Search found 283 matches

by GuyInFL
Mon May 25, 2020 12:11 am
Forum: Investing - Theory, News & General
Topic: any easy way to adjust cost basis in eTrade?
Replies: 4
Views: 362

Re: any easy way to adjust cost basis in eTrade?

Interesting... thanks for the update.
by GuyInFL
Thu May 07, 2020 7:27 am
Forum: Personal Finance (Not Investing)
Topic: Understanding Adjusted Gross Income
Replies: 24
Views: 1926

Re: Understanding Adjusted Gross Income

This excel spreadsheet is helpful for these what-Ifs

https://sites.google.com/site/excel1040/
by GuyInFL
Tue May 05, 2020 6:54 am
Forum: Personal Investments
Topic: Death Benefit -Annuity Inheritance
Replies: 38
Views: 2005

Re: Annuity Inheritance

bg5 wrote:
Mon May 04, 2020 6:43 pm
can just put it into a 403B, 457B or Roth IRA without paying taxes.
Are you currently maxing these? If not you could max them with your salary and use the payments to offset the additional contributions.
by GuyInFL
Mon May 04, 2020 6:18 am
Forum: Personal Consumer Issues
Topic: Do Cell Phone Boosters Work?
Replies: 24
Views: 1453

Re: Do Cell Phone Boosters Work?

We installed SureCall Fusion4Home and it worked well. It uses a directional antenna and amplified the signal.
by GuyInFL
Sat Apr 25, 2020 8:57 am
Forum: Personal Finance (Not Investing)
Topic: Mobile Deposits/ATM
Replies: 42
Views: 1610

Re: Mobile Deposits/ATM

After you deposit it, don’t write void on it. Normally the process works great but occasionally the app will glitch and you don’t want to then have a voided check. Once the deposit is accepted, they say to hold the check for a couple of weeks. Once initially accepted, Ive never had a problem.
by GuyInFL
Sun Apr 12, 2020 11:27 am
Forum: Personal Consumer Issues
Topic: GoFundMe ... tipping!?
Replies: 33
Views: 3415

Re: GoFundMe ... tipping!?

Normchad wrote:
Sat Apr 11, 2020 9:15 pm
What I really want in life though is an anonymous way to give to charity. I am loathe to give them checks, because I just end up on a bunch of new feel bad mailing lists.
Donor Advised Funds are great for this.
Schwab and Fidelity have these as well as Vanguard.
by GuyInFL
Sat Apr 11, 2020 9:02 am
Forum: Investing - Theory, News & General
Topic: New "Money In Excel"
Replies: 22
Views: 3436

Re: New "Money In Excel"

Downloads from all the major brokerages
Vanguard
Fidelity
Schwab
ETrade
by GuyInFL
Sat Apr 04, 2020 5:20 pm
Forum: Personal Finance (Not Investing)
Topic: IRS 2020 W4 withholding: new calculation method, new form
Replies: 82
Views: 6729

Re: IRS 2020 W4 withholding: new calculation method, new form

I found this excel file from IRS especially helpful... https://www.irs.gov/businesses/small-businesses-self-employed/income-tax-withholding-assistant-for-employers +1 I just found this today on the IRS website. Before I found this, the new process was pretty frustrating. I wanted to highlight it ag...
by GuyInFL
Sun Mar 22, 2020 11:31 am
Forum: Personal Finance (Not Investing)
Topic: Travel insurance & covid-19
Replies: 6
Views: 287

Re: Travel insurance & covid-19

willthrill81 wrote:
Sun Mar 22, 2020 11:25 am
Take the refund. There's no other ethical (or potentially legally) way to do it that I can see.
+1
by GuyInFL
Sun Mar 15, 2020 9:39 am
Forum: Personal Finance (Not Investing)
Topic: IRS might extend deadline for paying taxes due for 201months.
Replies: 8
Views: 918

Re: IRS might extend deadline for paying taxes due for 201months.

I’d say if you need the money in 90 days, equities are not a good place for it. You said if the market goes down, you won’t have trouble paying your taxes. That sounds like you don’t need the funds in 90 days.
Go for it if that’s consistent with your AA.
by GuyInFL
Wed Mar 04, 2020 7:31 am
Forum: Investing - Theory, News & General
Topic: When you leave a job, beware the 401(k) administrator's fees
Replies: 21
Views: 2485

Re: When you leave a job, beware the 401(k) administrator's fees

My megacorp recently began charging a small fixed fee to an otherwise very low cost 401k and we were told it was partially due to the large number of ex-employees remaining in the plan. We were told they couldn't charge those folks a different fee. Still an excellent plan.
by GuyInFL
Tue Mar 03, 2020 9:07 pm
Forum: Investing - Theory, News & General
Topic: Help!! The 4% SWR in real life....
Replies: 23
Views: 2873

Re: Help!! The 4% SWR in real life....

