Search found 882 matches

by spammagnet
Fri Jun 22, 2018 11:22 am
Forum: Personal Finance (Not Investing)
Topic: LTCi option - whole life w/ Continuation of benefits rider
Replies: 19
Views: 1385

Re: LTCi option - whole life w/ Continuation of benefits rider

I'm no expert on LTCI, but this sounds similar to a "hybrid" LTCI policy. Michael Kitces had an interesting post that points out how the benefit of the guaranteed premium on a hybrid policy can be offset by a below-market rate of return on the cash value: https://www.kitces.com/blog/is-the-ltc-cost...
by spammagnet
Tue Jun 19, 2018 8:44 pm
Forum: Personal Finance (Not Investing)
Topic: LTCi option - whole life w/ Continuation of benefits rider
Replies: 19
Views: 1385

Re: LTCi option - whole life w/ Continuation of benefits rider

At a minimum I would recommend 3% inflation. In addition, the first two years of claims the benefit is the original benefit not with any inflation. That could be a substantial outlay. Initially when I reviewed these products this disadvantage was never explained. When I brought it up to company rep...
by spammagnet
Tue Jun 19, 2018 4:59 pm
Forum: Personal Finance (Not Investing)
Topic: LTCi option - whole life w/ Continuation of benefits rider
Replies: 19
Views: 1385

Re: LTCi option - whole life w/ Continuation of benefits rider

Going to be in for a big surprise when you or spouse goes on claim in 20 or 25 years with these policies. Make sure you understand. I appreciate the warning. That's why I'm researching. If it has a 2% inflation rider and medical care inflation is 4.5%, that's 2.5% compounded over 20 years as a shor...
by spammagnet
Tue Jun 19, 2018 12:51 pm
Forum: Personal Finance (Not Investing)
Topic: LTCi option - whole life w/ Continuation of benefits rider
Replies: 19
Views: 1385

Re: LTCi option - whole life w/ Continuation of benefits rider

One-America Asset Care Producer Guide That is the underwriter and product I was referred to but I did not have that brochure or details. The fact that it's labeled for producers makes me think I'd never see it from the salesperson I'm corresponding with. No mention was made of funding source. The p...
by spammagnet
Sun Jun 17, 2018 11:56 am
Forum: Personal Finance (Not Investing)
Topic: What's Your Credit Card Rewards Strategy?
Replies: 2705
Views: 529549

Re: What's Your Credit Card Rewards Strategy?

SlowMovingInvestor wrote:
Sun Jun 17, 2018 11:22 am
So -- is there any advantage to a Citi Sears Mastercard if one hardly ever shops at Sears/K-Mart ?
If you buy clothes from Lands' End, you can use your points there.
by spammagnet
Sat Jun 16, 2018 9:16 pm
Forum: Personal Finance (Not Investing)
Topic: LTCi option - whole life w/ Continuation of benefits rider
Replies: 19
Views: 1385

Re: LTCi option - whole life w/ Continuation of benefits rider

Is the annual adjustment the inflation rider? I'm unclear on what you're asking, so it's good that you're asking. Can you elaborate on the question? How old are you and your spouse? 58 and 62, in good health. You need to compare with a traditional policy that offers lifetime benefits, only one is a...
by spammagnet
Sat Jun 16, 2018 2:35 pm
Forum: Personal Finance (Not Investing)
Topic: can we afford to spend $20K on travel annually
Replies: 89
Views: 6940

Re: can we afford to spend $20K on travel annually

Exafchick wrote:
Fri Jun 15, 2018 10:09 am
Anyone else think 39 is a bit young to be considered middle aged?!
If you think of middle-aged as being at the middle of your life expectancy, it's a little on the young side but past early adulthood, for sure. In terms of career and family stages, they seem to be squarely in middle age.
by spammagnet
Sat Jun 16, 2018 12:40 pm
Forum: Personal Finance (Not Investing)
Topic: LTCi option - whole life w/ Continuation of benefits rider
Replies: 19
Views: 1385

