Search found 4761 matches

by Silk McCue
Mon Sep 21, 2020 7:25 am
Forum: Personal Finance (Not Investing)
Topic: Hospital bill for deceased parent...received 2 years later.
Replies: 67
Views: 7190

Re: Hospital bill for deceased parent...received 2 years later.

Yes she was on Medicare (she was 85) but I don’t know details about deductibles. I will have to see if I can find any files at their house that may give insight. If she had been in the hospital I am confident that she had already met her deductible for the year. This is highly likely a clerical err...
by Silk McCue
Mon Sep 21, 2020 7:19 am
Forum: Personal Finance (Not Investing)
Topic: Hospital bill for deceased parent...received 2 years later.
Replies: 67
Views: 7190

Re: Hospital bill for deceased parent...received 2 years later.

From "googling," it looks like statute of limitations for medical debt in New Jersey is 6 years--but double check. How much is the amount of the bill? Was this bill submitted to insurance, by chance? The bill says it was submitted to Aetna in July 2020 and came back Not Eligible status, so nothing ...
by Silk McCue
Sat Sep 19, 2020 7:37 am
Forum: Personal Investments
Topic: Losing Money with Index Funds
Replies: 149
Views: 13692

Re: Losing Money with Index Funds

I've never lost a dime investing in index funds. If you don't bail on your choice or have a forced sale to meet a financial need you don't have a loss.

Cheers
by Silk McCue
Thu Sep 17, 2020 5:23 pm
Forum: Investing - Theory, News & General
Topic: U.S. stocks in free fall
Replies: 20234
Views: 2762222

Re: U.S. stocks in free fall

Stef wrote: Thu Sep 17, 2020 5:02 pm Locked because the thread has run its course.
This is a permanent thread. It has no course to finish.

Cheers
by Silk McCue
Wed Sep 16, 2020 1:07 pm
Forum: Personal Investments
Topic: Rollover to Roth: incr. MAGI? Can Donation Offset that?
Replies: 6
Views: 375

Re: Rollover to Roth: incr. MAGI? Can Donation Offset that?

Roth conversions do not impact your ability to contribute to a Roth in the same year in respect to MAGI limits. Convert away. Donating to a DAF or directly to a charity charity can only offset the tax liability on a Roth conversion to the extent that your itemized deductions exceed your standard ded...
by Silk McCue
Wed Sep 02, 2020 11:42 am
Forum: Investing - Theory, News & General
Topic: For those with $500k-$1m in investments...
Replies: 211
Views: 33466

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

parisinthespring wrote: Tue Sep 01, 2020 8:49 pm Long time lurker, first post! Approx. 25% taxable; 75% tax deferred. 2 months till I reach 65. With luck, hope to hit the 2 comma club in investments around the same time. Am still working and contribute max to company 401k with 6% co. match.
Welcome to Bogleheads!

Cheers
by Silk McCue
Sun Aug 30, 2020 7:12 am
Forum: Personal Investments
Topic: time to invest cash reserves?
Replies: 54
Views: 3819

Re: time to invest cash reserves?

Huge mistake in abandoning your Boglehead ways by timing the market by not investing in your normal fashion. You would likely have come out ahead and even done better had you rebalanced. This is the problem with being a market timer. You are now asking folks that have no idea where the market will b...
by Silk McCue
Fri Aug 28, 2020 11:25 am
Forum: Personal Finance (Not Investing)
Topic: "rates to remain low for 'very long time'"
Replies: 1
Views: 516

Re: "rates to remain low for 'very long time'"

ekid wrote: Fri Aug 28, 2020 11:22 am
How to trust the Fed's statement of "long time low rates"?
I wouldn’t bet the farm on it.

I would refinance to a lower fixed percentage.

