Search found 3566 matches

by Sandtrap
Thu Feb 22, 2018 1:30 am
Forum: Personal Finance (Not Investing)
Topic: Need Help Understanding 2017 ACA Insurance Bill for $28,690 and tax liabilities? Confused? Help?
Replies: 71
Views: 3068

Re: Need Help Understanding 2017 ACA Insurance Bill for $28,690 and tax liabilities? Confused? Help?

If I am understanding it right, in the worst case scenario for OP when they dont find any legal methods to reduce the AGI: OP would have paid $3058 per month for 12 months as premiums = $36K odd OP has paid around 20K as health insurance expenses (copays and deductibles and what not) For a grand to...
by Sandtrap
Thu Feb 22, 2018 1:28 am
Forum: Personal Finance (Not Investing)
Topic: Need Help Understanding 2017 ACA Insurance Bill for $28,690 and tax liabilities? Confused? Help?
Replies: 71
Views: 3068

Re: Need Help Understanding 2017 ACA Insurance Bill for $28,690 and tax liabilities? Confused? Help?

Welcome to the ACA subsidy cliff Sandtrap. You should be able to lower your income with IRA contribution as long as you have earned income. Best of luck, Dan Thanks, Dan. Always look forward to your input. Unfortunately, I think that 2018's income is going to be several times the size of the cliff ...
by Sandtrap
Thu Feb 22, 2018 1:26 am
Forum: Personal Finance (Not Investing)
Topic: Need Help Understanding 2017 ACA Insurance Bill for $28,690 and tax liabilities? Confused? Help?
Replies: 71
Views: 3068

Re: Need Help Understanding 2017 ACA Insurance Bill for $28,690 and tax liabilities? Confused? Help?

A few other thoughts that *might* help for 2018, though they aren't very big levers... 1) You could buy 1 year CDs for your fixed income which only pay interest at end of term (some, but not all 1-yr CDs work this way). That moves the interest into 2019. 2) You could sell bond funds which have a ca...
by Sandtrap
Wed Feb 21, 2018 10:51 pm
Forum: Personal Consumer Issues
Topic: How Secure Is Your Apartment
Replies: 7
Views: 794

Re: How Secure Is Your Apartment

So after winter ends and the weather improves we're hoping to finally move DW to a nursing home in Texas to be near her daughter, grandchildren and great grandchildren. The plan is to sell the house, and I'll take an apartment near the new nursing home. I've never lived in an apartment before, so I...
by Sandtrap
Wed Feb 21, 2018 1:35 pm
Forum: Personal Finance (Not Investing)
Topic: Need Help Understanding 2017 ACA Insurance Bill for $28,690 and tax liabilities? Confused? Help?
Replies: 71
Views: 3068

Re: Need Help Understanding 2017 ACA Insurance Bill for $28,690 and tax liabilities? Confused? Help?

Sandtrap, Do you still live in Hawaii part time? I know the FPL is considerably higher there, it looks like you'd qualify for a subsidy up to $74,680 MAGI according to healthcare.gov which might be enough. Not sure if there's an angle you can play there. If not look into a Bronze HSA plan for next ...
by Sandtrap
Wed Feb 21, 2018 11:29 am
Forum: Personal Finance (Not Investing)
Topic: Need Help Understanding 2017 ACA Insurance Bill for $28,690 and tax liabilities? Confused? Help?
Replies: 71
Views: 3068

Re: Need Help Understanding 2017 ACA Insurance Bill for $28,690 and tax liabilities? Confused? Help?

lightning wrote:
Wed Feb 21, 2018 11:28 am
I don't believe that you can deduct an IRA contribution with no earned income. So excess IRA contribution wont help. You could fill out the tax form incorrectly, I suppose, but no tax software is going to do that.
I'm using TurboTax.

thanks,
j :D
by Sandtrap
Wed Feb 21, 2018 10:58 am
Forum: Personal Finance (Not Investing)
Topic: Need Help Understanding 2017 ACA Insurance Bill for $28,690 and tax liabilities? Confused? Help?
Replies: 71
Views: 3068

Re: Need Help Understanding 2017 ACA Insurance Bill for $28,690 and tax liabilities? Confused? Help?

