Search found 300 matches

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: 1858

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: 1131

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: 3040

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: 3040

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: 2417

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: 40
Views: 2363

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: 1704

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: 1963

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: 5636

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: 1599

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...
by diy60
Sun Oct 13, 2019 7:28 pm
Forum: Personal Investments
Topic: Sounds too good to be true - converting after tax 401k contributions immediately to Roth 401k
Replies: 13
Views: 1866

Re: Sounds too good to be true - converting after tax 401k contributions immediately to Roth 401k

simple man wrote:
Sun Oct 13, 2019 6:32 pm
Do you see any issues? Thanks! :D
Nope, your golden. Count your blessings and take advantage of the after tax subaccount.
by diy60
Thu Oct 10, 2019 2:00 pm
Forum: Investing - Theory, News & General
Topic: highly compensated employee (HCE) Time bomb?
Replies: 91
Views: 8913

Re: highly compensated employee (HCE) Time bomb?

Spirit Rider wrote:
Thu Oct 10, 2019 8:14 am
If does not require a plan to support IRRs. It can be IRR and/or in-service rollovers. The OP stated his wife does the latter.
Good catch, I tend to skim posts and ultimately miss details.
by diy60
Thu Oct 10, 2019 7:44 am
Forum: Investing - Theory, News & General
Topic: highly compensated employee (HCE) Time bomb?
Replies: 91
Views: 8913

Re: highly compensated employee (HCE) Time bomb?

My wife's employer allows for after tax contributions and in service roll overs so we are currently able to save the maximum 56k between Roth roll overs company match and pre-tax 401k. How did you come up with 56k? Is this combined between the two of you? I thought the limit was 19k per person plus...
by diy60
Thu Oct 10, 2019 7:30 am
Forum: Personal Consumer Issues
Topic: Do you carry your passport with you during international travel?
Replies: 110
Views: 9583

Re: Do you carry your passport with you during international travel?

For work, when I traveled to oppressive/police state countries my passport was with me at all times. For all other countries I usually kept the passport in the hotel safe.
by diy60
Thu Oct 10, 2019 7:17 am
Forum: Investing - Theory, News & General
Topic: Fidelity to $0 Commissions
Replies: 86
Views: 9043

Re: Fidelity to $0 Commissions

I guess this means we can quit posting in that other thread that asks when we will be moving our accounts out of Fidelity because of the commissions. +1, you just made my day. But now we'll probably see a brand new thread "When $0 Commission doesn't mean free" speculating to all kinds of backroom s...
by diy60
Wed Oct 09, 2019 3:09 pm
Forum: Investing - Theory, News & General
Topic: highly compensated employee (HCE) Time bomb?
Replies: 91
Views: 8913

Re: highly compensated employee (HCE) Time bomb?

Do we run the risk of her breaking into the top 20% in the next promotion or two and then going from ±40% combined saving rate down to ±6? does anyone have any suggestions on how my wife could talk to her employer to see where that magical top 20% of earners line is? Correct me if I am wrong but th...
by diy60
Mon Oct 07, 2019 1:49 pm
Forum: Personal Finance (Not Investing)
Topic: How to avoid Medicare IRMAA Surcharge
Replies: 72
Views: 5636

Re: How to avoid Medicare IRMAA Surcharge

One more item to add into MAGI is the non taxed portion of Social Security benefits, Not to pile on, but as others have stated, this is wrong for determining Medicare IRMAA charges. From the official SS document at https://www.ssa.gov/pubs/EN-05-10536.pdf page 2, "Your MAGI is your total adjusted g...
by diy60
Mon Oct 07, 2019 1:43 pm
Forum: Personal Finance (Not Investing)
Topic: Medicare Supplement Plan F Future Pricing
Replies: 14
Views: 959

Re: Medicare Supplement Plan F Future Pricing

<snip> So I am not going to worry about something I cannot control. Same here. I researched Medigap supplemental plans for several months, including pricing in other States. I made a decision based on the best information available to me. To put it in perspective, if I'm wrong, I'm hoping my decisi...
by diy60
Mon Oct 07, 2019 12:40 pm
Forum: Personal Finance (Not Investing)
Topic: Medicare Supplement Plan F Future Pricing
Replies: 14
Views: 959