LTCi option - whole life w/ Continuation of benefits rider

As are others, we're evaluating LTC insurance and finding the standard options wanting. You're basically buying a pool of money and the cost is pretty much the same as the benefit. In speaking to an insurance agent we discussed our ability to pay for a few years out of pocket, but want to insure our...
by spammagnet
Sat Jun 16, 2018 10:06 am
Forum: Personal Finance (Not Investing)
Topic: add to DW 401k while withdrawing from (self) 403b?
Replies: 19
Views: 890

Re: add to DW 401k while withdrawing from (self) 403b?

gneeby wrote:
Sat Jun 16, 2018 9:40 am
For a married couple filing a joint return it doesn't matter which account, retiree or spouse, is converted, from ORP's modeling perspective. The decision will be based on other, non-model factors.
Thanks
by spammagnet
Fri Jun 15, 2018 5:39 pm
Forum: Personal Finance (Not Investing)
Topic: add to DW 401k while withdrawing from (self) 403b?
Replies: 19
Views: 890

Re: add to DW 401k while withdrawing from (self) 403b?

One additional factor I can think of is assessing the quality/cost of your funds in your vs her 403b/401k. If you have high expense only options you don't like in yours, and hers is full of great low cost index funds, then you could take this opportunity to "move" the money. We have good choices in...
by spammagnet
Fri Jun 15, 2018 11:28 am
Forum: Personal Finance (Not Investing)
Topic: add to DW 401k while withdrawing from (self) 403b?
Replies: 19
Views: 890

Re: add to DW 401k while withdrawing from (self) 403b?

Regardless of when the match is paid out (and I agree the change is slimy), there is no good reason to pass up 8%. Although I couldn’t tell from your post if your wife is required to contribute 8% (or some other figure) to get the 8% match. She is required to contribute to get the match. We'll put ...
by spammagnet
Fri Jun 15, 2018 2:07 am
Forum: Investing - Help with Personal Investments
Topic: 35 and Need Help With Building Wealth
Replies: 55
Views: 6782

Re: 35 and Need Help With Building Wealth

... I like movies, tv, etc. I've considered cutting some of those expenses, but I've come to terms with certain luxuries I'm probably not going to cut. My daughter loves Netflix, I buy enough stuff on Amazon that the monthly expense pays for itself in shipping costs. When we scaled back on cable we...
by spammagnet
Thu Jun 14, 2018 11:39 pm
Forum: Personal Finance (Not Investing)
Topic: add to DW 401k while withdrawing from (self) 403b?
Replies: 19
Views: 890

Re: add to DW 401k while withdrawing from (self) 403b?

YIkes! What a steaming crock of *beep*. That's Megacorp for ya!! Not only take away some benefit, but insult their intelligence at the same time. Considering other ways they demonstrate their avarice, it doesn't surprise me. They haven't given raises for years. Instead, they give an annual bonus, t...
by spammagnet
Thu Jun 14, 2018 10:17 pm
Forum: Personal Finance (Not Investing)
Topic: add to DW 401k while withdrawing from (self) 403b?
Replies: 19
Views: 890

Re: add to DW 401k while withdrawing from (self) 403b?

DW is contributing the max 24.5K/yr. Her megacorp employer matches 8% of salary (she's a long-term employee) but this year started deferring until the first quarter of next year, at which point you get a lump sum. You have to be employed on 12/31 to get anything. (Their PR spin is amusing - employee...
by spammagnet
Thu Jun 14, 2018 10:50 am
Forum: Personal Finance (Not Investing)
Topic: add to DW 401k while withdrawing from (self) 403b?
Replies: 19
Views: 890

add to DW 401k while withdrawing from (self) 403b?

All, I'll be retiring in a few months. DW will continue to work and has a good 401k plan. I'm eligible for SS benefits but am not at FRA and will defer benefits until 70, anyway. I don't have any pensions to speak of. ($3K/year starting in a couple years.) We'll need to supplement her income with wi...
by spammagnet
Mon Jun 11, 2018 12:24 am
Forum: Personal Finance (Not Investing)
Topic: ACA subsidies and single LLC
Replies: 14
Views: 1292

Re: ACA subsidies and single LLC

Spirit Rider wrote:
Fri Jun 08, 2018 8:13 am
... My main point was that an LLC didn't really gain you anything. You can deduct the same exact business expenses as an LLC and as a sole proprietor (you file the exact same tax return). ...
Electing to file as an S-Corp provides additional tax advantages.
by spammagnet
Sun Jun 10, 2018 10:00 pm
Forum: Personal Finance (Not Investing)
Topic: Are you including SS in your planning model? Are the benefits really that high?
Replies: 148
Views: 11653

Re: Are you including SS in your planning model? Are the benefits really that high?

