Topic: Need to show a birth certificate to get social security benefits?
Replies: 6
Views: 873

Need to show a birth certificate to get social security benefits?

I will avoid all background and simply go to the question. Although one may have an online social security account (and have set up Medicare through that), does one physically have to either go to the social security office and present a birth certificate or provide it by mail in order to actually b...
by Good Listener
Wed Feb 05, 2020 11:28 am
Forum: Personal Investments
Topic: Expensive Roth Conversion Mistake
Replies: 19
Views: 1699

Re: Expensive Roth Conversion Mistake

Don't beat yourself up. It's a small amount of money in the long run and who really knows. If rates go way up in the future like I expect this may be cheap for you. Smile.
by Good Listener
Sat Dec 28, 2019 2:49 pm
Forum: Personal Finance (Not Investing)
Topic: IRA to ROTH: Going from 12% to 24% tax bracket
Replies: 44
Views: 3443

Re: IRA to ROTH: Going from 12% to 24% tax bracket

Btw, I dont like IRMAA, but avoiding it is not a life or death matter. The absolute max for 2020 is $568 a month for Part B premiums plus the 2 IRMAAs. But that over 500k total income.
by Good Listener
Fri Dec 27, 2019 4:45 pm
Forum: Investing - Theory, News & General
Topic: The problem with the question "Is now a good time to buy stock?"
Replies: 46
Views: 3202

Re: The problem with the question "Is now a good time to buy stock?"

I think now is a terrible time to buy stocks or bonds. They are so expensive. And cash yields very little. But tomorrow it could be even worse. A real dilemma. I never market time and now have enough dividends from 2019 to make my usual lump sum purchase in January. For the first time ever, I'm not ...
by Good Listener
Fri Dec 27, 2019 4:37 pm
Forum: Personal Finance (Not Investing)
Topic: Secure Act: practical result of RMD age change seems trivial
Replies: 7
Views: 902

Re: Secure Act: practical result of RMD age change seems trivial

HueyLD wrote:
Fri Dec 27, 2019 4:09 pm
Good Listener wrote:
Fri Dec 27, 2019 1:34 pm
I have a November birthday so I will turned 70 in May of the following year.
????
Well, that would be a first. Turn 70.5 in May of the following year... :oops:
by Good Listener
Fri Dec 27, 2019 4:37 pm
Forum: Personal Finance (Not Investing)
Topic: Secure Act: practical result of RMD age change seems trivial
Replies: 7
Views: 902

Re: Secure Act: practical result of RMD age change seems trivial

HueyLD wrote:
Fri Dec 27, 2019 4:09 pm
Good Listener wrote:
Fri Dec 27, 2019 1:34 pm
I have a November birthday so I will turned 70 in May of the following year.
????
Well, that would be a first. Turn 70.5 in May of the following year... :oops:
by Good Listener
Fri Dec 27, 2019 4:34 pm
Forum: Personal Finance (Not Investing)
Topic: IRA to ROTH: Going from 12% to 24% tax bracket
Replies: 44
Views: 3443

Re: IRA to ROTH: Going from 12% to 24% tax bracket

I would do it to the top of 35% in fact, I am. Rates are going up at some point in the future as our deficits are enormous and a lot of peopleare talking about spending a lot of money.
by Good Listener
Fri Dec 27, 2019 3:27 pm
Forum: Personal Finance (Not Investing)
Topic: Fine details about the 10 year rule for regular beneficiaries with the Secure Act
Replies: 3
Views: 447

Fine details about the 10 year rule for regular beneficiaries with the Secure Act

I am getting in the weeds here but what better group to do it with. A lot of relatively younger people will be inheriting IRAs and Roths and now withough RMDs will likely delay 10 years to extract them, especially with Roths. 1. What does 10 years mean? Many IRS regs are by calendar year not exact d...
by Good Listener
Fri Dec 27, 2019 1:59 pm
Forum: Investing - Theory, News & General
Topic: I don't have faith in small and value premiums
Replies: 409
Views: 14784

Re: I don't have faith in small and value premiums

I frankly read about it, found it interesting, and felt that it wasn't worth bothering with. I figured if it was a real thing of major consequence that the smart money would come in and it would disappear. I have never looked back or considered it. I am perfectly happy with the total Market indices.
by Good Listener
Fri Dec 27, 2019 1:34 pm
Forum: Personal Finance (Not Investing)
Topic: Secure Act: practical result of RMD age change seems trivial
Replies: 7
Views: 902

