Search found 422 matches

by vtMaps
Fri Dec 07, 2018 4:20 am
Forum: Personal Finance (Not Investing)
Topic: "Open Social Security" calculator: feature requests, bug reports, etc
Replies: 265
Views: 25024

Re: "Open Social Security" calculator: feature requests, bug reports, etc

But it is difficult to grasp that my spouse claiming 1 year earlier, and an amount that is $1000 less, would only result in a $500 reduction in the PV as compared to the best strategy. In addition to what ObliviousInvestor explained, there are also other factors at work here... The calculator assum...
by vtMaps
Thu Dec 06, 2018 11:41 am
Forum: Personal Finance (Not Investing)
Topic: How long does it take for SS to fix earnings record?
Replies: 17
Views: 1941

UPDATE Re: How long does it take for SS to fix earnings record?

Here’s the update: On November 1, 2018 my wife sent this letter to our congressman: Dear Congressman Welch, I am writing to ask your help with a Social Security problem. My earnings record at Social Security is incorrect. It shows that I had no income in 1989. On December 22, 2017, I had an appointm...
by vtMaps
Tue Dec 04, 2018 6:00 am
Forum: Investing - Help with Personal Investments
Topic: Fidelity Money Market Funds for everyday expenses
Replies: 83
Views: 13081

Re: Fidelity Money Market Funds for everyday expenses

In one area of the Fidelity website, it lists 10K as the Required Balance. But looking through the prospectus, I don't see anything regarding what happens if you don't meet the Required Balance although there is a mention of a small balance fee but that is defined as balance less than 2k. Can anyon...
by vtMaps
Sat Dec 01, 2018 2:00 pm
Forum: Investing - Help with Personal Investments
Topic: Fidelity Money Market Funds for everyday expenses
Replies: 83
Views: 13081

Re: Fidelity Money Market Funds for everyday expenses

InertiaMan wrote:
Sat Dec 01, 2018 1:24 pm
FZDXX is at 2.21%. It does have the hurdle of $100k to open. But only $10k to maintain.
In an IRA, the minimum to open is $10k. We keep FZDXX in a roth IRA as part of our savings account and emergency fund.

--vtMaps
by vtMaps
Thu Nov 29, 2018 2:13 pm
Forum: Personal Finance (Not Investing)
Topic: Social Security FRA start date with 1st of month birthday
Replies: 15
Views: 2746

Re: Social Security FRA start date with 1st of month birthday

On the very confusing subject of attainment of age, I am unsure how this issue affects Restricted Spousal benefits. My retirement benefits will begin in Jan 2019. My wife will reach age 66 (FRA) in mid March 2019 and wishes to apply for restricted spousal benefits with the intention of switching to ...
by vtMaps
Tue Nov 27, 2018 1:41 pm
Forum: Personal Consumer Issues
Topic: 2018 Taxes: Dinkytown vs. Download Software
Replies: 3
Views: 419

Re: 2018 Taxes: Dinkytown vs. Download Software

I don't think Dinkytown does the 20% pass through deduction.
--vtMaps
by vtMaps
Sun Nov 25, 2018 4:23 pm
Forum: Personal Finance (Not Investing)
Topic: Social Security Draw Question
Replies: 32
Views: 2921

Re: Social Security Draw Question

Isn't it interesting (odd) that "Social Security Solutions," to which I paid a $124 fee, told me that the best strategy was for me to wait until ago 70 to claim social security (and wife to claim spousal benefit), whereas the Open Social Security calculator referenced above recommends that this occ...
by vtMaps
Sat Nov 24, 2018 8:48 am
Forum: Personal Finance (Not Investing)
Topic: H&R Block 2018 Tax Software Deluxe $18.00 - Black Friday sale
Replies: 257
Views: 18403

Re: H&R Block 2018 Tax Software Deluxe $18.00 - Black Friday sale

Does this has schedule E/rental income included? I can't seem to find it on amazon/hr block site. I browsed through HR block website and found link to help choose software. Just to update the thread that "Premium" version is recommended if you have rental income. I guess I will just wait.. They rec...
by vtMaps
Fri Nov 23, 2018 9:30 pm
Forum: Personal Finance (Not Investing)
Topic: H&R Block 2018 Tax Software Deluxe $18.00 - Black Friday sale
Replies: 257
Views: 18403

