Search found 179 matches

by Mlm
Mon Feb 19, 2018 2:35 pm
Forum: Personal Finance (Not Investing)
Topic: Keeping state tax refund off of ACA MAGI
Replies: 7
Views: 443

Re: Keeping state tax refund off of ACA MAGI

You will still get a 1099G from the state no matter how the refund was received. Cash or applying it to the following year makes no difference.
by Mlm
Sun Feb 18, 2018 10:13 pm
Forum: Personal Finance (Not Investing)
Topic: Looking for some help and fast (buying vs renting, net worth)
Replies: 48
Views: 2680

Re: Looking for some help and fast (buying vs renting, net worth)

I really don't think one more year will make any meaningful difference long term. The stock market or the housing market could go up or it could go down in one year. If you can afford the payments and you have a plan to be prepared for the future you should be good to go.
by Mlm
Mon Feb 05, 2018 12:46 pm
Forum: Personal Finance (Not Investing)
Topic: Ally Bank 12 month CD now 2.00%
Replies: 64
Views: 12819

Re: Ally Bank 12 month CD now 2.00%

Watts wrote:
Mon Feb 05, 2018 12:32 pm
Looks like the Ally 12-month CD is back at 2.0% rate with $20K minimum deposit.

https://www.ally.com/bank/high-yield-cd/
I opened a 12 month CD on 1/24 @1.85%. I just checked it and they show 2%. Thanks Ally, nice.
by Mlm
Sun Feb 04, 2018 11:15 pm
Forum: Personal Finance (Not Investing)
Topic: Best rule of thumb for determining home affordability?
Replies: 54
Views: 2364

Re: Best rule of thumb for determining home affordability?

I would never base my home or rent affordability based on a simple rule of thumb. What has served me very well is zero based budgeting because everyone’s personal situation is different. There are just so many things that can affect your personal affordability and your ability to live within your me...
by Mlm
Mon Jan 29, 2018 2:42 pm
Forum: Personal Finance (Not Investing)
Topic: Data on average non-retirement savings
Replies: 5
Views: 776

Re: Data on average non-retirement savings

My non-retirement savings is larger my retirement accounts. The reason is that I was a late starter in the savings arena and had to make up for lost time. For a large portion of my career I didn't have access to a 401K and had to save on my own. When I did have a 401K I invested the tax savings and ...
by Mlm
Thu Jan 25, 2018 8:20 pm
Forum: Personal Finance (Not Investing)
Topic: In August, insurance company paperwork stated we owed 0 for large medical claim , now reprocessing, recourse? Help!
Replies: 13
Views: 1170

Re: In August, insurance company paperwork stated we owed 0 for large medical claim , now reprocessing, recourse? Help!

Don't sweat it. Providers billing software transmit duplicate claims all the time. Just wait for the insurance company to deny it as a duplicate.
by Mlm
Fri Jan 19, 2018 10:04 pm
Forum: Personal Finance (Not Investing)
Topic: Mother In Law's new boyfriend...
Replies: 28
Views: 3450

Re: Mother In Law's new boyfriend...

If you’re not concerned about an inheritance then a prenup should not be a concern of yours. I would caution her however to not co-mingle accounts or debts.
by Mlm
Fri Jan 19, 2018 8:30 pm
Forum: Personal Finance (Not Investing)
Topic: How to Minimize Your Emergency Care Expenses
Replies: 162
Views: 17851

Re: How to Minimize Your Emergency Care Expenses

Great information. Thank you for taking the time to post this.
by Mlm
Wed Jan 17, 2018 7:59 pm
Forum: Local Chapters and Bogleheads Community
Topic: Post your Financial Milestone Announcements Here
Replies: 182
Views: 12819

Re: Post your Financial Milestone Announcements Here

Congratulations to everyone :sharebeer I first posted here a year and a half ago and was so worried at that time due to an unexpected job loss. https://www.bogleheads.org/forum/viewtopic.php?f=1&t=192652 I decided to retire at that time and continue to be frugal. I paid off my car loan and have been...
by Mlm
Wed Jan 17, 2018 8:06 am
Forum: Personal Finance (Not Investing)
Topic: [How to reserve funds for final expenses]
Replies: 10
Views: 566

Re: [How to reserve funds for final expenses]

