Search found 237 matches

by FrankLUSMC
Thu Jan 14, 2021 12:48 pm
Forum: Personal Finance (Not Investing)
Topic: Our experience with a healthcare sharing ministry
Replies: 104
Views: 6364

Re: Our experience with a healthcare sharing ministry

Aside from the fact that there is no contractual guarantees, these plans probably work OK for most healthy people. It does so by shifting more of the burden to the rest of society. These good people of faith will reject any expenses (and maybe even applicants) related to pre-existing conditions. Th...
by FrankLUSMC
Tue Jan 12, 2021 7:42 am
Forum: Personal Finance (Not Investing)
Topic: Post when you have received various tax forms
Replies: 21
Views: 1802

Re: Post when you have received various tax forms

Eagle33 wrote: Tue Jan 12, 2021 12:46 am Vanguard 1099-R received 1/11/21.
+1 available on-line
by FrankLUSMC
Thu Jan 07, 2021 4:55 pm
Forum: Investing - Theory, News & General
Topic: TurboTax updated for EIP2 payment today
Replies: 1
Views: 329

TurboTax updated for EIP2 payment today

Just updated my TT and found Rcovery rebat Credit line 19 for EIP2 amount. Just FYI
by FrankLUSMC
Thu Dec 31, 2020 11:20 am
Forum: Investing - Theory, News & General
Topic: [Where are you investing your "play" money?]
Replies: 64
Views: 6726

Re: sexy money

whodidntante wrote: Wed Dec 30, 2020 8:42 pm Before the end of the world, I would play live poker.
In order for this to qualify as "sexy" it would have to be strip poker/money with some lookers of the opposite gender. :sharebeer
by FrankLUSMC
Thu Dec 31, 2020 6:26 am
Forum: Investing - Theory, News & General
Topic: $1200 stimulus to drop into my account 01/04/21
Replies: 71
Views: 9779

Re: $1200 stimulus to drop into my account 01/04/21

Rainier wrote: Thu Dec 31, 2020 5:54 am Mine showed up last night.

Any idea why my phased out payment is down to the penny?
+1 from my bank line item, mine is
Dec 31, 2020 IRS TREAS 310 T Uncategorized $1,102.30
by FrankLUSMC
Tue Dec 29, 2020 3:31 pm
Forum: Personal Finance (Not Investing)
Topic: What did you spend in 2020?
Replies: 204
Views: 12654

Re: What did you spend in 2020?

This year I spent considerable amount of time to track my expenses since 2014 (using mint.com) and overall my spending went down a little bit in 2020, although some categories increased significantly while others were down [ select all Category 2014 2015 2016 2017 2018 2019 2020 Auto &Transport...
by FrankLUSMC
Tue Dec 29, 2020 6:32 am
Forum: Personal Investments
Topic: Tax Gain Harvest - 0% Fed but 6% State
Replies: 15
Views: 930

Re: Tax Gain Harvest - 0% Fed but 6% State

Hi Bogleheads, I have a quick question: do you guys think it's a good idea to tax gain harvest in taxable account if you are in the 0% capital gains tax bracket at the federal level, but have to pay 6% at the state level? Let's say I have $6,000 in gains, that would be $360 at the state level. Is i...
by FrankLUSMC
Tue Dec 29, 2020 6:25 am
Forum: Personal Finance (Not Investing)
Topic: How to provide IRS with banking info
Replies: 12
Views: 1417

Re: How to provide IRS with banking info

I've been using turbotax since 1985 or so. TT has my bank info for receiving refunds. Both State and Federal refunds get deposited within 7 days now. I received the 2400 stimulus (wife and I) on Feb. 14 and expect this 600/1200 within 7 days. You got the first stimulus a month before the pandemic? ...
by FrankLUSMC
Mon Dec 28, 2020 4:14 pm
Forum: Personal Finance (Not Investing)
Topic: Keep universal life insurance policy?
Replies: 17
Views: 887

Re: Keep universal life insurance policy?

