Search found 482 matches

by Silk McCue
Fri Jan 12, 2018 10:42 pm
Forum: Personal Finance (Not Investing)
Topic: New Tax Plan - How to make the most of it?
Replies: 43
Views: 4434

Re: New Tax Plan - How to make the most of it?

I know. But I mean, part of the reason I'm max-ing the retirement contributions is to save tax. In 2017, if I don't make any contributions to retirements, I'm in the 28% bracket and pay $28.3k tax. When I max the contributions, I bring myself from 28% to 25% bracket and pay $17.5k tax. I save $10.8...
by Silk McCue
Fri Jan 12, 2018 8:59 pm
Forum: Personal Finance (Not Investing)
Topic: New Tax Plan - How to make the most of it?
Replies: 43
Views: 4434

Re: New Tax Plan - How to make the most of it?

I know. But I mean, part of the reason I'm max-ing the retirement contributions is to save tax. In 2017, if I don't make any contributions to retirements, I'm in the 28% bracket and pay $28.3k tax. When I max the contributions, I bring myself from 28% to 25% bracket and pay $17.5k tax. I save $10.8...
by Silk McCue
Fri Jan 12, 2018 5:20 pm
Forum: Investing - Theory, News & General
Topic: Chained CPI Impact
Replies: 8
Views: 895

Re: Chained CPI Impact

Chained CPI in the new tax bill is applied to the annual expansion of the tax brackets. It is not a new standard applied globally in place of CPI. I think chained CPI will also be used for determining SS benefit increases. I didn't search the web exhaustively but I find no reference to Chained CPI ...
by Silk McCue
Fri Jan 12, 2018 8:02 am
Forum: Personal Finance (Not Investing)
Topic: Letter from Social Security re Fraudulent Claim
Replies: 43
Views: 3170

Re: Letter from Social Security re Fraudulent Claim

Update: I spoke with the SSA - someone tried to make a claim for 6 months back-benefits using my SS number. They caught it. I have an appointment to go in to sign a document that will be used to create the legal file on this matter. The SSA employee (the person identified in the letter, who was qui...
by Silk McCue
Fri Jan 12, 2018 8:00 am
Forum: Personal Consumer Issues
Topic: Andoird device, Wifi cutting out when sleeping
Replies: 6
Views: 611

Re: Andoird device, Wifi cutting out when sleeping

Thanks everyone for commenting. On my phone: Settings -> WI-FI -> Advanced -> Keep Wi-Fi on during sleep Always (checked) While Charging Never How come you uncheck it while charging? These are the 3 options for this setting. red5 is showing you that their setting is "Keep Wi-Fi on during sleep" to ...
by Silk McCue
Thu Jan 11, 2018 10:42 pm
Forum: Investing - Theory, News & General
Topic: Chained CPI Impact
Replies: 8
Views: 895

Re: Chained CPI Impact

Chained CPI in the new tax bill is applied to the annual expansion of the tax brackets. It is not a new standard applied globally in place of CPI.
by Silk McCue
Thu Jan 11, 2018 6:41 pm
Forum: Personal Finance (Not Investing)
Topic: 2018 Withholding Tables
Replies: 75
Views: 9395

Re: IRS announces new withholding tables for 2018

An option for some to cut through the unknowns is to calculate their tax burden under the new law, set exemptions ridiculously high to make withholding 0 and enter in the additional amount to withhold per pay period on the next line based upon total due / pay periods in the year after accounting for...
by Silk McCue
Thu Jan 11, 2018 9:11 am
Forum: Personal Finance (Not Investing)
Topic: Letter from Social Security re Fraudulent Claim
Replies: 43
Views: 3170

Re: Letter from Social Security re Fraudulent Claim

Oversoul wrote:
Thu Jan 11, 2018 9:02 am
The only sensible contribution thus far.
I suggest you re-read all of the responses. There were other sensible contributions along with some embarrassing hypotheses.
by Silk McCue
Thu Jan 11, 2018 8:01 am
Forum: Personal Consumer Issues
Topic: Andoird device, Wifi cutting out when sleeping
Replies: 6
Views: 611

Re: Andoird device, Wifi cutting out when sleeping

I'm an iPhone user but Googled two phrases and found a number of different options to attempt to solve this. I know that you said that you searched this out but I expect your only success will come from digging into these search results to find the most authoritative answers and trying them out. Goo...
by Silk McCue
Tue Jan 09, 2018 9:12 pm
Forum: Investing - Help with Personal Investments
Topic: How crucial are Admiral shares?
Replies: 6
Views: 1436

Re: How crucial are Admiral shares?

