You could look at it like that. I look at it as a possibility my portfolio may need to carry more of the load. Given how ultra conservative BH'rs seem to be, this should not be a problem for most on this board. I personally don't lose sleep over possible SS reductions, too many other things in life are more likely to derail any retirement planning.
Search found 971 matches
- Wed Mar 27, 2024 2:32 pm
- Forum: Personal Finance (Not Investing)
- Topic: Take Social Security Now?
- Replies: 47
- Views: 2334
Re: Take Social Security Now?
- Sat Mar 23, 2024 3:33 pm
- Forum: Personal Finance (Not Investing)
- Topic: MediGap Underwriting, Moving Up to Plan G: What Do the Insur Cos Evaluate?
- Replies: 16
- Views: 1332
Re: MediGap Underwriting, Moving Up to Plan G: What Do the Insur Cos Evaluate?
I have downloaded about 5 applications for Medigap policies and also participated in a phone application at UHC. Nowhere did they ask (nor during the phone application) if you had a changed medication. IMHO that would be absurd.twh wrote: ↑Sat Mar 23, 2024 11:41 am That's not entirely true. Almost all of the underwriting questionnaires want to know if you have new or changed medications, of any type, within the least two years and that become disqualifying. So, if your doctor switched you from from one beta blocker to another, for example, you would be excluded or rated poorly. Then, many ask more specific questions about diabetes, kidney disease and others which quickly become disqualifying.
- Sat Mar 23, 2024 7:11 am
- Forum: Personal Finance (Not Investing)
- Topic: MediGap Underwriting, Moving Up to Plan G: What Do the Insur Cos Evaluate?
- Replies: 16
- Views: 1332
Re: MediGap Underwriting, Moving Up to Plan G: What Do the Insur Cos Evaluate?
But say you are a generally healthy individual, non-smoker, only minor health issues. Maybe on a cholesterol reducing statin, etc. What exactly do they evaluate? What do they look for? What is the threshold(s) for risks that get you a rejection or a "higher than normal rate"? Anybody been through this? Know about this?"[/i][/b] OP, I am currently evaluating changing my Medigap provider because I'm in a dreaded "dead pool". I will need to go thru underwriting. I went thru the application process, up to just short of submitting the app. If you Google for Medigap Applications (such as Aetna, UHC, and a few others) you will see the entire application. There are 12 or 13 health questions that will result in denial if yo...
- Thu Mar 21, 2024 9:25 am
- Forum: Personal Finance (Not Investing)
- Topic: Medigappers: which plan do you have and why
- Replies: 89
- Views: 5022
Re: Medigappers: which plan do you have and why
Yep. We often see folks stating they get to change their selection every year, but they always fail to mention they are paying 2X to 3X for that privilege over what others pay. Over the span of their remaining lifetime it is probably a wash.
- Wed Mar 20, 2024 2:15 pm
- Forum: Personal Finance (Not Investing)
- Topic: Tax reporting interest income less than $10
- Replies: 11
- Views: 708
Re: Tax reporting interest income less than $10
My interest payment shows up as 2 lines on each monthly statement; monthly, and cumulative. If I didn't have that, I would simply make up some number based on annual interest rate times some best guess average balance. I certainly wouldn't give it more than about 30 seconds of my time.28fe6 wrote: ↑Wed Mar 20, 2024 1:55 pm My BOA statements do NOT show any YTD or year-end amounts. I find it hard to believe people really look through 12 months of statements to find all interest deposits and manually add them up...out of what could be thousands of transactions. Is there a better way?
- Mon Mar 18, 2024 1:48 pm
- Forum: Personal Finance (Not Investing)
- Topic: Online Social Security application [question]
- Replies: 19
- Views: 1656
Re: Online Social Security application [question]
You have filed correctly. The check comes the following month and provides her with the full age 70 benefit. The SSA issues checks a month behind, so your benefits should start arriving the month after the month you turned 70. For example, if you were born July 17, you should ask that your benefits start in July and your first check will come in August. Cheers Based on the snip you provided, I'm reading the OP filed incorrectly. OP stated wife's birthday is in June, so she should have requested the benefits to start in June, with the first payment in July. However OP said they requested the benefits to begin in July, which would result in the first payment in August. Maybe I'm just not fully understanding the system that well, but I will b...
- Mon Mar 18, 2024 7:36 am
- Forum: Personal Finance (Not Investing)
- Topic: IRS rollout of Login.Gov: any updates?