It was supposed to run out by 2003. Then it was supposed to run out in 2015. The latest I heard is that it was going to run out in 2025. So this is great news if we now know it is going to run out in 2034. ... ... I only bring this up because your post indirectly implied that the situation might pa...
by spammagnet
Sun Jun 10, 2018 12:50 am
Forum: Personal Finance (Not Investing)
Topic: ignorant question about fixed rate home equity loans
Replies: 18
Views: 1262

Re: ignorant question about fixed rate home equity loans

cherijoh wrote:
Sat Jun 09, 2018 10:07 am
Are you qualified to join this other CU?
Not the OP but credit unions in my area require only that you have a pulse and $5.
by spammagnet
Sat Jun 09, 2018 1:48 pm
Forum: Personal Finance (Not Investing)
Topic: Are you including SS in your planning model? Are the benefits really that high?
Replies: 148
Views: 11653

Re: Are you including SS in your planning model? Are the benefits really that high?

It was supposed to run out by 2003. Then it was supposed to run out in 2015. The latest I heard is that it was going to run out in 2025. So this is great news if we now know it is going to run out in 2034. To the point of the OP, I'm including SS in my model with the expectation that the trust fund...
by spammagnet
Sat Jun 09, 2018 12:10 am
Forum: Personal Finance (Not Investing)
Topic: Term Life Insurance for Young Couple
Replies: 28
Views: 2248

Re: Term Life Insurance for Young Couple

My wife and I had approximately equal income when we bought term life 20 years ago. Our prospects were for our income to rise faster than inflation but we aren't/weren't very high income. Our kids were still in preschool. We didn't do any fancy need calculations. Instead, we just figured out what it...
by spammagnet
Sun Jun 03, 2018 11:15 pm
Forum: Personal Finance (Not Investing)
Topic: Ty Bernicke's Reality Retirement spending model not found?
Replies: 3
Views: 488

Re: Ty Bernicke's Reality Retirement spending model not found?

This link is from the I-ORP (Optimal Retirement Planner) Extended ORP help page: https://i-orp.com/TermAndC/help/RealityRetirementPlanning.pdf ... Thanks. It was my interest in ORP that directed me to that article. The link I tried was from the Bogleheads wiki list of retirement planners. A note on...
by spammagnet
Sun Jun 03, 2018 4:24 pm
Forum: Personal Finance (Not Investing)
Topic: Ty Bernicke's Reality Retirement spending model not found?
Replies: 3
Views: 488

Ty Bernicke's Reality Retirement spending model not found?

Does anyone know of the whereabouts of the article published by Ty Bernicke regarding variable rates of spending in retirement? References in multiple locations (Boglehead's wiki, Michael Kitces, etc.) all lead to dead pages.
by spammagnet
Tue May 29, 2018 11:34 pm
Forum: Personal Finance (Not Investing)
Topic: Variable Percentage Withdrawal (VPW-adv) for Advanced Users
Replies: 16
Views: 1776

Re: Variable Percentage Withdrawal (VPW-adv) for Advanced Users

longinvest wrote:
Tue May 29, 2018 10:12 pm
That's annoying.