The Investor class shares are still dirt cheap in the scheme of things. For the S&P500 fund the additional cost would be $100 per $100k invested annually. I could live with that in your described circumstances.
by Silk McCue
Tue Jan 09, 2018 6:42 pm
Forum: Personal Finance (Not Investing)
Topic: FIRECALC Question
Replies: 12
Views: 1431

Re: FIRECALC Question

I see that FIRECALC uses 75% stocks/25% bonds. Is there anyway to try FIRECALC with different stock/bond AAs? I am curious if the 75/25 has the highest success rate? I don't plan to be more than 60/40 by retirement. To maximize the benefit from FireCalc you should examine all of the tabs and put th...
by Silk McCue
Tue Jan 09, 2018 5:32 pm
Forum: Investing - Help with Personal Investments
Topic: 401k withdrawl question for a friend...
Replies: 8
Views: 540

Re: 401k withdrawl question for a friend...

Given this: So a friend of mine is not very good with money/budgeting. Undermining their retirement is a horribly bad idea. They will be undercutting their future and need to find another answer to the financing of these repairs. There's no better time now than get to his financial house in order an...
by Silk McCue
Tue Jan 09, 2018 5:17 pm
Forum: Personal Consumer Issues
Topic: Lease a Silverado 4x4 extended cab for $152 month?
Replies: 23
Views: 2387

Re: Lease a Silverado 4x4 extended cab for $152 month?

You've been wanting a truck but your wife is going to drive it??? On that point I would only do that if she was more thrilled with the idea than you. If she does want it why not put $5k down on the purchase of the truck? If she's not thrilled and is just being supportive then don't do it.
by Silk McCue
Tue Jan 09, 2018 12:26 pm
Forum: Personal Finance (Not Investing)
Topic: What is a bold check in banking?
Replies: 4
Views: 1098

Re: What is a bold check in banking?

I am with this bank (5/3) because I am living in the estate home of my mom which is not yet transferred to me. This is just another in quite a list of frustrations with them. I cannot disentangle myself completely from them because of our family business, but they will soon have as little business ...
by Silk McCue
Mon Jan 08, 2018 11:52 am
Forum: Personal Consumer Issues
Topic: Excel question: opening 2 copies of same spreadsheet?
Replies: 4
Views: 539

Re: Excel question: opening 2 copies of same spreadsheet?

Tamales wrote:
Sun Jan 07, 2018 9:22 pm
Thank you Silk, it looks like that worked.
Excellent! You are most welcome.
by Silk McCue
Sun Jan 07, 2018 8:22 pm
Forum: Personal Consumer Issues
Topic: Excel question: opening 2 copies of same spreadsheet?
Replies: 4
Views: 539

Re: Excel question: opening 2 copies of same spreadsheet?

I Googled and found this. If this doesn’t work you may at least be on the right track.

https://support.microsoft.com/en-ph/hel ... -that-cont
by Silk McCue
Sat Jan 06, 2018 9:01 pm
Forum: Investing - Help with Personal Investments
Topic: Anybody recommend a good equity fund?
Replies: 22
Views: 1365

Re: Anybody recommend a good equity fund?

Just keep adding to your target date fund. It’s already 90/10. There is no advantage for you to create little buckets of complexity at this point in your investing life.
by Silk McCue
Sat Jan 06, 2018 8:37 pm
Forum: Personal Finance (Not Investing)
Topic: Quicken's future direction - a cause for concern
Replies: 491
Views: 62968

Re: Quicken's future direction - a cause for concern

I’ve been usIng Quicken for about 20 years and I only upgrade every few years. I upgraded to 2018 from 2015 around ThanksgivIng with a 27 or 28 month deal from Amazon. It has been working very well. I find the value to be very good and don’t have any interest in finding greener pastures. I am highly...
by Silk McCue
Sat Jan 06, 2018 11:24 am
Forum: Investing - Theory, News & General
Topic: IORP question/SS bug?
Replies: 23
Views: 1108

Re: IORP question/SS bug?

smitcat wrote:
Sat Jan 06, 2018 8:53 am
ORP has already fixed this bug - could not ask for a faster response for this ORP tool.
Thanks for finding the bug and getting it fixed!
by Silk McCue
Sat Jan 06, 2018 8:05 am
Forum: Personal Finance (Not Investing)
Topic: Best Tax Estimate Website for 2018?
Replies: 25
Views: 3052

Re: Best Tax Estimate Website for 2018?

