Search found 202 matches

by SuzBanyan
Thu Jan 17, 2019 7:30 pm
Forum: Investing - Help with Personal Investments
Topic: Retire in 2 years. Advice for plan for withdrawals, Roth conversions & SS
Replies: 15
Views: 1170

Re: Retire in 2 years. Advice for plan for withdrawals, Roth conversions & SS

So thanks for the suggestion on getting the Roths started. Now I just need to make sure we are eligible and could use help on how to do it from you or anyone who wants to chime in. We exceed the Roth IRA income limits. And I need to clarify the funds we have because I was too vague in my first post...
by SuzBanyan
Thu Jan 17, 2019 6:46 pm
Forum: Investing - Help with Personal Investments
Topic: Retire in 2 years. Advice for plan for withdrawals, Roth conversions & SS
Replies: 15
Views: 1170

Re: Retire in 2 years. Advice for plan for withdrawals, Roth conversions & SS

Ther are 2 different 5 year clocks. Now that you are over the age of 59 1/2, you only have to worry about the 5 year clock for your first Roth account. For a Roth funded by a conversion, it starts on Jan 1 of the year of the conversion. I believe it ends on 12/31 of the 5th tax year thereafter, so f...
by SuzBanyan
Thu Jan 17, 2019 6:15 pm
Forum: Investing - Help with Personal Investments
Topic: Retire in 2 years. Advice for plan for withdrawals, Roth conversions & SS
Replies: 15
Views: 1170

Re: Retire in 2 years. Advice for plan for withdrawals, Roth conversions & SS

mhalley - Thank you for the links. I hadn't seen the Kitces article before and it is helpful. I don't know what my problem is but I've tried to use the I-orp calculator several times before unsuccessfully. I'm not sure how I would input data that would help me find optimal Roth conversions, especia...
by SuzBanyan
Thu Jan 17, 2019 5:10 pm
Forum: Investing - Help with Personal Investments
Topic: Retire in 2 years. Advice for plan for withdrawals, Roth conversions & SS
Replies: 15
Views: 1170

Re: Retire in 2 years. Advice for plan for withdrawals, Roth conversions & SS

Whatever else you do, you should each set up a Roth soon to start the running of your initial 5 year ownership period. It looks like you wife could make a non-deductible contribution to a traditional IRA, then convert it to a Roth via the Backdoor. With your existing tIRA, your conversion will be or...
by SuzBanyan
Thu Jan 17, 2019 1:59 pm
Forum: Personal Consumer Issues
Topic: Audio book options
Replies: 26
Views: 774

Re: Audio book options

+1 for Audible. It's relatively inexpensive ($15-$23/mo) which includes 1 or 2 books/mo, respectively. The convenience of it is high and all the productions I've listened to have been excellent. They also offer a few free books monthly you can listen to. The library is an interesting option but I f...
by SuzBanyan
Thu Jan 17, 2019 11:59 am
Forum: Investing - Theory, News & General
Topic: John Bogle has died at age 89
Replies: 803
Views: 38362

Re: John Bogle has died at age 89

My condolences to his family and to all his friends, including many of you on this board.

For me, he will live on due to the place of honor his books hold on my shelf. Thank you Jack and Rest In Peace.
by SuzBanyan
Mon Jan 14, 2019 9:14 pm
Forum: Personal Finance (Not Investing)
Topic: Best way to help my wife buy a new car (gift tax implications?)
Replies: 15
Views: 1930

Re: Best way to help my wife buy a new car (gift tax implications?)

Gifts to your spouse are not taxable. So ther should not be any tax implications, of your transfer of funds to her or hers back to you.
by SuzBanyan
Thu Jan 10, 2019 11:59 am
Forum: Investing - Help with Personal Investments
Topic: Retired Mother, High Withdrawal Rate, Small Portfolio
Replies: 11
Views: 1665

Re: Retired Mother, High Withdrawal Rate, Small Portfolio

The fee to the retirement community will also go up by 3% per year and I'm not really confident in how to calculate what that will do to her needed withdrawal rate. The starting number is about $2880/month It's $2880/month. After accounting for everything that is included (property taxes, waste rem...
by SuzBanyan
Wed Jan 09, 2019 6:40 pm
Forum: Personal Consumer Issues
Topic: Travel Companies Similar to "Road Scholar"?
Replies: 21
Views: 1505

Re: Travel Companies Similar to "Road Scholar"?