Gifts do not change your AGI nor your MAGI. If you do not have any earned income, the only other remaining possibility to reduce your AGI and MAGI would be contributing to a Health Savings Account (HSA). You have until April 17 to contribute up to $7,750 to an HSA if you are qualified. You wrote th...
by Sandtrap
Wed Feb 21, 2018 10:53 am
Forum: Personal Consumer Issues
Topic: What Book Are You Currently Reading? Part VI
Replies: 2850
Views: 894195

Re: What Book Are You Currently Reading? Part VI

"A Higher Call" .....One of the most inspiring books I ever read. An incredible true story about a American and German pilot during WWII December, 1943: A badly damaged American bomber struggles to fly over wartime Germany. At the controls is twenty-one-year-old Second Lieutenant Charlie Brown. Hal...
by Sandtrap
Wed Feb 21, 2018 10:35 am
Forum: Personal Consumer Issues
Topic: What Book Are You Currently Reading? Part VI
Replies: 2850
Views: 894195

Re: What Book Are You Currently Reading? Part VI

Just finished, "Game of Thorns" by Doug Wead
Covers the Clinton/Trump 2016 campaigns.
by Sandtrap
Wed Feb 21, 2018 10:31 am
Forum: Investing - Help with Personal Investments
Topic: Tiny Windfall But Big Help
Replies: 9
Views: 955

Re: Tiny Windfall But Big Help

Car Loan.
Avoid future debt.
j :D
by Sandtrap
Wed Feb 21, 2018 10:30 am
Forum: Personal Finance (Not Investing)
Topic: Giving up on first home
Replies: 34
Views: 2563

Re: Giving up on first home

Buyer's Remorse Analysis Paralysis otherwise known as. . . "Freaking Out". Relax. . trust in your good judgement up to this point and prior to the purchase. Once you are moved into your new home and sitting on the porch it will all be worth it. Enjoy the thought that you can never be kicked out of y...
by Sandtrap
Wed Feb 21, 2018 10:21 am
Forum: Personal Finance (Not Investing)
Topic: Need Help Understanding 2017 ACA Insurance Bill for $28,690 and tax liabilities? Confused? Help?
Replies: 71
Views: 3068

Re: Need Help Understanding 2017 ACA Insurance Bill for $28,690 and tax liabilities? Confused? Help?

Taxable earned income includes: Wages, salaries, tips, and other taxable employee pay; Union strike benefits; Long-term disability benefits received prior to minimum retirement age; Net earnings from self-employment if: You own or operate a business or a farm or You are a minister or member of a re...
by Sandtrap
Wed Feb 21, 2018 2:12 am
Forum: Personal Finance (Not Investing)
Topic: Need Help Understanding 2017 ACA Insurance Bill for $28,690 and tax liabilities? Confused? Help?
Replies: 71
Views: 3068

Re: Need Help Understanding 2017 ACA Insurance Bill for $28,690 and tax liabilities? Confused? Help?

Maybe you could contribute to an IRA or other last minute changes that would lower your AGI for last year Would it be possible to contribute $5500 (i think this is the annual maximum) for DW and $5500 for myself which would lower the AGI $11000 which might help me squeak by under that ACA limit? Wo...
by Sandtrap
Wed Feb 21, 2018 1:58 am
Forum: Personal Finance (Not Investing)
Topic: Need Help Understanding 2017 ACA Insurance Bill for $28,690 and tax liabilities? Confused? Help?
Replies: 71
Views: 3068

Re: Need Help Understanding 2017 ACA Insurance Bill for $28,690 and tax liabilities? Confused? Help?

Maybe you could contribute to an IRA or other last minute changes that would lower your AGI for last year Would it be possible to contribute $5500 (i think this is the annual maximum) for DW and $5500 for myself which would lower the AGI $11000 which might help me squeak by under that ACA limit? Wo...
by Sandtrap
Wed Feb 21, 2018 1:40 am
Forum: Personal Finance (Not Investing)
Topic: Need Help Understanding 2017 ACA Insurance Bill for $28,690 and tax liabilities? Confused? Help?
Replies: 71
Views: 3068

Re: Need Help Understanding 2017 ACA Insurance Bill for $28,690 and tax liabilities? Confused? Help?