I really like this one. A lot of good detailed options and includes the state. Unfortunately no capital gains capability: https://www.taxreformcalculator.com/ I thought this one doesn't take into account the SALT cap of $10k. As i posted earlier in this thread this calculator is WRONG in a big way....
by Silk McCue
Fri Jan 05, 2018 8:48 pm
Forum: Investing - Help with Personal Investments
Topic: Should we keep this variable annuity?
Replies: 65
Views: 2979

Re: Should we keep this variable annuity?

So this annuity review site, annuitygator, that one of you posted in your comments actually directs people to a financial advisor--ie, someone selling annuities, I assume. I found this by Googling: "One such site, annuitygator.com, features an alligator mascot dubbed the “annuity investigator” who ...
by Silk McCue
Fri Jan 05, 2018 3:55 pm
Forum: Personal Finance (Not Investing)
Topic: Best Tax Estimate Website for 2018?
Replies: 25
Views: 3052

Re: Best Tax Estimate Website for 2018?

I really like this one. A lot of good detailed options and includes the state. Unfortunately no capital gains capability: https://www.taxreformcalculator.com/ I thought this one doesn't take into account the SALT cap of $10k. As i posted earlier in this thread this calculator is WRONG in a big way....
by Silk McCue
Fri Jan 05, 2018 12:32 pm
Forum: Personal Finance (Not Investing)
Topic: Best Tax Estimate Website for 2018?
Replies: 25
Views: 3052

Re: Best Tax Estimate Website for 2018?

I really like this one. A lot of good detailed options and includes the state. Unfortunately no capital gains capability: https://www.taxreformcalculator.com/ Big Problem with this calculator. - Do not trust If you select the option "Final" in order to see how the 2018 tax law is applied the result...
by Silk McCue
Fri Jan 05, 2018 11:20 am
Forum: Personal Finance (Not Investing)
Topic: Best Tax Estimate Website for 2018?
Replies: 25
Views: 3052

Re: Best Tax Estimate Website for 2018?

Take a look at this site to see if it meets your needs.

http://taxplancalculator.com/
by Silk McCue
Fri Jan 05, 2018 10:18 am
Forum: Investing - Help with Personal Investments
Topic: Is there such a thing as a survivor-only annuity?
Replies: 7
Views: 892

Re: Is there such a thing as a survivor-only annuity?

I have no expertise but in the absence of a reply I searched the web and could find no specific product that was a survivor only annuity. You could annuitize a life insurance policy payout but you would need to buy said policy for both parties which would certainly have significant expense. An unins...
by Silk McCue
Thu Jan 04, 2018 9:10 pm
Forum: Personal Finance (Not Investing)
Topic: Paying Fed Estimated Tax for 2018 (new rates/brackets)
Replies: 7
Views: 961

Re: Paying Fed Estimated Tax for 2018 (new rates/brackets)

The TurboTax website states that they will be providing an update to TaxCaster to compare next years tax refund with this years. It’s stated on the following page. https://turbotax.intuit.com/tax-reform As you suggested, just paying what you would have paid without the new tax law may be overkill bu...
by Silk McCue
Thu Jan 04, 2018 6:38 pm
Forum: Investing - Help with Personal Investments
Topic: Should we keep this variable annuity?
Replies: 65
Views: 2979

Re: Should we keep this variable annuity?

Also--here is a business I found that purports to provide an objective review of an existing annuity. I wonder if I can trust their objectivity. Cost is $300. http://annuityreview.com/new/annuityreview/ Has anyone heard of them? By the way, they explain why it's hard to find a fee-only financial ad...
by Silk McCue
Thu Jan 04, 2018 5:31 pm
Forum: Investing - Help with Personal Investments
Topic: Asset Allocation
Replies: 4
Views: 352

Re: Asset Allocation

The Bogleheads Wiki suggests the Vanguard Portfolio Watch isn’t quite reliable. See the Cautions section.

https://www.bogleheads.org/wiki/Vanguar ... olio_Watch

What tool did you use when you established your current allocation? I would stick with that.
by Silk McCue
Thu Jan 04, 2018 4:53 pm
Forum: Investing - Theory, News & General
Topic: Boglehead View on Entrepreneurship?
Replies: 14
Views: 1075

Re: Boglehead View on Enterprenureship?

However, it seems a typical response here might be that the above thought would be foolish. McDonalds, Starbucks, Walmart, 7-11, etc have rooms full of very smart people with data and computers who think about this every day of their lives. They would have already built a restaurant or store there ...
by Silk McCue
Thu Jan 04, 2018 1:20 pm
Forum: Investing - Theory, News & General
Topic: IORP question/SS bug?
Replies: 23
Views: 1108

Re: IORP question/SS bug?