Secure Act: practical result of RMD age change seems trivial

I have a November birthday so I will turn 70.5 (edited thanks to Huey) in May of the following year. Given that the change now is to age 72 to begin RMDs, it seems like I only will gain 1 year. It seems that if your birthday is in the second half of the year then you gain 2 years. Do I have that rig...
by Good Listener
Sun Dec 22, 2019 5:12 pm
Forum: Investing - Theory, News & General
Topic: Vanguard Estimated Year-End Distributions
Replies: 71
Views: 8563

Re: Vanguard Estimated Year-End Distributions

Gee. The companies must be doing well as in the total market index funds for US and International, the dividends are up between 20 & 25 %. Its a pain for taxes, but I guess it's a good pain. Or can somebody provide a reason other than the companies doing well? For US large cap stocks, there is an o...
by Good Listener
Sat Dec 21, 2019 3:54 pm
Forum: Investing - Theory, News & General
Topic: Vanguard Estimated Year-End Distributions
Replies: 71
Views: 8563

Re: Vanguard Estimated Year-End Distributions

Gee. The companies must be doing well as in the total market index funds for US and International, the dividends are up between 20 & 25 %. Its a pain for taxes, but I guess it's a good pain. Or can somebody provide a reason other than the companies doing well?
by Good Listener
Sat Dec 21, 2019 1:48 pm
Forum: Personal Finance (Not Investing)
Topic: SECURE Act - QCDs age.
Replies: 12
Views: 1129

QCDs in new retirement law

[Thread merged into here, see below. --admin LadyGeek]

Under current law, QCDs count towards the RMD and you must wait until after you turn 70.5 to take the first one to count as the RMD. How does the new law effect these provisions?
by Good Listener
Wed Dec 11, 2019 5:24 pm
Forum: Personal Finance (Not Investing)
Topic: RMD in 1st year it is required
Replies: 22
Views: 2008

Re: RMD in 1st year it is required

No. The IRS bases its rules on the year, not the month. As far as they are concerned, the RMD is due in the YEAR that you turn 70.5, not the MONTH you turn. The only way to not have an RMD is to have zero money in the IRA as of Dec 31 the year before. If you don't want to do the RMD, convert the mo...
by Good Listener
Wed Dec 11, 2019 1:22 pm
Forum: Personal Finance (Not Investing)
Topic: RMD in 1st year it is required
Replies: 22
Views: 2008

Re: RMD in 1st year it is required

I obviously did not ask the question clearly. If I have a balance at the beginning of the year& no balance by the time I am 70.5 (regardless of how I get it to zero) is that acceptable?
by Good Listener
Wed Dec 11, 2019 11:43 am
Forum: Personal Finance (Not Investing)
Topic: RMD in 1st year it is required
Replies: 22
Views: 2008

RMD in 1st year it is required

I know the first RMD is required the year one turns 70.5. (please ignore the exception that it can be delayed until April 15 of the next year.) Specifically, if I turn 70.5 in year X, can I avoid the RMD by a Roth conversion between Jan 1 of year X and the date I turn 70.5 or is it required regardle...
by Good Listener
Thu Nov 21, 2019 3:36 pm
Forum: Investing - Theory, News & General
Topic: What income is used for long-term capital gains rates?
Replies: 1
Views: 447

What income is used for long-term capital gains rates?

I feel stupid asking this but I want to make certain. I know that the ACA tax of 3.8% is dependent on income and not taxable income...Is your taxable income used to determine your tax bracket for long-term rates or is it your total income? Thank you.
by Good Listener
Sun Nov 03, 2019 2:36 pm
Forum: Personal Finance (Not Investing)
Topic: No out of network coverage
Replies: 61
Views: 4124

Re: No out of network coverage

The same issue caused me to opt for Medicare + Supplement (Plan G) + Part D rather than an otherwise cost-effective local Advantage plan. A key area hospital (#1 in the USA for this specialty, which I have used before) does not participate in the available Advantage plans, but does accept tradition...
by Good Listener
Wed Oct 30, 2019 11:31 am
Forum: Personal Consumer Issues
Topic: Unnecessary blood tests
Replies: 51
Views: 3420

Re: Unnecessary blood tests

As a former practicing internist and sub specialist, if a patient requested that for an annual physical that I should not obtain a CBC and metabolic profile, I would suggest that if there is no emergency at that visit, that he/she get another doctor and this visit is at no charge. The patient is tel...
by Good Listener
Wed Oct 09, 2019 10:58 am
Forum: Personal Finance (Not Investing)
Topic: Tax Question related to large Roth Conversion
Replies: 13
Views: 1416