Maybe you could contribute to an IRA or other last minute changes that would lower your AGI for last year Would it be possible to contribute $5500 (i think this is the annual maximum) for DW and $5500 for myself which would lower the AGI $11000 which might help me squeak by under that ACA limit? Wo...
by Sandtrap
Tue Feb 20, 2018 11:42 pm
Forum: Personal Finance (Not Investing)
Topic: Need Help Understanding 2017 ACA Insurance Bill for $28,690 and tax liabilities? Confused? Help?
Replies: 71
Views: 3068

Need Help Understanding 2017 ACA Insurance Bill for $28,690 and tax liabilities? Confused? Help?

Couple: Age 64 Residence: Arizona Medical Insurance: ACA - Blue Cross Blue Shield of Arizona (only one available) "Silver Plan" Monthly payment with ACA "subsidy" $484 Monthly payment if without ACA "subsidy" $3,053.28 Medical Bills for 2017: less than $20,000 (if no medical insurance). Due to a qui...
by Sandtrap
Tue Feb 20, 2018 11:01 pm
Forum: Personal Consumer Issues
Topic: OTC supplements without huge bottles?
Replies: 7
Views: 376

Re: OTC supplements without huge bottles?

This is a first-world problem, literally. I am preparing to leave for 18 months, serving a full-time mission for my church in Southeast Asia. We are not allowed to ship any medications including supplements, because the local post office will either not deliver or charge a bribe. Some of them do no...
by Sandtrap
Tue Feb 20, 2018 9:26 pm
Forum: Personal Consumer Issues
Topic: Golf Bag
Replies: 21
Views: 1291

Re: Golf Bag

Another vote for Sun Mountain. 2.5, 3.5 or 4.5 depending on your desired weight. I went from a Ping Hoofer 14 this past season as there are not full length dividers for all the slots and club tangle finally got to me and I sold it and went with the SM 4.5. Lots of info over at golfwrx. +1 Full leng...
by Sandtrap
Tue Feb 20, 2018 9:24 pm
Forum: Personal Finance (Not Investing)
Topic: What's your cash position
Replies: 82
Views: 6632

Re: What's your cash position

Maxed a couple rewards checking accounts for cash. $20k earning 4.6% interest in one account, $10k earning 3% in another. Better than what I can do with bonds and I don't risk the bond fund dropping in value and selling it at a loss whenever I need the money. That's incredible! I was not aware that...
by Sandtrap
Tue Feb 20, 2018 9:15 pm
Forum: Personal Finance (Not Investing)
Topic: House rewiring - cost of copper
Replies: 29
Views: 1878

Re: House rewiring - cost of copper

Minimum. Written estimates from at least 3 reputable licensed, insured, bonded electrical contractors. All bidding on the same work to be done and same materials used. Permits. Progress payments then up to substantial completion, 10% for completion of punch list and "certificate of occupancy" if it'...
by Sandtrap
Tue Feb 20, 2018 5:51 pm
Forum: Personal Finance (Not Investing)
Topic: What's your cash position
Replies: 82
Views: 6632

Re: What's your cash position

Being retired and living off of my savings, I carry quite a lot of cash [ (money market and short term CDs) about 2 years+ worth of normal distributions from savings for spending]. That is for safety reasons to protect me during several years of market downturns. I also have short term bond funds a...
by Sandtrap
Tue Feb 20, 2018 10:28 am
Forum: Personal Consumer Issues
Topic: Golf Bag
Replies: 21
Views: 1291

Re: Golf Bag

I've had a quiver golf bag for years but want to upgrade to a stand bag. Anyone have any recommendations for durable, lightweight and cheap stand bag? Thanks Sun Mountain has several of various weights. Quality and price are oustanding. Ogio's are a bit heavier but fancier. The Ping Hoofer is inter...
by Sandtrap
Tue Feb 20, 2018 10:20 am
Forum: Investing - Help with Personal Investments
Topic: Where to put 6 months of living expenses(emergency fund) ?
Replies: 18
Views: 2132

Re: Where to put 6 months of living expenses(emergency fund) ?