Www.immediateannuities.com
Hopefully he'll start SS at 70 instead of 72. Increases stop at 70. RMDs arent required until 72 now.
by GuyInFL
Sat Feb 29, 2020 9:16 am
Forum: Personal Investments
Topic: Bridge Account Question
Replies: 3
Views: 253

Re: Bridge Account Question

Take a look at 72t distributions to get an idea of how to access retirement funds prior to normal retirement age.
by GuyInFL
Fri Feb 28, 2020 7:16 am
Forum: Personal Consumer Issues
Topic: iPhone 6s - upgrade to 11 or 12?
Replies: 41
Views: 2916

Re: iPhone 6s - upgrade to 11 or 12?

Just upgraded from a 6 to an 11. Very happy since 6 had gotten glitchy. Battery life on new phone is amazing.
11 came with earbuds with lightning jack so it still supports wired earphones. Just no dedicated earphone jack.
by GuyInFL
Mon Feb 17, 2020 7:38 pm
Forum: Personal Investments
Topic: Bridging to SS with annuity- why not?
Replies: 28
Views: 1928

Re: Bridging to SS with annuity- why not?

According to www.immediateannuities.com, a 15 year certain period annuity of 850K yields $66,360 per year (7.8%) for 15 years without COLA. COL adjusted this would be $55K (6.5%) [my estimate]. Compare this to the notional 4% rule which is inflation adjusted and yields $34K annually for thirty years...
by GuyInFL
Tue Feb 11, 2020 11:20 pm
Forum: Personal Finance (Not Investing)
Topic: Use same lawyer to update trust and other estate documents?
Replies: 7
Views: 533

Re: Use same lawyer to update trust and other estate documents?

Listening to an Estate Planning podcast, the lawyer says he does not modify other lawyers Trusts. He would create a new one. I'm sure different lawyers have different ways to do things and he didn't want to miss a minor detail.
by GuyInFL
Thu Jan 30, 2020 7:24 am
Forum: Personal Finance (Not Investing)
Topic: Is it possible to contest beneficiary of a life insurance and brokerage account of a deceased?
Replies: 51
Views: 4689

Re: Is it possible to contest beneficiary of a life insurance and brokerage account of a deceased?

ThePrune wrote:
Sat Jan 25, 2020 10:12 pm
GuyInFL wrote:
Sat Jan 25, 2020 10:05 pm
Looks like you can't disinherit your spouse in Massachusetts.
The spouse's Right of Election applies to property that passes through Probate. Life Insurance proceeds and IRAs do not pass through probate.
Good point!
by GuyInFL
Wed Jan 29, 2020 10:24 pm
Forum: Personal Consumer Issues
Topic: Early retirement - Long term "successes"
Replies: 75
Views: 7277

Re: Early retirement - Long term "successes"

Www.RetireEarlyHomepage.com

He retired at 38 and is in his 60s.
by GuyInFL
Fri Jan 24, 2020 11:55 pm
Forum: Personal Investments
Topic: Our first investment property - any advice?
Replies: 13
Views: 955

Re: Our first investment property - any advice?

If you sell the home, the capital gain is likely tax free. If you rent it out, you lose this after three years.
by GuyInFL
Fri Jan 24, 2020 1:20 am
Forum: Personal Investments
Topic: Military and 22% tax bracket, still favor Roth?
Replies: 32
Views: 2690

Re: Military and 22% tax bracket, still favor Roth?

Right now my total retirement assets are $202,000 between my IRA, my wife’s IRA, and my TSP and all of that is Roth money. I’m leaning towards making 2020’s contributions as traditional based on my income bumping me up to the 22% bracket and to give me some retirement money in both pots +1 for that...
by GuyInFL
Sun Jan 19, 2020 11:15 pm
Forum: Personal Investments
Topic: Looking for input/will this work?
Replies: 27
Views: 1709

Re: Looking for input/will this work?

1.35mil 401k/ira You can use 72t withdrawals to access traditional IRA funds below 59.5 without penalty and many companies allow 401K withdrawals at 55 penalty free. This allows you burn pre-tax money instead of taxable funds using the 10-12% brackets. You may be able to accomplish a similar effect...
by GuyInFL
Mon Jan 13, 2020 12:55 am
Forum: Personal Investments
Topic: Portfolio Review - Leaving Financial Advisor
Replies: 11
Views: 1098

Re: Portfolio Review - Leaving Financial Advisor

E*TRADE has 4400 no-load, no transaction fee mutual funds and no commissions on ETFs. Most of the biggies have dropped ETF/stock commissions.
by GuyInFL
Sun Dec 29, 2019 1:24 am
Forum: Personal Consumer Issues
Topic: Census "American Community Survey"??
Replies: 12
Views: 1100

Re: Census "American Community Survey"??

