Search found 22 matches

by RetiredAL
Tue Nov 21, 2017 1:50 pm
Forum: Investing - Theory, News & General
Topic: recharacterization question
Replies: 2
Views: 264

Re: recharacterization question

Thank you user5027.
by RetiredAL
Mon Nov 20, 2017 11:33 pm
Forum: Investing - Theory, News & General
Topic: recharacterization question
Replies: 2
Views: 264

recharacterization question

I am planning on doing a tIRA to Roth Conversion in the next few weeks and have a recharacterization question for those that are familiar with the process details. Me: -Retired, aged 67, with little to no wage income expected in 2018. -I'm anticipating doing a $30,000 tIRA conversion to a Roth in De...
by RetiredAL
Thu Oct 19, 2017 7:15 pm
Forum: Personal Finance (Not Investing)
Topic: Grandparents want to give to grandkids
Replies: 33
Views: 3117

Re: Grandparents want to give to grandkids

This is an interesting thread. I fall on the side of posters who believe that the concern over grandchildren squandering the money is overblown, at least based on my experience. BigLaw, Like you, I too have been bothered by some of the comments on this thread. I am a parent of three whose grandpare...
by RetiredAL
Tue Oct 17, 2017 5:12 pm
Forum: Personal Consumer Issues
Topic: Calculating max electrical load of your home
Replies: 34
Views: 2206

Re: Calculating max electrical load of your home

TomCat, All houses built since WW2 have 120/240 3-wire 1-phase service. Two Hots and a Neutral. 120V is from either Hot to the Neutral. 240V is Hot to Hot. So, unless your house is ancient and never has been re-wired, your panel can provide either 120V or 240V. Yeah, years ago that was 110v/220V, bu...
by RetiredAL
Tue Oct 17, 2017 1:18 pm
Forum: Personal Consumer Issues
Topic: Calculating max electrical load of your home
Replies: 34
Views: 2206

Re: Calculating max electrical load of your home

Tomcat, If YOU want to do your own rough estimate of your current panel's capacity, do a Google search for NEC Load Calculation Worksheet . Unless you have added circuits yourself without permits, your main panel is likely adequate, as reserve capacity would likely been included when it was installe...
by RetiredAL
Fri Oct 13, 2017 8:19 pm
Forum: Personal Finance (Not Investing)
Topic: Rolling over 401K to Roth and Traditional IRA
Replies: 4
Views: 351

Re: Rolling over 401K to Roth and Traditional IRA

Just read the IRS document on rolling over 401K to Roth. My current 401K percent from from Fidelity is below: Basic before tax 35.87% Prior Com match 25.53% Sup before tax 14.89% Basic after Tax 10.36% Add sup before tax 5.56% Com match 4.65% sup after tax 3.14% My understanding is that I can roll ...
by RetiredAL
Thu Oct 12, 2017 5:26 pm
Forum: Personal Finance (Not Investing)
Topic: Circumstances in which a freeze needs to be lifted
Replies: 34
Views: 2587

Re: Circumstances in which a freeze needs to be lifted

Your current address is part of your identity so the credit agencies insist that you update your records with your current address. Your current address helps the agencies verify that a credit request is valid. If you apply for a new credit card after you move, would you put your old address or you...
by RetiredAL
Sun Oct 08, 2017 3:04 pm
Forum: Investing - Help with Personal Investments
Topic: Grandad gifted FAGIX in UTMA account
Replies: 16
Views: 1284

Re: Grandad gifted FAGIX in UTMA account

Along with the other fine responders, I agree with your tax harvesting thoughts relating to this existing gain. Going forward, I suggest harvesting gains up to the kiddie limits or any losses each year. When my parents did custodial accounts for my kids, no thought was given towards future taxation,...
by RetiredAL
Sun Sep 17, 2017 10:29 pm
Forum: Personal Finance (Not Investing)
Topic: Pocket money allowance for college student
Replies: 48
Views: 2816

Re: Pocket money allowance for college student

MoneyRat: Before my daughter went off to college a 1000 miles away 18 years ago, I got a her a joint CC at our bank with a few thousand limit, along with a checking account, which I made sure got paid while monitoring the expenses. A CC and Checking starts her credit/financial history, but most impo...
by RetiredAL
Sun Sep 17, 2017 1:35 pm
Forum: Personal Finance (Not Investing)
Topic: Breaches into Financial Accounts - Has it happened to you?
Replies: 2
Views: 814

Re: Breaches into Financial Accounts - Has it happened to you?

Since 4 days and near 500 reads have passed without a single "yes", I think I can conclude that actual intrusions into people's account's are a rare a occurrence. Thanks to all who read. And special thanks to Littlebird for the bump on Saturday. That was "Dad's" day to me, so I didn't even check BH....
by RetiredAL
Wed Sep 13, 2017 9:56 pm
Forum: Personal Consumer Issues
Topic: Another battery question
Replies: 25
Views: 2422

Re: Another battery question

1.5W works out to be about about 110ma, 1/10 of an amp. And that's assuming bright direct sunlight, which only happens for about 1/3 the day. I'd wager with modern car's, the "Always On" stuff, like your entry/alarm system and the Engine Computer in standby, will consume more power than that charger...
by RetiredAL
Wed Sep 13, 2017 8:00 pm
Forum: Personal Finance (Not Investing)
Topic: Breaches into Financial Accounts - Has it happened to you?
Replies: 2
Views: 814

Breaches into Financial Accounts - Has it happened to you?

