Search found 149 matches

by JerryB
Mon Sep 14, 2020 10:15 pm
Forum: Personal Investments
Topic: Allocation at RMD
Replies: 17
Views: 1214

Re: Allocation at RMD

I would not be be withdrawing any money from the TSP/tIRA. I would be only changing the allocation in those accounts as well as my taxable account. Money is not moving from the deferred to taxable, so why would that be taxable? Obviously, the RMD’s will be taxable, but my goal is to reduce the futur...
by JerryB
Mon Sep 14, 2020 5:20 pm
Forum: Personal Investments
Topic: Allocation at RMD
Replies: 17
Views: 1214

Re: Allocation at RMD

It’s almost like a Roth conversion with no tax consequence today.
by JerryB
Mon Sep 14, 2020 12:35 pm
Forum: Personal Investments
Topic: Allocation at RMD
Replies: 17
Views: 1214

Re: Allocation at RMD

Thanks for responding. Taxable and Tax Deferred are approximately the same dollars. I am asking if I should decrease equities in the tax deferred and increase equities in the taxable account sooner rather than later to prevent further growth in the tax deferred. It's seems a little contradictory, bu...
by JerryB
Mon Sep 14, 2020 10:30 am
Forum: Personal Investments
Topic: Allocation at RMD
Replies: 17
Views: 1214

Allocation at RMD

I will start RMD's in 2021. My 401K and tIRA are about 50% and taxable is also about 50%. Keeping my overall allocation the same, would it be a good idea to shift some or all equities from the tIRA/TSP to the taxable account (index funds to hold)? I do not plan to spend the taxable account. What am ...
by JerryB
Mon Sep 07, 2020 1:43 pm
Forum: Investing - Theory, News & General
Topic: Withdrawl Strategy
Replies: 25
Views: 3005

Re: Withdrawl Strategy

Very informative discussion. It did make me wonder about the equity allocation. The OP states that he/she has a 50% equity allocation in the Trad IRA, 70% in Roth, and 30% in the taxable account. Should the equity allocation lean more toward the taxable account from the Trad IRA?
by JerryB
Sat Sep 14, 2019 2:08 pm
Forum: Personal Finance (Not Investing)
Topic: 3rd Quarter Federal Estimate Early
Replies: 8
Views: 542

Re: 3rd Quarter Federal Estimate Early

Apparently not a systemic problem with the Treasury. How could I doubt them. The government never makes mistakes.
by JerryB
Sat Sep 14, 2019 12:09 pm
Forum: Personal Finance (Not Investing)
Topic: 3rd Quarter Federal Estimate Early
Replies: 8
Views: 542

Re: 3rd Quarter Federal Estimate Early

southerndoc wrote: Sat Sep 14, 2019 12:06 pm Charged? How were you charged? I send in paper checks.
Automatic through TaxACT (EFTPS) What are checks?
by JerryB
Sat Sep 14, 2019 11:43 am
Forum: Personal Finance (Not Investing)
Topic: 3rd Quarter Federal Estimate Early
Replies: 8
Views: 542

3rd Quarter Federal Estimate Early

I thought the third quarter Estimate was 9/15 or 9/16. I was charged today. Did anyone else get charged early?
by JerryB
Tue Aug 20, 2019 3:27 pm
Forum: Investing - Theory, News & General
Topic: Savings Bonds - how to keep track of them
Replies: 20
Views: 2446

Re: Savings Bonds - how to keep track of them

Yea, I put in a prior date that I had saved a paper copy and it calculated that date correctly and forward again to August. Guess I can enter them all. Now, if I could just get Minneapolis to pay out quicker when they mature.
by JerryB
Tue Aug 20, 2019 1:22 pm
Forum: Investing - Theory, News & General
Topic: Savings Bonds - how to keep track of them
Replies: 20
Views: 2446

Re: Savings Bonds - how to keep track of them

Well, I tried again with Chrome and was able to save the results. Just put in a few bonds to test it. I'll see on September 1 if it will update. Thanks for your suggestions.
by JerryB
Tue Aug 20, 2019 8:33 am
Forum: Investing - Theory, News & General
Topic: Savings Bonds - how to keep track of them
Replies: 20
Views: 2446