Re: H&R Block 2018 Tax Software Deluxe $18.00 - Black Friday sale

The h&r block website has a link for the supported forms in the deluxe edition:
https://www.hrblock.com/tax-software/up ... lable.html

--vtMaps
by vtMaps
Fri Nov 23, 2018 6:33 pm
Forum: Personal Finance (Not Investing)
Topic: H&R Block 2018 Tax Software Deluxe $18.00 - Black Friday sale
Replies: 257
Views: 18403

Re: H&R Block 2018 Tax Software Deluxe Federal + State $29.95

The Deluxe version for $18 at Amazon does do schedule C. I take it you got a Schedule C form to open up in your Deluxe software. What level of interview support does it provide? The Deluxe version does virtually all the same forms as the Premium version, but with less interview support. So not much...
by vtMaps
Fri Nov 23, 2018 3:40 pm
Forum: Personal Finance (Not Investing)
Topic: H&R Block 2018 Tax Software Deluxe $18.00 - Black Friday sale
Replies: 257
Views: 18403

Re: H&R Block 2018 Tax Software Deluxe Federal + State $29.95

harmony wrote:
Fri Nov 23, 2018 12:45 pm
Got Premium on Amazon this morning for $32.50 because we need Schedule C.
mindgap wrote:
Fri Nov 23, 2018 1:36 pm
Perfect I need the self employed version and it’s 50% off right now $32,50 thanks to amazon.
The Deluxe version for $18 at Amazon does do schedule C.

--vtMaps
by vtMaps
Fri Nov 23, 2018 6:38 am
Forum: Personal Finance (Not Investing)
Topic: Social Security questions, please help!
Replies: 21
Views: 3249

Re: Social Security questions, please help!

If that's the case I would only be giving up two-to-three percentage points, which I think is a small price to pay given the certainty of actually receiving those three or four additional monthly checks... It is not just three or four additional monthly checks... Those checks will continue until BO...
by vtMaps
Mon Nov 19, 2018 8:36 am
Forum: Personal Finance (Not Investing)
Topic: H&R Block 2018 Tax Software Deluxe $18.00 - Black Friday sale
Replies: 257
Views: 18403

Re: H&R Block 2018 Tax Software Deluxe Federal + State $29.95

nalor511 wrote:
Mon Nov 19, 2018 8:17 am
Walmart has 2018 deluxe+state for $18 https://www.walmart.com/ip/H-R-Block-Ta ... /810000421
That is the windows version. The mac version is still over $30.

--vtMaps
by vtMaps
Sat Nov 17, 2018 2:09 pm
Forum: Investing - Theory, News & General
Topic: TIPS yield curve oddity
Replies: 22
Views: 1487

Re: TIPS yield curve oddity

Have TIPS proven to be a worthy long term investment? It feels like I have reading recommendations for TIPS as a major portfolio component forever but I still don't have a sense of their value in a normal, say, 3 fund portfolio with just stock and total-bond-market index funds. Guaranteed positive ...
by vtMaps
Mon Nov 12, 2018 12:37 pm
Forum: Personal Finance (Not Investing)
Topic: Best free online tax return predictor?
Replies: 10
Views: 1227

Re: Best free online tax return predictor?

willyd123 wrote:
Mon Nov 12, 2018 12:27 pm
I've used dinkytown.net for a while and think it's pretty good. Would be interested to know what others think...
As far as I can tell, the dinkytown calculator does not incorporate the 20% pass through deduction for self-employed sole proprietors.

--vtMaps
by vtMaps
Fri Nov 09, 2018 5:45 am
Forum: Personal Finance (Not Investing)
Topic: Chase points - what's the point of buying gift cards
Replies: 30
Views: 2630

Re: Chase points - what's the point of buying gift cards

Why would anyone choose gift card over hard cash (which is value $1 vs 80cents of Amazon) Something must be amiss.... or are chase guys out of their minds? It's the Chase Intelligence Test, as explained here: Some of the gift cards will go on sale in UR for less than $1/100 points. Home Depot (and ...
by vtMaps
Thu Nov 08, 2018 8:01 pm
Forum: Personal Finance (Not Investing)
Topic: FreeTaxUSA.com now has 2018 Return available.
Replies: 32
Views: 3476

Re: FreeTaxUSA.com now has 2018 Return available.