This is from Forbes, a great illustration of why a loan should NOT be taken from a Life Policy: How to Monitor a Life Insurance Policy Loan The insurance company will not require you to pay back the loan balance. Nor do they provide any loan repayment schedule. You have the option each year to pay l...
by FrankLUSMC
Mon Dec 28, 2020 9:12 am
Forum: Personal Finance (Not Investing)
Topic: How to provide IRS with banking info
Replies: 12
Views: 1417

Re: How to provide IRS with banking info

I've been using turbotax since 1985 or so. TT has my bank info for receiving refunds. Both State and Federal refunds get deposited within 7 days now.
I received the 2400 stimulus (wife and I) on Feb. 14 and expect this 600/1200 within 7 days.
by FrankLUSMC
Wed Dec 16, 2020 1:40 pm
Forum: Personal Investments
Topic: Seeking Advice on best H & W Roth Conversion strategy
Replies: 24
Views: 1781

Re: Seeking Advice on best H & W Roth Conversion strategy

It sounds like you are currently paying state income taxes. Some states don't tax portions of retirement accounts (401K, TIRA and pensions). You may want to visit this. My state SC gives a per person $3000 deduction (under 65, but 15K each once 65+) on retirement income (Roth conversion). So I want ...
by FrankLUSMC
Sat Dec 05, 2020 4:40 pm
Forum: US Chapters
Topic: Roll Call for the Retirement Class of 2020!
Replies: 303
Views: 38961

Re: Roll Call for the Retirement Class of 2020!

I'm a little late to this threaded roll call.

My wife Maria actually retired on Jan.4, 2020 at age 61.5 She is 62 now(June birthday) and has almost a whole year under retirement now.
She has acclimated quite well even with the crazy COVID year.
by FrankLUSMC
Sat Dec 05, 2020 8:12 am
Forum: US Chapters
Topic: U. S. Marine Corps Birthday
Replies: 50
Views: 4618

Re: U. S. Marine Corps Birthday

I missed the birthday salute.

Semper Fi my brothers and sister Marines.
I was a 200 yr. birthday Marine, served 1975-1979. !975 was a great year for me.

MOS 2881, MACS-6, MACG-29, 2nd MAW, Cherry Point NC
E-5 Sgt.

My wife also served as a Marine, 1977-1981.

OOOORRAAHH
by FrankLUSMC
Tue Dec 01, 2020 3:00 pm
Forum: Personal Finance (Not Investing)
Topic: When to apply for SS so first payment is in January
Replies: 1
Views: 321

Re: When to apply for SS so first payment is in January

I applied a few months ago. I told them (on-line application) that I wanted first payment in January. I received a call back after application was approved and the gentleman was very helpful. You need to START SS in December to receive a payment in January (payment is considered arrears). You may ha...
by FrankLUSMC
Mon Nov 30, 2020 10:49 am
Forum: Investing - Theory, News & General
Topic: New Vanguard Brokerage fees starting in January 2021
Replies: 19
Views: 4873

New Vanguard Brokerage fees starting in January 2021

I am pasting an email that I received today from Vanguard: Updates to brokerage account agreement, commission and fee schedules, and evening hours trading Dear Vanguard Brokerage Client, Effective December 30, 2020, we'll be amending the Vanguard Brokerage Account Agreement. We'll also be updating o...
by FrankLUSMC
Thu Nov 26, 2020 12:19 pm
Forum: Investing - Theory, News & General
Topic: Could a fall in the dollar hurt your plan?
Replies: 35
Views: 2038

Re: Could a fall in the dollar hurt your plan?

