Search found 340 matches

by diy60
Thu Apr 23, 2020 10:27 am
Forum: Personal Finance (Not Investing)
Topic: Medicare Premium Questions
Replies: 18
Views: 1267

Re: Medicare Premium Questions

As others have stated, IRMAA is evaluated each year using the tax return from 2 years ago. The main annoying issue is the IRMAA is a cliff, so just missing it $1 is costly. Additionally IRMAA is indexed to inflation and you don't know the brackets until the 4thQ preceding the year in question. So fo...
by diy60
Thu Apr 23, 2020 9:02 am
Forum: Personal Investments
Topic: All the upside of the S&P with 10% downside protection "Free"?
Replies: 116
Views: 7843

Re: All the upside of the S&P with 10% downside protection "Free"?

Advisor has many strikes:
- Letting his client panic (cashed out in March)
- Actually selling client's holdings low
- Playing on clients fears
- Offering a ridiculously complex and expensive product
- Using tax advantaged Roth funds for an annuity
by diy60
Mon Mar 30, 2020 9:32 am
Forum: Personal Investments
Topic: Sell and Buy at Fidelity
Replies: 16
Views: 815

Re: Sell and Buy at Fidelity

I want to sell several (10) mutual funds and buy index funds (4 funds portfolio) instead. None one of the existing funds have load or STTD. I am holding them for about 3 years now. I just called Fidelity and the rep said that I can put a sell order today and the corresponding buy order will be for ...
by diy60
Tue Mar 24, 2020 10:47 am
Forum: Personal Investments
Topic: Medallion Signature guarantee, Notaries not accessible
Replies: 26
Views: 1559

Re: Medallion Signature guarantee, Notaries not accessible

I just tried initiating the transfer from Fidelity account as someone mentioned above. It gave me the same pdf that it gave during the account opening process. So it seems like my current credit union does need this signature. It's a standard Fidelity form, the Medallion section is included if need...
by diy60
Tue Mar 24, 2020 10:33 am
Forum: Personal Investments
Topic: 9 Reasons Not to Tax Loss Harvest (WCI)
Replies: 50
Views: 4298

Re: 9 Reasons Not to Tax Loss Harvest (WCI)

I'd half hoped the computer would allow the trade since it could have known enough money would likely be coming from the mutual fund sale. But I understand why the computer couldn't make that assumption. If at Fidelity, you can call the trading desk and they will allow you to purchase using 90% val...
by diy60
Tue Mar 24, 2020 9:57 am
Forum: Personal Investments
Topic: Medallion Signature guarantee, Notaries not accessible
Replies: 26
Views: 1559

Re: Medallion Signature guarantee, Notaries not accessible

Is there any other way to handle this or I just need to wait till I have access to the notary before I send the form to transfer the assets? I wouldn't mess around with calling. Do it all online, initiate from the Fidelity side. Fill out the electronic form from Fidelity's website, choose electroni...
by diy60
Wed Mar 18, 2020 10:44 am
Forum: Investing - Theory, News & General
Topic: do people TLH even if there is no loss but it’s close?
Replies: 9
Views: 570

Re: do people TLH even if there is no loss but it’s close?

However, there may be other reasons to sell for a small gain. If you want to switch funds anyway, a large gain might deter you from switching, while a small gain makes switching worthwhile. Thanks for the reminder. Lots of people focus on the loss aspect but as you say there could be other perfectl...
by diy60
Tue Mar 17, 2020 3:39 pm
Forum: Investing - Theory, News & General
Topic: Why do people say "its only on paper, its not a real loss"
Replies: 142
Views: 7387

Re: Why do people say "its only on paper, its not a real loss"

Years ago I inherited a file folder full of stock certificates. They were worthless when I inherited them and they are worthless now. Though nothing was ever sold or realized, the losses are real. Period.
by diy60
Sun Mar 15, 2020 5:55 pm
Forum: Personal Consumer Issues
Topic: Coronavirus Flight Cancel Thread
Replies: 224
Views: 13303