Re: Tax Question related to large Roth Conversion

I am pretty close to retirement today. I am also being pinched between my current income and IRMAA, taxation of our social security benefits (delaying to 70), RMDs, and the expiration of the Trump tax cuts. I have a 5 year window and about $1M to convert. After 5 years everything gets less favorabl...
by Good Listener
Wed Oct 09, 2019 8:55 am
Forum: Personal Finance (Not Investing)
Topic: Medicare Premiums when collecting Social Security benefits
Replies: 7
Views: 1217

Medicare Premiums when collecting Social Security benefits

People here have helped me greatly in understanding the medicare premium, EZ pay, etc. I know that when you begin collecting Social Security, your Medicare premiums will be deducted from the benefit payment. I am confused about a few things because I know that the social security benefit payment is ...
by Good Listener
Sat Sep 28, 2019 1:07 pm
Forum: Personal Finance (Not Investing)
Topic: Staying the course is so hard (support thread)
Replies: 141
Views: 16393

Re: I feel guilty spending my money!

No cable TV on that amount of income to save money? This is very troublesome.
by Good Listener
Thu Sep 26, 2019 5:12 pm
Forum: Personal Finance (Not Investing)
Topic: financially clueless senior MIL who thinks she’s rich
Replies: 162
Views: 21506

Re: financially clueless senior MIL who thinks she’s rich

This is a tough situation. If I were you, would start with her doctor. Meaning, she will have to sign a consent form to allow the doc to speak with you and your spouse regarding her health. If she agrees to this without any hassles you can then explore with the doc just what is her mental state and...
by Good Listener
Wed Sep 25, 2019 9:38 am
Forum: Personal Finance (Not Investing)
Topic: Medicare Part D IRMAA premiums and deduction from Social Security
Replies: 13
Views: 1185

Re: Medicare Part D IRMAA premiums and deduction from Social Security

"I had to take steps to have Part D premiums deducted from SS." Keep a close eye on them, I had the opposite experience. When I began having IRMAA deducted from my check for Part B this past January they also began charging me for Part D IRMAA. But I've never had Part D. I've had Anthem insurance a...
by Good Listener
Tue Sep 24, 2019 7:00 pm
Forum: Personal Finance (Not Investing)
Topic: Medicare Part D IRMAA premiums and deduction from Social Security
Replies: 13
Views: 1185

Re: Medicare Part D IRMAA premiums and deduction from Social Security

To be clear, I believe the first response addressed my question. I am not talking about the part D premiums. I'm talking about the part D IRMAA.
by Good Listener
Tue Sep 24, 2019 11:01 am
Forum: Personal Finance (Not Investing)
Topic: Medicare Part D IRMAA premiums and deduction from Social Security
Replies: 13
Views: 1185

Medicare Part D IRMAA premiums and deduction from Social Security

I have a question of something I will be dealing with shortly. I currently pay Part B and D IRMAA premiums for Medicare via EZ pay because I have not yet started Social Security. I know that part D IRMAA is considered different because you always get a monthly bill if you're paying that as supposed ...
by Good Listener
Fri Aug 16, 2019 7:24 pm
Forum: Personal Finance (Not Investing)
Topic: Transition ACA plan to Medicare
Replies: 16
Views: 908

Re: Transition ACA plan to Medicare

WhyNotKnow wrote:
Fri Aug 16, 2019 1:25 pm
One of my medical providers does not take Humana.
Might want to check with your providers first.
They may not take Humana for non medicare policies but if they take Medicare they take any secondary coverage. They have to.
by Good Listener
Fri Aug 09, 2019 7:56 pm
Forum: Personal Finance (Not Investing)
Topic: Received a $17,000 medical bill! Can we negotiate?
Replies: 91
Views: 10833

Re: Received a $17,000 medical bill! Can we negotiate?

burt wrote:
Fri Aug 09, 2019 5:16 pm
El Greco wrote:
Fri Aug 09, 2019 5:03 pm
I never thought I would say this but, I'm glad me and DW are going to be on Medicare soon. Our health system is a wreck.
+1
I am about 1 year away from Medicare.
Nervously waiting.
I agree. But some doctors are not in Medicare and the same situation could arise.
by Good Listener
Tue Aug 06, 2019 7:20 pm
Forum: Personal Finance (Not Investing)
Topic: No 'Out of pocket' maximum - what does this mean?
Replies: 20
Views: 2001

Re: No 'Out of pocket' maximum - what does this mean?

