Search found 373 matches

by RetiredCSProf
Sat May 30, 2020 2:23 pm
Forum: Personal Consumer Issues
Topic: Car shopping PHEV / ICE / or all electric?
Replies: 73
Views: 5696

Re: Car shopping PHEV / ICE / or all electric?

Jack: Report on Subaru Crosstrek PHEV I think I need to re-title my subject "cars for short people." The AF recently dropped their height requirement that their pilots be at least 5'4" (why I didn't become an astronaut), but the car manufacturers have not yet gotten the message. I looked at the Suba...
by RetiredCSProf
Fri May 29, 2020 6:28 pm
Forum: Personal Finance (Not Investing)
Topic: Lease Buyout Negotiation
Replies: 9
Views: 734

Re: Lease Buyout Negotiation

Following ...
by RetiredCSProf
Thu May 28, 2020 8:35 pm
Forum: Personal Consumer Issues
Topic: Car shopping PHEV / ICE / or all electric?
Replies: 73
Views: 5696

Re: Car shopping PHEV / ICE / or all electric?

Feedback from our Tesla test drive. No showroom, so we were meeting in an underground parking garage. I was a little lost in the garage, looking for a "fleet" of cars. There were maybe four Teslas parked there. I didn't like the black interior on the Model 3 LR that we tried (too dark to find anythi...
by RetiredCSProf
Thu May 28, 2020 1:29 pm
Forum: Personal Consumer Issues
Topic: Car shopping PHEV / ICE / or all electric?
Replies: 73
Views: 5696

Re: Car shopping PHEV / ICE / or all electric?

Tesla: our test drive is scheduled for today; in the meantime, they called to say that there is a price cut. I read that this is partially to offset the loss of clean-air tax incentives. Or, it's intended to make purchase more competitive with auto manufacturers who are reducing their APR on financi...
by RetiredCSProf
Tue May 26, 2020 8:22 pm
Forum: Personal Consumer Issues
Topic: Car shopping PHEV / ICE / or all electric?
Replies: 73
Views: 5696

Re: Car shopping PHEV / ICE / or all electric?

4nursebee: I scheduled an appointment for my son and I to test drive (borrow) a TESLA Model 3 this week. Test drive is limited to 30 minutes. Tesla owners seem to be almost cult-like in their devotion to the brand; we'll see how it goes. I used to drive 8-10K miles a year. That dropped after I retir...
by RetiredCSProf
Mon May 25, 2020 5:15 pm
Forum: Personal Consumer Issues
Topic: Car shopping PHEV / ICE / or all electric?
Replies: 73
Views: 5696

Re: Car shopping PHEV / ICE / or all electric?

Math wizard: The Toyota Avalon hybrid sounds nice, but with a length of 195.9 inches, it won't easily fit into my garage, unless I leave open the garage door. My old Lexus, at 190 inches long, was a challenge -- I often had to get back into the car after parking into the garage in order to edge it f...
by RetiredCSProf
Sat May 23, 2020 4:44 pm
Forum: Personal Consumer Issues
Topic: Car shopping PHEV / ICE / or all electric?
Replies: 73
Views: 5696

Re: Car shopping PHEV / ICE / or all electric?

The dealer has a Mini Cooper EV in the showroom. My son sat it in and complained that the driver seat adjustment is manual. I don't know if there's an option for an electric seat. The 110-mile range would be a potential problem if it's our only car. A newer Cooper EV is available in Europe (with lon...
by RetiredCSProf
Fri May 22, 2020 10:28 pm
Forum: Personal Finance (Not Investing)
Topic: Financial advice for undertaking a PhD
Replies: 47
Views: 2894

Re: Financial advice for undertaking a PhD

Pursue a PhD if you want to study your field in depth, love doing research, and enjoy technical writing, not for a financial gain. Unless, of course, there is a job that you want that absolutely requires a PhD. My PhD in CS took eight years while I continued to work full or half-time. I was approach...
by RetiredCSProf
Fri May 22, 2020 8:39 pm
Forum: Personal Consumer Issues
Topic: Car shopping PHEV / ICE / or all electric?
Replies: 73
Views: 5696

Re: Car shopping PHEV / ICE / or all electric?