Cheers
by Silk McCue
Mon Aug 24, 2020 2:42 pm
Forum: Personal Finance (Not Investing)
Topic: Fidelity Elan Alerts on iPhone
Replies: 2
Views: 270

Re: Fidelity Elan Alerts on iPhone

Scroll to the bottom of the page on this link. If there were such a feature I would expect it should be there but isn’t.

https://www.fidelity.com/cash-managemen ... redit-card

Cheers
by Silk McCue
Sat Aug 22, 2020 5:55 pm
Forum: Personal Consumer Issues
Topic: Best Earbuds with Microphone
Replies: 40
Views: 2363

Re: Best Earbuds with Microphone

Once you’ve tried the Apple airpods I don’t think you will want to use wired again. Cheers I’ll bite. What makes them so great, compared to the wired option? No wires! I have wireless earbuds for working out, amazing for that. I would not use them for work conference calls. Imagine them running out...
by Silk McCue
Sat Aug 22, 2020 2:41 pm
Forum: Personal Consumer Issues
Topic: Best Earbuds with Microphone
Replies: 40
Views: 2363

Re: Best Earbuds with Microphone

Once you’ve tried the Apple airpods I don’t think you will want to use wired again.

Cheers
by Silk McCue
Sat Aug 22, 2020 12:34 pm
Forum: Personal Investments
Topic: ETF Investing
Replies: 5
Views: 335

Re: ETF Investing

Welcome to Bogleheads! No we wouldn’t advise that strategy if you want to be a successful investor. We would recommend that you get a free education and learn about our sane and sensible investing principles before doing anything. Start with this link. https://www.bogleheads.org/wiki/Getting_started...
by Silk McCue
Sat Aug 22, 2020 11:23 am
Forum: Personal Investments
Topic: Roth IRA conversion between brokerages
Replies: 5
Views: 388

Re: Roth IRA conversion between brokerages

Do you know if I can do a partial transfer after the Roth conversion? I have a Roth at both Brokerage A and B. I want to do a Roth conversion at A from the tIRA to my Roth. Then I want to transfer just the shares that were converted, in kind, (other positions already exist in my Roth at A) to my Ro...
by Silk McCue
Wed Aug 19, 2020 8:02 am
Forum: Personal Finance (Not Investing)
Topic: Pay1040.com payment delay
Replies: 5
Views: 510

Re: Pay1040.com payment delay

I paid remaining 2019 taxes due via pay1040.com on July 14th. When I logged into my IRS account a week ago the payment had still not posted there. I logged in today and it is now showing. That's somewhere between 4 to 5 weeks for the posting to take place.

Cheers
by Silk McCue
Tue Aug 18, 2020 7:53 pm
Forum: Personal Finance (Not Investing)
Topic: Elder parents co-checking.
Replies: 19
Views: 1589

Re: Elder parents co-checking.

I’m not certain how being added to your parents checking could impact Medicaid (not Medicare) spend down concerns. As long as checks aren’t being written to you or your sibling which could be seen as an asset transfer I don’t see an issue. You didn’t provide any specific concerns about the situation...
by Silk McCue
Tue Aug 18, 2020 10:46 am
Forum: Personal Investments
Topic: Vxus [Vanguard Total International Stock ETF]
Replies: 17
Views: 1074

Re: Vxus

We have an endless supply of existing threads on Total International already.

The Google search box is your friend.

We hold 40% Total International in our equities.

Cheers
by Silk McCue
Mon Aug 17, 2020 6:36 pm
Forum: Personal Finance (Not Investing)
Topic: Zelle at fidelity
Replies: 7
Views: 4093

Re: Zelle at fidelity

michaelingp wrote: Mon Aug 17, 2020 6:25 pm It's over a year later. That's a lot of looking. Anyone have any more recent information?
Google says no.

https://www.fidelity.com/cash-managemen ... e-payments

Cheers
by Silk McCue
Fri Aug 14, 2020 9:30 pm
Forum: Personal Investments
Topic: Scenario: Roth IRA Taxes
Replies: 28
Views: 1711

Re: Scenario: Roth IRA Taxes

I disagree with the regulars who posted on this thread that this is a no-brainer or that your question was ill-formed. When you bump against the 22% bracket, which is also in the vicinity of the end of the 0% LTCG/QDiv, the tax effect is not so simple. Please note that at my suggestion the OP edite...
by Silk McCue
Fri Aug 14, 2020 6:42 pm
Forum: Personal Investments
Topic: Scenario: Roth IRA Taxes
Replies: 28
Views: 1711