I know you mentioned that your spouse wanted both “organized” and “educational”, but you can achieve the 2nd part on your own by booking small group tours through Context travel. They do half day and day tours in major cities with local guides. We really enjoyed the half day archeological tour of Lo...
by SuzBanyan
Sun Jan 06, 2019 10:10 am
Forum: Personal Consumer Issues
Topic: Phone concierge service for seniors?
Replies: 17
Views: 1592

Re: Phone concierge service for seniors?

My Dad was scammed by a call with caller ID: “AppleCare.” While AppleCare May never actually call you, other companies, including banks, sometimes do. Any suggestion for handling these calls?
by SuzBanyan
Sat Jan 05, 2019 2:32 pm
Forum: Personal Consumer Issues
Topic: Paying (paper) cash for daily transactions
Replies: 83
Views: 3755

Re: Paying (paper) cash for daily transactions

I remember the good old days when you could get the best of both worlds: use a rewards earning credit card to buy dollar coins, then use those coins to make purchases or pay bills. My bank was shocked when I paid my mortgage with dollar coins.
by SuzBanyan
Fri Jan 04, 2019 3:58 pm
Forum: Personal Finance (Not Investing)
Topic: Should I modify or stop my Disability Insurance?
Replies: 14
Views: 894

Re: Should I modify or stop my Disability Insurance?

You should double check the cost and benefits under your employer provider policy. It is my understanding that if the employer pays for the Disability Insurance, then any benefits are taxable to you. OTOH, if you pay (usually as a deduction on your pay stub), then benefits to you are tax free. Also,...
by SuzBanyan
Sat Dec 29, 2018 9:04 pm
Forum: Investing - Help with Personal Investments
Topic: SPIA for 85 year old
Replies: 18
Views: 1506

Re: SPIA for 85 year old

Since the OP said her Mom is using her SS, interest and RMDs for current living expenses, the net increase in annual spending by purchasing a SPIA would be $18K minus the interest she has been earning on $115k, which could be more than $2k. The SPIA still probably makes sense, but double check that ...
by SuzBanyan
Sat Dec 29, 2018 1:52 pm
Forum: Personal Finance (Not Investing)
Topic: Last Minute Inherited IRA RMD
Replies: 24
Views: 1559

Re: Last Minute Inherited IRA RMD

Sorry for your loss.

There is some good information for you in the following thread: viewtopic.php?t=231686

I have no personal experience, but I understand if the RMD is not taken as required, a waiver of the penalty can be requested.
by SuzBanyan
Fri Dec 28, 2018 1:56 pm
Forum: Personal Finance (Not Investing)
Topic: Maxing out my 199A Deduction
Replies: 6
Views: 478

Re: Maxing out my 199A Deduction

I think there are some issues with your math. The W-2 income paid to the business owner should be subtracted from net profits to calculate QBI, so 428k minus 143.5K would equal 284.5K. To calculate max salary, you want to multiply you net business income before salary by 2/7. The tax spreadsheet in ...
by SuzBanyan
Sat Dec 22, 2018 1:46 pm
Forum: Personal Finance (Not Investing)
Topic: Inherited ira help
Replies: 28
Views: 1739

Re: Inherited ira help

So if the beneficiary was empty or listed as the Estate the link provided seems to indicate that I can take my grandfather's life expectancy. Is that what is agreed? From the IRS info already linked by Vineviz and Appendix B to Pub 590-B, you use the original owner’s age at year of death to determi...
by SuzBanyan
Sat Dec 22, 2018 10:02 am
Forum: Investing - Theory, News & General
Topic: Rumor mill - Fidelity starting individual HSA's Nov. 15th
Replies: 860
Views: 65008

Re: Rumor mill - Fidelity starting individual HSA's Nov. 15th

As a CA resident, I have just moved the “cash” in my Fidelity HSA from the FDIC insured “core option” to Treasury MM (FDLXX). When I look at the “cash available to trade” it includes all funds in th MM. From this, I assume — but have not tested — that I won’t have to transfer back to the FDIC accoun...
by SuzBanyan
Sat Dec 22, 2018 9:57 am
Forum: Investing - Help with Personal Investments
Topic: Roth conversion, which fund?
Replies: 3
Views: 375

Re: Roth conversion, which fund?