Re: Coronavirus Flight Cancel Thread

1. Me 2. United 3. Full refund. Award miles redeposited, all $ for taxes and upgrade bundles refunded to original CC. Redeposit fee waived. No time stipulations. 4. Phone (90 mins on 1st hold, I accidentally hung up when rep came on line, another 70 mins hold on 2nd attempt) 5. Called Sunday morning...
by diy60
Sun Mar 08, 2020 10:48 pm
Forum: Personal Investments
Topic: Timing of Roth Conversions
Replies: 7
Views: 660

Re: Timing of Roth Conversions

For the past several years I've been converting 90% of my targeted conversion amount on the 1st trading day of each year, and the other 10% close to the last trading of the year. Sort of like DCAing at the 30K ft level versus every month. Worked out well except for 2018. If the market drops 30% to 4...
by diy60
Sat Feb 08, 2020 1:01 pm
Forum: Personal Investments
Topic: Known bug in H&R BLock Deluxe 2019 handling of HSA
Replies: 8
Views: 1050

Re: Known bug in H&R BLock Deluxe 2019 handling of HSA

Awesome! That works, though it's wrong. Glad it worked out for you. I'm not sure it is wrong. I think it's one of those pesky vague questions in the software. As an example, I honed in on that question because in my situation, I had HSA eligible insurance with family coverage thru my work, which in...
by diy60
Sat Feb 08, 2020 8:49 am
Forum: Personal Investments
Topic: Known bug in H&R BLock Deluxe 2019 handling of HSA
Replies: 8
Views: 1050

Re: Known bug in H&R BLock Deluxe 2019 handling of HSA

Yes, we have separate HSAs now. I put 8K in one and 1K in the other (which should be fine), but regardless of how I enter it (split 4500/4500, etc.) HRB tells me I need to pay back 1K. As I said, HRB has acknowledged the bug, they just don't seem to be committing to a fix. (And, before someone asks...
by diy60
Wed Jan 29, 2020 4:45 pm
Forum: Investing - Theory, News & General
Topic: Question re target date or balanced index funds
Replies: 18
Views: 1464

Re: Question re target date or balanced index funds

How much of a drag on your returns is caused by investing in a fund that is continuously rebalanced? All target date funds rebalance, and eventually after 5 to 7 years of passing the targeted retirement date the dollars are moved over into their version of a target date income fund. Keep in mind if...
by diy60
Sat Jan 25, 2020 4:09 pm
Forum: Personal Consumer Issues
Topic: Global Entry [wait time for interview]
Replies: 70
Views: 4868

Re: Global Entry

I got my GE about 4 or 5 years ago, so my data point may be outdated. I tried walk-in at 2 different airports and they refused to see me without an appointment. I made an appointment about 1 week out at an airport about 1-1/2 hrs drive from my home. The interview was painless. I no longer use GE whe...
by diy60
Sat Jan 25, 2020 3:43 pm
Forum: Personal Finance (Not Investing)
Topic: TIRA => ROTH Conversion Strategies and SS Taxes
Replies: 81
Views: 3758

Re: TIRA => ROTH Conversion Strategies and SS Taxes

Any similarity between the OP's case and that graph are coincidental. The graph is based on a hypothetical situation. Individual circumstances often have a strong influence, which is why rules of thumb for t vs. R are notorious for their exceptions. I always enjoy your graphs using the personal too...
by diy60
Sat Jan 25, 2020 3:35 pm
Forum: Personal Finance (Not Investing)
Topic: TIRA => ROTH Conversion Strategies and SS Taxes
Replies: 81
Views: 3758

Re: TIRA => ROTH Conversion Strategies and SS Taxes

People with millions and millions in pre-tax and taxable assets should just assume that 100% of their SS will be taxable and be grateful that only 85 will be taxed. For Federal taxes, per the "personal toolbox - calculations tab", a person drawing a pension with ZERO assets would be taxed on 85% of...
by diy60
Wed Jan 22, 2020 8:30 am
Forum: Investing - Theory, News & General
Topic: [Fidelity Health Savings Account Mega-Thread]
Replies: 1065
Views: 118315