- Replies: 28
- Views: 4310
Re: IRS rollout of Login.Gov: any updates?
Did you have to do anything special to use your login gov on the EFTPS site? I have a login gov account from my Global Entry days and I wanted to give it a try elsewhere. Just wanted to double check before I do something stupid and lock up an account. Thanks.
- Sun Mar 17, 2024 9:34 pm
- Forum: Personal Investments
- Topic: Can I recover from backdoor Roth IRA conversion error?
- Replies: 4
- Views: 663
Re: Can I recover from backdoor Roth IRA conversion error?
OP, all Roth conversions are subject to pro-rata rule. It’s having a balance of $0 on 12/31 that works optimally to your advantage. Please review form 8606, lines 10 and 11.
- Sun Mar 17, 2024 1:18 pm
- Forum: Personal Consumer Issues
- Topic: How to fix sewer back up?
- Replies: 28
- Views: 1893
Re: How to fix sewer back up?
Find somebody to run a camera all the way to the City main. Could be any number of things, but tree roots come to mind. We have tree roots so bad on our street the City has put the main on a 3 year program for foaming. Our neighbor woke up to 3 foot of sewage in their basement, lucky for us we are on higher ground.
Also, forget suing, seems to be a std. response among BH'rs. Good luck.
Also, forget suing, seems to be a std. response among BH'rs. Good luck.
- Sun Mar 17, 2024 10:48 am
- Forum: Personal Investments
- Topic: Back door Roth questions
- Replies: 22
- Views: 1448
Re: Back door Roth questions
Your correct for online options, but calling might be an option. I closed an old Trad IRA account at Fidelity and they converted the $0.03 for me.
- Sun Mar 17, 2024 10:23 am
- Forum: Personal Consumer Issues
- Topic: Surprise! Wellcare part D free drugs. And I paid DiRx. Refund?
- Replies: 18
- Views: 1736
Re: Surprise! Wellcare part D free drugs. And I paid DiRx. Refund?
Spouse uses Wellcare and maintenance drugs like statins and others are $0, been like this for a few years now. Maybe you can get a refund.
- Sat Mar 16, 2024 1:52 pm
- Forum: Personal Investments
- Topic: Undoing non-deductible IRA
- Replies: 17
- Views: 1147
Re: Undoing non-deductible IRA
That is what I did. Both spouse and I had some basis in each of our Trad IRAs. After we retired we converted both of our Trad IRAs to zero over a period of 5 to 7 years. Our remaining tax deferred is in my 401K. Develop a multi-year plan and be patient, it'll work out.
- Sat Mar 16, 2024 10:03 am
- Forum: Personal Finance (Not Investing)
- Topic: “Bellys” on sewer scope for new house
- Replies: 41
- Views: 2549
Re: “Bellys” on sewer scope for new house
OP, negotiate a concession on the price, but don't be surprised if they tell you no. Regarding an AC unit, my 45 year old unit is still running strong, though not efficient by any stretch. Bellies in the sewer line are extremely common, it would depend on the severity if it needs to be addressed. If I was the seller I might offer an overall reduction of a couple k, but other than that I would move on to the next prospective buyer.
- Fri Mar 15, 2024 3:36 pm
- Forum: Investing - Theory, News & General
- Topic: Bonuses from Brokerages tax implications
- Replies: 19
- Views: 1247
Re: Bonuses from Brokerages tax implications
Hi BMAC thanks for the response... I received a bonus for moving my Roth from Vanguard to Schwab last year. I received no tax documents. I also received a bonus for moving our brokerage account. That showed up as taxable interest on our consolidated statement. Just to be clear....you received the bonus IN the Roth account???? I mean this sounds awesome....I'm just trying to wrap my head around it and given all the IRS rules around retirement accounts I just want to make sure I don't end up fined or something. Can any CPA's explain this? Wait until you see how much I put in my Roth from my Schwab Amex cash back. hmm, you got me wondering if my Fidelity Visa cashback can be directed to Roth. Currently I have it directed to my taxable account...
- Fri Mar 15, 2024 3:26 pm
- Forum: Investing - Theory, News & General
- Topic: Bonuses from Brokerages tax implications
- Replies: 19
- Views: 1247
Re: Bonuses from Brokerages tax implications
OP, there are hundreds of posts on this forum answering your questions. As others have mentioned, the bonuses are treated as interest. So for Trad IRAs and Roth IRAs that's a nice bonus since you don't need to have any earned income (retired). For taxable accounts you will receive a 1099-INT. Good luck.