We are doing a Roth conversion but it will not change our overall AA across all accounts. As a result, whatever we sell in our tIRA will be purchased in the Roth. So the “what to sell in tIRA” decision is based entirely on those assets which we want to place in the Roth.
by SuzBanyan
Thu Dec 13, 2018 12:14 pm
Forum: Personal Finance (Not Investing)
Topic: Fidelity HSA - Account Closed (Risk Department)
Replies: 20
Views: 2945

Re: Fidelity HSA - Account Closed (Risk Department)

So are you saying the only existing Fido accounts you already had are 1. Fido Credit Card 2. Fido Cash Management to deposit CC cash back If so, do you regularly empty the Fido Cash Management account? I'm wondering if this has something to do with the value of your assets at Fido & the cost to Fid...
by SuzBanyan
Wed Dec 12, 2018 11:58 am
Forum: Investing - Theory, News & General
Topic: reasons to avoid indirect HSA rollover?
Replies: 20
Views: 1410

Re: reasons to avoid indirect HSA rollover?

This would be my course of action. It seems pretty easily defensible if anyone ever asked. As an aside, that $2500 distribution limit seems super shady in this context. They charge a fee for direct transfers, and then put limits in place that have the effect of preventing most indirect rollovers, t...
by SuzBanyan
Tue Dec 11, 2018 10:55 am
Forum: Personal Finance (Not Investing)
Topic: The new 1040 is certainly different
Replies: 10
Views: 2230

Re: The new 1040 is certainly different

Spirit Rider wrote:
Mon Dec 10, 2018 11:32 pm
The line numbers are not really obsolete, they have carried over to the new schedules. So once you know the Schedule, the line numbers are the same as the previous 1040s.
Well, AGI has moved from line 37 to line 7 on the 2018 1040, so that is a bit of a change.
by SuzBanyan
Tue Dec 11, 2018 10:27 am
Forum: Personal Finance (Not Investing)
Topic: Contingent Durable Power of Attorney
Replies: 14
Views: 832

Re: Contingent Durable Power of Attorney

My co-worker in CA uses a licensed professional fiduciary as her attorney in fact under her POA. The attorney in fact is not contingent because my co-worker’s husband has Alzheimer’s and my co-worker needed someone to handle his financial affairs if my co-worker predeceased him. The licensed profess...
by SuzBanyan
Fri Dec 07, 2018 11:18 am
Forum: Investing - Help with Personal Investments
Topic: Helping my mom (60yr) - looking for stability
Replies: 13
Views: 1195

Re: Helping my mom (60yr) - looking for stability

Hello all, -snip - She has a rental unit and will be drawing on Social Security shortly, this should cover her main day-to-day expenses. -snip- Thank you in advance!! How is your Mom’s health and expected longevity? Can she expect any other social security benefits based on someone else’s record be...
by SuzBanyan
Wed Dec 05, 2018 6:16 pm
Forum: Personal Consumer Issues
Topic: Regarding iPhone. Is there an app for day vs night?
Replies: 13
Views: 1332

Re: Regarding iPhone. Is there an app for day vs night?

OP: You should definitely bring this need up to Apple. This is the kind of “accessibility” feature that is likely to be of interest to them. And very easy to add.

Also, if your Mom asks Siri the time while holding the phone — “ Hey Siri, what time is it?” — the answer will include AM or PM.
by SuzBanyan
Wed Dec 05, 2018 5:51 pm
Forum: Personal Consumer Issues
Topic: Regarding iPhone. Is there an app for day vs night?
Replies: 13
Views: 1332

Re: Regarding iPhone. Is there an app for day vs night?

You can change the color tones for a set period of time every day using “Night Shift” under the Settings> Display and Brightness. Designed to make “the colors of your display” shift “ to the warmer end of the color spectrum after dark” to “help you get a better night’s sleep.” You can set it to any ...
by SuzBanyan
Fri Nov 30, 2018 4:28 pm
Forum: Personal Finance (Not Investing)
Topic: H&R Block 2018 Qualified Business Income Deduction
Replies: 3
Views: 345

Re: H&R Block 2018 Qualified Business Income Deduction

On the version downloaded last week, it’s just not there yet.