Re: Medicare Supplement Plan F Future Pricing

I tried repeatedly. All I saw were numerous strings about the Part D drug plan changes. I'd appreciate your directing me to one of the existing message strings. Thanks Use the Google search bar from within the BH site and type in "Plan F". You will find hundreds of posts on the subject. If you pref...
by diy60
Sat Sep 28, 2019 5:57 pm
Forum: Personal Investments
Topic: How to contribute to an HSA
Replies: 12
Views: 1142

Re: How to contribute to an HSA

Clarice wrote:
Fri Sep 27, 2019 10:12 pm
Why would you contribute post-tax dollars......?????
Keep in mind not everyone has W2 income. I have retiree HSA eligible health insurance and I fund my HSA every year from my taxable brokerage account. I use the income reduction to increase my Roth conversions.
by diy60
Thu Sep 12, 2019 6:53 pm
Forum: Investing - Theory, News & General
Topic: UPDATE: Vanguard Target Date Fund almost always better than Edward Jones?
Replies: 36
Views: 3021

Re: Vanguard Target Date Fund almost always better than Edward Jones?

Even Vanguard still has front loaded funds. I wasn't aware of this. Could you give an example or more detail? Vanguard website says otherwise. https://investor.vanguard.com/mutual-funds/fees "Fees you won't pay at Vanguard Vanguard funds never charge front-end or back-end loads or other sales commi...
by diy60
Fri Aug 30, 2019 9:18 am
Forum: Personal Consumer Issues
Topic: Medicare excess charges -- Connecticut
Replies: 5
Views: 668

Re: Medicare excess charges -- Connecticut

Are you talking about emergency care or elective care? I'm concerned about both, although emergency care is my biggest concern. So for example, can I get a surprise bill for emergency service or knee surgery? For non-emergency service I will surely verify that my hospital and surgeon accept medicar...
by diy60
Sun Aug 25, 2019 10:22 am
Forum: Personal Finance (Not Investing)
Topic: Medicare Part D Plan - Input Needed
Replies: 86
Views: 4576

Re: Medicare Part D Plan - Input Needed

In the +/- 3 months you turn 65, you can choose any Medigap plan without underwriting. This is incorrect if you are referring to signing up for Medigap plans. The window is 6 months from the effective date of Part B coverage. For example, if your birthday is July 15 your effective Part B date would...
by diy60
Thu Aug 22, 2019 10:24 pm
Forum: Personal Finance (Not Investing)
Topic: Roth Conversions - Estimated Taxes
Replies: 13
Views: 1591

Re: Roth Conversions - Estimated Taxes

A direct rollover (401k to any IRA) or a direct transfer (TIRA to any other IRA) cannot include withholding. If withholding is desired in connection with these transactions, a second distribution of the withholding only would have to be requested. This will also generate a separate 1099R for the wi...
by diy60
Thu Aug 22, 2019 8:49 pm
Forum: Personal Finance (Not Investing)
Topic: Roth Conversions - Estimated Taxes
Replies: 13
Views: 1591

Re: Roth Conversions - Estimated Taxes

Another option is to have tax withheld on the conversion, then replace that amount as an indirect rollover. See PreTax Roth Conversion Withholding Question . Up to you to decide which path is most appealing. Thanks for the thread reference. Reading that short thread Alan S. replies with specific la...
by diy60
Wed Aug 21, 2019 11:22 am
Forum: Personal Finance (Not Investing)
Topic: Roth Conversions - Estimated Taxes
Replies: 13
Views: 1591

Re: Roth Conversions - Estimated Taxes

Why are you so gung-ho to increase your Roth conversions this year? I'd wait for the market to drop a bit to get more aggressive than your plan. I did some aggressive Roth conversions last December when the market hit the skids, but none so far this year. I have a couple of years before I need to w...
by diy60
Wed Aug 21, 2019 8:40 am
Forum: Personal Finance (Not Investing)
Topic: Roth Conversions - Estimated Taxes
Replies: 13
Views: 1591