- Fri Mar 15, 2024 3:03 pm
- Forum: Personal Finance (Not Investing)
- Topic: Travel Medical Insurance for Europe Trip
- Replies: 16
- Views: 1467
Re: Travel Medical Insurance for Europe Trip
I've used both Tripinsurancestore and Squaremouth, but prefer the former because they boil down all of the different plans to about 6 or so preferred plans. We don't typically prepay anything for our vacations, so we just purchase medical only and as primary, and limit to I think about $100K. Most US travelers tend to over purchase travel medical insurance because they base the limit on US costs and not the foreign costs. I think my last trip I paid about $120 for a couple, but don't remember for sure.
- Fri Mar 15, 2024 2:51 pm
- Forum: Personal Consumer Issues
- Topic: Identity theft or something to ignore?
- Replies: 18
- Views: 1212
Re: Identity theft or something to ignore?
Not really identity theft, email could have been incorrectly keyed in. Mark the email as spam and don't give it another thought.
- Wed Mar 13, 2024 8:35 am
- Forum: Personal Consumer Issues
- Topic: Microsoft Office 2021 for Home
- Replies: 47
- Views: 3509
Re: Microsoft Office 2021 for Home
I purchased MS Office Home & Student from Costco for somewhere around $75 on a Black Friday deal. Costco and Amazon routinely have this version on sale, though the sale prices seem to hover around $100.
- Tue Mar 12, 2024 7:22 pm
- Forum: Investing - Theory, News & General
- Topic: Any investors from the 1981 - 1984 time period here???
- Replies: 36
- Views: 4417
Re: Any investors from the 1981 - 1984 time period here???
Wow, what a trip down memory lane. I started in 1980, always looking forward to the Forbes Honor Roll, which I think came out every August. I Invested in Nicholas Fund, Janus Fund, Twentieth Century Growth, and Fidelity Magellan. You had to either call or write to these companies to get a prospectus and application, and your accounts were held directly by each fund company.
I also had a brokerage account. You had to trade in blocks of 100 shares, and a buy and sell would cost well over $200 for the round trip. DRIPs were the only cost effective way to reinvest dividends.
I also had a brokerage account. You had to trade in blocks of 100 shares, and a buy and sell would cost well over $200 for the round trip. DRIPs were the only cost effective way to reinvest dividends.
- Tue Mar 12, 2024 6:57 pm
- Forum: Investing - Theory, News & General
- Topic: ReadOnly Accounts and trading with Advisors
- Replies: 11
- Views: 1268
Re: Advisory Accounts
Yes there is. I was in a read only platform for a short time, and I suspect most AUM advisor accounts are read only. It means the advisor is the only person able to make trades or withdrawals on your behalf. The only thing the account owner can do online is "read only" the accounts and related activity.
- Tue Mar 12, 2024 10:11 am
- Forum: Personal Investments
- Topic: Rollover IRA has commingled pre & post tax funds - What are my options?
- Replies: 8
- Views: 903
Re: Rollover IRA has commingled pre & post tax funds - What are my options?
OP, be aware this is Plan dependent. My Megacorp plan used the archaic term "Conduit IRA", required it to contain only rolled over funds (no contributions comingled), and the IRA had be "seasoned" at least 2 years. So as mentioned, check with your Plan and see if they accept incoming rollovers, and just as importantly check if they have any restrictions related to such rollover. Good luck.
- Sun Mar 10, 2024 1:05 pm
- Forum: Personal Investments
- Topic: Backdoor IRA with an existing Roth?
- Replies: 12
- Views: 1135
Re: Backdoor IRA with an existing Roth?
Hi, can I ask a quick question building on this? I think I got the answer in one of the responses above, but just to be sure. I'm also trying to set up a backdoor for the first time. 1. I've rolled all of my existing rollover and traditional IRAs into current employer plans to avoid tax implications. 2. I HAVE an existing Roth IRA. 3. I'm creating a new traditional IRA for the initial contribution. 4. When I roll "backdoor" into the Roth, can I roll into the EXISTING Roth, or does it have to be a new Roth account that would then live next to the existing Roth? Sorry if this is a dumb question, just don't want to get hit with some tax bill later. Thanks. As a side note, be sure to convert the entire amount in the Trad IRA. If you ...