The excel spreadsheet draft 1040 linked in the Personal Finance Toolbox seems to work just fine. https://sites.google.com/site/excel1040/home
by SuzBanyan
Fri Nov 30, 2018 11:32 am
Forum: Investing - Help with Personal Investments
Topic: Lost in Trees on Roth conversion and IRMMA
Replies: 16
Views: 1393

Re: Lost in Trees on Roth conversion and IRMMA

As you noted, there are many factors to be considered and the decision can be extremely complicated. At its essence, when converting tIRA to Roth, you are paying taxes today to save taxes in the future. In your case, you will also be saving IRMAA costs in the future as well. Ultimately, there will n...
by SuzBanyan
Thu Nov 29, 2018 10:41 pm
Forum: Personal Finance (Not Investing)
Topic: HSA Help/Tax Expert Needed
Replies: 60
Views: 1859

Re: HSA Help/Tax Expert Needed

The issue is the FSA. “A health FSA that reimburses all qualified § 213(d) medical expenses without other restrictions is a health plan that constitutes other coverage.” https://www.irs.gov/irb/2005-49_IRB#d0e1151 You cannot contribute to an HSA even if you have a HDHP if you have “other coverage.” ...
by SuzBanyan
Tue Nov 27, 2018 2:16 pm
Forum: Investing - Theory, News & General
Topic: Californians with Fidelity HSA, what fund are you using?
Replies: 17
Views: 1532

Re: Californians with Fidelity HSA, what fund are you using?

CA treats the HSA income as if it came from a taxable account. Usually it is not hard to calculate; remembering is often the hard part. Financial institutions will not send 1099s for the account to remind you.
by SuzBanyan
Tue Nov 27, 2018 2:13 pm
Forum: Personal Finance (Not Investing)
Topic: social security SSA44
Replies: 6
Views: 856

Re: social security SSA44

I retired Sep 2017 started Medicare Nov 2017. For Medicare fees SS looks at the last 2 years of your IRS taxes and base Medicare fees on that income. I filled out SSA 44 life changing event to show that my 2018 income will be less than $85,000 due to retirement. Now for 2019 they are looking at my ...
by SuzBanyan
Tue Nov 27, 2018 2:04 pm
Forum: Personal Consumer Issues
Topic: 2018 Taxes: Dinkytown vs. Download Software
Replies: 3
Views: 427

Re: 2018 Taxes: Dinkytown vs. Download Software

vtMaps wrote:
Tue Nov 27, 2018 1:41 pm
I don't think Dinkytown does the 20% pass through deduction.
--vtMaps
At this point in time, neither does the software downloaded from H&R Block. The excel spreadsheet tax return in the personal finance toolbox does this calculation: https://www.bogleheads.org/wiki/Tools_and_calculators
by SuzBanyan
Sun Nov 25, 2018 12:44 pm
Forum: Investing - Help with Personal Investments
Topic: Roth Conversion for Spousal IRA
Replies: 12
Views: 722

Re: Roth Conversion for Spousal IRA

As a follow-up to the OP [and others], if neither tIRA has any basis, why prefer converting funds from one over the other? I assume the OP is married filing jointly. Was relative age a factor? Was the lowest balance chosen to allow the conversion to make the biggest dent? I’m interested in the OPs ...
by SuzBanyan
Sun Nov 25, 2018 10:06 am
Forum: Investing - Help with Personal Investments
Topic: Roth Conversion for Spousal IRA
Replies: 12
Views: 722

Re: Roth Conversion for Spousal IRA

As a follow-up to the OP [and others], if neither tIRA has any basis, why prefer converting funds from one over the other? I assume the OP is married filing jointly. Was relative age a factor? Was the lowest balance chosen to allow the conversion to make the biggest dent? I’m interested in the OPs t...
by SuzBanyan
Tue Nov 20, 2018 11:07 am
Forum: Investing - Theory, News & General
Topic: Rumor mill - Fidelity starting individual HSA's Nov. 15th
Replies: 860
Views: 65008