You could ask him to set up a prepaid burial account to cover his final expenses. If he is not agreeable to that you could exercise your spousal right of election for his estate.

https://legal-dictionary.thefreediction ... f+Election
by Mlm
Tue Jan 16, 2018 9:57 am
Forum: Personal Finance (Not Investing)
Topic: Stats on When People Take Social Security
Replies: 197
Views: 14357

Re: Stats on When People Take Social Security

I'm a retired single female,61. I am holding off taking SS until 65 or maybe FRA 66.2 It's not because I am female and might live longer It' not because I am in great health It's not because there is family longevity The reason I am waiting is becausee of health insurance. With such a low income I c...
by Mlm
Thu Jan 04, 2018 9:23 pm
Forum: Personal Finance (Not Investing)
Topic: Seeking Advice To $$ Mess
Replies: 23
Views: 2480

Re: Seeking Advice To $$ Mess

They can't afford to buy. They should be looking at low income subsidized senior apartments. Often they will only charge 1/3 of monthly income but there can be waiting lists.
by Mlm
Sun Dec 31, 2017 10:38 pm
Forum: Personal Finance (Not Investing)
Topic: So, how was the year ? Gains made and Lessons learnt ?
Replies: 76
Views: 7182

Re: So, how was the year ? Gains made and Lessons learnt ?

It’s been a very good year with 15.8 percent returns. I ratcheted down my asset allocation from 90/10 to 65/35 due to an unexpected early retirement I now feel much more comfortable waiting until full retirement age for my social security and small pensions kick in Early next year I will concentrate...
by Mlm
Sun Dec 24, 2017 2:20 pm
Forum: Personal Finance (Not Investing)
Topic: Confusion about prepaying property taxes
Replies: 124
Views: 12695

Re: Confusion about prepaying property taxes

For the New Yorkers Announcement from : https://www.tax.ny.gov Governor Andrew M. Cuomo has signed an emergency Executive Order that will allow New Yorkers to prepay next year’s property taxes this year, before the new tax law takes effect. Payments must be postmarked on or before December 31, 2017....
by Mlm
Fri Dec 22, 2017 8:08 pm
Forum: Personal Finance (Not Investing)
Topic: Has anyone here purchased a home for cash (no mortgages)?
Replies: 39
Views: 3941

Re: Has anyone here purchased a home for cash (no mortgages)?

I purchased my home with cash 20 years ago and used 50% of my assets at the time. It wasn't a decision based on expected returns. I just wanted the security of knowing that no matter what happened I would have a roof over my head. I also saved a little on the purchase price and had fewer closing cos...
by Mlm
Wed Dec 20, 2017 2:21 pm
Forum: Personal Finance (Not Investing)
Topic: Please Post Tax Bill Questions Here [was Tax Bill Omnibus Thread]
Replies: 886
Views: 51066

Re: Tax Bill Omnibus Thread

Folks, If the personal exemption is suspended, what is the tax benefit of claiming my children as the dependent? Please enlightened me. KlangFool [/quot " Child Tax Credit are dramatically increased, from the current thresholds of $75,000 for individuals and $110,000 for married couples, up to $200...
by Mlm
Mon Dec 18, 2017 5:59 pm
Forum: Personal Finance (Not Investing)
Topic: Can I afford it: Dodge Challenger
Replies: 122
Views: 6687

Re: Can I afford it: Dodge Challenger

How do you plan on paying for it? What are the insurance costs?
by Mlm
Thu Dec 14, 2017 10:53 pm
Forum: Personal Finance (Not Investing)
Topic: Wow. Just Wow.
Replies: 29
Views: 5032

Re: Wow. Just Wow.

I live in a small city. Today I visited my local Dollar Tree store in a strip mall. I noticed that EJ just opened a new store next to the dollar tree. I left thinking oh that’s where they get their clients from. Not the dollar tree is bad I actually love them
by Mlm
Thu Dec 14, 2017 6:04 pm
Forum: Personal Finance (Not Investing)
Topic: [UPDATED 1/26/2018 ] 55+ Early retirement offer.
Replies: 90
Views: 12857

Re: 55+ Early retirement offer.