I guess I'll have to do as I did with my other spreadsheets: develop the master copy with LibreOffice Calc and then export it to Google Sheets and Microsoft Excel. I'll try to do that next weekend.
Thanks. I appreciate your investment in time on behalf of strangers.
by spammagnet
Tue May 29, 2018 10:09 pm
Forum: Personal Finance (Not Investing)
Topic: Variable Percentage Withdrawal (VPW-adv) for Advanced Users
Replies: 16
Views: 1776

Re: Variable Percentage Withdrawal (VPW-adv) for Advanced Users

I have developed a spreadsheet for advanced users of the variable-percentage withdrawal (VPW) method. ... The spreadsheet is open and free. You can modify it and adapt it to your own preferences and needs. Attempts to download as Excel consistently results in errors when opening the downloaded file...
by spammagnet
Sat May 19, 2018 10:51 pm
Forum: Personal Finance (Not Investing)
Topic: What's Your Credit Card Rewards Strategy?
Replies: 2705
Views: 529549

Re: What's Your Credit Card Rewards Strategy?

... Our credit card strategy is to have a single CC account at Capital One with two credit cards with different CC numbers. Consider opening another account at a different bank. If you do get hacked you won't have access to a credit card until the delivery a new one. With a card at a different bank...
by spammagnet
Fri May 04, 2018 5:16 pm
Forum: Personal Finance (Not Investing)
Topic: Sad because I did not know what I was doing with inheritance
Replies: 34
Views: 7343

Re: Sad because I did not know what I was doing with inheritance

Well you can be comforted with a few things: 1) It was only 55k. You can make that back in a relatively short amount of time. For younger members and those with lower incomes, 55K is a lot. It might take them longer than you think. Hopefully it doesn't happen later in life. That doesn't change the ...
by spammagnet
Fri May 04, 2018 4:51 pm
Forum: Personal Finance (Not Investing)
Topic: Tips on Car mileage deduction
Replies: 14
Views: 1192

Re: Tips on Car mileage deduction

On a related note, I have an LLC taxed as an S-Corp. I use my personal vehicle occasionally for around-town business trips (attorney, accountant, bank). Can I, as employee, be reimbursed for business mileage by the LLC, and the LLC take the reimbursement as an expense?
by spammagnet
Mon Apr 30, 2018 10:22 pm
Forum: Personal Finance (Not Investing)
Topic: How to price condo for private sale?
Replies: 14
Views: 1044

Re: How to price condo for private sale?

I did check Zillow which is where I saw the discrepancies I mentioned. I’m reluctant to ask a realtor since I’m going to use a realtor for the sale. If you're bringing the buyer and are establishing the value independently, why involve a realtor? Explore the cost of having an attorney handle it. Yo...
by spammagnet
Mon Apr 23, 2018 7:58 am
Forum: Personal Finance (Not Investing)
Topic: What online bank do you use?
Replies: 99
Views: 14541

Re: What online bank do you use?

Do you have to know the secret handshake? The highest rate I see is 2.35%. Should be right there on the site? Not sure how you keep missing it, not hard to find. few hoops depending on which tier. https://www.myconsumers.org/personal/checking Until the link to checking accounts was posted, I assume...
by spammagnet
Fri Apr 20, 2018 11:34 am
Forum: Personal Finance (Not Investing)
Topic: What online bank do you use?
Replies: 99
Views: 14541

Re: What online bank do you use?

Do you have to know the secret handshake? The highest rate I see is 2.35%.
by spammagnet
Fri Apr 20, 2018 7:08 am
Forum: Personal Finance (Not Investing)
Topic: What online bank do you use?
Replies: 99
Views: 14541

Re: What online bank do you use?

dustinst22 wrote:
Wed Apr 18, 2018 5:05 pm
Consumers CU is awesome. I've been using their 4.6% on 20 K balance for some time now.
Link? I can't find anything near that on the web site I found. (Google search lead me to www.consumerscu.org, aka Michigan Credit Union.)
by spammagnet
Fri Apr 20, 2018 6:52 am
Forum: Personal Finance (Not Investing)
Topic: Paying Wife in S-corp 401k max without Take-home
Replies: 15
Views: 1574

Re: Paying Wife in S-corp 401k max without Take-home

These are good questions, and hard to answer. My CPA didn't have a clear answer on which is best. I think there are too many factors (how long would the profit sharing grow before withdrawals, future marginal tax rates, etc.). To me, I have plenty in taxable accounts and little need for more income...
by spammagnet
Tue Apr 17, 2018 11:18 pm
Forum: Personal Finance (Not Investing)
Topic: Overall Help w/ Budget
Replies: 15
Views: 1592