Re: Rumor mill - Fidelity starting individual HSA's Nov. 15th [2018]

The end result is a customized PDF file with all of the info filled in for you. Print and sign the PDF. You do NOT need a Medallion Signature (it's on the form, but is optional). 2. Print a copy of your latest HSA statement from your current provider. 3. Mail your statement and the Transfer Of Asse...
by diy60
Thu Jan 09, 2020 6:37 pm
Forum: Personal Consumer Issues
Topic: Home Insurance Policy Increased by 26.8%!!
Replies: 27
Views: 2412

Re: Home Insurance Policy Increased by 26.8%!!

OP, time to shop around. Pay attention to how they quote the deductibles and coverage to make sure you are comparing apples to apples. After being with the same company for 20 years and seeing the last 4 years of rate increases I finally jumped ship. I shaved over 60% off of my total insurance premi...
by diy60
Thu Jan 09, 2020 6:21 pm
Forum: Personal Finance (Not Investing)
Topic: does it pay to go to more than one insurance agent for a Medigap/Advantage plan?
Replies: 22
Views: 1636

Re: does it pay to go to more than one insurance agent for a Medigap/Advantage plan?

thanks. additional info offered is helpful. turns out our SHIP is at the office of aging and we have an appt to meet with the SHIP next thursday. They said they have access to all the plans offered, not just some (like the insurance guy only had some, not all). I did all of the research on my own. ...
by diy60
Mon Jan 06, 2020 8:58 pm
Forum: Personal Finance (Not Investing)
Topic: Getting someone else's SS 2019 SSA-1099 statement (wrong address)
Replies: 1
Views: 250

Getting someone else's SS 2019 SSA-1099 statement (wrong address)

Looking for some guidance . . . . . Just rec'd a mailing from SS with someone else's name but my address. I didn't catch the discrepancy and accidentally opened the mail. It appears to be a legitimate SS 2019 SSA-1099. So I'd like to do the right thing, but I'm not sure how to proceed. I thought abo...
by diy60
Mon Dec 30, 2019 3:59 pm
Forum: Personal Investments
Topic: IRMAA brackets?
Replies: 87
Views: 5882

Re: IRMAA brackets?

OK, so no one knows what the 2021 IRMAA brackets will be until 4Q2020. For those of us who will be making a Roth conversion today or tomorrow, what MAGI limit do you plan to use: 87/174, or 85/170? The middle ground. Today I converted using 86/172. I think 87/174 is probably safe but the spike in m...
by diy60
Sun Dec 29, 2019 12:33 pm
Forum: Personal Investments
Topic: IRMAA brackets?
Replies: 87
Views: 5882

Re: IRMAA brackets?

If I am wrong, I guess I will just have to eat rice and beans for one year. Well, it does make some sense. Since you believe the limit could go down, I guess it is less likely to go down some than to go down all the way. I too was confused, plus I never rec'd a response to my question asked twice i...
by diy60
Mon Dec 23, 2019 10:33 am
Forum: Personal Finance (Not Investing)
Topic: Roth conversion math and IRMMA
Replies: 16
Views: 1176

Re: Roth conversion math and IRMMA

No ira distribution, no pension, no social security and no other add backs. Possible add back: State and Local tax refunds Possible deducts: HSA contribution I should be able to convert 64000 to roth and stay under the irmma threshold. Thanks. It seems like I could have made a big mistake. IRMAA is...
by diy60
Sat Dec 21, 2019 4:08 pm
Forum: Personal Investments
Topic: IRMAA brackets?
Replies: 87
Views: 5882

Re: IRMAA brackets?