If you are a nobody professor with no claim to fame, then the best bet is to make some outlandish claims as USD falling precipitously against other currencies and then at some point in future if that happens by chance you become an instant celebrity. The chance of that may be 1 in a million, but he...
by FrankLUSMC
Thu Nov 26, 2020 12:06 pm
Forum: Investing - Theory, News & General
Topic: I am thankful for the Bogleheads!
Replies: 25
Views: 1815

Re: I am thankful for the Bogleheads!

lostdog wrote: Thu Nov 26, 2020 10:51 am:sharebeer
+1
by FrankLUSMC
Sun Nov 22, 2020 9:09 am
Forum: Personal Investments
Topic: Mechanics of Roth conversion
Replies: 5
Views: 647

Re: Mechanics of Roth conversion

I would keep it simple and convert the $77k at broker 1 to Roth leaving it at broker 1, then convert remaining necessary amount at broker 2 into the Roth at broker 2. Then at a later date move the Roth from broker 1 to broker 2 if desired. Pro rata only comes into play if you had funds that were not...
by FrankLUSMC
Sat Nov 21, 2020 9:27 am
Forum: Personal Finance (Not Investing)
Topic: Help me plan my Roth conversions
Replies: 46
Views: 3978

Re: Roth conversions are person specific

Bogle7 wrote: Thu Nov 19, 2020 10:13 pm We are only doing Roth conversions because we have a daughter and 2 grandkids.
We are only doing Roth conversions because of the 10-year rule.
This, plus the single earner tax bracket at the death of one partner is anther reason we are doing Roth conversions.
by FrankLUSMC
Sat Nov 21, 2020 8:48 am
Forum: Personal Finance (Not Investing)
Topic: Healthcare Sharing(Medishare)-Bogleheads Opinions.
Replies: 15
Views: 1635

Re: Healthcare Sharing(Medishare)-Bogleheads Opinions.

The wife and I have completed one year under CHM (Christian Healthshare Ministries). It has kept us informed via monthly newsletters. Our monthly cost is 340 total and a quarterly add on called "Brothers Keeper" which is variable but usually around 100. It will pay per claim anything above...
by FrankLUSMC
Thu Nov 12, 2020 9:14 am
Forum: Personal Investments
Topic: VNQ (REIT) When Does It Go Ex-Dividend?
Replies: 13
Views: 1186

Re: VNQ (REIT) When Does It Go Ex-Dividend?

Leesbro63 wrote: Thu Nov 12, 2020 8:59 am I'm thinking about lightening up on VNQ (REIT). When does it go ex-dividend?
VNQ paid dividends on 9/30 and typically the last weeks of December. I don't think it has an "ex-dividend" it just pays them on a date.

Last year was on 12/23.
by FrankLUSMC
Fri Sep 25, 2020 9:24 am
Forum: Personal Consumer Issues
Topic: What can I expect from new golf clubs
Replies: 96
Views: 5667

Re: What can I expect from new golf clubs

I haven't seen it posted yet, so I will make my recommendation. I have been playing off and on for over 50 years. I played my very best in my whole life after I attended a 5 day golf camp. Your instructors will get to know your game and what you need to improve. They will also take you out for 3-4 ...
by FrankLUSMC
Thu Sep 24, 2020 4:20 pm
Forum: Personal Consumer Issues
Topic: What can I expect from new golf clubs
Replies: 96
Views: 5667

Re: What can I expect from new golf clubs

I haven't seen it posted yet, so I will make my recommendation. I have been playing off and on for over 50 years. I played my very best in my whole life after I attended a 5 day golf camp. Your instructors will get to know your game and what you need to improve. They will also take you out for 3-4 h...
by FrankLUSMC
Tue Sep 22, 2020 4:57 pm
Forum: Personal Finance (Not Investing)
Topic: Retire at 66 , SS at 70 , Funding the Gap
Replies: 8
Views: 1160

Re: Retire at 66 , SS at 70 , Funding the Gap

The gains tax for gold coins is 28%, do not pass GO there. Not the same as LTCG taxes on stock funds.

I would tend to keep them and leave to heirs where they can cash them immediately for no gain with stepped up basis and thus no taxes.
by FrankLUSMC
Sat Sep 12, 2020 12:06 pm
Forum: Personal Consumer Issues
Topic: Turbotax 2019 updater problems after 8/12/2020
Replies: 3
Views: 301

Re: Turbotax 2019 updater problems after 8/12/2020

OK, here it is, the cause of my particular problem after several reboots and downloads..........