- Sat Mar 09, 2024 8:40 am
- Forum: Personal Consumer Issues
- Topic: How could I have known dental claim would be denied?
- Replies: 43
- Views: 4593
Re: How could I have known dental claim would be denied?
OP, prior to the procedure did you ask the dentist for an estimate? My experience with dental insurance is it is mostly a joke. While working I got dental insurance thru work for like $1/month. Now that I'm retired I don't waste my time with this insurance. My current dentist is great and offers discounts to retirees, cash paying patients, and to those in need. He has always provided me with an estimate prior to any procedure.
- Sat Mar 09, 2024 7:27 am
- Forum: Personal Finance (Not Investing)
- Topic: [Impacted by] pro-rata rule when doing backdoor-Roth a few months ago, any possibility to reverse it?
- Replies: 50
- Views: 4306
Re: Fidelity misinformed me about pro-rata rule when doing backdoor-Roth a few months ago, any possibility to reverse it
OP, there are several statements in your post that leads me to believe you have some general misunderstandings. - Who initiated the rollover from your former 401K to Fidelity? No way Fidelity did this out of thin air. - Moving funds from a 401K to a Trad IRA blows up the backdoor Roth strategy. You know that, right? - You mentioned you will be taxed "again" on the contribution. You are never taxed again as long as you document the non-deductable (basis) on form 8606. - You mentioned your Trad IRA balance was $0 in Sept, 2023. Two issues, 1) Dec 31, each year is what matters, 2) All of your Trad IRAs and SEPs are treated as one. - No custodian would have any clue on the tax status of your contributions, that falls on the account ow...
- Fri Mar 08, 2024 6:06 pm
- Forum: Personal Finance (Not Investing)
- Topic: Your Original Medicare OR Advantage Experience: Nightmare or Sublime?
- Replies: 156
- Views: 10606
Re: Your Original Medicare OR Advantage Experience: Nightmare or Sublime?
Spouse and I have been on OM with Supplemental about 5 years, probably about $70k in bad luck non-threatening procedures. Other than the OOP annual deductible we have not incurred any billing issues or costs, but we don't fret or meddle with the billing and it just works itself out.
Our location is great for OM as well as MA, but location location location is definitely a major factor.
Our location is great for OM as well as MA, but location location location is definitely a major factor.
- Fri Mar 08, 2024 10:43 am
- Forum: Personal Investments
- Topic: what to do with I Bonds
- Replies: 24
- Views: 3060
Re: what to do with I Bonds
OP, I had about twice as much in I-bonds and I sold everything. I'm retired and continue to strive towards simplicity. Also, IMHO, the tax deferred benefits of I-bonds are overblown, particularly for low $ amounts.
- Fri Mar 08, 2024 10:25 am
- Forum: Investing - Theory, News & General
- Topic: Minimum TIPS lot size at Fidelity?
- Replies: 15
- Views: 1818
Re: Minimum TIPS lot size at Fidelity?
OP, did you actually attempt to purchase 1 qty or is this info you saw on the depth of book window? I've found most times I am able to purchase small lots regardless what is indicated in the depth of book. Good luck.
- Fri Mar 08, 2024 10:20 am
- Forum: Personal Investments
- Topic: Roth Conversion better in market downturn?
- Replies: 20
- Views: 1899
Re: Roth Conversion better in market downturn?
This is a non-issue. Convert via Transfer-in-kind (TIK) and there is no lag. I've probably done 50 of these conversions in last 7 to 8 years.
- Thu Mar 07, 2024 2:09 pm
- Forum: Personal Consumer Issues
- Topic: AARP/UHC Medigap policies
- Replies: 40
- Views: 3331
Re: AARP/UHC Medigap policies
As far as plans, at least now in my zip code AARP/UHC is providing 2 tiers of coverage in their G and N plans - one with perks and one without. AARP/UHC has been rolling out the 2nd lower tier (less perks) in multiple states. In my state AARP/UHC has 40% of the Medicare Supplement business. I was seriously considering MOO but their NJ base is small and I've read that they close plans and open the same plan under their subsidiary in the same location and their participants in the original plan suffer huge price increases. Avoid MOO at any cost. I'm in the middle of changing my supplement plan from MOO to most likely AARP/UHC, but I need to go thru underwriting. Most people in reasonable health can pass underwriting and I'm hoping it goes sm...