Average the 12 months September 2017 to August 2018, compare to the average September 2019 to August 2020, then apply the percentage change to 85,000, round to the nearest 1,000 and double for MFJ? Yes, that's how I read it. Have you tried this approach for earlier years and, if so, did the results...
by diy60
Thu Dec 19, 2019 5:15 pm
Forum: Personal Consumer Issues
Topic: [Peter Jackson’s “They shall not grow old” - streaming on HBO]
Replies: 94
Views: 13446

Re: [Peter Jackson’s “They shall not grow old” - now streaming on Amazon Prime]

Does anyone know if the streaming version includes the 30-minute how-we-made-it documentary? Which is not necessary to watch but, we thought, was well done and well worth watching. I borrowed the blu-ray disk from our local library and just completed watching it. The disc had a bonus feature called...
by diy60
Fri Dec 13, 2019 3:10 pm
Forum: Personal Investments
Topic: IRMAA brackets?
Replies: 87
Views: 5882

Re: IRMAA brackets?

Do you still have an ability within the next 18 days to adjust your MAGI for year 2019? You may want to use $174k. However, if the penalty for going over the cliff bothers you more than forfeiting some conversion room, t hen scale it down by a thousand. Disclaimer: My crystal ball is cloudy. This h...
by diy60
Tue Dec 10, 2019 4:02 pm
Forum: Personal Finance (Not Investing)
Topic: Medicare Advantage=Leaving Medicare?
Replies: 70
Views: 3700

Re: Medicare Advantage=Leaving Medicare?

However I just realized that while elderly mom's window just closed for the year (without underwriting), since cousin turned 65 in August 2019 she is still within the 6-month initial enrollment period during which she can purchase Medigap insurance. That might be an option for her--I was focused on...
by diy60
Tue Dec 10, 2019 3:57 pm
Forum: Personal Finance (Not Investing)
Topic: Medicare Advantage=Leaving Medicare?
Replies: 70
Views: 3700

Re: Medicare Advantage=Leaving Medicare?

And in states that allow unpenalized movement back and forth, the premiums are significantly higher than in states that allow insurers to require underwriting. Excellent point. Lots of folks make statements about how nice their State's birthday rule is, but in fact they are paying significantly hig...
by diy60
Mon Dec 09, 2019 10:58 pm
Forum: Personal Investments
Topic: Form 8606 help needed
Replies: 13
Views: 1002

Re: Form 8606 help needed

Spouse and I missed filing about 5 each previously (10 total). A few years back we downloaded and filled out the form for the missing years only and sent them in 2 separate envelopes (one for me, one for spouse). Been converting for 3 years and have not had any issues. This official IRS site with "8...
by diy60
Fri Dec 06, 2019 11:08 pm
Forum: Investing - Theory, News & General
Topic: Tax Deferred : Taxable : Tax Free
Replies: 224
Views: 14110

Re: Tax Deferred : Taxable : Tax Free

Tax deferred: 55%
Taxable: 19%
Roth/HSA: 26%

Post Roth conversion I project to be

Tax deferred: 30%
Taxable: 5%
Roth/HSA: 65%
by diy60
Fri Dec 06, 2019 3:32 pm
Forum: Personal Finance (Not Investing)
Topic: Your credit card debt dies when you die (usually)
Replies: 128
Views: 6280

Re: Your credit card debt dies when you die (usually)

There is a lot of misinformation and misconceptions on this topic, and I thought I would help to dispel some of it here. OP, thank you for posting this information. Dealing with death and the aftermath is both a polarizing, emotional, and is often difficult to receive accurate information, especial...
by diy60
Mon Dec 02, 2019 7:16 pm
Forum: Personal Investments
Topic: What are Medicare Part B income limits?
Replies: 11
Views: 997

Re: What are Medicare Part B income limits?

It looks like they changed the way that number is derived. https://www.investmentnews.com/article/20190916/BLOG05/190919940/medicare-irmaa-surcharges-to-be-adjusted-for-inflation-in-2020 I recall it was pointed out in some other thread the linked article has incorrect values. I'm guessing you are r...
by diy60
Mon Dec 02, 2019 6:58 pm
Forum: Personal Investments
Topic: What are Medicare Part B income limits?
Replies: 11
Views: 997

Re: What are Medicare Part B income limits?