Breaches into Financial Accounts - Has it happened to you? I am curious as to how often this happens. Who out there in Boglehead Land has had an ACTUAL BREACH to their personal or an immediate family member's Core Financial Accounts at a Bank, Brokerage, or Credit Union. By breach, I mean having Log...
by RetiredAL
Fri Sep 08, 2017 2:38 pm
Forum: Personal Finance (Not Investing)
Topic: On Medicare Part A & Spouse's corporate medical policy which ends 9/30/2017
Replies: 11
Views: 1007

Re: On Medicare Part A & Spouse's corporate medical policy which ends 9/30/2017

OP, Besides the Part B enrollment form, you will likely need to get and fill out a CMS-L564 form that your spouses employer also needs to fill out for proving you've both had employer coverage. Best to get that done with/before their retirement processing with their employer. If you want your Part B...
by RetiredAL
Mon Sep 04, 2017 5:10 pm
Forum: Personal Consumer Issues
Topic: Insulation in home question
Replies: 25
Views: 2157

Re: Insulation in home question

JMETS- Air leakage is a very significant factor in household heat loss. That said, making the house too tight can lead to "sick House" syndrome, thus many new sealed homes use forced air exchange with heat recovery. Do take care of significant gaps like door jams, windows, attic hatch/door, pipes th...
by RetiredAL
Thu Aug 10, 2017 5:23 pm
Forum: Personal Consumer Issues
Topic: foursquare laptop warranty for college bound daughter
Replies: 17
Views: 1163

Re: foursquare laptop warranty for college bound daughter

My experience: When my daughter went to Grad School 14 years ago, I bought her a Dell Laptop using a code-key for her college. Laptop was more than 2x what the OP paid, as she need higher grade video to effectively use GIS Mapping Software. I opt'd for the extended coverage from Dell for about $200....
by RetiredAL
Sun Aug 06, 2017 1:54 pm
Forum: Personal Consumer Issues
Topic: Credit Card company email "Do you recognize this purchase?"
Replies: 27
Views: 2525

Re: Credit Card company email "Do you recognize this purchase?"

I'm glad all worked out fine for the OP. Caution is ALWAYS the WORD for any email that is asks you to logon to fix/verify something. Just 4 days ago, my 93 yr old Dad received an email purportedly from Schwab stating that his moneylink transfer did you work due to an error and to go to this link, lo...
by RetiredAL
Sun Jul 16, 2017 1:31 pm
Forum: Investing - Help with Personal Investments
Topic: Transferred Roth from NWM to Fidelity, now what?
Replies: 14
Views: 991

Re: Transferred Roth from NWM to Fidelity, now what?

A Fidelity site search for "FIDELITY FREEDOM" will return a list of their target date funds.
by RetiredAL
Sat Jul 15, 2017 2:19 pm
Forum: Investing - Help with Personal Investments
Topic: Transferred Roth from NWM to Fidelity, now what?
Replies: 14
Views: 991

Re: Transferred Roth from NWM to Fidelity, now what?

ER=1.35% I'd dump it just because of this. Unlike Fidelity's and VG target-date funds, there are also significant buried ER's from the Funds which that Fund holds. A quick examination of a few of them indicates the underlying Funds have ER's of .7 to 1.2%, so figure the total ER is likely around 2....
by RetiredAL
Sat Jul 15, 2017 1:32 pm
Forum: Investing - Help with Personal Investments
Topic: Transferred Roth from NWM to Fidelity, now what?
Replies: 14
Views: 991

Re: Transferred Roth from NWM to Fidelity, now what?

RALAX = Russell Investments LifePoints Growth Strategy Fund Class A
ER=1.35%;
Front Load = 5.75%; No Back Load
M* Return Rating: Below Average
by RetiredAL
Sat Jul 08, 2017 12:50 am
Forum: Personal Consumer Issues
Topic: What is this cable device?
Replies: 53
Views: 3627

Re: What is this cable device?

OP, Your cable people installed a powered amplifier/splitter somewhere on your property, most likely where your house splitters are, maybe in a box on the side of your house where the cable enters from the street, or in your garage. Since it's unlikely to have power at that location, they install a ...
by RetiredAL
Wed Jul 05, 2017 6:24 pm
Forum: Personal Finance (Not Investing)
Topic: Saltatory decumulation as a tax strategy.
Replies: 19
Views: 2454

Re: Saltatory decumulation as a tax strategy.

VT, Based on what you've posted I'm concerned you may have crossed up your Gross Income (AGI ) vs Taxable Income concepts, . The top of the 15% bracket in round numbers for 2016 was 98K Gross Income ( AGI ). Taxable Income = 98K - 23K ( $15K Std Deduction + 8K Personal Exemptions ) = 75K Taxable Inc...
by RetiredAL
Mon Jul 03, 2017 2:11 pm
Forum: Investing - Theory, News & General
Topic: When Did You Start Investing Your Own Money?
Replies: 47
Views: 3469

Re: When Did You Start Investing Your Own Money?

Me: Late 28's ( late 1970's ) when PAYSOP was issued, then into 401K when that became available. Of course, I had Savings Bonds and Saving Accounts much earlier. Today, between me and DW, who was a stay at home Mom, its all worth enough that with just our SS, it replaces all of my take home pay usin...