A 1GB USB drive that I use for scanning files was inserted and caused my PC to "look" different than TurboTax19 wanted for Activation.
by FrankLUSMC
Sat Sep 12, 2020 9:28 am
Forum: Personal Consumer Issues
Topic: Turbotax 2019 updater problems after 8/12/2020
Replies: 3
Views: 301

Re: Turbotax 2019 updater problems after 8/12/2020

HueyLD wrote: Sat Sep 12, 2020 9:26 am Did you run Windows September 2020 update?
Yes, a few days ago and that may be my problem too.
by FrankLUSMC
Sat Sep 12, 2020 9:13 am
Forum: Personal Consumer Issues
Topic: Turbotax 2019 updater problems after 8/12/2020
Replies: 3
Views: 301

Turbotax 2019 updater problems after 8/12/2020

All, I am hoping to save you some headaches. I had last opened my Turbotax on 8/12 with no problems. Today I was going to do some what-iffing and opened TT19 which I have set to auto update, after the update I am in an "activation" loop. Uninstalled it from Windows, re-downloaded my file a...
by FrankLUSMC
Wed Sep 02, 2020 1:59 pm
Forum: Personal Consumer Issues
Topic: HVAC Communicating vs. non-communicating and Mini-split
Replies: 19
Views: 1275

Re: HVAC Communicating vs. non-communicating and Mini-split

15 years is really old technology for the times. The new variable speed heat pumps and air handlers are like magic coupled with smart thermostats.
I have Lennox, but any high end (not Goodman stuff) is going to make a huge difference in your comfort and energy usage.
by FrankLUSMC
Wed Aug 12, 2020 7:50 am
Forum: Personal Investments
Topic: VUL Conversion Advice
Replies: 25
Views: 1362

Re: VUL Conversion Advice

Only if the policy is not MEC you can take basis first. In MECed policies all distributions are pro-rate I don't think OP policy is MEC at his values. MEC are usually high values at short durations, My VUL is over 20 years old, and should I desire, but won't, I could add quite a bit now and still n...
by FrankLUSMC
Tue Aug 11, 2020 8:00 am
Forum: Personal Investments
Topic: VUL Conversion Advice
Replies: 25
Views: 1362

Re: VUL Conversion Advice

My wife and I signed up for an Ameriprise VUL about 20 years ago. We don't need the life insurance any more and don't want to keep paying the premiums. Our advisor gave us some options but they all involved a large front-load cost and I'd like to get away from Ameriprise. Right now our cost basis i...
by FrankLUSMC
Fri Aug 07, 2020 3:54 pm
Forum: Personal Investments
Topic: Social Security as my Bond Fund?
Replies: 70
Views: 3765

Re: Social Security as my Bond Fund?

How much of your essential expenses are covered by Social Security? SS is $1500 at age 62, barely covers Medical insurance. So if you want to take on slightly more risk, you can do what wife and I are doing for 3 years and using CHM ( Christian Health Ministries) for our bridge to Medicare. For the...
by FrankLUSMC
Fri Aug 07, 2020 1:47 pm
Forum: Personal Consumer Issues
Topic: Extending concrete patio in sloped yard creating a large drop-off
Replies: 16
Views: 1095

Re: Extending concrete patio in sloped yard creating a large drop-off

I had concrete poured in my sloped yard in order to extend the back patio. Due to the slope, I now have a drop-off of 18 inches at the back of the patio. It's clearly not safe as-is. Any suggestions for ways to landscape or otherwise what to do to prevent people from a "hard step" down of...
by FrankLUSMC
Fri Jul 24, 2020 6:41 am
Forum: Personal Consumer Issues
Topic: Speakers for basement
Replies: 43
Views: 2869