Wiggums wrote:
Mon Dec 02, 2019 6:48 pm
It looks like they changed the way that number is derived.

https://www.investmentnews.com/article/ ... on-in-2020
I recall it was pointed out in some other thread the linked article has incorrect values.
by diy60
Mon Dec 02, 2019 6:55 pm
Forum: Personal Investments
Topic: What are Medicare Part B income limits?
Replies: 11
Views: 997

Re: What are Medicare Part B income limits?

retiredjg wrote:
Mon Dec 02, 2019 3:18 pm
I wish someone would explain this to me.
This post from a few months ago helped further my understanding.
viewtopic.php?t=290754#p4755677
by diy60
Fri Nov 29, 2019 3:25 pm
Forum: Personal Investments
Topic: do roth conversion even when rpm says no?
Replies: 7
Views: 669

Re: do roth conversion even when rpm says no?

The retirement portfolio model shows that I will have less money if I do some roth conversions. I'm guessing an issue with your inputs. Check to make sure in the Setup tab, under Section 3, you have the asset allocations set up properly for "Roth conversions". It will be labeled something like "new...
by diy60
Fri Nov 29, 2019 8:39 am
Forum: Personal Finance (Not Investing)
Topic: H&R BLOCK Pre-Order 2019 Software Offer
Replies: 317
Views: 28298

Re: H&R BLOCK Pre-Order 2019 Software Offer

New user here for Newegg . . . I can report the 1st code worked for me no issues. $21.
by diy60
Fri Nov 22, 2019 12:05 pm
Forum: Personal Consumer Issues
Topic: Mechanic's lien filed - solar install
Replies: 18
Views: 2765

Re: Mechanic's lien filed - solar install

Additionally most states of a statue of limitations in which a lien holder must take action, otherwise the mechanics lien is invalidated. In my state the limit is 6 months, but I think the national average is closer to 1 year. Then why do I hear about home sellers going to settlement and finding th...
by diy60
Fri Nov 22, 2019 11:34 am
Forum: Personal Consumer Issues
Topic: Mechanic's lien filed - solar install
Replies: 18
Views: 2765

Re: Mechanic's lien filed - solar install

Mechanic's Lien are governed by state law and will likely have very regimented timelines and procedures that must be strictly adhered to in order for the mechanic's lien to be enforceable. Additionally most states of a statue of limitations in which a lien holder must take action, otherwise the mech...
by diy60
Fri Nov 22, 2019 11:18 am
Forum: Personal Consumer Issues
Topic: Gas furnace with heat pump - most cost efficient?
Replies: 27
Views: 1203

Re: Gas furnace with heat pump - most cost efficient?

The gas connection in my neighborhood stops at the house next door. Thus, I have a heat pump. I hate it. I don't know if it is more efficient, it seems to be highly rated, but air coming out at less than body temperature means it feels like a cool breeze blowing in the winter. I'd switch to gas in ...
by diy60
Tue Nov 19, 2019 10:53 am
Forum: Personal Investments
Topic: Pay 0% on capital gains, or do larger Roth conversion?
Replies: 21
Views: 2015

Re: Pay 0% on capital gains, or do larger Roth conversion?

The increase is $54 a month. Each. The total (including what you would pay without IRMAA) is about $189. For a couple on medicare, the increase would be $1,296 a year. Still nothing to ignore though. Sorry to nitpick, but I think IRMAA impacts Part D as well. I use ( $54.10 + $12.40 ) x 12 = $798 /...
by diy60
Tue Nov 19, 2019 10:45 am
Forum: Personal Investments
Topic: Confused about Rolled over IRA vs Traditional IRA
Replies: 18
Views: 1370

Re: Confused about Rolled over IRA vs Traditional IRA

It can make a difference...because some 401k plans will only accept a rollover from a "rollover IRA" even though they are no longer required to do it that way. Correct, it made a difference in my case. MegaCorp I retired from would only accept incoming funds from an IRA that was noted as either a R...
by diy60
Sat Nov 09, 2019 3:18 pm
Forum: Personal Finance (Not Investing)
Topic: Basic Medicare Part B 2020 Premium $144.30 ??
Replies: 39
Views: 3349

Re: Basic Medicare Part B 2020 Premium $144.30 ??