Do any of these free tax programs incorporate the new 20% pass through deduction for self employed persons who file schedule C? If so, where (which form or schedule) is the deduction taken?

--vtMaps
by vtMaps
Tue Nov 06, 2018 3:58 pm
Forum: Investing - Theory, News & General
Topic: I Bond fixed rate = 0.5%
Replies: 86
Views: 7817

Re: I Bond fixed rate = 0.5%

I don't understand why my Series I savings bond rate changed. I bought it in September so the composite rate shouldn't change for 6 months I thought? I'm not sure if this explains it for the treasury site, but... some ibond calculators give you the current rate that you would get if you cashed them...
by vtMaps
Mon Nov 05, 2018 2:18 pm
Forum: Personal Finance (Not Investing)
Topic: H&R Block 2018 Tax Software Deluxe $18.00 - Black Friday sale
Replies: 257
Views: 18403

Re: H&R Block 2018 Tax Software Deluxe Federal + State $29.95

I'm uncomfortable with e-filing for the simple reason that you have to assume that the file that is sent agrees with the readable version that the tax program shows you. So I create a pdf file for each return and print out a copy to mail in. Same here. A couple of years ago I noticed that H&R Block...
by vtMaps
Mon Nov 05, 2018 2:05 pm
Forum: Personal Finance (Not Investing)
Topic: ACA question -please help
Replies: 7
Views: 672

Re: ACA question -please help

Are you suggesting that due to the split years for one 12 month coverage we need to be under the threshold for years my wife turns 64 and 65? I didn't suggest it, but it is true. I am on medicare and my wife began medicare last March. We did a lot of roth conversion this year and will lose her ACA ...
by vtMaps
Tue Oct 30, 2018 7:31 pm
Forum: Personal Finance (Not Investing)
Topic: Medicare Donut Hole is "Closing" in 2019
Replies: 11
Views: 2346

Re: Medicare Donut Hole is "Closing" in 2019

I don't understand what I am reading in that link.
what does this mean?
The donut hole TrOOP is projected to increase to $5,100 from $5,000. However you are paying less money out of pocket to reach the $5,100
--vtMaps
by vtMaps
Mon Oct 29, 2018 8:49 pm
Forum: Personal Finance (Not Investing)
Topic: SS Taxation -Please Clarify
Replies: 16
Views: 2080

Re: SS Taxation -Please Clarify

RetiredCSProf wrote:
Mon Oct 29, 2018 8:29 pm
I'm currently withholding 15% for federal, but SS has changed the options to 7%, 10%, 12%, or 22%.
Is there no option to have no withholding? (I will start SS in two months, so this is withholding discussion is of interest to me).

--vtMaps
by vtMaps
Sun Oct 28, 2018 10:30 am
Forum: Personal Finance (Not Investing)
Topic: If On Medicare Before SS, How Do You Pay?
Replies: 40
Views: 3195

Re: If On Medicare Before SS, How Do You Pay?

EyeDee wrote:
Sun Oct 28, 2018 10:23 am
I believe the bills they send can be paid by check or credit card.
Credit card with 2% cash rewards. It does cost a forever stamp.

--vtMaps
by vtMaps
Sun Oct 28, 2018 9:02 am
Forum: Investing - Help with Personal Investments
Topic: Another Fidelity Rollover question
Replies: 9
Views: 698

Re: Another Fidelity Rollover question

ge1 wrote:
Sun Oct 28, 2018 6:05 am
I am about to rollover my 401k from a previous employer (which is with Fidelity) to a Fidelity IRA.
<snip>
Anything else to consider?
You will be losing some ERISA protections.