Just heard back from the ORP inventor - he sees the bug and says he has his work cut out for him to correct it. He thanks you for your researach in detailing this change. So it was a small bug which will alter some details on some of our runs - thank you Excellent. Thanks for posting about this iss...
by Silk McCue
Thu Jan 04, 2018 12:13 pm
Forum: Investing - Theory, News & General
Topic: IORP question/SS bug?
Replies: 23
Views: 1108

Re: IORP question/SS bug?

Wow - thank you Silk. I looked a bunch on the SS site and could not find a direct reference like this one. You are welcome. It was quite difficult to find and I hit a ton of dead ends. I eventually came across an article that didn't answer the question but mentioned "delayed retirement credits" so ...
by Silk McCue
Thu Jan 04, 2018 12:04 pm
Forum: Investing - Theory, News & General
Topic: Hitting The Sell Button
Replies: 211
Views: 21533

Re: Hitting The Sell Button

I've come to realize the only time people don't have regret over their AA is when the market consolidates. The 60/40's and below are regretful of missing this run up while the 75/25's and above are just saying whew... and vice versa in 2008. No committed boglehead that has chosen 60/40 as their app...
by Silk McCue
Thu Jan 04, 2018 11:46 am
Forum: Investing - Theory, News & General
Topic: IORP question/SS bug?
Replies: 23
Views: 1108

Re: IORP question/SS bug?

I have traded emails with the ORP owner and here is where we are at now: ORP says... "my full SS benefits" means your PIA but not the premium that you earned by delaying benefits until age 70. Anyway that is how ORP is implemented. If this is wrong please document your evidence so that I have a bas...
by Silk McCue
Thu Jan 04, 2018 10:44 am
Forum: Investing - Theory, News & General
Topic: Hitting The Sell Button
Replies: 211
Views: 21533

Re: Hitting The Sell Button

I am 58 and still 90/10 but all in ETFs . I am prepared to jump out at the first signs of a problem. I figure the huge gains will pay for the early days of a slide. Unless we bomb NK then who knows what will happen. This is a time proven failed approach that only works for those that are lucky, not...
by Silk McCue
Thu Jan 04, 2018 10:21 am
Forum: Investing - Help with Personal Investments
Topic: Should we keep this variable annuity?
Replies: 65
Views: 2979

Re: Should we keep this variable annuity?

Annuitygator.com provides analysis on a wide range of annuities. I do not find a review for your specific annuity. However, if you utilize this link which shows all annuities that they have reviewed, with links to the reviews, you can scroll to the bottom and request that they review yours. They sta...
by Silk McCue
Wed Jan 03, 2018 8:47 pm
Forum: Investing - Help with Personal Investments
Topic: Aggressive investing in Roths.
Replies: 12
Views: 1172

Re: Aggressive investing in Roths.

David Jay wrote:
Wed Jan 03, 2018 8:20 pm
Vanguard LifeStrategy Aggressive (80/20)
Make that Vanguard LifeStrategy Growth (80/20) - not Aggressive
by Silk McCue
Wed Jan 03, 2018 1:19 pm
Forum: Personal Finance (Not Investing)
Topic: Roth IRA 5 year rule
Replies: 32
Views: 2065

Re: Roth IRA 5 year rule

Given that, will I be taxed on earnings from post-2013 conversions if I withdraw them in 2018? No. The first question to ask is "Is the withdrawal qualified?" Since you are over 59.5 and your first Roth was opened more than five years ago the answer is yes. Qualified withdrawals are tax and penalty...
by Silk McCue
Wed Jan 03, 2018 12:32 pm
Forum: Personal Consumer Issues
Topic: E-reader for ebooks - Pros and Cons
Replies: 71
Views: 3284

Re: E-reader for ebooks - Pros and Cons

My wife and mother are avid readers and use their iPads and they are very "readable". In addition this device gives you the world in your hands for a tremendous number of apps. Two birds, one stone.
by Silk McCue
Wed Jan 03, 2018 12:20 pm
Forum: Personal Finance (Not Investing)
Topic: Roth IRA 5 year rule
Replies: 32
Views: 2065

Re: Roth IRA 5 year rule

@MarkNYC: Thank you. So my 30December 2013 conversion is indeed counted as 01January 2013? It doesn't have to been made before 15April? Any time in 2013 is good? From the posted article, it sounds like I can only withdraw tax-free from that first conversion. Subsequent conversions each have their o...
by Silk McCue
Wed Jan 03, 2018 9:15 am
Forum: Investing - Help with Personal Investments
Topic: Mortgage Math
Replies: 13
Views: 1482