OP with more updates on my car shopping journey. Still undecided. I was able to look at and sit in (but no test drives) at the local BMW dealership, which also sells Minis and Volvos. If I were getting two cars (and money were no object), I would get a Mini for me and the Volvo S60 for my son. I am ...
by RetiredCSProf
Wed May 20, 2020 11:43 pm
Forum: Personal Finance (Not Investing)
Topic: What questions to ask when choosing attorney?
Replies: 27
Views: 2518

Re: What questions to ask when choosing attorney?

[OP here] Update. I hired the last attorney whom I interviewed. I knew she was the "right one" when she told me that she could negotiate a settlement over the phone, without having to go back to mediation or through a lengthy arbitration process. She helped me understand all my options; we reached a...
by RetiredCSProf
Tue May 19, 2020 9:29 pm
Forum: Personal Finance (Not Investing)
Topic: College in fall
Replies: 308
Views: 30244

Re: College in fall

I have a neighbor who teaches at a small private LAC (where I have also taught part-time). He says they are planning to be face-to-face in the fall, but have asked professors to prepare for a transition to online, if necessary, with only three days notice. Another neighbor has put in for retirement ...
by RetiredCSProf
Tue May 19, 2020 12:28 am
Forum: Personal Finance (Not Investing)
Topic: Any resources on Reduction in Force procedures for Federal Employees?
Replies: 14
Views: 1198

Re: Any resources on Reduction in Force procedures for Federal Employees?

As I recall, when the Govt closed a facility in Sacramento (maybe 30 years ago), Federal employees were given the option to transfer and relocate. Some employees left because they wanted to stay in the area. I think the Govt covered some relocation expenses. If an employee is let go in a RIF, then t...
by RetiredCSProf
Mon May 18, 2020 5:35 pm
Forum: Personal Finance (Not Investing)
Topic: College in fall
Replies: 308
Views: 30244

Re: College in fall

As a retired computer scientist and former part-time CS professor (taught compiler construction and operating systems), I'm tempted to jump into the discussion of a CS education, but we digress ... My son will be entering his senior year this fall at a Cal State (online classes). Instead of being in...
by RetiredCSProf
Wed May 13, 2020 11:27 am
Forum: Personal Finance (Not Investing)
Topic: College in fall
Replies: 308
Views: 30244

Re: College in fall

The CSUs are planning to make some exceptions to online classes in the Fall -- nursing students need to earn clinical hours as part of their training.
by RetiredCSProf
Wed May 13, 2020 12:40 am
Forum: Personal Consumer Issues
Topic: Car shopping PHEV / ICE / or all electric?
Replies: 73
Views: 5696

Re: Car shopping PHEV / ICE / or all electric?

OP here. Car dealerships in CA reopened on Friday. Update so far: - Chevy Bolt (EV) -- No -- I had to veto this model because the driver seat adjustment is manual -- very inconvenient for sharing the car with my son - Toyota RAV4 AWD Hybrid (Phev model is not yet available) -- maybe -- seat is comfo...
by RetiredCSProf
Tue May 12, 2020 10:01 pm
Forum: Personal Finance (Not Investing)
Topic: College in fall
Replies: 308
Views: 30244

Re: College in fall

Cal State Univ (all 23 campuses in California) announced today that all their classes in Fall 2020 will be online, rather than dealing with the challenges of ensuring social distancing on campus. This affects half a million undergraduates. My son will be starting his senior year at a CSU in the Fall...
by RetiredCSProf
Tue May 12, 2020 9:48 pm
Forum: Personal Finance (Not Investing)
Topic: Undoing your already-taken RMD for 2020
Replies: 117
Views: 7288

Re: Undoing your already-taken RMD for 2020

Thanks to BH's for letting me know about the timeline extension to July 15. I took an RMD from TRowe in early Feb, but timing was tight for the 60-day rollover. With the extension, TRowe is allowing me to re-invest the full RMD as a rollover back into my tIRA account. TRowe had no problem with it; i...
by RetiredCSProf
Thu May 07, 2020 11:32 pm
Forum: Personal Investments
Topic: Limit Roth Conversion by IRMAA or Tax Bracket?
Replies: 19
Views: 1200

Re: Limit Roth Conversion by IRMAA or Tax Bracket?