--vtMaps
by vtMaps
Thu Oct 18, 2018 2:22 pm
Forum: Personal Finance (Not Investing)
Topic: SocialSecurity.tools updated to include spousal benefits
Replies: 56
Views: 5748

Re: SocialSecurity.tools updated to include spousal benefits

I tried with the following information and received the results indicating my spouse not eligible for spousal retirement benefits which seems to be incorrect. <snip> Applied for and immediately suspended benefits when reaching 66 years New rules: you must be collecting your benefits (not suspended)...
by vtMaps
Sat Oct 13, 2018 7:54 am
Forum: Personal Finance (Not Investing)
Topic: Can a US citizen be a resident of NO state?
Replies: 61
Views: 18279

Re: Can a US citizen be a resident of NO state?

Interesting thread. To add to the discussion, I was born in the US but lived my entire childhood in Canada. When I turned 18 I could vote by absentee ballot in the US but only for President and Vice President. Maybe the rules differ but that's how it worked in the 90s :) From my elections officer e...
by vtMaps
Thu Oct 11, 2018 4:00 pm
Forum: Personal Consumer Issues
Topic: Electric Lawn Mower Advice
Replies: 17
Views: 1019

Re: Electric Lawn Mower Advice

I purchased the Ego and am very happy with it. For longest life, lithium batteries should not be stored long term at 100% charge. The Ego battery, if not used for a month, will assume it is in storage and self-discharge itself to 30% charge. This will prolong its life in storage. By the way, most li...
by vtMaps
Thu Oct 11, 2018 2:52 pm
Forum: Personal Consumer Issues
Topic: My life saved by New subaru. Almost died.
Replies: 62
Views: 7357

Re: My life saved by New subaru. Almost died.

Kompass wrote:
Thu Oct 11, 2018 1:49 pm
I've always considered myself a very good and safe driver (I'm better than most)
I read somewhere (maybe on this forum?) that over 90% of drivers consider themselves above average.

--vtMaps
by vtMaps
Thu Oct 11, 2018 10:58 am
Forum: Personal Finance (Not Investing)
Topic: "Open Social Security" calculator: feature requests, bug reports, etc
Replies: 265
Views: 25024

Re: "Open Social Security" calculator: feature requests, bug reports, etc

One could make the case that reporting "the period in which a benefit is received" is more helpful for tax planning purposes, but that's a different question. That would match my needs... I will start benefits in 2019, but want to avoid SS income in 2018, so I may request 6 months retroactive benef...
by vtMaps
Thu Oct 11, 2018 9:09 am
Forum: Personal Finance (Not Investing)
Topic: Retroactive SS benefits
Replies: 3
Views: 454

Retroactive SS benefits

I plan to begin my SS benefits next March (2019) at the age of 67 and 4 months. I understand that I may choose to receive up to 6 months of retroactive benefits (Oct-Dec 2018 plus Jan-Mar 2019). My question is about how the DRC are applied. If I had started benefits this month (Oct 2018), my 2018 be...
by vtMaps
Wed Oct 10, 2018 2:16 pm
Forum: Personal Finance (Not Investing)
Topic: Self Employed Health Insurance Deduction
Replies: 18
Views: 1671

Re: Self Employed Health Insurance Deduction

She can deduct premiums for both of your Medicare Part B & D , Medigap plans, dental insurance and an age dependent amount of LTC insurance. That surprises me, but I am very pleased to read your opinion. :D But what about the part that says: the health insurance policy purchased by the sole proprie...
by vtMaps
Wed Oct 10, 2018 8:22 am
Forum: Personal Finance (Not Investing)
Topic: Self Employed Health Insurance Deduction
Replies: 18
Views: 1671

Re: Self Employed Health Insurance Deduction

IRS Chief Counsel Advice (CCA) 2005240001 states: A self-employed individual who is a sole proprietor may deduct the medical care insurance costs of the sole proprietor and his or her family from the earned income of his or her trade or business when the health insurance policy purchased by the sol...
by vtMaps
Wed Oct 03, 2018 8:34 am
Forum: Personal Consumer Issues
Topic: Sconces, fixtures without replaceable bulbs/LEDs
Replies: 14
Views: 831

