Search found 383 matches

by vtMaps
Sun Sep 23, 2018 4:30 am
Forum: Personal Finance (Not Investing)
Topic: What's Your Credit Card Rewards Strategy?
Replies: 2806
Views: 560160

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: 582

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: 2199

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: 64
Views: 7134

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: 1021

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: 1082

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: 1082

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: 1048

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: 811

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: 454

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: 57
Views: 6600

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...
by vtMaps
Thu Aug 16, 2018 7:58 pm
Forum: Personal Finance (Not Investing)
Topic: "Open Social Security" calculator: feature requests, bug reports, etc
Replies: 195
Views: 17794

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

One Ping wrote:
Thu Aug 16, 2018 6:08 pm
So, since the recent change to the law, you can't really file for your spousal benefit before FRA unless you take your own benefit at the same time (deemed filing?), right?
Even before the law changed, I don't think you could file a restricted application before your FRA.

--vtMaps
by vtMaps
Mon Aug 13, 2018 4:51 pm
Forum: Personal Finance (Not Investing)
Topic: "Open Social Security" calculator: feature requests, bug reports, etc
Replies: 195
Views: 17794

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

My understanding of Delayed Retirement Credits is that they are not credited to your account until January of the year following the year in which they were earned. Thus if I file at full retirement age (FRA) in March of 2019 or in September (FRA + 6 months), wouldn't my monthly payment be the same ...
by vtMaps
Tue Aug 07, 2018 1:00 pm
Forum: Investing - Help with Personal Investments
Topic: Fidelity Cash Management Account
Replies: 1
Views: 415

Re: Fidelity Cash Management Account

When you go online to your CMA, see what your available cash amount is. Your cash in SPRXX is just as available as the cash in your core fund.

--vtMaps
by vtMaps
Sun Aug 05, 2018 9:33 am
Forum: Personal Finance (Not Investing)
Topic: Earn 1.5% on your checking account without the usual hoops (at Fidelity)
Replies: 64
Views: 7134

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

It’s listed in their FAQ’s, they will not sell stock or bond. https://www.fidelity.com/cash-management/faqs-cash-management-account If I drop below my minimum target balance or use Cash Manager overdraft protection, will any of my stocks, bonds, or mutual funds be sold? No, Cash Manager overdraft p...
by vtMaps
Sun Aug 05, 2018 6:17 am
Forum: Personal Finance (Not Investing)
Topic: IRA conversion or take capital gains?
Replies: 8
Views: 568

Re: IRA conversion or take capital gains?

DW filled for SS this year and I will be getting spousal benefits on her account. Being in a low tax bracket I was considering doing IRA conversions to Roth to fill up the 12% bracket. Chances are that if you fill up the 12% bracket with Roth conversions, you will first have to fill up the 15%, 18....
by vtMaps
Sat Jul 28, 2018 5:15 am
Forum: Investing - Help with Personal Investments
Topic: Why is rollover to Roth with Pre-Tax $$ So Bad?
Replies: 28
Views: 2532

Re: Why is rollover to Roth with Pre-Tax $$ So Bad?

And I don't remember the math -- there's something about an untaxed portion of social security. I think you are referring to the SS tax hump, sometimes referred to as the tax torpedo. The amount of SS that is taxable depends on the amount of your other income. There is a range of incomes where each...
by vtMaps
Fri Jul 27, 2018 9:51 pm
Forum: Investing - Help with Personal Investments
Topic: Why is rollover to Roth with Pre-Tax $$ So Bad?
Replies: 28
Views: 2532

Re: Why is rollover to Roth with Pre-Tax $$ So Bad?

I don't think you are missing anything. One thing to realize is that if you pay the roth conversion tax out of your pre-tax retirement account, you are giving up space in your tax-advantaged accounts.