The IRS has provided relief from the 60-day deadline. The deadline for an RMD taken after February 1 has been moved back till July 15. So you have plenty of time to do a rollover, rollback, or Roth conversion. But I am not sure that TRowe is required to provide the relief. But you can certainly do ...
by RetiredCSProf
Thu May 07, 2020 10:56 pm
Forum: Personal Investments
Topic: Limit Roth Conversion by IRMAA or Tax Bracket?
Replies: 19
Views: 1200

Re: Limit Roth Conversion by IRMAA or Tax Bracket?

Sport: My MAGI from pension and SS alone is about $100K. The additional $6K is from an RMD that I took in early Feb 2020 before CARES Act. No cap gain and only small dividends expected in 2020. There is no way that I can fall below the 24% tax bracket. The 22% tax bracket is possible only if I marr...
by RetiredCSProf
Thu May 07, 2020 3:49 pm
Forum: Personal Investments
Topic: Limit Roth Conversion by IRMAA or Tax Bracket?
Replies: 19
Views: 1200

Re: Limit Roth Conversion by IRMAA or Tax Bracket?

OP here. Celia: My question is whether the limit of my Roth conversion should be driven by IRMAA cliff or better to just accept the extra IRMAA tax and convert up to the top of the 24% income tax bracket for this year. At the risk of market timing, it sounds like I should wait to see if the market w...
by RetiredCSProf
Thu May 07, 2020 11:53 am
Forum: Personal Investments
Topic: Limit Roth Conversion by IRMAA or Tax Bracket?
Replies: 19
Views: 1200

Re: Limit Roth Conversion by IRMAA or Tax Bracket?

IRMAA factor is annual, but always two years behind. That is, 2020 MAGI determines the 2022 Medicare premium; 2021 MAGI determines 2023 premium, and so on. IRMAA brackets are adjusted annually; one year I was surprised when an extra bracket was added :oops: I have already taken RMDs in 2018 and 2019...
by RetiredCSProf
Thu May 07, 2020 10:06 am
Forum: Personal Investments
Topic: Limit Roth Conversion by IRMAA or Tax Bracket?
Replies: 19
Views: 1200

Limit Roth Conversion by IRMAA or Tax Bracket?

I am 72, retired, and file as HoH. My MAGI for 2020 is expected to be $106K from pension, Soc Sec, etc. before making any Roth conversions. If I convert less than $30K to Roth this year, I can stay within my current IRMAA bracket and within a marginal income tax bracket of 24% federal (9.3% state). ...
by RetiredCSProf
Sat May 02, 2020 11:06 pm
Forum: Personal Investments
Topic: Question on how RMDs affect a spending plan in retirement.
Replies: 16
Views: 1198

Re: Question on how RMDs affect a spending plan in retirement.

My questions involve how RMDs will affect my game plan. I can see having to withdraw funds from my growth and aggressive growth funds during a peak market. I can use the cash to fund my online bank account or just save it there or within the brokerage account. However, in a bear market, can I withd...
by RetiredCSProf
Sat Apr 25, 2020 12:01 pm
Forum: Personal Consumer Issues
Topic: Finding a contractor
Replies: 10
Views: 813

Re: Finding a contractor

Check your state's contractor licensing authority (not the same as their incorporation license) to see if they have any disciplinary action taken against them. Also, as mine told me, all the names and addresses on the business license, insurance and state incorporation license must match. Beware of...
by RetiredCSProf
Sat Apr 25, 2020 11:45 am
Forum: Personal Consumer Issues
Topic: Car shopping PHEV / ICE / or all electric?
Replies: 73
Views: 5696

Re: Car shopping PHEV / ICE / or all electric?