- Thu Mar 07, 2024 10:55 am
- Forum: Personal Investments
- Topic: Out of room in tax advantaged accounts. Now what?
- Replies: 7
- Views: 1695
Re: Out of room in tax advantaged accounts. Now what?
I'm not the OP, but I interpreted their post to mean they have max'd out their deferred space with all bonds. The question is since they are considering Roth conversions, do they use taxable space for maintaining their asset allocation (in lieu of Roth space). I have the same issue and use both taxable and Roth to hold some of the bond portion. I don't know if that is optimum, but I think that is the OP's question. Maybe they'll chime back in.
- Wed Mar 06, 2024 1:27 pm
- Forum: Personal Finance (Not Investing)
- Topic: Using withholding on Roth conversion instead of estimated tax payment
- Replies: 86
- Views: 6042
- Wed Mar 06, 2024 11:05 am
- Forum: Personal Consumer Issues
- Topic: AARP/UHC Medigap policies
- Replies: 40
- Views: 3331
Re: AARP/UHC Medigap policies
The 2023 and 2024 rates have been an exception. Higher. For 2023 (for G), I got a 9.7% increase. They increased their rates by 7% across the board in Michigan, then tacked on a territory surcharge for my section of the state (2 other territories got a reduction in that surcharge). For 2024, they just announced a 12.56% increase (both G and N) . They posted a high loss ratio last year. I don't have a data source for this, but while researching changing my Medigap plan I recall reading articles claiming high increases are common throughout the US due to post covid. Insurances companies are getting slammed by elective procedures and surgeries' that were put off 2020 - 2021. I know from personal experience I had 2 elective procedures that I my...
- Tue Mar 05, 2024 3:01 pm
- Forum: Personal Consumer Issues
- Topic: What to do if I am subpoenaed as a witness but I have overseas travel plans
- Replies: 28
- Views: 4154
- Tue Mar 05, 2024 11:41 am
- Forum: Personal Finance (Not Investing)
- Topic: 10% Penalty on earning from excess Roth IRA contribution?
- Replies: 28
- Views: 1799
Re: 10% Penalty on earning from excess Roth IRA contribution?
Long time user of HRB here. My experience with HRB is any overrides will prohibited e-filing. I didn't read any of this thread, but I ended up "tricking" the software by answering the questions in a way that produced the desired result. Maybe delete the form in question and then manually add the form and fill in as required. Again, apologies, I didn't read any of this thread. Good luck.EagertoLearnMore wrote: ↑Tue Mar 05, 2024 11:00 am I am concerned that the return may not be accepted by the IRS when I try to e-file because of the 2 overrides. That is why I contacted HR Block regarding the software bug. I don't mind using the forms instead of the interview, but I want the overrides to be accepted.
- Sun Mar 03, 2024 9:11 am
- Forum: Personal Finance (Not Investing)
- Topic: Roth conversion during retirement question
- Replies: 51
- Views: 5848
Re: Roth conversion during retirement question
I think the average for the first 15 years is something like 5%, so 6K seems reasonable. But then again, I just use pencil and paper so I'm good with close enough.RCL wrote: ↑Sat Mar 02, 2024 7:21 pmSeemed kind of high to me, but I suppose it matters what table you would use for your situation.anthonyphamy wrote: ↑Sat Mar 02, 2024 5:29 pmDoes it seem to high or low to you? That's what the RMD calculator resulted.
What divisor number did you use?
I think you are correct if age 80-81
- Fri Mar 01, 2024 10:21 am
- Forum: Personal Consumer Issues
- Topic: Want to leave timeshare.
- Replies: 111
- Views: 12266
Re: Want to leave timeshare.
[I had to step in here and laugh at the above. First of all, no sane, knowledgeable timeshare buyer would ever pay, on the resale market, $15K for an Orlando timeshare property. Sorry, but I'm going to respectfully take issue with this statement. I know you didn't mean this but it implies any timeshare owners who enjoys or can justify their purchase are sane, therefore unsatisfied customers must be insane. My family member had mental health issues unbeknownst to much of the family. The timeshare purchases were just a tip of the iceberg that surfaced after their death. To be fair, I don't know if their timeshares were deeded (the most common back in the day) or leased (the so called Club timeshares). It is however common knowledge timeshare...
- Wed Feb 28, 2024 10:31 am
- Forum: Personal Consumer Issues
- Topic: Want to leave timeshare.
- Replies: 111
- Views: 12266
Re: Want to leave timeshare.