--vtMaps
by vtMaps
Wed Jul 11, 2018 5:26 am
Forum: Personal Finance (Not Investing)
Topic: Best Available 2018 tax estimator
Replies: 44
Views: 8088

Re: Best Available 2018 tax estimator

The Dinkytown calculator is also available here: https://www.jacksonhewitt.com/tax-tools/tax-refund-calculators/1040-tax-calculator/ I notice that if you have SS income, the calculator indicates which federal tax bracket you are in, but it does not indicate your true marginal bracket (taking into co...
by vtMaps
Tue Jul 10, 2018 8:01 pm
Forum: Personal Consumer Issues
Topic: Amazon won't sell this book to me.
Replies: 68
Views: 8715

Re: Amazon won't sell this book to me.

UPDATE: I ordered the book (and a few other items) from Target on July 8 (I started this thread the next day). This afternoon (July 10) I received the book and the rest of the order. That's 48 hours from order to delivery. Much much better than any service I've ever had at Amazon, and at a better pr...
by vtMaps
Tue Jul 10, 2018 4:32 pm
Forum: Investing - Help with Personal Investments
Topic: Stable Value Fund
Replies: 12
Views: 1028

Re: Stable Value Fund

Stable value funds are only available in qualified retirement plans such as 401K's, although I never really understood why there was such a limitation. Not so. TIAA offers their stable value fund in their traditional and Roth IRAs. It is completely liquid, but pays less than it does in a employer r...
by vtMaps
Mon Jul 09, 2018 3:03 pm
Forum: Personal Consumer Issues
Topic: Amazon won't sell this book to me.
Replies: 68
Views: 8715

Amazon won't sell this book to me.

My DW asked me to order a book for her. I googled the book title: “Native Plants for New England Gardens”. The first hit was Amazon. I was very surprised to find that the book is only for sale to prime members (price= $16.68). Not a problem, the book is readily available elsewhere, and I just ordere...
by vtMaps
Sun Jul 01, 2018 4:26 am
Forum: Personal Finance (Not Investing)
Topic: Any way to "forfeit" income to avoid IRMAA cliff
Replies: 27
Views: 2669

Re: Any way to "forfeit" income to avoid IRMAA cliff

A thought for future years: If you can't reduce your income this year, would it make sense to sell something and take the gain this year to avoid this situation in future years? Or to take a larger withdrawal from a tax deferred account to reduce future RMDs? (keeping in mind the next IRMMA cliff a...
by vtMaps
Fri Jun 29, 2018 1:54 pm
Forum: Investing - Help with Personal Investments
Topic: Need help starting with taxable investing
Replies: 9
Views: 696

Re: Need help starting with taxable investing

Do you know about tax-loss harvesting? Having the same fund in taxable and an IRA can complicate TLH. Also, reinvesting dividends in either taxable or IRA can complicate TLH.

--vtMaps
by vtMaps
Thu Jun 28, 2018 8:45 pm
Forum: Personal Finance (Not Investing)
Topic: Another Social Security Strategy Question
Replies: 11
Views: 1233

Re: Another Social Security Strategy Question

dwickenh wrote:
Thu Jun 28, 2018 8:38 pm
As long as he turned 64 on or before 01-01-2018 he should qualify to file and suspend his own benefit while claiming spousal benefits.
No. He claims restricted spousal benefits. File and suspend is no longer an option.

--vtMaps
by vtMaps
Thu Jun 07, 2018 7:26 pm
Forum: Personal Finance (Not Investing)
Topic: New SS claiming calculator ["Open Social Security" - ObliviousInvestor]
Replies: 65
Views: 5942

Re: New SS claiming calculator

Artful Dodger wrote:
Thu Jun 07, 2018 4:44 pm
I have the Fidelity planner assuming we're both dying at the same time
The likelihood of us dying at the same time depends on which of us is driving :wink: --vtMaps
by vtMaps
Tue Jun 05, 2018 6:40 am
Forum: Personal Finance (Not Investing)
Topic: New SS claiming calculator ["Open Social Security" - ObliviousInvestor]
Replies: 65
Views: 5942

Re: New SS claiming calculator

ObliviousInvestor wrote:
Tue Jun 05, 2018 6:37 am
(I'm curious, does anybody know if other calculators do make assumptions about legislative changes?)
I-ORP assumes reduced benefits when the trust fund is depleted.