Re: Scenario: Roth IRA Taxes

I have known about how graduated tax brackets work. I was simply wanting some insight as to how to determine the exact amount paid on my yearly roth iira contributions. I think i could have worded the original post a bit better. If you still want assistance I would recommend that you edit your orig...
by Silk McCue
Fri Aug 14, 2020 6:10 pm
Forum: Personal Investments
Topic: Scenario: Roth IRA Taxes
Replies: 28
Views: 1711

Re: Scenario: Roth IRA Taxes

Understand. I am 43 and I dont believe phase-out applies to us at this stage. I like to think I know a decent amount about taxes, but some situations make me wonder. I am not intending to be rude but your original question is in direct conflict with this statement. The application of marginal rates...
by Silk McCue
Fri Aug 14, 2020 5:04 pm
Forum: Personal Investments
Topic: Scenario: Roth IRA Taxes
Replies: 28
Views: 1711

Re: Scenario: Roth IRA Taxes

Whether you put the 12k into the Roth, taxable account or just spend it only the dollars that are taxed at 22% are taxed at 22%. The others aren’t.

It’s that simple.

Cheers
by Silk McCue
Mon Aug 10, 2020 7:52 am
Forum: Personal Investments
Topic: Converting Vanguard mutual funds to ETFs.
Replies: 6
Views: 610

Re: Converting Vanguard mutual funds to ETFs.

25% less of almost nothing is less than almost nothing.

Keep in mind that you lose the ability to auto invest and to purchase partial shares when you are buying ETFs.

Cheers
by Silk McCue
Sun Aug 09, 2020 12:00 pm
Forum: Personal Finance (Not Investing)
Topic: How to get Vanguard balances as of a historical date?
Replies: 5
Views: 605

Re: How to get Vanguard balances as of a historical date?

When you are logged in go to this link.

https://personal.vanguard.com/us/XHTML/ ... ncesbydate

Balances & Holdings -> Balance by Date

Cheers
by Silk McCue
Sun Aug 09, 2020 11:35 am
Forum: Personal Consumer Issues
Topic: Text Message Auto Spelling Name
Replies: 2
Views: 451

Re: Text Message Auto Spelling Name

For IOS do this.

https://www.tapsmart.com/tips-and-trick ... rst%20name.

There may be something similar for Google.

Cheers
by Silk McCue
Fri Aug 07, 2020 7:59 am
Forum: Personal Finance (Not Investing)
Topic: List of One Stop Shops
Replies: 19
Views: 1624

Re: List of One Stop Shop

Welcome to Bogleheads! How many options do you need and why? Cheers Thanks. I am interested in just seeing the available options and maybe updating the Wiki. This might also be of interest to other users here on the forum as well. Pardon me for my suspiciousness but it is extremely odd that you joi...
by Silk McCue
Thu Aug 06, 2020 6:34 pm
Forum: Personal Finance (Not Investing)
Topic: List of One Stop Shops
Replies: 19
Views: 1624

Re: List of One Stop Shop

Welcome to Bogleheads!

How many options do you need and why?

Cheers
by Silk McCue
Wed Aug 05, 2020 7:10 pm
Forum: Personal Finance (Not Investing)
Topic: Best banks for HELOCs
Replies: 2
Views: 358

Re: Best banks for HELOCs

ThirdFederal.com if it is available in your state.

Cheers
by Silk McCue
Tue Aug 04, 2020 11:52 am
Forum: Personal Finance (Not Investing)
Topic: Inherited IRA (distribution) + backdoor ROTH same year - any tips on how to report on tax return ?
Replies: 9
Views: 424

Re: Inherited IRA (distribution) + backdoor ROTH same year - any tips on how to report on tax return ?

Properly titled Inherited IRA's have no impact on Backdoor Roths. We have a Wiki for that covers this. https://www.bogleheads.org/wiki/Backdoor_Roth FYI - A simple search of the site using "Inherited IRA Backdoor Roth" will reveal that. Most questions have already been asked and answers can be readi...
by Silk McCue
Mon Aug 03, 2020 2:44 pm
Forum: Personal Finance (Not Investing)
Topic: Advice: refinance balance on variable Heloc to a Fixed rate HELOC for peace of mind.
Replies: 2
Views: 172

Re: Advice: refinance balance on variable Heloc to a Fixed rate HELOC for peace of mind.