Don't walk away, address the issue head on unless you want your heirs to spit on your grave. Pay the $1,500, it's a bargain based on what I've seen my family members endure. Good luck.splitatlantic wrote: ↑Wed Feb 28, 2024 8:13 am Thanks for your responses. I read through previous conversations about gifting it and gifting is not a logical solution. I will look at the Timeshare Users groups but am leaning towards paying the fee.
Noticed no one suggested just walking away. We are retired and don't think we'll ever need to use our credit score for anything but it would leave a gray cloud over our heads. So just pay and walk away without regrets.
- Wed Feb 28, 2024 9:09 am
- Forum: Personal Consumer Issues
- Topic: Blocking callers on Iphone
- Replies: 22
- Views: 2194
Re: Blocking callers on Iphone
I am at my wits end. For the past several months I have been getting multiple calls daily wanting to send me new updated benefits provided by Medicare. I know these are scams and once you provide your medicare number its off to the races. My Iphone allows me to block future calls by the calling number. So far I must have blocked over 150 phone numbers but they still come up with new numbers to call me on. I am just curious, how can a scam artist come up with so many new phone numbers? Also, I am sure other Bogleheads have had this experience. Have you come up with a way to stop these irritating calls? If so let me know how. In the beginning I use to speak with these callers and I would let them know they are the rodents of the earth and us...
- Wed Feb 28, 2024 9:02 am
- Forum: Personal Consumer Issues
- Topic: Want to leave timeshare.
- Replies: 111
- Views: 12266
Re: Want to leave timeshare.
Yeah, it's an incredible racket. I don't pretend to know all the details but based on my conversations with my family member the problem is the contract liability (usually yearly maintenance fees) falls back onto the estate if no one steps up to accept the inherited timeshare. From my understanding is was impossible for my family member to settle the estate until the liability was addressed. The one that took the longest was from one of big name timeshares (I won't name it).
- Wed Feb 28, 2024 8:54 am
- Forum: Personal Consumer Issues
- Topic: Want to leave timeshare.
- Replies: 111
- Views: 12266
Re: Want to leave timeshare.
Thanks for your responses. I read through previous conversations about gifting it and gifting is not a logical solution. I will look at the Timeshare Users groups but am leaning towards paying the fee. Noticed no one suggested just walking away. We are retired and don't think we'll ever need to use our credit score for anything but it would leave a gray cloud over our heads. So just pay and walk away without regrets. Walking away could be frustrating for whomever deals with your estate. This. A family member inherited 4 timeshares after a death in the family. Even though they declined the inheritance, it took well over 3 years and about $5K in legal fees to get out from under and close the estate. I don't know all of the details but I do k...
- Mon Feb 26, 2024 7:08 pm
- Forum: Personal Finance (Not Investing)
- Topic: Mega Backdoor Roth Issues
- Replies: 24
- Views: 2561
Re: Mega Backdoor Roth Issues
There is indeed a pro-rata rule at play, but it applies only within the after-tax subaccount. If you distribute only a portion of the balance, then the distribution is prorated between (after-tax) contributions and earnings. This should not be relevant to the OP. It would matter more to someone who previously had a large after-tax balance with significant earnings, who then wanted to do a mega backdoor. That could not be done without incurring tax on some part of the earnings. That's not quite accurate either as the law allows and most plans permit split distributions with the aftertax going to a roth ira and the pretax to traditional so no tax due. I'm not the person you responded to, but based on my experience ssel's comment is correct. ...
- Mon Feb 26, 2024 11:18 am
- Forum: Personal Finance (Not Investing)
- Topic: "Accrued Market Discount" using TurboTax
- Replies: 7
- Views: 1286
Re: "Accrued Market Discount" using TurboTax
I had the similar problem as you, and typically I key in the data since I can usually lump everything into "various-s" and "various-l". After playing around with the inputs, I decided to delete all of my entries and just download the data. Downloading fixed the issue, I haven't gone back to see what inputs or answers caused the problem, but you may want to try downloading the data from Vanguard and see if you get the correct answer. Good luck.
- Sun Feb 25, 2024 8:01 pm
- Forum: Personal Finance (Not Investing)
- Topic: Underpayment Penalties IRA to ROTH Conversion
- Replies: 49
- Views: 4373
- Sat Feb 24, 2024 9:52 am
- Forum: Personal Finance (Not Investing)
- Topic: SS benefits - apply online, BUT still must go in to office [UPDATE]
- Replies: 23
- Views: 2501
Re: SS benefits - apply online, BUT still must go in to office
My local SS office is a disgrace, but you can go to any office. My last visit I traveled 30mins to a different SS office and it was like night and day.