In general, the priority for "emergency funds" is preservation of principal.
That means, high yield accounts, MM, CD's, etc.
Emergency Fund Wiki
https://www.bogleheads.org/wiki/Emergency_fund
j :D
by Sandtrap
Tue Feb 20, 2018 10:17 am
Forum: Investing - Theory, News & General
Topic: Sequence of returns risk while accumulating
Replies: 65
Views: 3734

Re: Sequence of returns risk while accumulating

Outstanding write-up. Thanks for the hard work to post it. Indeed, SRR is a valid concern for anyone no matter what stage of life. But still, all the more devastating to those in the "retirement red zone" (60+) where the combination of ill health, limited or no employment options, and other maladies...
by Sandtrap
Tue Feb 20, 2018 10:06 am
Forum: Investing - Theory, News & General
Topic: Staying Motivated: How do you ward off hopelessness?
Replies: 44
Views: 4743

Re: Staying Motivated: How do you ward off hopelessness?

Bogleheads....A question for this group. 1 How do you deal with 'flagging motivation', or a sense that your financial goal is insurmountable, and cannot be achieved? 2 Or dealing with the feeling that no matter how hard you try, it might be hopeless? 3 What have you done to get you through those di...
by Sandtrap
Mon Feb 19, 2018 8:16 pm
Forum: Personal Consumer Issues
Topic: Is window replacement this expensive?
Replies: 27
Views: 2293

Re: Is window replacement this expensive?

There can be large differences in the price to replace a window depending on the outside finish of the home (stucco, horizontal lap siding, etc, etc), accessibility, and so forth. And, level of completion. IE: repainting trim, etc.
Of course, new construction is always easier.
mahalo,
j :D
by Sandtrap
Mon Feb 19, 2018 4:30 pm
Forum: Personal Finance (Not Investing)
Topic: Emergency costs
Replies: 22
Views: 1331

Re: Emergency costs

Another way of looking at it is imagine not being able to work for 1 year...2.... for any reason.
The costs can be computed in direct loss of income.
J🌺
by Sandtrap
Mon Feb 19, 2018 4:23 pm
Forum: Investing - Help with Personal Investments
Topic: Late 20's female looking for some advice towards financial independence
Replies: 31
Views: 3722

Re: Late 20's female looking for some advice towards financial independence

A roommate would leave you less vulnerable than moving in with the other couple. You hold the lease in your place. You are in control.
J🌺
by Sandtrap
Mon Feb 19, 2018 12:16 pm
Forum: Investing - Theory, News & General
Topic: What seems to matter
Replies: 21
Views: 2709

Re: What seems to matter

oldcomputerguy wrote:
Mon Feb 19, 2018 7:45 am
I might add: Don't mess with it. Studies have shown that, the more one "diddles" with their holdings (i.e. buying and selling), the more drag on their returns.
+1
No "Diddling"
No "Vacillating"
j :D
by Sandtrap
Mon Feb 19, 2018 12:12 pm
Forum: Investing - Help with Personal Investments
Topic: Portfolio Advice
Replies: 2
Views: 235

Re: Portfolio Advice

Welcome
Here's the format. You can edit your original post.
Asking Portfolio Questions
https://www.bogleheads.org/forum/viewt ... =1&t=6212
thanks
j :D
by Sandtrap
Mon Feb 19, 2018 11:21 am
Forum: Personal Finance (Not Investing)
Topic: First offer on a house...gut check
Replies: 16
Views: 2341

Re: First offer on a house...gut check

Some things to consider: Do you have alternative income stream options? How quickly after the home purchase would you be able to build up a substantial emergency fund? How stable are the employment positions? What if Job loss #1, #2? Things look good on the purchase. It's going forward that must fit...
by Sandtrap
Mon Feb 19, 2018 11:11 am
Forum: Personal Finance (Not Investing)
Topic: condo rental and emotional support animals issues
Replies: 24
Views: 2858