--vtMaps
by vtMaps
Tue Jun 05, 2018 6:36 am
Forum: Personal Finance (Not Investing)
Topic: New SS claiming calculator ["Open Social Security" - ObliviousInvestor]
Replies: 65
Views: 5942

Re: New SS claiming calculator

When I tried the alternative claiming strategy, I had my wife (with higher PIA) claiming (restricted) spousal benefits at 66 (FRA) and her own retirement benefits at 70. The calculator insisted I also put in a date for me to collect spousal benefits. That doesn't make sense... we can't both collect ...
by vtMaps
Fri Jun 01, 2018 10:21 am
Forum: Personal Finance (Not Investing)
Topic: How long does it take for SS to fix earnings record?
Replies: 14
Views: 1684

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

I think it's a matter of getting to talk to the right person. Like your wife, I too was missing an entire year of earnings on my SS record, and I had the W2 & Tax return. After initially going to my SS office and handing everything over, several months passed by and nothing happened. I had to go ba...
by vtMaps
Wed May 23, 2018 3:47 pm
Forum: Personal Finance (Not Investing)
Topic: combining two Roths so when is 5 year bar?
Replies: 19
Views: 1633

Re: combining two Roths so when is 5 year bar?

Alan S. wrote:
Wed May 23, 2018 2:40 pm
5) A sole surviving spouse that inherits a Roth IRA and elects to assume ownership uses the clock of the deceased spouse unless surviving spouse already owns a Roth with a clock that started earlier.
What happens if there are multiple surviving spouses? :confused
--vtMaps
by vtMaps
Wed May 23, 2018 2:17 am
Forum: Personal Finance (Not Investing)
Topic: How long does it take for SS to fix earnings record?
Replies: 14
Views: 1684

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

Thanks for the data points. It appears that our 5 month wait is not out of the ordinary. I recall that the agent we met with last December said it might take a few months... she never mentioned that it might take a year.

--vtMaps
by vtMaps
Tue May 22, 2018 7:46 pm
Forum: Personal Finance (Not Investing)
Topic: How long does it take for SS to fix earnings record?
Replies: 14
Views: 1684

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

Bump. Is it reasonable for this to take five months? How much longer should my wife wait before contacting SS again?

--vtMaps
by vtMaps
Sun May 20, 2018 11:59 am
Forum: Personal Finance (Not Investing)
Topic: How long does it take for SS to fix earnings record?
Replies: 14
Views: 1684

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

My wife's SS earnings record shows $0 for the year 1989. She met with a SS agent in Dec 2017 and presented a copy of her 1989 tax return and the W2 that showed she had paid into SS. As of this past Friday (May 18) her online earnings record is still $0 for 1989. Anyone have experience with this? How...
by vtMaps
Thu May 17, 2018 2:05 pm
Forum: Investing - Theory, News & General
Topic: Why do so many people quote "You will likely be in a lower tax bracket in retirement"
Replies: 550
Views: 37851

Re: Why do so many people quote "You will likely be in a lower tax bracket in retirement"

4 years from RMD and I wish I had piled up more money in taxable than maxing out 401K when I was in my 30s and 40s. Big miscalculation! I hear that a lot but is it true? It's certainly true if you retire early and buy health insurance on the exchange. If I had had more in taxable, it would have bee...
by vtMaps
Thu May 17, 2018 5:35 am
Forum: Investing - Theory, News & General
Topic: Why do so many people quote "You will likely be in a lower tax bracket in retirement"
Replies: 550
Views: 37851

Re: Why do so many people quote "You will likely be in a lower tax bracket in retirement"