I have the same 2.24% HELOC with ThirdFederal. Prime isn’t going up anytime soon as the Fed is going to keep their underlying rate low for quite some time. Since you plan to bump up payments to $1000 soon I wouldn’t spend the closing costs and go to a higher rate.

Cheers
by Silk McCue
Sat Aug 01, 2020 6:02 pm
Forum: Investing - Theory, News & General
Topic: weighted expense ratio calculation?
Replies: 3
Views: 254

Re: weighted expense ratio calculation?

Sum the products of each fund percentage times their respective ER.

(.25 * .06) + (.51 * .02) + (.15 * .03) + (.09 * .04) = .0333%

Cheers
by Silk McCue
Thu Jul 30, 2020 5:22 pm
Forum: Personal Consumer Issues
Topic: Epson WF-4720 FIRMWARE UPDATE [kills non-Epson ink cartridges]
Replies: 2
Views: 300

Re: Epson WF-4720 FIRMWARE UPDATE

What did customer service say when you contacted them? What did you find when you Googled this situation?

Sorry for your troubles.

Cheers
by Silk McCue
Tue Jul 28, 2020 8:59 am
Forum: Personal Finance (Not Investing)
Topic: FOMO: Gold and Silver -- Buy, Sell, Hold, Waiting for Dip?
Replies: 43
Views: 2642

Re: FOMO: Gold and Silver -- Buy, Sell, Hold, Waiting for Dip?

OP, if you are considering buying and have not been a regular investor then there is no way I would buy Gold at all time highs. I don't think Silver will hold these levels for an extended period of time either.

But of course, I know nothing.

Cheers
by Silk McCue
Tue Jul 28, 2020 8:46 am
Forum: Personal Finance (Not Investing)
Topic: Quicken 2019 and forward
Replies: 435
Views: 38024

Re: Quicken 2019 and forward

Yep. But my experience has been some of the fixes break other things and "enhancements" are to make them more money. Today I noticed for the first time under Reports-Investing a report called "Investing Activity". There is a button to upgrade to Premier to get this report. It is shocking that a cap...
by Silk McCue
Tue Jul 28, 2020 7:45 am
Forum: Personal Finance (Not Investing)
Topic: Inherited IRA/401K & Missed RMDs
Replies: 5
Views: 676

Re: Inherited IRA/401K & Missed RMDs

Welcome to Bogleheads!

Sorry for the mess. I am posting to draw the attention of Alan S so that he might provide you with feedback when he is notified that he was quoted here.
Alan S. wrote: Wed Apr 03, 2019 11:03 pm

Cheers
by Silk McCue
Mon Jul 27, 2020 7:23 pm
Forum: Personal Investments
Topic: What happened to my dividends?
Replies: 10
Views: 1914

Re: What happened to my dividends?

VTSAX paid out the dividend June 24. If the switch to Fidelity occurred before that there is no issue. Your exchange would have been made based upon the dollar value of the holdings. If it occurred after that date there should have been a dividend paid.

Cheers
by Silk McCue
Sun Jul 26, 2020 12:15 pm
Forum: Personal Finance (Not Investing)
Topic: Car Purchase Advice
Replies: 10
Views: 1185

Re: Car Purchase Advice

Welcome to Bogleheads!

Pay cash and enjoy the frugal purchase of a used Q5.

Cheers
by Silk McCue
Sun Jul 26, 2020 11:57 am
Forum: Personal Finance (Not Investing)
Topic: Now age 65 and want to voluntarily suspend Social Security payments...advice please?
Replies: 3
Views: 573

Re: Now age 65 and want to voluntarily suspend Social Security payments...advice please?

You cannot suspend before your FRA. Any reductions in the SS benefit received between now and FRA due to excess earnings will be accounted for when your FRA is recalculated once it is obtained and will become the basis for your delayed credits until you reach 70 or when you choose to start your bene...
by Silk McCue
Sun Jul 26, 2020 8:10 am
Forum: Personal Finance (Not Investing)
Topic: Does Umbrella Insurance need to cover Term Life?
Replies: 3
Views: 412

Re: Does Umbrella Insurance need to cover Term Life?