Re: Savings Bonds - how to keep track of them

SBC is supposed to be compatible with Safari. I use an iPad, so I have Safari, but when I save the bonds in SBC, I do not get any drop down menu to save the file. Anyone using Safari successfully?
by JerryB
Thu Aug 01, 2019 4:38 pm
Forum: Investing - Theory, News & General
Topic: Savings Bonds - how to keep track of them
Replies: 20
Views: 2446

Re: Savings Bonds - how to keep track of them

Earlier this year I was able to export/copy SBW into SBC. This apparently is no longer an option, so I will have to reenter my bonds. Problem is the Savings Bond Calculator is not compatible with Chrome, which is what I use. Is there any way to get around this or are there any other SB calculators a...
by JerryB
Thu Jun 27, 2019 8:48 am
Forum: Personal Finance (Not Investing)
Topic: FEHB Blue Cross Basic vs. Blue Focus
Replies: 21
Views: 2413

Re: FEHB Blue Cross Basic vs. Blue Focus

Under Basic, we might have paid 1 or 2 thousand, but it is hard to figure exactly. It would have been fine if I had gotten sick since I have Medicare, but DW does not.
by JerryB
Thu Jun 27, 2019 7:58 am
Forum: Personal Finance (Not Investing)
Topic: FEHB Blue Cross Basic vs. Blue Focus
Replies: 21
Views: 2413

Re: FEHB Blue Cross Basic vs. Blue Focus

Followup: My plan to switch to Blue Focus based on our good health backfired. DW had unexpected minor surgery and a 3 day hospital stay. All providers were in network. Sticker price was about $40,000. Blue paid about $13,000, I paid about $6000. 30% of very low allowances add up fast.
by JerryB
Tue Jun 04, 2019 1:26 pm
Forum: Investing - Theory, News & General
Topic: TSP RMD's
Replies: 38
Views: 4207

Re: TSP RMD's

You are correct. Post deleted, but now its in the replies that I cannot delete.
by JerryB
Tue Jun 04, 2019 9:58 am
Forum: Investing - Theory, News & General
Topic: TSP RMD's
Replies: 38
Views: 4207

Re: TSP RMD's

Post Deleted
by JerryB
Mon May 13, 2019 7:59 am
Forum: Investing - Theory, News & General
Topic: TSP RMD's
Replies: 38
Views: 4207

Re: TSP RMD's

I turn 70.5 in 2020. Will TSP require me to make a RMD decision in January 2020 or can I just wait through 2020 and make my lump sum election for December 2020?
by JerryB
Sat May 11, 2019 8:20 am
Forum: Investing - Theory, News & General
Topic: TSP RMD's
Replies: 38
Views: 4207

Re: TSP RMD's

I also read somewhere that an advantage to an end of year RMD is that you are also delaying your tax withholding and are not giving the government a free loan, and you won't be penalized for not making the quarterly estimated tax payments. Does this make sense? Yes, this is correct. If your tax las...
by JerryB
Mon Apr 29, 2019 2:08 pm
Forum: Investing - Theory, News & General
Topic: TSP RMD's
Replies: 38
Views: 4207

Re: TSP RMD's

I also read somewhere that an advantage to an end of year RMD is that you are also delaying your tax withholding and are not giving the government a free loan, and you won't be penalized for not making the quarterly estimated tax payments. Does this make sense?
by JerryB
Sat Mar 16, 2019 7:39 pm
Forum: Investing - Theory, News & General
Topic: TSP RMD's
Replies: 38
Views: 4207

Re: TSP RMD's

The changes say you can switch to a dollar amount rather than life expectancy, but you never go back to life expectancy. Does this mean I can still change the dollar amount each year as my RMD changes?
by JerryB
Sat Mar 16, 2019 11:02 am
Forum: Investing - Theory, News & General
Topic: TSP RMD's
Replies: 38
Views: 4207

Re: TSP RMD's

Will TSP allow you round up your monthly, quarterly, or annual payment?
by JerryB
Wed Mar 13, 2019 8:42 am
Forum: Investing - Theory, News & General
Topic: TSP RMD's
Replies: 38
Views: 4207