Roth Conversions - Estimated Taxes

January 2019 I converted 75% of my self-targeted Roth conversion amount for this year, with idea to convert the remaining 25% in December once I have a solid handle on investment income. I pay quarterly estimated taxes. I'd like to aggressively increase my Roth conversion amount this year. I will no...
by diy60
Sun Aug 18, 2019 2:29 pm
Forum: Investing - Theory, News & General
Topic: Rumor mill - Fidelity starting individual HSA's Nov. 15th [2018]
Replies: 1066
Views: 104877

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

I'm providing another data point for the TDA / HSA Bank setup. 2 business days to move cash from HSA Bank to TDA. Then submitted Fidelity online transfer request to transfer in kind from TDA to Fidelity; transfer was completed in 3 business days. 5 business days in toto. Looks like I got hit with $5...
by diy60
Thu Aug 15, 2019 1:13 pm
Forum: Investing - Theory, News & General
Topic: GE shares tank more than 13% after Madoff whistleblower calls it a ‘bigger fraud than Enron'
Replies: 101
Views: 11112

Re: GE shares tank more than 13% after Madoff whistleblower calls it a ‘bigger fraud than Enron'

nisiprius wrote:
Thu Aug 15, 2019 1:03 pm
whodidntante wrote:
Thu Aug 15, 2019 12:28 pm
...This is terrible news for Rick Ferri's hedge fund...
Does Rick Ferri run a hedge fund? Or did you mean to mention some other name?
Probably refers to the BH 2019 hedge fund contest where RF is currently long on GE.
by diy60
Mon Aug 12, 2019 5:26 pm
Forum: Personal Investments
Topic: Tax Q re: selling US Tres Zeros in Taxable Acc
Replies: 2
Views: 329

Tax Q re: selling US Tres Zeros in Taxable Acc

I would like to adjust my allocation in my taxable account to be a little bit more tax efficient (move some bond AA to tax deferred). I have some US treasuries Zeros with Nov and Dec '19 maturity dates with yield rates around 2.4% or so at maturity. Looking at them today if I sold now it looks like ...
by diy60
Thu Aug 08, 2019 10:46 am
Forum: Personal Consumer Issues
Topic: which stud finder?
Replies: 52
Views: 3260

Re: which stud finder?

brad nail and hammer works every time. wallpaper... Nail and hammer still works, just have to pre-plan so the nail holes are covered up by the object. Don't get me wrong, I have 2 stud finders ($15 & and $40), but I find myself confirming the stud position with a brad nail even after using the stud...
by diy60
Thu Aug 08, 2019 9:42 am
Forum: Investing - Theory, News & General
Topic: Is this right? "if you live off dividends, a crash in stocks prices doesn't matter"
Replies: 247
Views: 19361

Re: Is this right? "if you live off dividends, a crash in stocks prices doesn't matter"

If you held GM stock you got a nice dividend also until the day the dividend stopped and the shares became worthless pieces of paper delisted from the market. As I got closer to retirement I questioned my "total return" strategy vs using a "dividend income" strategy, until I inherited a file folder...
by diy60
Thu Aug 08, 2019 9:28 am
Forum: Personal Consumer Issues
Topic: which stud finder?
Replies: 52
Views: 3260

Re: which stud finder?

brad nail and hammer works every time.
by diy60
Thu Aug 08, 2019 9:25 am
Forum: Investing - Theory, News & General
Topic: Is this right? "if you live off dividends, a crash in stocks prices doesn't matter"
Replies: 247
Views: 19361

Re: Is this right? "if you live off dividends, a crash in stocks prices doesn't matter"

I'm a "total return" person, but to those that advocate "living off dividends" I'm curious why you all don't just ladder CDs and US Treasuries, Bonds, etc, get your 2% and call it a day. Isn't that the same thing as building a portfolio of dividend paying stocks but with less risk? Maybe I'm missing...
by diy60
Mon Jul 15, 2019 12:06 pm
Forum: Personal Finance (Not Investing)
Topic: Medigap vs Advantage: Which did you select?
Replies: 199
Views: 10650

Re: Medigap vs Advantage: Which did you select?