It means that there is no cap on what you may have to pay out of pocket for your part (your co-insurance) in the event that you file a claim. For example, if you have a procedure of some sort that costs $100,000 and your co-insurance is 20% of the bill (usually after you reach your deductible) you'...
by Good Listener
Tue Aug 06, 2019 7:17 pm
Forum: Personal Consumer Issues
Topic: Worth it to upgrade to Main Cabin Extra?
Replies: 76
Views: 4587

Re: Worth it to upgrade to Premium Economy?

I would never do anything that is basic economy.
by Good Listener
Tue Aug 06, 2019 7:16 pm
Forum: Personal Finance (Not Investing)
Topic: Medicare vs Eye Docs
Replies: 34
Views: 3404

Re: Medicare vs Eye Docs

Remember that with traditional Medicare, not Medicare Advantage, there is no prior approval. So it all depends on the code that the doctor would enter for billing for surgeries (or any other service) to go through and get paid.. Nobody reviews the claims like in Medicare Advantage or regular insuran...
by Good Listener
Mon Aug 05, 2019 7:32 pm
Forum: Investing - Theory, News & General
Topic: Vanguard brokerage account transition
Replies: 212
Views: 20911

Re: VG pop-up: “Your Account Needs to be Transitioned”

I'm putting it off as long a possible for several reasons: *The brokerage account doesn't allow us to automatically invest dividends from one fund to another like we currently do in the Mutual Fund accounts. In the brokerage account, dividends would have to be deposited into the cash account first,...
by Good Listener
Mon Aug 05, 2019 7:28 pm
Forum: Personal Finance (Not Investing)
Topic: Medicare vs Eye Docs
Replies: 34
Views: 3404

Re: Medicare vs Eye Docs

I'm an ophthalmologist. BH does frown on dispensing medical advise here, FYI. I will say simply that an optometrist is qualified to fit you for glasses or contact lenses. For medical or surgical eye issues, including blepharoplasty surgery for droopy lids, see an ophthalmologist. An optometrist is ...
by Good Listener
Sun Aug 04, 2019 8:03 pm
Forum: Personal Finance (Not Investing)
Topic: Medicare vs Eye Docs
Replies: 34
Views: 3404

Re: Medicare vs Eye Docs

I am in MD but not in the eye field. Despite that, I have a optometrist that I love. Medicare covers all services by an optometrist except for refraction. So they cover things if you have medical diagnosis which almost every old person has. Your diagnosis would not be a problem and would not be hand...
by Good Listener
Sat Aug 03, 2019 8:09 pm
Forum: Personal Investments
Topic: buying pension credits decision
Replies: 19
Views: 1266

Re: buying pension credits decision

I cannot answer your question but I can suggest that you ask the question why would they be selling these pension credits? Maybe they need the money.
by Good Listener
Fri Aug 02, 2019 7:59 pm
Forum: Personal Consumer Issues
Topic: Long Island NY housing
Replies: 55
Views: 4924

Re: Long Island NY housing

I would tread with caution. Prices are extremely high and taxes are unbelievably high. There is increasing crime in Long Island and although not yet in Great Neck for example, it is in Hempstead. Just do a search of crime and gangs in Hempstead Long Island. I won't say anymore.
by Good Listener
Fri Aug 02, 2019 7:56 pm
Forum: Personal Investments
Topic: Does it bug anyone else that Vanguard only has money market for cash?
Replies: 101
Views: 9358

Re: Does it bug anyone else that Vanguard only has money market for cash?

I think it's the law that certain types of money market funds with government securities be settlement accounts.
by Good Listener
Thu Aug 01, 2019 7:32 pm
Forum: Personal Investments
Topic: Vanguard Frustrations - No Free Trades/Matching Offers
Replies: 75
Views: 4338

Re: Vanguard Frustrations - No Free Trades/Matching Offers

If you had 50 stocks/ETFs you had to sell at $7/trade that's a one-time cost $350. WF charges a 25 basis point advisory fee. If you had $470k with WF you were paying them $1175 a year or $98/month. If you are going to be upset over $350 you are going to be really upset once you calculate how much i...
by Good Listener
Wed Jul 31, 2019 7:25 pm
Forum: Personal Finance (Not Investing)
Topic: Social Security -- Take it at 62, 67 or 70
Replies: 332
Views: 31319

Re: Social Security -- Take it at 62, 67 or 70

I think one thing that matters is how much Social Security actually contributes to your situation. Many bogleheads don't need or care about social security so they take it late. For those who do need it, if you die at 70 and you got through to 70 and haven't received anything, well so be it. But if ...