Re: Speakers for basement

If you have a large area with hard floors and walls, then you need to manage the sound with some sound diffusers or baffles on the wall to eliminate distortion and echoing. Soft furniture helps too. Hanging nice looking rugs on the wall as art is a good idea.
by FrankLUSMC
Fri Jul 03, 2020 6:26 am
Forum: Personal Finance (Not Investing)
Topic: Social Security Survivor Benefits - pass before Full Retirement Age
Replies: 17
Views: 1717

Re: Social Security Survivor Benefits - pass before Full Retirement Age

Based on my father in law's Jan 2020 Social Security Statement, it says: full retirement age - $1,228 70 years - $1,580 62 years - $826 So based on this, my understanding is that my mother in law would be getting 71.5% of the $1,228 if she were to start receiving benefits now at age 60. However, if...
by FrankLUSMC
Fri Jun 26, 2020 8:08 am
Forum: Personal Consumer Issues
Topic: What is the single best piece of exercise equipment you bought for your home?
Replies: 259
Views: 17446

Re: What is the single best piece of exercise equipment you bought for your home?

How is an electric bike a piece of exercise equipment? h82goslw, A) Instead of driving to the library, grocery store, and so on, it is faster and easier to get there with an electric bike. B) For older folks, it extends the range of biking. KlangFool I've ridden centuries (100 mile rides) with 80+ ...
by FrankLUSMC
Fri Jun 12, 2020 8:49 am
Forum: Personal Investments
Topic: Thoughts on today's sell-off?
Replies: 194
Views: 16579

Re: Thoughts on today's sell-off?

carmonkie wrote: Thu Jun 11, 2020 1:06 pm Tomorrow my company buys 401(k) shares so should get some discounted shares..
Maybe not as much discount as you thought.
by FrankLUSMC
Fri Jun 12, 2020 8:47 am
Forum: Personal Investments
Topic: Thoughts on today's sell-off?
Replies: 194
Views: 16579

Re: Thoughts on today's sell-off?

TheTimeLord wrote: Thu Jun 11, 2020 12:26 pm One day sell-offs are fun, long grinds downward are not. So my thoughts on today's sell-off are weeeee.
+1 Love me some whipsaw/whiplash like a roller coaster. Keeps me from making dumb moves.
by FrankLUSMC
Wed Jun 10, 2020 1:11 pm
Forum: Personal Investments
Topic: End of year Roth conversion tool?
Replies: 7
Views: 447

Re: End of year Roth conversion tool?

TT has a "what if" worksheet. That is what I am using this year, first year of Roth conversions for wife and I.

Go to View tab, select Forms, View all, search for What if worksheet.
by FrankLUSMC
Sun Jun 07, 2020 7:00 am
Forum: Personal Consumer Issues
Topic: GE Profile Refrigerator/Freezer vs Regular GE
Replies: 45
Views: 2914

Re: GE Profile Refrigerator/Freezer vs Regular GE

We bought a GE Profile French door unit in 2014. I would NOT buy it again. It is very noisy when running.
I notice very few store will have any models running for energy concerns, so you may have to search reviews. I think my next replacement will be a higher end unit with great low noise reviews.
by FrankLUSMC
Tue Jun 02, 2020 7:10 am
Forum: Investing - Theory, News & General
Topic: Why Dollar Cost Averaging (DCA) is a mental accounting bias and should never be used [vs. lump sum]
Replies: 760
Views: 35425

Re: Why Dollar Cost Averaging (DCA) is a mental accounting bias and should never be used

i've been dca-ing for 25 years almost all of my money was invested using dca, no way I ever had that much to lump-sum i also value-averaged numerous times during corrections and crashes for even more shares, yes, i timed my larger purchases since my portfolio is larger than it's ever been, even aft...
by FrankLUSMC
Thu May 28, 2020 9:51 am
Forum: Investing - Theory, News & General
Topic: Anyone screwed up timing the market?
Replies: 94
Views: 8990

Re: Anyone screwed up timing the market?