Re: Sconces, fixtures without replaceable bulbs/LEDs

What am I missing? This seems like a very bad idea, please educate me. From an engineering point of view, one can build a better sconce if the bulb is custom designed and built for that sconce. Of course, that doesn't mean that any particular sconce is better just because it has a custom built bulb...
by vtMaps
Sun Sep 30, 2018 8:08 pm
Forum: Investing - Help with Personal Investments
Topic: Fidelity Money Market Funds for everyday expenses
Replies: 83
Views: 13081

Re: Fidelity Money Market Funds for everyday expenses

Fidelity treats all MM funds as cash and will liquidate as needed to cover transactions - it's that simple. Personally I'm lazy, I just use a brokerage account as a checking+savings account, 100% SPAXX, direct deposit and all. I keep about $500 cash in the CMA using the cash manager to cover the oc...
by vtMaps
Sat Sep 29, 2018 11:06 am
Forum: Personal Finance (Not Investing)
Topic: "Open Social Security" calculator: feature requests, bug reports, etc
Replies: 265
Views: 25024

Re: "Open Social Security" calculator: feature requests, bug reports, etc

If you are wanted to look at the "net present value", which seems to be more relevant, instead of just the "present value" then wouldn't that $30K a year be need to be considered as a "relevant cash outflow" like you described in your description? I think the foregone income is accounted for... isn...
by vtMaps
Fri Sep 28, 2018 4:31 am
Forum: Personal Finance (Not Investing)
Topic: SS 2019 COLA could be close to 3%
Replies: 55
Views: 6100

Re: SS 2019 COLA could be close to 3%

The benefits of delaying accrue month-by-month. <snip> Advice not based on the understanding of how benefits accrue month-by month cannot provide a clear view of the costs and benefits of taking or delaying at any time. Yes, the DRC (delayed retirement credits) accrue month-by-month, but your actua...
by vtMaps
Thu Sep 27, 2018 9:09 pm
Forum: Personal Finance (Not Investing)
Topic: SS 2019 COLA could be close to 3%
Replies: 55
Views: 6100

Re: SS 2019 COLA could be close to 3%

If you take in December, you get $2000 in December, and then $2060 from January on. If you take in Jan you get zero in December and then 2073.33 from January on. If you take in February you get zero in December, zero in January, and then 2087.06 a month from February on. I think that this is not co...
by vtMaps
Tue Sep 25, 2018 9:13 am
Forum: Investing - Theory, News & General
Topic: Don't Fear the Reaper (RMDs) - White Coat Investor blog post
Replies: 65
Views: 7709

Re: Don't Fear the Reaper (RMDs) - White Coat Investor blog post

I think it is a very good blog posting for Jim's target audience of high income professionals. But I agree with Peter Foley - RMDs can be a real problem for more moderate income people - retired people in the 12% bracket who risk being pushed into the 22% bracket or even higher. That's a huge jump ...
by vtMaps
Sun Sep 23, 2018 4:30 am
Forum: Personal Finance (Not Investing)
Topic: What's Your Credit Card Rewards Strategy?
Replies: 3112
Views: 605177

Re: What's Your Credit Card Rewards Strategy?

novemberrain wrote:
Sun Sep 23, 2018 1:26 am
There is a $95 annual fee. But I get back almost $1000 by using miles to book united tickets.
<snip>
I do rack up about $60k to $80k every year on my credit cards.
2% cashback on $60k to $80k is $1200 to $1600.

--vtMaps
by vtMaps
Wed Sep 19, 2018 9:36 am
Forum: Personal Finance (Not Investing)
Topic: Social Security vs. pre-tax savings
Replies: 6
Views: 637

Re: Social Security vs. pre-tax savings

Cheese breath beat me to it.

Also, do you know about the SS bend points? Once you reach the second bend point, the amount of your benefits does not increase (per dollar of contributions) as rapidly as before the bend point.

--vtMaps
by vtMaps
Sat Sep 15, 2018 8:05 pm
Forum: Personal Consumer Issues
Topic: ACA - Silver plan cost sharing worth it?
Replies: 29
Views: 2389

Re: ACA - Silver plan cost sharing worth it?