Re: Overall Help w/ Budget

You spend ~$5,700/month and you have $1,000 in reserve? That wouldn't last a week if you lost your income, and income losses often are associated with higher expenses such as major illness. And, considering that child care expenses will triple at the end of the year (congratulations?) you need to di...
by spammagnet
Tue Apr 17, 2018 10:50 pm
Forum: Personal Finance (Not Investing)
Topic: Wanting to leave Fidelity
Replies: 97
Views: 10986

Re: Wanting to leave Fidelity

For the last 8+ years I've had my checking, roth and 401k (solo) with Fidelity. I am really no longer happy with their service. The support is horrible. You cannot instantly link accounts, etc. The only think good is the Visa card. If I transfer my retirement accounts to Vanguard, they will require...
by spammagnet
Tue Apr 17, 2018 11:31 am
Forum: Personal Finance (Not Investing)
Topic: Paying Wife in S-corp 401k max without Take-home
Replies: 15
Views: 1574

Re: Paying Wife in S-corp 401k max without Take-home

I'm a new LLC and am exploring different options for tax avoidance. My marginal rates won't be anywhere near yours but the idea of a salary bonus with the benefit of increasing profit-sharing is worth evaluation.

I'll run it through a spreadsheet to see what happens.

Thanks
by spammagnet
Tue Apr 17, 2018 10:40 am
Forum: Personal Finance (Not Investing)
Topic: Paying Wife in S-corp 401k max without Take-home
Replies: 15
Views: 1574

Re: Paying Wife in S-corp 401k max without Take-home

Yes, profit sharing is a completely separate matter. What I do for profit sharing is calculate a year end bonus that increases total salary for the year to maximize the 25% allowable profit sharing and reduce company profit to zero. Ignoring the 20% deduction on pass-through, does the bonus not inc...
by spammagnet
Tue Apr 17, 2018 12:14 am
Forum: Personal Finance (Not Investing)
Topic: Paying Wife in S-corp 401k max without Take-home
Replies: 15
Views: 1574

Re: Paying Wife in S-corp 401k max without Take-home

Assuming you also want to do the 25% profit share contribution, the ideal number is $24,667, but you will pay a bit more in FICA. This amount also has to be reasonable in relation to the work performed by her. How does profit-sharing affect the answer? Is it not non-taxable in all respects, until w...
by spammagnet
Mon Apr 09, 2018 7:28 am
Forum: Personal Finance (Not Investing)
Topic: What's Your Credit Card Rewards Strategy?
Replies: 2705
Views: 529549

Re: What's Your Credit Card Rewards Strategy?

madbrain wrote:
Wed Apr 04, 2018 2:02 pm
... As far as your answer, I used to have a flat Fidelity Amex 2% card and 1.5% Fidelity 1.5% VISA card . ...
You should be able to get that 1.5% Visa card converted to a 2% Visa card with a phone call to Fidelity.
by spammagnet
Sun Apr 01, 2018 11:30 am
Forum: Investing - Help with Personal Investments
Topic: Warning: Max out 401k early - lose some of the match
Replies: 46
Views: 5518

Re: Warning: Max out 401k early - lose some of the match

I need to figure this out for my new job. How hard was it to get HR to confirm you could do this? Is there a way to figure it out yourself? Send an email to your benefits coordinator? That's how I confirmed my organization does not allow post-tax contributions in excess of the individual annual lim...
by spammagnet
Sun Mar 25, 2018 11:00 pm
Forum: Personal Finance (Not Investing)
Topic: Trust income distributions to save tax
Replies: 14
Views: 1136

Re: Trust income distributions to save tax

How can they prevent you from taking money out of the joint account? What do you mean that you "borrowed" $7K -- from where? They told me they made a joint account to more easily transfer funds for when I have to ask them for money for emergencies. They transferred the 7k so I could purchase a used...
by spammagnet
Sat Mar 24, 2018 9:04 pm
Forum: Personal Finance (Not Investing)
Topic: state tax liability - s corp vs sole proprietor
Replies: 7
Views: 678