- Sat Feb 24, 2024 9:45 am
- Forum: Personal Investments
- Topic: Heavy Value Tilt Away from Mag 7 stocks
- Replies: 221
- Views: 14189
Re: Heavy Value Tilt Away from Mag 7 stocks
Not necessarily. I suspect many that read this forum, myself included, are actually BINOs, we're just not as vocal. Good luck.smartinvestor2020 wrote: ↑Sat Feb 24, 2024 9:19 am I have experienced that in order to be a boglehead, you must follow ALL the rules. If I disagree with even one rule, I am not a boglehead.
- Sat Feb 24, 2024 7:49 am
- Forum: Personal Investments
- Topic: Heavy Value Tilt Away from Mag 7 stocks
- Replies: 221
- Views: 14189
Re: Heavy Value Tilt Away from Mag 7 stocks
I've been investing for 45+ years, that statement has been around longer than I can remember. But there is some truth to it, I made a counter move in 3/2023 and that position is up 500%. Difference for me is it's my play money. My simpleton belief is value funds do well when the market is declining or in recession but underperform otherwise. Why not just ride the champion horses in the race, why ride the laggards. I do heavily tilt 50% of my equities to lg. cap growth so I'm biased towards technology advancements and the US in general. Good luck with your market timing.smartinvestor2020 wrote: ↑Fri Feb 23, 2024 9:02 pmBe fearful when others are greedy, and greedy when others are fearful.
- Sat Feb 24, 2024 7:26 am
- Forum: Personal Investments
- Topic: Roth to traditional IRA recharacterization - is it not allowed?
- Replies: 7
- Views: 1274
Re: Roth to traditional IRA recharacterization - is it not allowed?
No, they have different rules. To your question, recharacterizations of contributions are allowed, recharacterizations of conversions are not.greenhornInvestor wrote: ↑Fri Feb 23, 2024 10:27 pm Is a Roth contribution not the same as a Roth conversion?
- Sat Feb 24, 2024 7:17 am
- Forum: Personal Investments
- Topic: Understanding Backdoor Roth IRA
- Replies: 14
- Views: 1649
Re: Understanding Backdoor Roth IRA
Thanks for this! I have not contributed for 2023 or 2024 to an IRA yet and I have no other IRAs other than my existing Roth, so my plan should be to: 1. Open a traditional IRA and contribute $6,500 for 2023 and $7,000 for 2024 and then immediately convert $13,500 to a Roth IRA? 2. And then make sure that I don't roll over anything into any type of IRA for the remainder of year 2024? Assuming this is the most efficient strategy, a couple other questions: 1. Assuming I never have another IRA other than the existing Roth IRA's and don't roll over anything into an IRA as you mentioned above, I should plan to open a traditional IRA and contribute after tax dollars and convert immediately to a Roth IRA every year right? 2. Can I merge Roth IRA's...
- Fri Feb 23, 2024 4:08 pm
- Forum: Personal Finance (Not Investing)
- Topic: Windshield Chip - Insurance claim or Self Fund
- Replies: 61
- Views: 5715
Re: Windshield Chip - Insurance claim or Self Fund
This is exactly what happened to me. My tree fell on the neighbor's shed. Not knowing any better, I called the insurance carrier and presto I had a $0 claim on my CLUE report. I discovered this only when shopping for insurance a few years later; most companies required me to be underwritten because I had 2 claims (1 claim plus the $0 claim) within 7 years. So I filed a request to CLUE to remove the $0 claim, which was actually taken care of very promptly (less than 30 days).
- Fri Feb 23, 2024 3:48 pm
- Forum: Personal Finance (Not Investing)
- Topic: Debit card vs. credit card at the ATM
- Replies: 11
- Views: 1342
Re: Debit card vs. credit card at the ATM
I accidently tried to use my CC to withdraw cash instead of my ATM debit card while recently vacationing in EU. They are the exact same color and look nearly identical on first glance. The machine kept rejecting the card after entering my PIN. I went to another bank ATM and realized my mistake. By dumb luck, the PINs on my CC and ATM card are different. So I second the suggestion to have different PINs set up. I don't even know what my pin is on my CC.