I got lucky when I converted 400 shares VTI to Roth on March 23rd!!
by FrankLUSMC
Fri May 22, 2020 8:26 am
Forum: Personal Consumer Issues
Topic: What kind of sunglasses?
Replies: 110
Views: 7075

Re: What kind of sunglasses?

I've had several pair of these, my last pair has lasted 3 years.
A Female Veteran owned company.

EpochEyeWear.com

Inexpensive and cover the whole range.
by FrankLUSMC
Mon May 18, 2020 12:23 pm
Forum: Personal Consumer Issues
Topic: Is there a Cable Guy in the House?
Replies: 42
Views: 3811

Re: Is there a Cable Guy in the House?

OP here. Thank you all for your suggestions and ideas. If I was tech or work-around-the-home savvy, I could do more myself. As it is, I'm just competent enough to know how to unplug modems and routers as a reset process. I looked again at the setup for where the cable modem is, and see that the coa...
by FrankLUSMC
Mon May 18, 2020 12:17 pm
Forum: Personal Consumer Issues
Topic: Composite AND wood deck?
Replies: 15
Views: 1087

Re: Composite AND wood deck?

A deck company that built my deck uses only 12" joist spacing. I asked and the answer was that 16" gets a little bouncy with composites especially as they age. So if converting to composite from wood you may need to add extra joists.
by FrankLUSMC
Thu Apr 30, 2020 8:01 am
Forum: Investing - Theory, News & General
Topic: Why are stocks down "only" 10% YTD?
Replies: 31
Views: 3452

Re: Why are stocks down "only" 10% YTD?

stormcrow wrote: Thu Apr 30, 2020 7:54 am
itmaybejj wrote: Thu Apr 30, 2020 6:24 am ...
  • Wile E. Coyote, if the second wave is worst than the first
...
What does this mean?
You never saw Wile E. Coyote fall off a cliff? If there is a second wave/rebound of the virus. That's the way I think the poster meant it.
by FrankLUSMC
Wed Apr 29, 2020 1:28 pm
Forum: Personal Consumer Issues
Topic: Mesh Wifi
Replies: 130
Views: 9782

Re: Mesh Wifi

I updated to the newest (at the time) ORBI in December. The router and 2 satellites work great for my 4500 sq. ft. 3 story home. I have the router in basement and then one satellite on each of the upper floors. I have 1 TV streaming on floor 3, 2 TV streaming on floor 2 and 1 TV streaming in basemen...
by FrankLUSMC
Mon Apr 27, 2020 10:39 am
Forum: Investing - Theory, News & General
Topic: Best Upcoming Time to Lump Sum Into Market
Replies: 17
Views: 1523

Re: Best Upcoming Time to Lump Sum Into Market

[
If you do not either "Lump Sum Now" or "Lump Sum Soon" (sounds like Chinese food "Lum Sum Soon") :shock: you will miss market gains going forward.

[/quote]

I would like an order of Lump Sum Now, does that come with free egg roll! :sharebeer
by FrankLUSMC
Mon Apr 27, 2020 6:45 am
Forum: Investing - Theory, News & General
Topic: Best Upcoming Time to Lump Sum Into Market
Replies: 17
Views: 1523

Re: Best Upcoming Time to Lump Sum Into Market

If you are market timing then these 2 statements are often used.
"Sell in May and go away."
"Come back in late October."
And since this is an election year you may want to wait until mid November.
by FrankLUSMC
Thu Apr 16, 2020 3:53 pm
Forum: Personal Consumer Issues
Topic: Online / Gun Dealer Recommendations
Replies: 101
Views: 9347

Re: Online / Gun Dealer Recommendations

I haven't seen this mentioned yet, and they have LEA used firearms as well as collectible stuff.
Classicfirearms.com

Just checked they have Glock 23 Gen 4, .40 cal for $350, law enforcement turn in.
by FrankLUSMC
Wed Apr 15, 2020 6:35 am
Forum: Personal Finance (Not Investing)
Topic: [Government stimulus payments]
Replies: 361
Views: 30194

Re: Report when you receive your stimulus check here

Got it yesterday 4/14