Re: TSP RMD's

As long as we are on the subject, if I don't need the RMD to live on, I am thinking of taking an annual payment early in the year to get the money into a taxable account that will invested in tax efficient index funds. Thoughts? Since tax deferred is better than taxable, it is generally better to t...
by JerryB
Wed Mar 13, 2019 8:01 am
Forum: Investing - Theory, News & General
Topic: TSP RMD's
Replies: 38
Views: 4207

Re: TSP RMD's

As long as we are on the subject, if I don't need the RMD to live on, I am thinking of taking an annual payment early in the year to get the money into a taxable account that will invested in tax efficient index funds. Thoughts?
by JerryB
Tue Mar 12, 2019 2:35 pm
Forum: Investing - Theory, News & General
Topic: TSP RMD's
Replies: 38
Views: 4207

Re: TSP RMD's

HueyLD wrote: Tue Mar 12, 2019 2:07 pm Did you read the link provided?

There are major changes coming in September 2019.
Duh, I missed that. Thanks!!!
by JerryB
Tue Mar 12, 2019 2:03 pm
Forum: Investing - Theory, News & General
Topic: TSP RMD's
Replies: 38
Views: 4207

Re: TSP RMD's

Apparently monthly payments is the only option for RMD's.
by JerryB
Tue Mar 12, 2019 1:50 pm
Forum: Investing - Theory, News & General
Topic: Are Vanguard Mutual Funds dying?
Replies: 152
Views: 18230

Re: Are Vanguard Mutual Funds dying?

Is there some additional risk in ETF's vs. MF's in terms of operation if markets become volatile? The Flash Crash of 2010 was a obviously additional risk in ETFs that affected many ETFs at the same time, and did not affect mutual funds. But it was a rare event--I am not clear on whether or not it h...
by JerryB
Tue Mar 12, 2019 12:47 pm
Forum: Investing - Theory, News & General
Topic: Are Vanguard Mutual Funds dying?
Replies: 152
Views: 18230

Re: Are Vanguard Mutual Funds dying?

Is there some additional risk in ETF's vs. MF's in terms of operation if markets become volatile?
by JerryB
Tue Mar 12, 2019 12:35 pm
Forum: Investing - Theory, News & General
Topic: TSP RMD's
Replies: 38
Views: 4207

TSP RMD's

Will the TSP notify me of my RMD options when I reach age 70? Are there options for monthly, quarterly, and annual payments? tia
by JerryB
Wed Feb 13, 2019 10:21 pm
Forum: Personal Finance (Not Investing)
Topic: H&R Block 2018 Tax Software Deluxe $18.00 - Black Friday sale
Replies: 314
Views: 30671

Re: H&R Block 2018 Tax Software Deluxe $18.00 - Black Friday sale

Doesn't TurboTax offer that payment is due when filing? If so, is there any reason not to use it to check it against another program?
by JerryB
Mon Feb 11, 2019 10:46 am
Forum: Personal Finance (Not Investing)
Topic: H&R Block 2018 Tax Software Deluxe $18.00 - Black Friday sale
Replies: 314
Views: 30671

Re: H&R Block 2018 Tax Software Deluxe $18.00 - Black Friday sale

Does H&R Block and TurboTax include efiling state and federal returns?
by JerryB
Sat Feb 02, 2019 2:24 pm
Forum: Personal Finance (Not Investing)
Topic: H&R Block 2018 Tax Software Deluxe $18.00 - Black Friday sale
Replies: 314
Views: 30671

Re: H&R Block 2018 Tax Software Deluxe $18.00 - Black Friday sale

I've always used TaxACT, download, but they charged me $100 this year with the state. I better switch, but will old data for multiple returns transfer to another program.
by JerryB
Sat Feb 02, 2019 10:54 am
Forum: Investing - Theory, News & General
Topic: Fixed year bond ETF's like Invesco Bulletshares or...
Replies: 8
Views: 621

Re: Fixed year bond ETF's like Invesco Bulletshares or...