That's one heck of an offer ! Congratulations
If your retirement budgets allows this to work I would sign up without hesitation.
by Mlm
Wed Dec 13, 2017 9:23 pm
Forum: Personal Finance (Not Investing)
Topic: TaxAct and alternatives
Replies: 109
Views: 8998

Re: TaxAct and alternatives

I haven't received a single communication from TaxAct since I filed my return last January. No offers, no solicitations, nothing. This, after being a loyal (desktop and online) customer for a dozen or so years. I didn't notice any mention on this site of any cyber Monday deals so I intend to provid...
by Mlm
Sat Dec 09, 2017 1:48 pm
Forum: Personal Finance (Not Investing)
Topic: H&R Block 2017 Tax Software $9.95 , State $14.95
Replies: 55
Views: 8712

Re: H&R Block 2017 Tax Software $9.95 , State $14.95

tibbitts wrote:
Sat Dec 09, 2017 1:33 pm
Is there a separate e-file fee for federal or state?
It looks like the State program is free but the State E-File is an additional $19.95
by Mlm
Thu Dec 07, 2017 10:52 pm
Forum: Personal Finance (Not Investing)
Topic: Should I file taxes w/o her?
Replies: 54
Views: 3972

Re: Should I file taxes w/o her?

If your taxes are causing a hardship you might want to look at cutting expenses. There are numerous threads about how to do this. You could start by looking at your cell phone bills or Netflix expenses. Aldi and Costco can save you a lot on your food bills. If you live in a HCOL I have heard that re...
by Mlm
Thu Dec 07, 2017 10:22 pm
Forum: Personal Finance (Not Investing)
Topic: Should I file taxes w/o her?
Replies: 54
Views: 3972

Re: Should I file taxes w/o her?

I the 31% tax rate a combined marital rate? What was her rate previously? Compare taxes before you were married vs married and you may not be paying all that much more.
by Mlm
Sat Dec 02, 2017 11:09 pm
Forum: Personal Finance (Not Investing)
Topic: Mutual Funds or alternates that don't force income
Replies: 10
Views: 1207

Re: Mutual Funds or alternates that don't force income

I have used iBonds for this purpose to a small extent in taxable accounts
Earnings are not taxed until you withdraw
by Mlm
Wed Nov 29, 2017 12:39 pm
Forum: Personal Finance (Not Investing)
Topic: When to tell the SO about my financial situation?
Replies: 109
Views: 6036

Re: When to tell the SO about my financial situation?

Sounds like pretty normal behavior on her part to me. You are living together yet you are keeping part of your life a secret. You should have a sense by now if she is a gold digger. Does she work? Does she expect expensive gifts? Has she asked you for any loans? Has she asked you if you have a trust...
by Mlm
Sun Nov 26, 2017 2:43 pm
Forum: Personal Finance (Not Investing)
Topic: Let Go by MegaCorp - Lots of options
Replies: 40
Views: 3684

Re: Let Go by MegaCorp - Lots of options

I like option #2 which gives you a great severance, unemployment and allows you to keep your options open in the future. Less stress now and more family time. Your savings are great but who knows what the market holds in the future. You can work part time and if you don't like it make another change.
by Mlm
Sat Nov 25, 2017 3:49 pm
Forum: Personal Finance (Not Investing)
Topic: Regrets for taking SS at 62 or waiting?
Replies: 100
Views: 9856

Re: Regrets for taking SS at 62 or waiting?

I just checked my SS benefit and here are the numbers: At full retirement age (67): $2,681 a month At age 70: $3,482 a month At early retirement age (62): $1,739 a month 1739/2681=64.86%. Why I have 35% reduction at age 62, instead of 30% reduction. Eric According to SS it should be 30% https://www...
by Mlm
Sat Nov 25, 2017 11:24 am
Forum: Personal Finance (Not Investing)
Topic: the psychology of a taxable account
Replies: 29
Views: 3185

Re: the psychology of a taxable account

I started saving late so 50% of my retirement savings is in a taxable account. I had no debt. I labeled it as a retirement account in my Quicken software so that it's purpose was obvious. I had a separate savings account for the fun stuff. If I didn't have that investment I would not have been able ...
by Mlm
Fri Nov 24, 2017 1:43 pm
Forum: Personal Finance (Not Investing)
Topic: Regrets for taking SS at 62 or waiting?
Replies: 100
Views: 9856

Re: Regrets for taking SS at 62 or waiting?