We receved something like this a couple years ago.
It involved about three interviews over a six month period.
I was allowed to decline to answer questions so I did for sensitve info.
by GuyInFL
Sat Dec 28, 2019 3:13 pm
Forum: Investing - Theory, News & General
Topic: Income change; Traditional vs. Roth Question
Replies: 12
Views: 465

Re: Income change; Traditional vs. Roth Question

I think its best to have a combination of traditional, roth, and taxable investments. That provides more flexibility.
by GuyInFL
Fri Dec 27, 2019 9:33 pm
Forum: Personal Finance (Not Investing)
Topic: What is a reasonable attorney fee for establishing a will/trust?
Replies: 27
Views: 4269

Re: What is a reasonable attorney fee for establishing a will/trust?

I've been listening to an estate planning podcast hosted by www.lawbob.com and think it would be worthwile to listen to prior to setting up these documents.
by GuyInFL
Tue Dec 24, 2019 10:03 am
Forum: Investing - Theory, News & General
Topic: Met my number. Now what?
Replies: 46
Views: 9821

Re: Met my number. Now what?

Many 401ks allow you to start withdrawals at 55 with no penalty.
Take a look at Donor Advised Funds for charities and fund with appreciated stock/funds.
by GuyInFL
Mon Dec 23, 2019 7:46 am
Forum: Personal Investments
Topic: Helping my parents with their Roth IRA
Replies: 16
Views: 608

Re: Helping my parents with their Roth IRA

With minimal investments in 401K, would the Roth be best? Any idea what their marginal tax rates are? (Federal + state)
by GuyInFL
Sat Dec 21, 2019 12:54 am
Forum: Investing - Theory, News & General
Topic: Tax Law Changes for 2020
Replies: 355
Views: 27975

Re: Tax Law Changes for 2020

Genuinely excited at the 401k annuity options I can understand that it might make sense to buy an annuity when you retire but what advantage would there be have an annuity in a 401k before then? When I saw that I assumed that had been added so the financial industry could make more money. Perhaps b...
by GuyInFL
Fri Dec 20, 2019 10:35 pm
Forum: Personal Investments
Topic: Roth conversion question
Replies: 19
Views: 1548

Re: Roth vonversion question

02nz wrote:
Fri Dec 20, 2019 9:12 pm
Lots of "may offer" or "cannot offer," whereas the language on rule of 55 is not caveated in any way.
Call the 401k folks and ask.
by GuyInFL
Thu Dec 19, 2019 8:17 am
Forum: Personal Finance (Not Investing)
Topic: Is anyone here surviving without a credit card?
Replies: 85
Views: 4281

Re: Is anyone here surviving without a credit card?

However, I wonder. Do you think that on average rewards outpace the extra purchases for most people? Of course BH's are certainly not average either. I think most people would be better off without using credit cards. If you are one who would, surviving without them is easy and a lot of people do. ...
by GuyInFL
Sat Dec 14, 2019 6:13 am
Forum: Personal Finance (Not Investing)
Topic: Probably stupid simple gains tax question & deduction
Replies: 11
Views: 888

Re: Probably stupid simple gains tax question & deduction

Also, if your bracket is higher next year, you may want to save the loss till then.
Recommend trying scenarios out with tax software prior to Dec 31.

https://sites.google.com/site/excel1040/home/download
by GuyInFL
Fri Dec 13, 2019 7:15 am
Forum: Personal Consumer Issues
Topic: Found hidden safe, should we crack?
Replies: 303
Views: 88425

Re: Found hidden safe, should we crack?

Our library has 3D printers. I’ll bet you could find one locally that you could use.
by GuyInFL
Tue Dec 10, 2019 7:28 pm
Forum: Investing - Theory, News & General
Topic: Schwab ETF Estimated Distributions
Replies: 11
Views: 880

Schwab ETF Estimated Distributions

Schwab ETF Estimated capital gains distributions.

https://ims.schwab.wallst.com/repositor ... utions2019
by GuyInFL
Tue Dec 10, 2019 7:21 pm
Forum: Personal Finance (Not Investing)
Topic: How to decrease taxable income in next 21 days?
Replies: 14
Views: 1990

Re: How to decrease taxable income in next 21 days?