I have to decide between utilizing my last year of COBRA or jumping to ACA for 2019. ] I'm not sure you can voluntarily give up cobra and receive ACA subsidies. When you are no longer eligible for cobra, that becomes a qualifying life event change, and you may enroll in ACA outside of the usual ope...
by vtMaps
Wed Sep 12, 2018 1:06 pm
Forum: Personal Finance (Not Investing)
Topic: Earn 1.5% on your checking account without the usual hoops (at Fidelity)
Replies: 65
Views: 8452

Re: Earn 1.5% on your checking account without the usual hoops (at Fidelity)

IntangibleAssets wrote:
Wed Sep 12, 2018 11:22 am
essentially the money market mutual fund functions as the rough equivalent as a high yield savings account (without the FDIC) and the only thing we report come tax time would be the 1099-DIV?
Yes. --vtMaps
by vtMaps
Tue Sep 11, 2018 8:54 am
Forum: Investing - Help with Personal Investments
Topic: Retirement accounts transfer question
Replies: 14
Views: 1087

Re: Retirement accounts transfer question

I was thinking of transferring the 403b money from the first employer to 2nd I don't believe there are any laws or regulations that give you the right to do that. Some (not all) employer plans do not permit rollovers from other plans. Check with your future employer's plan before assuming that you ...
by vtMaps
Tue Sep 11, 2018 8:41 am
Forum: Personal Finance (Not Investing)
Topic: Small business credit card recommendations
Replies: 17
Views: 1164

Re: Small business credit card recommendations

Watty wrote:
Tue Sep 11, 2018 8:30 am
One thing to be aware of is that that business credit cards will may not have many of the protections that consumer credit cards have.
Will not, or may not? Do you know if any of the small business cards voluntarily offer consumer-type protections against fraud?

--vtMaps
by vtMaps
Tue Sep 11, 2018 8:35 am
Forum: Personal Finance (Not Investing)
Topic: Small business credit card recommendations
Replies: 17
Views: 1164

Re: Small business credit card recommendations

Amex also has small business cards. Your cash rewards automatically post to your account each month as a statement credit. On the SimplyCash Plus Business credit card the rewards are 5% on office supplies and wireless services, and 3% on a category that you choose.

--vtMaps
by vtMaps
Wed Aug 29, 2018 3:13 pm
Forum: Personal Finance (Not Investing)
Topic: One more social security Q
Replies: 10
Views: 1082

Re: One more social security Q

They are contemplating marriage. Say they got married tomorrow, and he passed away 2 years from now. How much would her survivors benefit be? The $1700, or the $2300? I'm not sure of the answer... check this thread: https://www.bogleheads.org/forum/viewtopic.php?p=4093296 there is a link to a pbs.o...
by vtMaps
Tue Aug 28, 2018 10:42 am
Forum: Personal Finance (Not Investing)
Topic: Social Security Widower's limit (RIB-LIM)
Replies: 9
Views: 856

Re: Social Security Widower's limit (RIB-LIM)

If I take SS @ 62 and then die, my wife could start taking SS when she is 60 (at a reduced amount, she is 4 years younger than I). Without the above 82.5% rule, she would be entitled to $15,556 / year in survivor benefits. With the above rule, she is entitled to $25,641. Am I correct in my interpre...
by vtMaps
Tue Aug 21, 2018 9:02 am
Forum: Personal Finance (Not Investing)
Topic: Self Employment, Taxes and ACA
Replies: 8
Views: 490

Re: Self Employment, Taxes and ACA

I have an expertise that I think I can use to establish a sole-proprietorship consulting business. <snip> I would set up the business as an LLC and would be able to deduct all of my business expenses including medical premiums (ACA) on Schedule C. There's no need to set up an LLC in order to deduct...
by vtMaps
Sat Aug 18, 2018 1:15 pm
Forum: Personal Consumer Issues
Topic: UPDATE: Credit Card Fraud - $30K
Replies: 66
Views: 8684

Re: Credit Card Fraud - $30K

due to the large value of the fraud, it is being handled by a special Citi fraud group. All of my financial institutions (except treasury direct) offer fraud protection for online fraud. I am required (in the fine print of the fraud protection) to let them investigate my computer to see if it is/wa...