I haven't seen it mentioned yet, but for many folks the SS tax hump puts them in a higher marginal bracket than when they were working. For example: A MFJ couple with ordinary income of $75k is in the 12% marginal bracket. If that couple retires with the same income, but $40k is SS and $35k is other...
by vtMaps
Tue May 15, 2018 3:22 am
Forum: Personal Finance (Not Investing)
Topic: Bicycle insurance? when you're in the roadway like a car
Replies: 38
Views: 3542

Re: Bicycle insurance? when you're in the roadway like a car

My son was hit by a motorist while riding a bicycle. He was not at fault. My insurance agent said his medical expenses would be covered by our auto insurance. When we checked in to the ER, the hospital insisted that we provide our medical insurance, and I insisted that I was not going to because th...
by vtMaps
Thu Apr 26, 2018 3:23 am
Forum: Investing - Help with Personal Investments
Topic: Buying Treasury Bills: Treasury Direct or Vanguard / Fidelity
Replies: 57
Views: 11063

Re: Buying Treasury Bills: Treasury Direct or Vanguard / Fidelity

One other difference: The brokerages will send you a 1099 tax form. At treasury direct you need to remember to go online and download and print your 1099.

--vtMaps
by vtMaps
Tue Apr 24, 2018 1:41 pm
Forum: Investing - Help with Personal Investments
Topic: Small Roth, big RMD--advice?
Replies: 14
Views: 2194

Re: Small Roth, big RMD--advice?

Can you elaborate? I'm not sure how I'd do this. Once I start taking SS, it will be constant-- and the RMD will be whatever the government says it is. The only thing I can do is make sure I get the IRA to where I'd want it to be, for the RMD I think makes sense. That will require me withdrawing IRA...
by vtMaps
Mon Apr 23, 2018 7:20 pm
Forum: Investing - Help with Personal Investments
Topic: Small Roth, big RMD--advice?
Replies: 14
Views: 2194

Re: Small Roth, big RMD--advice?

I'm getting close enough to retirement to be focused on figuring it out. My retirement savings has always been extremely focused on before tax savings to avoid current year taxable income. As a result, 93% of my retirement money is in tax advantaged accounts, and just 7% is in ROTH. We are in much ...
by vtMaps
Thu Apr 12, 2018 4:32 am
Forum: Investing - Theory, News & General
Topic: I bonds rates and returns
Replies: 7
Views: 1574

Re: I bonds rates and returns

whodidntante wrote:
Thu Apr 12, 2018 1:52 am
One thing to know is there is a mandatory holding period of one year, and they are serious about that.
If you buy a bond today (4/12/18) or later this month, you can redeem it on April Fool's Day in 2019. That is (seriously) less than a year.

--vtMaps
by vtMaps
Tue Apr 10, 2018 11:21 am
Forum: Investing - Help with Personal Investments
Topic: Alternative website for those in lower tax brackets?
Replies: 59
Views: 6066

Re: Alternative website for those in lower tax brackets?

One of the most important things I have learned here is how to be in a lower tax bracket. Many folks could pay less tax if they were to follow the tips and tricks I have learned here. I like being in a lower bracket :beer

--vtMaps
by vtMaps
Tue Apr 03, 2018 11:26 am
Forum: Personal Finance (Not Investing)
Topic: Social Security Question [spousal benefit]
Replies: 24
Views: 1750

Re: Social Security Question [spousal benefit]

If you were to pass before her (after 70 ) she would get your benefit at the time of your passing (survivor benefit) and lose whatever benefit she had at that time . I think the highlighted part above is true only if her benefit at the time of his passing is less than 50% of what her survivor benef...
by vtMaps
Tue Apr 03, 2018 10:31 am
Forum: Personal Finance (Not Investing)
Topic: Social Security Question [spousal benefit]
Replies: 24
Views: 1750

Re: Social Security Question [spousal benefit]