Re: Mortgage Math

RNJ wrote:
Wed Jan 03, 2018 9:04 am

You're right. I had accidentally logged into an old account (allocator) shared with my wife. I apologize for the confusion.
Thanks. I actually thought that might be the case, but also realized it could be a confused poster.
by Silk McCue
Wed Jan 03, 2018 8:32 am
Forum: Investing - Help with Personal Investments
Topic: Mortgage Math
Replies: 13
Views: 1482

Re: Mortgage Math

Thanks so much for all of your thoughtful replies. Our charitable deductions exceed the standard deduction and we live in a high tax state & municipality. Prepaying in the past (we purchased in 2011) was a no-brainer as our rate was 3.75% on a 30 year note; beyond an emergency fund, there was no wa...
by Silk McCue
Tue Jan 02, 2018 10:26 pm
Forum: Personal Finance (Not Investing)
Topic: How can I move back to NYC with such high taxes? (State/City tax, Unincorporated Business Tax)
Replies: 110
Views: 7884

Re: How can I move back to NYC with such high taxes? (State/City tax, Unincorporated Business Tax)

Any chance you could find a more vibrant place to live in Texas and just visit NY more often. Maybe some extended stays in an AirBnB so that you can enjoy the city from time to time.
by Silk McCue
Tue Jan 02, 2018 10:12 pm
Forum: Investing - Help with Personal Investments
Topic: Please help me reallocate my 401K and Roth IRA
Replies: 4
Views: 275

Re: Please help me reallocate my 401K and Roth IRA

You may very well have the appetite for more risk given how well the market has been performing but do you have stomach for a 30% market correction with an extended malaise of poor returns that could last for quite some time? If your 80/20 allocation isn’t “risky” enough for you choose the 2040 or 2...
by Silk McCue
Tue Jan 02, 2018 9:01 pm
Forum: Personal Finance (Not Investing)
Topic: [How much should I give to charity?]
Replies: 17
Views: 1533

Re: Generosity

Timmy. On my iPad the 2nd colored font is almost unreadable. I would suggest you edit the post and remove all colored fonts as they make reading difficult. A sparing use of bold can be effective if you have a specific need to highlight a section of text. For the past 30 years my wife and I have give...
by Silk McCue
Tue Jan 02, 2018 7:47 pm
Forum: Investing - Help with Personal Investments
Topic: Mortgage Math
Replies: 13
Views: 1482

Re: Mortgage Math

It seems to me that to truly understand the effective mortgage rate, and thus the true benefit of itemizing, you must factor out the first $24k in itemized deductions which you would have received with a standard deduction. Your only real benefit occurs past that point. This may not be important you...
by Silk McCue
Tue Jan 02, 2018 3:27 pm
Forum: Personal Finance (Not Investing)
Topic: Taxes [Do it yourself or use tax software?]
Replies: 39
Views: 2696

Re: Taxes

I certainly don't find any disadvantages in using tax software. It costs a relatively small amount, and by using the interview process to enter data and audit review prior to filing it can point out potential issues. It certainly is beneficial to understand the forms so that you can appreciate how c...
by Silk McCue
Tue Jan 02, 2018 3:15 pm
Forum: Forum Issues and Administration
Topic: Slow loading of pages.
Replies: 22
Views: 2012

Re: Slow loading of pages.

It is most definitely slow today. My first thought was degraded WIFI but Speedtest shows 80mb per sec.
by Silk McCue
Tue Jan 02, 2018 3:10 pm
Forum: Personal Finance (Not Investing)
Topic: Taxes [Do it yourself or use tax software?]
Replies: 39
Views: 2696

Re: Taxes

Welcome to Bogleheads. I see you just recently joined. I use Turbo Tax. The first place to look for this and other questions is to type appropriate keywords into the google search box. A search for "tax software" brings up this recent thread by example. https://www.bogleheads.org/forum/viewtopic.php...
by Silk McCue
Mon Jan 01, 2018 6:43 pm
Forum: Personal Consumer Issues
Topic: Advice needed for paypal transaction
Replies: 14
Views: 933

Re: Advice needed for paypal transaction

This doesn’t sound kosher to me. Randomly choosing $212 as paymemt and saying “you were asking $200 right” when it is clearly listed for $195. I personally wouldn’t sell to this flaky buyer. I think you will regret it.
by Silk McCue
Sun Dec 31, 2017 4:58 pm
Forum: Personal Finance (Not Investing)
Topic: Retirees: No earned income, how do you pay tax for pensions, SS and RMDs
Replies: 43
Views: 3576

Re: Retirees: No earned income, how do you pay tax for pensions, SS and RMDs

If your annual income is predictable I would have all the taxes withheld from Social Security. Having it occur without your intervention and from a single source will simplify your management of this as the years roll on. You have better things to think about and enjoy doing.