Re: Rumor mill - Fidelity starting individual HSA's Nov. 15th

I opened an HSA with Fidelity on 11/15 and mailed a check for my current year “catch-up” contribution. I used the online .pdf form for depositing a check and checked the box for “current year contribution for ... HSA”. There is also an option to check a box for “60 day rollover” I will use in the fu...
by SuzBanyan
Thu Oct 04, 2018 5:02 pm
Forum: Personal Finance (Not Investing)
Topic: Need Health Insurance (Non-ACA Options)
Replies: 80
Views: 5677

Re: Need Health Insurance (Non-ACA Options)

I was estimating the cost and deductible, but I am in York county. I don't think the 2019 plans are out yet for PA. Unfortunately, rating area 7 (Adams, York, Lancaster, Berks) costs much more than rating area 8. The 2019 rates have already been filed, but they have not yet been approved: https://w...
by SuzBanyan
Sun Sep 30, 2018 11:00 am
Forum: Personal Consumer Issues
Topic: What Book Are You Currently Reading? Part VI
Replies: 3521
Views: 1033676

Re: What Book Are You Currently Reading? Part VI

Creative Selection: Inside Apple’s Design Process During the Golden Age of Steve Jobs by Ken Kocienda. Just finished this enjoyable book from the software developer responsible, among other projects while at Apple, for the touchscreen keyboard on the first iPhone.
by SuzBanyan
Tue Sep 18, 2018 9:18 am
Forum: Investing - Help with Personal Investments
Topic: Thinking of Retiring at 52, Please Critique Plan
Replies: 61
Views: 9625

Re: Thinking of Retiring at 52, Please Critique Plan

OP: so sorry to hear about your husband’s diagnosis. I have a co-worker going through similar issues, although her husband is 20+ years older than yours, so this was not an early onset case. She really feels the lack of having a partner in this journey. In addition to dealing the the financial and l...
by SuzBanyan
Wed Aug 29, 2018 10:09 am
Forum: Personal Consumer Issues
Topic: Ladies: bra shopping question
Replies: 63
Views: 8904

Re: Ladies: bra shopping question

What strikes me - mouses specifically posted she was not interested in underwire styles. So, the thread gets deluged with posts recommending brands known for focusing primarily on underwires :? :? I think all of the brands discussed offer some wireless styles, so I’m not sure I understand your poin...
by SuzBanyan
Tue Aug 28, 2018 9:33 pm
Forum: Investing - Theory, News & General
Topic: Most commonly misused/misunderstood investing terms and concepts (on BH forum)
Replies: 220
Views: 11912

Re: Most commonly misused/misunderstood investing terms and concepts (on BH forum)

The difference between a tax return and a tax refund. You want to file the former and deposit the latter.
by SuzBanyan
Mon Aug 27, 2018 4:39 pm
Forum: Personal Consumer Issues
Topic: Ladies: bra shopping question
Replies: 63
Views: 8904

Re: Ladies: bra shopping question

+1 on a good fitting at Nordstrom - they are the best. *Find the bra you like via Nordstrom and your size and stock up. *I have also had good results restocking from eBay; found my style and size, and can just search for the style # now. Still a little pricey, but the style I like never goes on sal...
by SuzBanyan
Mon Aug 27, 2018 9:19 am
Forum: Personal Finance (Not Investing)
Topic: SALT: IRS issues proposed regs for State Tax Credit for Donation
Replies: 62
Views: 6224

Re: SALT: IRS issues proposed regs for State Tax Credit for Donation

This is an interesting thread. Alabama has had a program in place for about 5 years, with a 100% state tax credit for up to one-half of state income taxes for charitable contributions to a "scholarship granting organization (SGO)". There are several SGOs set up in Alabama which provide scholarships...
by SuzBanyan
Sat Aug 25, 2018 6:45 pm
Forum: Personal Consumer Issues
Topic: Ladies: bra shopping question
Replies: 63
Views: 8904