I just want to make sure that by taking the spousal benefit at age 64, prior to full retirement age, I won't reduce my own benefit at age 70. Is that the case? The rules have changed... you cannot take a benefit restricted to only your spouse's earning record while she is alive. If she dies before ...
by vtMaps
Sat Mar 24, 2018 11:23 am
Forum: Personal Finance (Not Investing)
Topic: Can I really target to pay 0% Federal Taxes for 12 yrs of Retirement
Replies: 46
Views: 6567

Re: Can I really target to pay 0% Federal Taxes for 12 yrs of Retirement

Thanks for the link to i-ORP. I have been running a number of different scenarios which are very insightful. Looks like there is more safety margins in my plans than I had expected! One thing that looks strange is that it recommending TIRA to Roth Conversions and then immediate withdrawl from the R...
by vtMaps
Mon Mar 19, 2018 1:41 pm
Forum: Investing - Help with Personal Investments
Topic: Anyway to get traditional IRA funds minimizing tax other then not working?
Replies: 63
Views: 5632

Re: Anyway to get traditional IRA funds minimizing tax other then not working?

Codemaster, I'm coming into this thread late, but do your parents receive social security benefits? If so, there may be an advantage to alternating years of high and low withdrawals from the IRA. This is because of the social security tax hump. I wrote about it here: https://www.bogleheads.org/forum...
by vtMaps
Mon Mar 12, 2018 1:15 pm
Forum: Personal Finance (Not Investing)
Topic: Can a 2017 IRA contribution in 2018 cause the loss of ACA premium tax credits?
Replies: 8
Views: 677

Re: Can a 2017 IRA contribution in 2018 cause the loss of ACA premium tax credits?

According to https://www.healthinsurance.org/faqs/if-my-income-is-less-than-expected-this-year-i-might-be-eligible-for-medicaid-what-can-i-do-during-open-enrollment-to-cover-my-bases/ If you receive an advance premium tax credit and then your income actually ends up being under 100 percent of pover...
by vtMaps
Mon Mar 12, 2018 11:09 am
Forum: Personal Finance (Not Investing)
Topic: Can a 2017 IRA contribution in 2018 cause the loss of ACA premium tax credits?
Replies: 8
Views: 677

Can a 2017 IRA contribution in 2018 cause the loss of ACA premium tax credits?

DW just turned 65, so 2017 was our last full year of ACA health insurance. DW’s earned income was low enough to receive cost sharing reductions. Actually, our income was near the top of the 10% bracket. Of course, there is no 10% bracket when one is receiving premium tax credits… the cost of health ...
by vtMaps
Thu Mar 01, 2018 1:47 pm
Forum: Investing - Help with Personal Investments
Topic: IRA Conversions, the ACA, and Dividend/Interest Income
Replies: 9
Views: 839

Re: IRA Conversions, the ACA, and Dividend/Interest Income

So I guess there really isn't a 12% bracket for anyone with subsidized ACA... :confused That's correct. DW just went on medicare (in 2018), but was on ACA for all of 2017. We will take $13k out of our IRAs this month (12% tax bracket). A day later we will make $13k contributions to the same IRAs, b...
by vtMaps
Tue Feb 27, 2018 7:57 pm
Forum: Personal Consumer Issues
Topic: Mobile Deposit Bank Fraud
Replies: 36
Views: 3006

Re: Mobile Deposit Bank Fraud

The author of the blog wrote:
"I am out a considerable amount of money because I was not following my accounts closely".
He didn't mention a timeline, but I suspect that he didn't notice the fraud until long after the statement date.

--vtMaps
by vtMaps
Sun Feb 25, 2018 7:41 pm
Forum: Personal Finance (Not Investing)
Topic: H&R Block software problem
Replies: 16
Views: 1628

Re: H&R Block software problem

Why would you want to import your 2016 AGI into your 2017 tax return?

--vtMaps