Yes, the 110v outlet has been fine with the BMW PHEV, which has a 7 kwh capacity battery, but if I switch to an all-electric, such as Tesla, I may want to upgrade. I don't know if it's possible to do so.
by RetiredCSProf
Fri Apr 24, 2020 11:44 pm
Forum: Personal Consumer Issues
Topic: Car shopping PHEV / ICE / or all electric?
Replies: 73
Views: 5696

Re: Car shopping PHEV / ICE / or all electric?

Best money move is to probably by a Toyota Prius and drive it into the ground. Prius is not an option. Not enough ground clearance. It would scrape the top of my driveway. Someday, I'll move and have a different driveway, but not for another 2-3 years, at least. The driveway belongs to the HOA, so ...
by RetiredCSProf
Fri Apr 24, 2020 10:14 pm
Forum: Personal Consumer Issues
Topic: Car shopping PHEV / ICE / or all electric?
Replies: 73
Views: 5696

Re: Car shopping PHEV / ICE / or all electric?

You may want to consider extending your lease. I have a VW Passat coming off lease and there is no way to actually car shop In my area due to the Coronavirus restrictions. VW is offering to extend the lease up to 6 months at a reduced rate. Of course this is to their advantage, as their dealers can...
by RetiredCSProf
Fri Apr 24, 2020 10:10 pm
Forum: Personal Consumer Issues
Topic: Car shopping PHEV / ICE / or all electric?
Replies: 73
Views: 5696

Re: Car shopping PHEV / ICE / or all electric?

I don't think the technology on PHEVs is volving all that quickly - it's a transitional technology and the industry is moving toward full EVs, much as I like my Chevy Volt. The first-gen Volt was a brilliant demonstration of the advantages of PHEVs, and nothing much has changed in the decade since....
by RetiredCSProf
Fri Apr 24, 2020 10:03 pm
Forum: Personal Consumer Issues
Topic: Car shopping PHEV / ICE / or all electric?
Replies: 73
Views: 5696

Re: Car shopping PHEV / ICE / or all electric?

Lexus IS or if you need SUV an NX. I wouldn’t bother with hybrid or electric as a requirement if you’re driving so few miles. Fuel efficiency isn’t as significant and you’re nowhere near 100k in a decade. Choose the vehicle based on performance and features. Memory seats and mirrors are nice with m...
by RetiredCSProf
Thu Apr 23, 2020 11:08 pm
Forum: Personal Consumer Issues
Topic: Car shopping PHEV / ICE / or all electric?
Replies: 73
Views: 5696

Re: Car shopping PHEV / ICE / or all electric?

OP here with update on car shopping. I had just started looking at cars when the stay-at-home orders went into effect. Some dealerships will allow me to test drive a car; others not so. I'll respond to the options suggested: 1. Keep / return BMW 330E: As several posters mentioned, I have a high resi...
by RetiredCSProf
Mon Apr 20, 2020 10:12 pm
Forum: Personal Finance (Not Investing)
Topic: College in fall
Replies: 308
Views: 30244

Re: College in fall

My son will be entering his senior year at a Cal State Univ (CSU) in the fall. The Chancellor of the CSUs has said to plan for online classes for the Fall semester, as it is uncertain whether they will be able to hold face-to-face classes. My neighbor teaches at the same school that my son attends a...
by RetiredCSProf
Thu Apr 16, 2020 4:38 pm
Forum: Personal Finance (Not Investing)
Topic: Long Term Care Insurance
Replies: 159
Views: 4486

Re: Long Term Care Insurance

However, since you're both over 65 it'll be harder for you to get coverage right now. Due to COVID19 many long-term care insurers are refraining from insuring anyone over age 65. The insurance companies don't want to risk infecting the applicant when their nurse comes to the applicant's home to do ...
by RetiredCSProf
Tue Apr 14, 2020 10:44 pm
Forum: Personal Investments
Topic: roth conversion
Replies: 13
Views: 1156

Re: roth conversion

Along with tax brackets, you may also want to look at IRMAA brackets, which affect Medicare premiums.
by RetiredCSProf
Sun Apr 12, 2020 11:46 pm
Forum: Personal Finance (Not Investing)
Topic: Stimulus and College Student children - don't claim them as dependant?
Replies: 13
Views: 849

Re: Stimulus and College Student children - don't claim them as dependant?