Is Invesco as reputable as Blackrock for investing in these products?
by JerryB
Tue Jan 29, 2019 2:40 pm
Forum: Personal Finance (Not Investing)
Topic: Tax on EE Bonds Previously Reported for Estate Tax
Replies: 4
Views: 304

Re: Tax on EE Bonds Previously Reported for Estate Tax

Thank you. I'll check the publication. I do not believe that the interest was reported on the final income tax return of my mother, only her estate tax return on which we did in fact incur an estate tax. If I were to report all the interest now, wouldn't I be paying a tax twice on the accrued intere...
by JerryB
Mon Jan 28, 2019 10:38 am
Forum: Personal Finance (Not Investing)
Topic: Tax on EE Bonds Previously Reported for Estate Tax
Replies: 4
Views: 304

Tax on EE Bonds Previously Reported for Estate Tax

When my mother's federal estate tax return was filed, we reported her EE Bonds value including accrued interest. Now that the bonds I inherited are maturing, do I report the full interest on the bonds, or can I deduct the amount previously reported (ie, step up) for the estate tax? tia
by JerryB
Thu Jan 03, 2019 8:33 am
Forum: Personal Finance (Not Investing)
Topic: COBRA ElectionForm and Coverage?
Replies: 11
Views: 602

COBRA ElectionForm and Coverage?

My daughter quit her job and relocated to find another job. Her COBRA qualifying event date is 11/30. If I am reading the Notice correctly, she has 60 days to complete the Election Form and then another 45 days to pay premiums. She has not yet returned the election form. My question is, if she were ...
by JerryB
Wed Dec 19, 2018 11:25 pm
Forum: Personal Finance (Not Investing)
Topic: Federal Payments and Underpayment Penalties
Replies: 6
Views: 635

Re: Federal Payments and Underpayment Penalties

Thank you for responding. I should be okay. Glad TaxACT figures this out for me.
by JerryB
Wed Dec 19, 2018 11:22 am
Forum: Personal Finance (Not Investing)
Topic: Federal Payments and Underpayment Penalties
Replies: 6
Views: 635

Federal Payments and Underpayment Penalties

My 2018 federal taxes will probably double from 2017. My understanding is that if my estimated payments and withholding exceeds my 2017 federal tax by one dollar, I will not incur an underpayment penalty (assuming I pay the tax owed on April 15th :happy ). Is this correct? Thanks!
by JerryB
Mon Dec 10, 2018 10:13 am
Forum: Personal Finance (Not Investing)
Topic: FEHB Blue Cross Basic vs. Blue Focus
Replies: 21
Views: 2413

Re: FEHB Blue Cross Basic vs. Blue Focus

Last day of open season, so I switched to Blue Focus. Catastrophic loss limit goes up by $2,000 so I will take the bet. I'll give a report in a year.
by JerryB
Mon Dec 03, 2018 1:23 pm
Forum: Personal Finance (Not Investing)
Topic: FEHB Blue Cross Basic vs. Blue Focus
Replies: 21
Views: 2413

Re: FEHB Blue Cross Basic vs. Blue Focus

Blue Focus does not include the $2,500 hearing aid benefit that is included in Basic. There you go. The devil is in the detail. I did scan the Blue Focus brochure (the legal contract) and concluded that it is designed for younger folks who do not use much health care benefits. I like to think of ou...
by JerryB
Mon Dec 03, 2018 11:47 am
Forum: Personal Finance (Not Investing)
Topic: FEHB Blue Cross Basic vs. Blue Focus
Replies: 21
Views: 2413

Re: FEHB Blue Cross Basic vs. Blue Focus

Blue Focus does not include the $2,500 hearing aid benefit that is included in Basic.
by JerryB
Sat Dec 01, 2018 1:36 pm
Forum: Personal Finance (Not Investing)
Topic: FEHB Blue Cross Basic vs. Blue Focus
Replies: 21
Views: 2413

Re: FEHB Blue Cross Basic vs. Blue Focus

Thanks. They have so many brochures, there is Benefits at a Glance, Summary Book, and finally the detailed benefits books.

https://media.fepblue.org/-/media/PDFs/ ... ochure.pdf

https://media.fepblue.org/-/media/PDFs/ ... ochure.pdf
by JerryB
Sat Dec 01, 2018 11:00 am
Forum: Personal Finance (Not Investing)
Topic: FEHB Blue Cross Basic vs. Blue Focus
Replies: 21
Views: 2413