The donor advised fund seems like a good idea. We give money every year though not in massive amounts but so long as the fees are not going to eat up the money, this might be a good way to go -- to fund a few years in advance. Since money is fungible, fund the DAF with appreciated assets if you can.
by GuyInFL
Sun Dec 08, 2019 10:55 pm
Forum: Personal Finance (Not Investing)
Topic: 529 withdrawl of principal due to scholarship tax question
Replies: 13
Views: 1376

Re: 529 withdrawl of principal due to scholarship tax question

If the withdrawal goes to your son, he pays the tax at his rate.
Also, don't forget about AOC even if he has a scholarship.
by GuyInFL
Fri Nov 22, 2019 12:22 am
Forum: Investing - Theory, News & General
Topic: withdrawal rate if you’re expecting maximum SS at age 70?
Replies: 35
Views: 4633

Re: withdrawal rate if you’re expecting maximum SS at age 70?

Regarding a 3% or 4% SWR, I'd also consider how flexible your budget is. If 80K includes 30K of travel, you can cut back more easily than if the budget is mostly necessities. I'd be hesitant to keep 800K in cash. What about 400K cash + $1M @4% would be 80K per year till SS at 70? Obviously more risk...
by GuyInFL
Tue Nov 12, 2019 11:44 am
Forum: Personal Finance (Not Investing)
Topic: Will I be audited?
Replies: 51
Views: 4592

Re: Will I be audited?

We got audited for the first time ever, because we put 5 yrs of charitable contributions into a donor advised fund in 2017. We're not rich (but nobody ever thinks they are, do they?) and the IRS guy said is was solely because of the large charitable contribution. Anticipating the audit was a bit st...
by GuyInFL
Thu Nov 07, 2019 8:00 am
Forum: Personal Finance (Not Investing)
Topic: Does umbrella insurance premium change over time?
Replies: 13
Views: 1019

Re: Does umbrella insurance premium change over time?

Barefoot wrote:
Wed Nov 06, 2019 6:03 pm
Mine went way down when my kids went out on their own and off my car insurance.
+1
by GuyInFL
Thu Nov 07, 2019 7:58 am
Forum: Personal Finance (Not Investing)
Topic: Did my SIM card / cell phone get hacked?
Replies: 9
Views: 1105

Re: Did my SIM card / cell phone get hacked?

Call your cell service and watch your bank accounts
by GuyInFL
Sun Nov 03, 2019 11:54 pm
Forum: Personal Finance (Not Investing)
Topic: Best card to complement 2% cash back?
Replies: 31
Views: 4854

Re: Best card to complement 2% cash back?

UpperNwGuy wrote:
Sun Nov 03, 2019 10:48 pm
I use the Chase Sapphire Reserve for dining and travel and a 2% cash back card for everything else.
Me too!
by GuyInFL
Sat Nov 02, 2019 10:45 pm
Forum: Personal Consumer Issues
Topic: Cruises, where to book?
Replies: 17
Views: 1895

Re: Cruises, where to book?

I've been happy with www.crucon.com
Their prices were better than CostCo for my last cruise. They typically have 'bonus' credit of $100 around black friday.
by GuyInFL
Sat Nov 02, 2019 1:54 am
Forum: Personal Finance (Not Investing)
Topic: Interest from loans
Replies: 19
Views: 1303

Re: Interest from loans

Thanks
by GuyInFL
Sat Nov 02, 2019 1:32 am
Forum: Personal Investments
Topic: Maxing out 401k with percentage of income
Replies: 14
Views: 1234

Re: Maxing out 401k with percentage of income

regularguy455 wrote:
Fri Nov 01, 2019 7:30 am
From personal experience, I have seen two instances where they cut off contributions once you hit the limit. I want to believe this is a standard practice at most large firms.
My megacorp does this.
by GuyInFL
Sat Nov 02, 2019 1:22 am
Forum: Personal Finance (Not Investing)
Topic: Interest from loans
Replies: 19
Views: 1303

Re: Interest from loans

I wouldn't think you'll get flagged, but you might. If so, I'm not sure you've done anything wrong. Be sure you're paying your taxes on the interest (which you seem to be doing), that you're compliant with any usury laws in your state. Here's a link that shows usury laws by state: https://www.cuna....
by GuyInFL
Wed Oct 30, 2019 10:23 pm
Forum: Personal Finance (Not Investing)
Topic: H&R BLOCK Pre-Order 2019 Software Offer
Replies: 317
Views: 28314

Re: HRBLOCK Pre-Order 2019 Software Offer

patrickscott wrote:
Wed Oct 30, 2019 5:45 pm
I just received an HRBlock pre-order 2019 offer. H&R Block 2019 Deluxe Federal for $19.95 Download

Did anybody else receive it?
Nope, but your link worked. That price is good enough for me!
by GuyInFL
Sun Oct 27, 2019 1:43 pm
Forum: Personal Investments
Topic: 401k-Roth conversions and taxes (check my math)
Replies: 8
Views: 360

Re: 401k-Roth conversions and taxes (check my math)

Looks about right to me. Those are the 2018 brackets and 2019 are a bit higher. Of course you can spend some of the conversions if your expenses exceed 54,982.