There was no alternative Advantage plan I liked so I went to a Medigap F plan. Now I wish I was in a Medigap G plan, but I have to undergo underwriting which I likely would not pass. Do you mind sharing what it is about the plan G that you would prefer over the plan F? Thanks. Some additional input...
by diy60
Thu Jul 11, 2019 11:45 am
Forum: Personal Investments
Topic: Not happy with one FA allocation: PBRIX
Replies: 37
Views: 2226

Re: Not happy with one FA allocation: PBRIX

Thank you all for your replies. I am going to print out the whole column and show it to my wife tonight to convince her that this is not a good path to take. Welcome to the forum. The above is a possible hurdle, don't expect to get on the same page in one night. After decades of managing our househ...
by diy60
Sun May 05, 2019 7:04 pm
Forum: Personal Finance (Not Investing)
Topic: Medigap Plans: Premiums or Rating Method?
Replies: 23
Views: 1604

Re: Medigap Plans: Premiums or Rating Method?

OP, insurance companies like to scare people. You didn't ask, but why are you considering Plan F? Search the threads on this forum, and you'll find several of them discussing why you shouldn't get plan F. Thanks, I can see how my post could be interpreted as asking about plan F, but my question was...
by diy60
Sun May 05, 2019 6:38 pm
Forum: Personal Finance (Not Investing)
Topic: Medigap Plans: Premiums or Rating Method?
Replies: 23
Views: 1604

Re: Medigap Plans: Premiums or Rating Method?

OP, insurance companies like to scare people. You didn't ask, but why are you considering Plan F? The only difference between Plan F and G is the $183 annual deductible in Plan G. In my neck of the woods, Plan G is about $30-$40 per month cheaper for the lowest plans, this means worse case in about ...
by diy60
Fri May 03, 2019 2:03 pm
Forum: Personal Investments
Topic: I tried to use Fidelity to buy a Treasury Bill today - did I do it correctly?
Replies: 32
Views: 2777

Re: I tried to use Fidelity to buy a Treasury Bill today - did I do it correctly?

Yes, and no. That CUSIP is available for auction but the original posting showed a bid/ask price. Auctions don't have those. It does appear that the CUSIP is being reopened, though. The original TBill can be purchased on the secondary market, and so it would have a bid/ask spread. The reopen is an ...
by diy60
Fri May 03, 2019 1:50 pm
Forum: Personal Investments
Topic: I tried to use Fidelity to buy a Treasury Bill today - did I do it correctly?
Replies: 32
Views: 2777

Re: I tried to use Fidelity to buy a Treasury Bill today - did I do it correctly?

...The maturity date is roughly 3 months from now, so this is the auction for the 3 month bill. No, this is not an auction. The bond was auctioned in February (settlement). This is a secondary market resale. The buyer gets the interest on the remaining term of the six month bond. EDIT: To be more c...
by diy60
Thu May 02, 2019 9:25 pm
Forum: Personal Investments
Topic: Opening an Account: Vanguard vs. Fidelity
Replies: 41
Views: 3676

Re: Opening an Account: Vanguard vs. Fidelity

You can't even exchange 90% of the value in dollars, the usual work-around in the 90's when I last encountered this problem. Fidelity doesn't make any of the sale proceeds available until the next day.) This is strange, I've utilized this work around multiple times over the last 3 years to untangle...
by diy60
Thu May 02, 2019 12:12 pm
Forum: Personal Investments
Topic: I tried to use Fidelity to buy a Treasury Bill today - did I do it correctly?
Replies: 32
Views: 2777

Re: I tried to use Fidelity to buy a Treasury Bill today - did I do it correctly?

I was trying to buy the 4 Week Bill. I actually looked on Tuesday 4/30 within Fidelity and there were no New Issue > Treasury > 4 Week Bills at that time. So that's why I waited until Thursday. Maybe I looked at the wrong time Tuesday. I can't find any documentation on the time of day this stuff go...
by diy60
Thu May 02, 2019 11:54 am
Forum: Personal Investments
Topic: I tried to use Fidelity to buy a Treasury Bill today - did I do it correctly?
Replies: 32
Views: 2777

Re: I tried to use Fidelity to buy a Treasury Bill today - did I do it correctly?