Re: Ladies: bra shopping question

There is an amazing forum at reddit called A Bra That Fits that changed my bra buying habits forever. The beginner’s guide can be found here: https://www.reddit.com/r/ABraThatFits/wiki/beginners_guide. Not surprisingly, the beginners guide suggest starting with finding your actual size, which may ha...
by SuzBanyan
Sat Aug 25, 2018 1:41 pm
Forum: Personal Consumer Issues
Topic: Short Term Health Insurance regulation changes - good for age 62 retirement?
Replies: 82
Views: 4666

Re: Short Term Health Insurance regulation changes - good for age 62 retirement?

and if you are buying an out-of-state policy, then I think you get to dispute any problems in the insurer's state's insurance and legal system. Struggling with payment/reimbursement problems is bad enough, but doing it when you are ill is terrible. Can you even buy an out-of-State policy? According...
by SuzBanyan
Sat Aug 25, 2018 9:22 am
Forum: Personal Finance (Not Investing)
Topic: SALT: IRS issues proposed regs for State Tax Credit for Donation
Replies: 62
Views: 6224

Re: SALT: IRS issues proposed regs for State Tax Credit for Donation

Please remember that this is a proposal, not a final regulation. The underlying issues are political and there may well be legal challenges to whatever final regulation is issued. We are a long way from resolution. There is plenty of time this year to let the dust settle. Even if your state finds a...
by SuzBanyan
Fri Aug 24, 2018 8:49 pm
Forum: Personal Finance (Not Investing)
Topic: SALT: IRS issues proposed regs for State Tax Credit for Donation
Replies: 62
Views: 6224

Re: SALT: IRS issues proposed regs for State Tax Credit for Donation

In the explanation accompanying the proposed regulation, the issue of existing state tax credit programs for educational scholarship was directly addressed and additional guidance requested as part of the public comments. However, in general, there did not appear to be a high level of concern as the...
by SuzBanyan
Thu Aug 23, 2018 5:22 pm
Forum: Personal Finance (Not Investing)
Topic: SALT: IRS issues proposed regs for State Tax Credit for Donation
Replies: 62
Views: 6224

SALT: IRS issues proposed regs for State Tax Credit for Donation

Treasury issued proposed regulations today that provide that the federal deduction for a charitable contribution must be reduced by the amount of any state/ local tax credit receieved for such contribution, but need not be reduced by the amount of any state/local tax deduction received for such cont...
by SuzBanyan
Sat Aug 18, 2018 6:42 pm
Forum: Personal Finance (Not Investing)
Topic: Teachers Who Have Net Worth of $1 million +
Replies: 137
Views: 18768

Re: Teachers Who Have Net Worth of $1 million +

My parents have a net-worth in excess of $1M. My Dad taught high school, then became a district wide administrator. My Mom taught — at various times - kindergarten, Head Start pre-school, adult school (parent participation pre-school) and junior college. My Dad also worked a second job for 20 years ...
by SuzBanyan
Thu Aug 02, 2018 9:32 am
Forum: Investing - Help with Personal Investments
Topic: Social Security + term life
Replies: 41
Views: 2159

Re: Social Security + term life

I don’t see the value of life insurance for this couple. The cost — $4300 for 20 years — is almost 10% of the $45k they plan to spend each year. They would be better off not spending that amount and allowing their nest egg to grow. Here’s one suggestion: K takes SS at 62= $11k J takes SS at 70= $37K...
by SuzBanyan
Sun Jul 22, 2018 7:56 pm
Forum: Personal Finance (Not Investing)
Topic: Property tax + deductions
Replies: 25
Views: 3314

Re: Property tax + deductions

Politics and personal incentives aside, this is an easy question and should be a 9-0 decision if it actually gets to SCOTUS. States do not get to decide what is deductible under federal income taxes. To my knowledge, the only lawsuit filed to date challenges the constitutionality of any limitation ...
by SuzBanyan
Wed Jul 18, 2018 4:09 pm
Forum: Personal Finance (Not Investing)
Topic: How Unclaimed Property Laws Can Affect Retirees
Replies: 36
Views: 3500

Re: How Unclaimed Property Laws Can Affect Retirees

If they are IRA's with zero activity, what about the taxes? Do they just withhold (at max tax rate?) and send the rest to the state ? And what about penalties for those "underage"? And what about money in 403b/etc., plans - money that cannot be removed per rules? RM This was stated in the article W...