IANAL So long as your wife is not a part of the judgement and is the beneficiary of the policy there will be no claim on it.

Cheers
by Silk McCue
Sun Jul 26, 2020 7:55 am
Forum: Personal Finance (Not Investing)
Topic: Please check my Refinance Math. Is this a no Brainer?
Replies: 13
Views: 1267

Re: Please check my Refinance Math. Is this a no Brainer?

You currently have 7.3 years left on your mortgage. You propose a refinance with a 7.9 year payoff for an additional 6/7 months of payments. That comparison seems useless to me as it doesn't provide a meaningful comparison other than making the new mortgage payment looking more favorable than the ex...
by Silk McCue
Sat Jul 25, 2020 10:49 am
Forum: Personal Finance (Not Investing)
Topic: CARES Act RMD rules
Replies: 4
Views: 391

Re: CARES Act RMD rules

If you return the entire amount withdrawn the gift to the charity will be as if it were from a Taxable account and would have to be itemized to receive a tax benefit. If you wish to avoid taxes on the funds you gave to the charity as a QCD then simply don't return that portion of the withdrawal and ...
by Silk McCue
Fri Jul 24, 2020 2:33 pm
Forum: Personal Finance (Not Investing)
Topic: State Tax Payment (Virginia) - Significant Penalty
Replies: 4
Views: 695

Re: State Tax Payment - Significant Penalty

It might be useful to name the state rather than say "the state I live in". You should edit your post and put the state name in the first line. Better yet, also edit the title of the post and add the state name there to catch folks attention.

Cheers
by Silk McCue
Fri Jul 24, 2020 7:40 am
Forum: Personal Finance (Not Investing)
Topic: Take the entire IRA SPIA (annuity) as income?
Replies: 44
Views: 1897

Re: Take the entire IRA SPIA (annuity) as income?

gasdoc, Here is our planned approach (currently aged 69+66) to tax-deferred investments: '... We will cheerfully pay tax on the level payments (including IRMAA if required) and invest the remainder in our taxable investments. ... Have you considered Roth conversions of the remainder that would othe...
by Silk McCue
Thu Jul 23, 2020 8:13 pm
Forum: Personal Finance (Not Investing)
Topic: Take the entire IRA SPIA (annuity) as income?
Replies: 44
Views: 1897

Re: Take the entire IRA SPIA (annuity) as income?

The RMD will be what the annual SPIA distribution is, and will not satisfy any portion of the RMD for any other IRA accounts. This assumes that the SPIA structure does not violate any of the RMD Regs such as having a period certain that lasts too long. So if EJ quoted an RMD any different than the ...
by Silk McCue
Thu Jul 23, 2020 7:55 pm
Forum: Personal Finance (Not Investing)
Topic: Take the entire IRA SPIA (annuity) as income?
Replies: 44
Views: 1897

Re: Take the entire IRA SPIA (annuity) as income?

... Apparently Silk McCue 's brother-in-law's brother bought an immediate annuity inside a section 408(a) IRAccount. This is the first I've heard of anyone actually doing that. (We talked about them way back in 2008.) I am curious to know the name of the IRA custodian and the name of the insurance ...
by Silk McCue
Thu Jul 23, 2020 4:59 pm
Forum: Personal Finance (Not Investing)
Topic: Take the entire IRA SPIA (annuity) as income?
Replies: 44
Views: 1897

Re: Take the entire IRA SPIA (annuity) as income?

My brother-in-law Inherited an IRA from his brother this past year. A 10 year Annuity had been previously purchased within the IRA and the monthly payouts are deposited back into the IRA. The original owner would withdraw those funds monthly for living expenses and of course pay taxes on the distrib...
by Silk McCue
Thu Jul 23, 2020 8:13 am
Forum: Personal Finance (Not Investing)
Topic: Sold land - Capital Gains & Loss
Replies: 7
Views: 605

Re: Sold land - Capital Gains & Loss

not sure i understand the comment about "front of line vs. back of line" lakr? I thought capital gains were likely to always be the lowest taxed income vs. ordinary? Maybe I'm just not understanding the process when using capital losses... The OP wants to offset income due to ACA subsidies qualific...