I also have been planning to buy my first Tbill at auction; have not done it yet. But I notice that at the moment (11:40 am on 5/2) the only treasuries shown at Fidelity to buy at auction are the ones that were "announced" on 5/1: 3 yr, 10 yr, and 30 yr. From the Treasury Direct website . . . . htt...
by diy60
Thu May 02, 2019 8:27 am
Forum: Personal Investments
Topic: Initial retirement investing in a record high stock market
Replies: 105
Views: 9118

Re: Initial retirement investing in a record high stock market

OP has a decent enough plan but it is already showing signs of failure. People attempt to DCA because they are struggling with the emotional hurdles of investing. DCA just prolongs that anguish and increases opportunities to deviate from the plan thru constant 2nd guessing. Best of luck.
by diy60
Tue Apr 30, 2019 7:51 am
Forum: Personal Investments
Topic: Breaking free from advisor!
Replies: 12
Views: 1232

Re: Breaking free from advisor!

OP, Vanguard, Fidelity, and Schwab are all good choices. Have your receiving custodian initiate the request using TIK (Transfer In Kind) and 100% of funds. There undoubtedly will be some assets that cannot TIK because that is what financial advisors do. You can determine this easily by calling your ...
by diy60
Mon Apr 29, 2019 10:21 pm
Forum: Personal Finance (Not Investing)
Topic: making the leap to online only banking-- updated reviews on Fidelity CMA or Schwab High Yield?
Replies: 25
Views: 2319

Re: making the leap to online only banking-- updated reviews on Fidelity CMA or Schwab High Yield?

If you go to online-only banking, do you have a plan for how you are going to get a medallion signature guarantee when you need one? Serious question, when have you ever needed a Medallion signature guarantee in recent times? I have a local brick and mortar bank that I've used the Medallion signatu...
by diy60
Sun Apr 28, 2019 10:11 am
Forum: Personal Finance (Not Investing)
Topic: Is ACH Billpay risky?
Replies: 47
Views: 4299

Re: Is ACH Billpay risky?

I have been doing ACH pulls for many years without a single problem, and have recurring pulls set up. But I also use my bank savings account as a place holder for several months worth of bills and transfer over the funds monthly to my checking account for the ACH transactions. My electric bill is th...
by diy60
Wed Apr 24, 2019 10:54 pm
Forum: Personal Finance (Not Investing)
Topic: Medigap - Can I Cancel and Get new policy during 6-month enrollment period?
Replies: 6
Views: 593

Re: Medigap - Can I Cancel and Get new policy during 6-month enrollment period?

In theory, a 65-yr old (or within 3 months of birthday) could play around with diff. Medigap insurers, buying, then cancelling, buying from another, cancel, rinse and repeat. And do this right up until the 11th hour (the day before it is 3 months past 65th birthday) But, who would be loony enough t...
by diy60
Wed Apr 24, 2019 10:02 pm
Forum: Personal Finance (Not Investing)
Topic: Medigap - Can I Cancel and Get new policy during 6-month enrollment period?
Replies: 6
Views: 593

Re: Medigap - Can I Cancel and Get new policy during 6-month enrollment period?

If I am understanding you correctly - You can stay on your retiree plan coverage indefinitely, you are not restricted to six months. The six month (actually it is 7 months, 3 months before your birthday, your birthday month, and the 3 months following) window you refer to is "open enrollment". So, ...
by diy60
Wed Apr 24, 2019 6:49 pm
Forum: Personal Finance (Not Investing)
Topic: Medigap - Can I Cancel and Get new policy during 6-month enrollment period?
Replies: 6
Views: 593

Medigap - Can I Cancel and Get new policy during 6-month enrollment period?

Spouse and I are retired and will be signing up for Medicare Part A and B soon, and intend to purchase a Medigap Plan G. MegaCorp offers retiree "non duplication" insurance. It's not great due to the high deductible, but does have accredited drug coverage and the total cost is competitive. We need a...