Re: FEHB Blue Cross Basic vs. Blue Focus

I think the major difference is in prescription drug coverage especially for the more expensive tiers 3,4 and 5. The link provides very good side by side comparison. Right, if you have prescriptions you need to look at the Blue Focus formulary closely. Blue Focus has a very different formulary than...
by JerryB
Sat Dec 01, 2018 8:27 am
Forum: Personal Finance (Not Investing)
Topic: FEHB Blue Cross Basic vs. Blue Focus
Replies: 21
Views: 2413

Re: FEHB Blue Cross Basic vs. Blue Focus

With only one of us on Medicare B, the premium savings of $1,400 on Blue Focus exceeds the $600 reimbursement under Basic.
by JerryB
Thu Nov 29, 2018 6:31 pm
Forum: Personal Finance (Not Investing)
Topic: FEHB Blue Cross Basic vs. Blue Focus
Replies: 21
Views: 2413

Re: FEHB Blue Cross Basic vs. Blue Focus

retiredjg wrote: Thu Nov 29, 2018 6:25 pm I don't know the answer, but It might be helpful to know if BC is your primary provider or secondary to Medicare. I guess (not sure) this depends on whether you are still working or not.
Yes, BC is secondary to Medicare for myself, not my wife. Not working.
by JerryB
Thu Nov 29, 2018 6:19 pm
Forum: Personal Finance (Not Investing)
Topic: FEHB Blue Cross Basic vs. Blue Focus
Replies: 21
Views: 2413

FEHB Blue Cross Basic vs. Blue Focus

I almost missed seeing the new option in my Blue Cross literature. I use Basic Self Plus One and have been satisfied mainly since our medical care is limited to annual check ups (fingers crossed). Blue Focus will cost about $1,400 less in annual premiums (less the new $600 Medicare Part B Reimbursem...
by JerryB
Sun Nov 25, 2018 3:40 pm
Forum: Personal Finance (Not Investing)
Topic: Claiming Suspended SS Benefit
Replies: 8
Views: 968

Re: Claiming Suspended SS Benefit

Since I filed and suspended SS benefits, I cannot start benefits online. I called SSA to start my suspended benefit and was told I have to go to my SSA office in person. This will take a half day of my time sitting in a crowded, uncomfortable waiting room. Has anyone been able to claim their suspen...
by JerryB
Fri Nov 23, 2018 10:23 am
Forum: Personal Finance (Not Investing)
Topic: Claiming Suspended SS Benefit
Replies: 8
Views: 968

Re: Claiming Suspended SS Benefit

JerryB, You can unsuspend your benefit at any time prior to turning age 70. And you can do it either by phone or in writing in addition to in person for your age group. You should call the SSA back and refer to this POMS https://secure.ssa.gov/apps10/poms.nsf/lnx/0202409130 "B. Procedure For Reinst...
by JerryB
Wed Nov 21, 2018 12:05 am
Forum: Personal Finance (Not Investing)
Topic: Claiming Suspended SS Benefit
Replies: 8
Views: 968

Re: Claiming Suspended SS Benefit

Thanks for the link. The problem is that I am 69, so I am claiming a year "early". Maybe that is why I need to go in person. I certainly hope that I am not committed to waiting to age 70.
by JerryB
Tue Nov 20, 2018 11:37 pm
Forum: Personal Finance (Not Investing)
Topic: Claiming Suspended SS Benefit
Replies: 8
Views: 968

Claiming Suspended SS Benefit

Since I filed and suspended SS benefits, I cannot start benefits online. I called SSA to start my suspended benefit and was told I have to go to my SSA office in person. This will take a half day of my time sitting in a crowded, uncomfortable waiting room. Has anyone been able to claim their suspend...
by JerryB
Wed Oct 24, 2018 4:49 pm
Forum: Personal Investments
Topic: Downturn and Roth Conversions
Replies: 8
Views: 818

Downturn and Roth Conversions

Am I correct that a market downturn is a good time to convert since each dollar converts a higher percentage of the tIRA? What am I missing?