Age = almost 63. I've decided to hold off until at least 65 when Medicare kicks in. I can live off of my taxable dividends and cash until FRA and well beyond. By managing income I have been able to receive free health insurance and other nontaxable benefits while watching my SS and investments grow ...
by Mlm
Tue Nov 21, 2017 10:52 pm
Forum: Personal Finance (Not Investing)
Topic: Help DW gets fired, but then next day her boss offers her job back
Replies: 156
Views: 13012

Re: Help DW gets fired, but then next day her boss offers her job back

It almost sounds like the replacement she was training quit rather than was fired. Who evaluates someone’s performance in one day. What is the replacement in internal person?
by Mlm
Tue Nov 21, 2017 9:48 pm
Forum: Personal Finance (Not Investing)
Topic: Help DW gets fired, but then next day her boss offers her job back
Replies: 156
Views: 13012

Re: Help DW gets fired, but then next day her boss offers her job back

I would offer to stay on at the same pay first and negotiate from there. If she was not fired for cause she should be able to collect unemployment. Either way she needs to look for a new job.
by Mlm
Tue Nov 21, 2017 9:04 am
Forum: Personal Finance (Not Investing)
Topic: Why not take Social Security at 62
Replies: 334
Views: 27955

Re: Why not take Social Security at 62

I'm almost 63 but I plan to wait until at least 65 or 66 (FRA) to collect. One reason is the health care subsidies I am able to receive by managing my income. That's bout $7K in nontaxable benefits. At FRA my SS and a few small pensions will cover my daily needs and that's a very comforting feeling....
by Mlm
Mon Nov 20, 2017 2:33 pm
Forum: Personal Finance (Not Investing)
Topic: Year end windfall and job loss
Replies: 16
Views: 2568

Re: Year end windfall and job loss

KlangFool wrote:
Mon Nov 20, 2017 2:24 pm
FraggleRock wrote:
Mon Nov 20, 2017 12:29 pm
Ron Scott wrote:
Mon Nov 20, 2017 12:07 pm
Flexibility and safety-first in times of change and stress. Option 2.
+1
+1.

KlangFool
+

+1
In uncertain times cash is king
by Mlm
Sun Nov 19, 2017 7:39 pm
Forum: Personal Finance (Not Investing)
Topic: ACA premiums and impact to SS timing
Replies: 5
Views: 602

Re: ACA premiums and impact to SS timing

If she used $2,219 per month from her investments instead, how much would she sacrifice in earnings over her lifetime?
by Mlm
Sat Nov 18, 2017 3:08 pm
Forum: Personal Consumer Issues
Topic: Car shopping tomorrow
Replies: 61
Views: 5714

Re: Car shopping tomorrow

If that is a 2017 LX Hatchback, that amount sounds high. Looking these up in my area, I see Honda offering $189.00 per month for 36 months. $2,299.00 total due at signing on that particular model and trim. Google 2017 Honda Civic Lease Deals and see what shows up in your area for comparison purpose...
by Mlm
Fri Nov 17, 2017 10:37 pm
Forum: Personal Finance (Not Investing)
Topic: Paid off my house. Now how to handle insurance and tax payments?
Replies: 21
Views: 2265

Re: Paid off my house. Now how to handle insurance and tax payments?

I do exactly what you are proposing. Every month I transfer one 12th of my tax and insurance bills to a separate escrow account. When the bills are due I pay them by credit card if I can transfer the appropriate amount due back to my checking account to pay the bills I like the easy monthly cash flo...
by Mlm
Wed Nov 15, 2017 2:13 pm
Forum: Personal Finance (Not Investing)
Topic: Info on NY State's Essential health care plan?
Replies: 10
Views: 964

Re: Info on NY State's Essential health care plan?

Welcome to the board. In 2017 I dropped my COBRA and went with the NYS Essential Plan. I am also able to keep my MAGI within the income limits and plan to for 2018 also. I'm not in NYC but I had a choice of three insurance companies that offered the Essential Plan in my area. I checked with my Docto...
by Mlm
Mon Nov 13, 2017 8:59 pm
Forum: Personal Finance (Not Investing)
Topic: Joint Account Question
Replies: 4
Views: 618

Re: Joint Account Question

I was a joint account holder on my mothers checking account for several years. She wanted to add me in case any expenses needed to be paid in case she was unable. She gave me a blank check to hold on to so that I knew the account name and number. When she passed I was grateful to have access to pay ...
by Mlm
Mon Nov 13, 2017 8:44 pm
Forum: Personal Finance (Not Investing)
Topic: What do I need to know about my mom's finances?
Replies: 17
Views: 1501

Re: What do I need to know about my mom's finances?