Re: condo rental and emotional support animals issues

I think it´s pretty clear you cannot charge more for having an ESA or charge a higher deposit. This article recommends charging a higher deposit for everyone. Charging a higher deposit just for someone with an ESA is likely to be viewed as housing discrimination. http://www.latimes.com/business/rea...
by Sandtrap
Mon Feb 19, 2018 11:06 am
Forum: Personal Finance (Not Investing)
Topic: condo rental and emotional support animals issues
Replies: 24
Views: 2858

Re: condo rental and emotional support animals issues

"btenny" is on target. The only thing you can do is charge more for the deposit and or fees regarding pets and service animals. You can make the size of that fee "any size you want". Again, "any size you want". The ESA and related issues are much like the ADA when it first came on the rental market...
by Sandtrap
Mon Feb 19, 2018 11:03 am
Forum: Personal Consumer Issues
Topic: Cooling an Upstairs Bedroom
Replies: 9
Views: 1054

Re: Cooling an Upstairs Bedroom

Can you put in a mini-split ductless ac? we have the http://www.fujitsugeneral.com/us/products/split/index.html I have not had success with the snorkel type acs, they heated the house more then they cooled. This is true. One thing that really helps is the type of heat exhaust duct. A metal flex duc...
by Sandtrap
Mon Feb 19, 2018 11:00 am
Forum: Investing - Help with Personal Investments
Topic: Why not tax-exempt bonds?
Replies: 23
Views: 2320

Re: Why not tax-exempt bonds?

Thanks all. I guess I need to calculate my tax bracket. Also, come Monday, I will call the Vanguard CFP back and ask about his reasoning. I think it's useful to calculate a live example that fits your situation...maybe like below. My numbers are a month or two old... I use TTM, Trailing Twelve Mont...
by Sandtrap
Sun Feb 18, 2018 11:19 pm
Forum: Personal Consumer Issues
Topic: Cooling an Upstairs Bedroom
Replies: 9
Views: 1054

Re: Cooling an Upstairs Bedroom

There are portable in the room units that exhaust heat through a hose and adapter that fits into the windows. They are on wheels. They are a bit loud, better one's are quieter. They will cool the room. I have had tenants use them with good results on units where "in window" AC units were not allowed...
by Sandtrap
Sun Feb 18, 2018 11:14 pm
Forum: Personal Finance (Not Investing)
Topic: condo rental and emotional support animals issues
Replies: 24
Views: 2858

Re: condo rental and emotional support animals issues

"btenny" is on target.
In this "age of litigation and consumer sensitivity", businesses have to walk a fine line.
The other big big hassle for landlords that have arrived on the scene are "bed bugs".
Good luck.
j :D
by Sandtrap
Sun Feb 18, 2018 11:06 pm
Forum: Personal Finance (Not Investing)
Topic: I think we can swing this! ($1M retirement home)
Replies: 27
Views: 3265

Re: I think we can swing this! ($1M retirement home)

Congratulations on your successes and having a well thought out plan.
You earned it. :sharebeer
Let us know when you buy the new home.
mahalo,
j :D
by Sandtrap
Sun Feb 18, 2018 11:03 pm
Forum: Personal Finance (Not Investing)
Topic: What has been your most important skill in achieving financial independence?
Replies: 164
Views: 10581

Re: What has been your most important skill in achieving financial independence?

Health. Take care of yourself the best you can. Plan and invest in your body and mind. All this financial investment stuff is of lower value if you’re dealing with poor health. This is very true indeed. The older I get the more I appreciate this. +1 And, with each "health episode", true "life" prio...
by Sandtrap
Sun Feb 18, 2018 11:00 pm
Forum: Personal Finance (Not Investing)
Topic: What has been your most important skill in achieving financial independence?
Replies: 164
Views: 10581

Re: What has been your most important skill in achieving financial independence?