Thanks. This clarifies responses I received to a similar post that I made: https://www.bogleheads.org/forum/viewtopic.php?f=2&t=310454 Then my son is not eligible for the stimulus check even if he files a separate return for 2019, and I do not claim him as a dependent on my 2019 return, simply becau...
by RetiredCSProf
Wed Apr 01, 2020 5:29 pm
Forum: Personal Finance (Not Investing)
Topic: CARES Act Stimulus Check for 24-year old student
Replies: 5
Views: 535

Re: CARES Act Stimulus Check for 24-year old student

ciscovp: Thanks. That helps. I think I am better off claiming him as a dependent on my 2019 return, so that I can qualify as HoH, instead of single, but I'll run the numbers to confirm.
by RetiredCSProf
Wed Apr 01, 2020 5:12 pm
Forum: Personal Finance (Not Investing)
Topic: CARES Act Stimulus Check for 24-year old student
Replies: 5
Views: 535

Re: CARES Act Stimulus Check for 24-year old student

[OP here] I do not qualify for the stimulus under my 2018 return. I may qualify for the stimulus tax credit under my 2020 return (not if I make Roth conversions this year). I understand that my son can file a separate return, even if he is a qualifying dependent or relative on my return, but he is n...
by RetiredCSProf
Wed Apr 01, 2020 4:44 pm
Forum: Personal Finance (Not Investing)
Topic: CARES Act Stimulus Check for 24-year old student
Replies: 5
Views: 535

CARES Act Stimulus Check for 24-year old student

My son turns 24 in 2020. He is a college student, lives at home (except when residing at school). I provide more than half his support. His gross income for 2019 was less than $4200, and I expect that it will be less than $4200 in 2020. I have not yet filed my 2019 tax return. I plan to file as Head...
by RetiredCSProf
Tue Mar 31, 2020 6:40 pm
Forum: Personal Finance (Not Investing)
Topic: College in fall
Replies: 308
Views: 30244

Re: College in fall

I'm not letting my kid sign a new apartment lease until we know for sure they're actually going to be on campus for class this fall. I'm already paying rent on their empty apartment (corporate landlord won't negotiate) through the summer. Fortunately we have a relative ~30 minutes from campus who h...
by RetiredCSProf
Mon Mar 30, 2020 10:20 pm
Forum: Personal Investments
Topic: QCDs RMDs and Roth Conversion
Replies: 13
Views: 986

Re: QCDs RMDs and Roth Conversion

When I called TRowe about rolling over the RMD withdrawn, they said that I could rollover the full amount, including the amount withheld for taxes; however, they needed 7-10 business days to receive my check and instructions, which would push it close to the 60-day rollover limit. I may be able to m...
by RetiredCSProf
Mon Mar 30, 2020 2:25 pm
Forum: Personal Finance (Not Investing)
Topic: Undoing your already-taken RMD for 2020
Replies: 117
Views: 7288

Re: Undoing your already-taken RMD for 2020

In calculating the 60 days for the rollover, you may need to add in 7-10 business days to allow for receipt of your check. On 5 Feb 2020, I withdrew $6K from my TRowe tIRA toward my RMD. To meet the 60-day time limit to rollover the $6K, they would need to receive a check and letter of instructions ...
by RetiredCSProf
Sun Mar 29, 2020 10:08 am
Forum: Personal Investments
Topic: RMDs at Zero, Convert to Roth?
Replies: 4
Views: 448

Re: RMDs at Zero, Convert to Roth?