If you have been named as her Executor I imagine she would have told you that. If you are the Executor of her will I think it is reasonable to ask where you can find necessary documents. If you have not been named I think that any questions are intrusive.
by Mlm
Thu Nov 09, 2017 6:31 pm
Forum: Personal Finance (Not Investing)
Topic: Transitioning from ACA to medicare
Replies: 25
Views: 1279

Re: Transitioning from ACA to medicare

ACA subsidy is based on your annual income when you file your taxes, even if you only received it four months. So you'll need "to continue being careful" for the entire year. Stated differently, if your 2018 income goes up from your application guesstimates, you may have to repay some or all of you...
by Mlm
Wed Nov 08, 2017 3:41 pm
Forum: Personal Finance (Not Investing)
Topic: Did you tell anyone you paid off your mortgage?
Replies: 338
Views: 39208

Re: Did you tell anyone you paid off your mortgage?

No need to tell anyone. I paid cash :happy
by Mlm
Wed Nov 08, 2017 12:06 pm
Forum: Personal Finance (Not Investing)
Topic: Okay to paint exterior brick?
Replies: 34
Views: 2086

Re: Okay to paint exterior brick?

How about covering it with cedar siding. I like the look. Examples here:

https://www.pinterest.com/pin/462463455465805856/
by Mlm
Tue Nov 07, 2017 9:01 pm
Forum: Personal Finance (Not Investing)
Topic: Okay to paint exterior brick?
Replies: 34
Views: 2086

Re: Okay to paint exterior brick?

TheTimeLord wrote:
Tue Nov 07, 2017 7:54 pm
Also look at the possibility of doing a German Smear
I like this look. Black would be dreadful
by Mlm
Tue Nov 07, 2017 8:11 pm
Forum: Personal Finance (Not Investing)
Topic: Annuity Alternative
Replies: 54
Views: 2746

Re: Annuity Alternative

Would this be a loan to the relative or a loan to his business? Where would you stand in line in case of a bankruptcy?
by Mlm
Tue Nov 07, 2017 7:02 pm
Forum: Personal Finance (Not Investing)
Topic: Eye Doctor $30 to get your Rx? Is this normal?
Replies: 78
Views: 5996

Re: Eye Doctor $30 to get your Rx? Is this normal?

My Ophthalmologists web site clearly states that he charges $30 for refractions and that the fee is not covered by insurance. I have never had them try to charge me for a written Rx. to take elsewhere.
by Mlm
Thu Nov 02, 2017 5:52 pm
Forum: Personal Finance (Not Investing)
Topic: Does Retirement Make You Lazier?
Replies: 87
Views: 8270

Re: Does Retirement Make You Lazier?

I was going to answer your question but I decided that it can wait until tomorrow.
by Mlm
Wed Nov 01, 2017 7:48 pm
Forum: Personal Finance (Not Investing)
Topic: Help, RMD's, I am completely confused
Replies: 6
Views: 903

Re: Help, RMD's, I am completely confused

My interpretation is since she will turn 70½ in 2018 she is not required to take a distribution in 2017. See IRS Publication below: Date that you turn 70½ You reach age 70½ on the date that is 6 calendar months after your 70th birthday. Example: You are retired and your 70th birthday was June 30, 20...
by Mlm
Wed Nov 01, 2017 9:06 am
Forum: Personal Finance (Not Investing)
Topic: Projecting Tax Liability - Assistance Required
Replies: 30
Views: 1933

Re: Projecting Tax Liability - Assistance Required

Could I get some clarification on some of these taxes. When I reviewed my 10/30 paycheck, in comparison to my 10/15, I noticed that taxes paid decreased and/or didn't pull any and thus, my paycheck has increased a few hundred dollars. I want to make sure I clearly understand why so I can properly p...
by Mlm
Tue Oct 31, 2017 8:54 pm
Forum: Personal Finance (Not Investing)
Topic: Have mother-in-law pay for mortgage?
Replies: 32
Views: 2836

Re: Have mother-in-law pay for mortgage?

This is a bad idea all around. Mixing money and family will most likely bite you in the end.