It is 95% luck, 5% skill. We are all very fortunate people, and it is a mistake to think we got here because we “deserve” it. Born in most over world locations with the same heart/mind/soul/body it wouldn’t happen. Never think you are special. I agree that luck plays an important role. I strongly d...
by Sandtrap
Sun Feb 18, 2018 3:13 pm
Forum: Personal Consumer Issues
Topic: Bogleheads with $100K+ MSRP cars?
Replies: 84
Views: 7856

Re: Bogleheads with $100K+ MSRP cars?

I used to have a backhoe that was almost that much, and an excavator that was pretty pricey.
They are a blast to "drive" but go very very slow.
j :D
by Sandtrap
Sun Feb 18, 2018 12:49 pm
Forum: Investing - Help with Personal Investments
Topic: Newbie here [Where to invest inheritance?]
Replies: 5
Views: 418

Re: Newbie here [Where to invest inheritance?]

GETTING STARTED https://www.bogleheads.org/wiki/Getting_started Asking Portfolio Questions https://www.bogleheads.org/forum/viewtopic.php?f=1&t=6212 Bogle Philosophy https://www.bogleheads.org/wiki/Bogleheads®_investment_philosophy Free Reading: "If You Can" by Bernstein https://www.google.com/url?s...
by Sandtrap
Sun Feb 18, 2018 12:25 pm
Forum: Local Chapters and Bogleheads Community
Topic: Your USER NAME...what does it mean?
Replies: 400
Views: 38793

Re: Your USER NAME...what does it mean?

I play golf from the red tees! 8-) +1 Palmer encouraged golfers to play to their own game by using the appropriate tees. Red Tees are called, "Senior Tees". j :D ....oops.....my bad. I'm still a neophyte at the game of golf. Didn't know the color of the tee had a designation. :oops: My reference wa...
by Sandtrap
Sun Feb 18, 2018 10:44 am
Forum: Personal Consumer Issues
Topic: Scottsdale, AZ - 2 day business trip
Replies: 23
Views: 1619

Re: Scottsdale, AZ - 2 day business trip

I always take people to downtown Old Town Scottsdale for a tour and a walk around the Civic Center Mall area and City Hall and the art Museum and the love sign and the nice park there. See below. Then we drive through the shops and art galleries and the clubs and restaurants in the 5th avenue area ...
by Sandtrap
Sun Feb 18, 2018 10:32 am
Forum: Personal Consumer Issues
Topic: Question for music experts about musical keys
Replies: 91
Views: 4908

Re: Question for music experts about musical keys

Regarding session musicians.... I have tried a number of times to learn to read music. I am ok on single notes, but once the notes are stacked to create chords, I slow to a crawl. That is why learning to play the bass last year was enjoyable...reading the music rather than tablature was somewhat an...
by Sandtrap
Sun Feb 18, 2018 10:25 am
Forum: Personal Consumer Issues
Topic: Question for music experts about musical keys
Replies: 91
Views: 4908

Re: Question for music experts about musical keys

PM "jazztonight" for some tips.
A pro.

mahalo,
j :D
by Sandtrap
Sun Feb 18, 2018 10:22 am
Forum: Investing - Help with Personal Investments
Topic: Why not tax-exempt bonds?
Replies: 23
Views: 2320

Re: Why not tax-exempt bonds?

I posted this not too long ago: Intermediate Term Tax Exempt: What Proportion: When. https://www.bogleheads.org/forum/viewtopic.php?f=1&t=237928&hilit=tax+exempt I adjust the percentage in taxable between Total Bond and Tax Exempt according to what bracket I land in. Right now it's 50/50 but will se...
by Sandtrap
Sun Feb 18, 2018 10:14 am
Forum: Local Chapters and Bogleheads Community
Topic: Your USER NAME...what does it mean?
Replies: 400
Views: 38793

Re: Your USER NAME...what does it mean?

Redtees wrote:
Sat Feb 17, 2018 7:43 pm
I play golf from the red tees! 8-)
+1
Palmer encouraged golfers to play to their own game by using the appropriate tees.
Red Tees are called, "Senior Tees".
j :D