Yes, RMDs at zero for 2020 means that you can Roth convert with dollar one of withdrawals from your tax-deferred accounts. Also, this gives "extra space" for Roth conversion. For example, if you had an RMD of $10K and had planned a Roth conversion of $20K, you can now convert $30K with the same tax ...
by RetiredCSProf
Sat Mar 28, 2020 9:37 am
Forum: Personal Investments
Topic: QCDs RMDs and Roth Conversion
Replies: 13
Views: 986

Re: QCDs RMDs and Roth Conversion

Following this, with the same / similar questions. I am 72. I have already taken some QCDs and a portion of my RMD for 2020. I took an RMD of $6000 in February 2020 and withheld half of that for taxes. 1. Do I need to finish taking QCDs for 2020 before performing a Roth conversion? 2. Can I "rollove...
by RetiredCSProf
Fri Mar 27, 2020 10:21 pm
Forum: Personal Investments
Topic: Swapping tIRA with Roth
Replies: 6
Views: 516

Re: Swapping tIRA with Roth

I am 72. I am NOT referring to the change in RMDs due to the SECURE Act. I am referring to the Cares Act, which was signed into law today, March 27, 2020
by RetiredCSProf
Fri Mar 27, 2020 9:13 pm
Forum: Personal Finance (Not Investing)
Topic: CA employee, over 65 in lockdown - 2 questions
Replies: 18
Views: 3004

Re: CA employee, over 65 in lockdown - 2 questions

1. I am in CA. Initially, the Governor issued a rule for 65 and over to stay at home. Within a day or two, the order was amended for "everyone" to stay home. Banks are considered an essential business and remain open.

2. I do not understand your question about Medicare.
by RetiredCSProf
Fri Mar 27, 2020 8:40 pm
Forum: Personal Investments
Topic: Swapping tIRA with Roth
Replies: 6
Views: 516

Re: Swapping tIRA with Roth

{OP here] It seems that my question about swapping is OBE due to passage of the 2020 Relief Fund and changes for taking RMDs in 2020. Almost did this swap on Monday, March 23 -- so maybe my analysis-paralysis turned out to be a good thing. To DavidJay: My marginal fed tax rate is 24% (HoH); state is...
by RetiredCSProf
Wed Mar 25, 2020 8:42 pm
Forum: Personal Investments
Topic: Medallion Signature guarantee, Notaries not accessible
Replies: 26
Views: 1562

Re: Medallion Signature guarantee, Notaries not accessible

Thanks, I finally did get through to someone at Fido. The question regarding the online QCD for "Reduced RMD Plan" refers to whether I have set up automatic RMD distributions, which I have not, so it automatically defaults to "no." I usually have QCD checks mailed to me first, but I wanted to send o...
by RetiredCSProf
Wed Mar 25, 2020 3:04 pm
Forum: Personal Investments
Topic: Medallion Signature guarantee, Notaries not accessible
Replies: 26
Views: 1562

Re: Medallion Signature guarantee, Notaries not accessible

Thanks for the info. I've been wondering how to take QCDs from Fido. They have a similar requirement. I usually bring the request into the local Fido office. You can make QCD donations from Vanguard by requesting a check on-line. Doesn't Fido have a similar capability? Thanks. I tried the Fido onli...
by RetiredCSProf
Tue Mar 24, 2020 12:42 pm
Forum: Personal Investments
Topic: Medallion Signature guarantee, Notaries not accessible
Replies: 26
Views: 1562

Re: Medallion Signature guarantee, Notaries not accessible

Thanks for the info. I've been wondering how to take QCDs from Fido. They have a similar requirement. I usually bring the request into the local Fido office.
by RetiredCSProf
Mon Mar 23, 2020 8:06 pm
Forum: Personal Finance (Not Investing)
Topic: What have you learned from this situation that you will take action on?
Replies: 158
Views: 14395

Re: What have you learned from this situation that you will take action on?

From an investing perspective, I have learned that I paid too little attention to the portion of my bonds invested in corporate. In my Fido account, I invested in the "short-term" bond fund, Thompson (THOPX). In TRowe, I invested in Short-Term Bond Fund (PRWBX). They are not equivalent. THOPX has be...