Obviously, you haven't had any recent hospital stays or surgeries since going on Plan N, have you. Forget the ordinary visits to the doc or ER trips. Do you have any idea at all the number of Part B claims that all of the other physicians and providers (separate and apart from the actual hospital) ...
by diy60
Sat Nov 09, 2019 2:44 pm
Forum: Personal Finance (Not Investing)
Topic: Basic Medicare Part B 2020 Premium $144.30 ??
Replies: 39
Views: 3349

Re: Basic Medicare Part B 2020 Premium $144.30 ??

For people who bought supplement plan N (presumably trying to save money on the monthly premiums) what did they expect to happen? I think the tradeoff for Plan-N depends on the state. For CT, balance billing is not allowed. So there should not be any surprises, at least in-state. At least that is w...
by diy60
Wed Nov 06, 2019 7:27 pm
Forum: Personal Investments
Topic: Roth 401K or Taxable
Replies: 53
Views: 2760

Re: Roth 401K or Taxable

Thank you all for your responses It seems like there is consensus that it makes sense to do after-tax 401K contributions, and then wait for the 2 year holding period. Thanks again CCD I agree with the guidance given here to contribute to the after tax subaccount, but OP should dig deeper to underst...
by diy60
Tue Nov 05, 2019 9:02 am
Forum: Personal Consumer Issues
Topic: Stinky Front Loader (Washer)
Replies: 66
Views: 6132

Re: Stinky Front Loader (Washer)

My 2015 vintage front loader stinks. I battled this problem for about a year. I concluded the issue was low volume flow in these front load high efficient washer causes excess build up of crud within the pump and hoses. Modern large scale industrial systems utilize cip systems with acid and caustic...
by diy60
Mon Oct 28, 2019 11:59 am
Forum: Personal Finance (Not Investing)
Topic: Hotel "incidentals" credit card precharge?
Replies: 24
Views: 1886

Re: Hotel "incidentals" credit card precharge?

Seems to be pretty common these last several years. Charges show up on my card separately from the room charges, linger on "pending charges" for several days and then drop off. I've never had an issue with the charges wrongfully sticking. Doesn't cost me anything but the practice does bug me. Remind...
by diy60
Wed Oct 23, 2019 10:21 am
Forum: Personal Investments
Topic: Roth IRA Conversion
Replies: 29
Views: 2274

Re: Roth IRA Conversion

1. Convert traditional IRA to a Roth IRA. Convert 4% per year. 2. Withdraw tradition IRA to taxable account. Withdraw 4% per year. As another reply has questioned, why 4%? You should calculate your marginal rate for the go/no go Roth conversion amount today vs. the impact the current conversion wou...
by diy60
Thu Oct 17, 2019 10:19 am
Forum: Personal Finance (Not Investing)
Topic: How to avoid Medicare IRMAA Surcharge
Replies: 72
Views: 6326

Re: How to avoid Medicare IRMAA

The MAGI for IRMAA is defined as your total adjusted gross income and tax-exempt interest income. . Incorrect. Coming from someone who unfortunately discovered that it also includes adding back the foreign earned income exclusion. Yeah, I don't get this either. What I posted was a direct quote from...
by diy60
Sun Oct 13, 2019 7:45 pm
Forum: Personal Finance (Not Investing)
Topic: Who has or Plans to Sign up for an IRS IP PIN
Replies: 14
Views: 1809

Re: Who has or Plans to Sign up for an IRS IP PIN

On the one hand, I like the added the security. On the other, I don't like needing two new PIN's each year (one for me and one for the DW) and relying (waiting) on the IRS to send them. What if we don't get them for some reason? Now I've created a problem for myself I did not have before. I have be...