Re: state tax liability - s corp vs sole proprietor

... An online forum is not going to help you. With this fact pattern you are going to have extremely complex state tax returns. I can give you my opinion that I think an S-Corp will make this more complex. What I think you really need is a tax professional specifically experienced in multiple state...
by spammagnet
Sat Mar 24, 2018 6:34 pm
Forum: Personal Finance (Not Investing)
Topic: changing my signature when signing checks and credit card receipts
Replies: 47
Views: 3511

Re: changing my signature when signing checks and credit card receipts

jeffyscott wrote:
Sat Mar 24, 2018 5:29 pm
It seems problematic to me to empower a poll judge to deny a ballot because they don't like the look of your signature.
My identity was questioned for that very reason, despite my having other picture IDs.
by spammagnet
Sat Mar 24, 2018 5:07 pm
Forum: Personal Finance (Not Investing)
Topic: state tax liability - s corp vs sole proprietor
Replies: 7
Views: 678

Re: state tax liability - s corp vs sole proprietor

On a related note, is revenue from work performed remotely in my home state considered earned in my state, or in the state of the client? (Each state decides?) This is different that your first sentence from your OP. "I will be changing my career from a W2 job to a traveling contractor ." Which is ...
by spammagnet
Sat Mar 24, 2018 3:13 pm
Forum: Personal Finance (Not Investing)
Topic: state tax liability - s corp vs sole proprietor
Replies: 7
Views: 678

Re: state tax liability - s corp vs sole proprietor

... Also, make sure you fully consider the implications of the new 199A 20% deduction on Qualified Business Income (QBI). It is not all sorted out at this point, but it would appear that an S-Corp's QBI will be substantially lower than self-employment. Maybe you are not qualified at all, but it sho...
by spammagnet
Sat Mar 24, 2018 8:54 am
Forum: Personal Finance (Not Investing)
Topic: changing my signature when signing checks and credit card receipts
Replies: 47
Views: 3511

Re: changing my signature when signing checks and credit card receipts

My previous career required a LOT of hand-written documentation, with legible signature. With lots of practice it was fairly consistently. My signature has degraded over the years as keyboard use became common and checks became rare. For unrelated reasons I have recently made a conscious effort to p...
by spammagnet
Fri Mar 23, 2018 10:04 pm
Forum: Personal Finance (Not Investing)
Topic: state tax liability - s corp vs sole proprietor
Replies: 7
Views: 678

state tax liability - s corp vs sole proprietor

I will be changing my career from a W2 job to a traveling contractor. I formed an LLC but have not yet determined whether I should be taxed as an S corp. I'm trying to determine whether the added value justifies the complexity. By my calculations (not yet vetted by an accountant) I save only a coupl...
by spammagnet
Tue Mar 20, 2018 12:20 am
Forum: Personal Finance (Not Investing)
Topic: Ever received a legitimate unsolicited call from the I.R.S.?
Replies: 24
Views: 2329

Re: Ever received a legitimate unsolicited call from the I.R.S.?

Boglegrappler wrote:
Mon Mar 19, 2018 1:59 pm
... On the occasions where they have a question or disagree with my filed return, they simply redo the return in the way that is most beneficial to them, ...
My experience is that they redid the return in the way that was most beneficial to me, and sent me a check.
by spammagnet
Wed Mar 14, 2018 7:44 pm
Forum: Personal Finance (Not Investing)
Topic: Missing my Microsoft Money - any equivalents?
Replies: 51
Views: 10384

Re: Missing my Microsoft Money - any equivalents?

BigJohn, it has been nearly a year since you posted, but I do hope that you will receive/see my post. You indicated you successfully loaded Sunset and your MM files onto your new computer. My question is: do you have Windows 10 on your new computer? I had successfully loaded MM onto a new computer ...
by spammagnet
Thu Mar 08, 2018 6:57 pm
Forum: Investing - Help with Personal Investments
Topic: Ok fellow bogleheads, was the correction scary or nothing?
Replies: 147
Views: 11185

Re: Ok fellow bogleheads, was the correction scary or nothing?

CnC wrote:
Wed Mar 07, 2018 2:53 pm
I just an interested in how the market correction felt to fellow boggelheads here.
What correction?