Search found 326 matches

by Arby
Sun Mar 29, 2020 4:02 am
Forum: Personal Finance (Not Investing)
Topic: how much cash do you keep at home?
Replies: 130
Views: 8042

Re: how much cash do you keep at home?

The point is, I keep more cash on hand here than I would in the U.S., which I've upped to the equivalent of US$1,000 or so given the pandemic. Because I can envision ATM's not getting stocked, electricity outages that make it impossible to use credit cards or ATMs, having to get someone to shop for...
by Arby
Sun Mar 29, 2020 3:44 am
Forum: Personal Finance (Not Investing)
Topic: Getting Tax Refunds Or Stimulus Direct Deposited
Replies: 10
Views: 1473

Re: Getting Tax Refunds Or Stimulus Direct Deposited

If I google fidelity online check deposit, the first thing that comes up is Fidelity Mobile Check Deposit - Fidelity Investments www.fidelity.com › mobile › mobile-check-deposit Deposit checks on the go. Just snap a photo of a check with your phone or device to make deposits directly into your Fide...
by Arby
Fri Mar 20, 2020 12:46 am
Forum: Personal Finance (Not Investing)
Topic: Getting Tax Refunds Or Stimulus Direct Deposited
Replies: 10
Views: 1473

Getting Tax Refunds Or Stimulus Direct Deposited

I live overseas and very often don't receive mail and it is also extremely difficult for me to cash dollar denominated checks. In addition to that I have recently moved to a new location overseas. Currently I'm retired and I do Roth conversions to keep at the very top of the 0% tax bracket so t have...
by Arby
Tue Dec 03, 2019 9:22 am
Forum: Personal Finance (Not Investing)
Topic: Medicare MAGI Question
Replies: 6
Views: 599

Re: Medicare MAGI Question

OK thanks guys!

So then to be in lowest Medicare premium tier, other Income such as pension income, TIRA withdrawals, etc. plus 85% of Social Security income would have to be less than 85K. right?
by Arby
Tue Dec 03, 2019 3:51 am
Forum: Personal Finance (Not Investing)
Topic: Medicare MAGI Question
Replies: 6
Views: 599

Re: Medicare MAGI Question

Does Social Security income affect Medicare MAGI in any way? Yes, to the extent the SS income affects one's AGI. In other words, by the amount of SS that is taxable. See MAGI for Medicare premiums (IRMAA tiers) for more details. Thanks for the link FiveK but it is still unclear to me. I reckon my q...
by Arby
Tue Dec 03, 2019 12:54 am
Forum: Personal Finance (Not Investing)
Topic: Medicare MAGI Question
Replies: 6
Views: 599

Medicare MAGI Question

I am a bit confused re Medicare MAGI and want to get it right because it appears that going over limits by even a penny has severe consequences. My understanding is that the starting point for calculating Medicare MAGI is one's AGI on his tax return two years prior. I know that some Social Security ...
by Arby
Tue Mar 26, 2019 11:04 am
Forum: Personal Finance (Not Investing)
Topic: MM Rates [Money Market]
Replies: 21
Views: 3332

Re: MM Rates [Money Market]

I recently transferred money from Cap 1 to Fidelity and it went quickly. I suspect that I lost a day of interest but it's really tough to figure that out and nothing I can do about it anyway. It wasn't easy for me to set it up on the Fido end as I live overseas and Fido wanted to call my old number ...
by Arby
Wed Mar 13, 2019 3:18 pm
Forum: Investing - Theory, News & General
Topic: Best Fidelity Money Market Account to Hold Cash?
Replies: 56
Views: 21666

Re: Best Fidelity Money Market Account to Hold Cash?

FZDXX has a only a 10K minimum purchase if it's in an IRA.

You might also want to consider setting up a 4 week Tbill auto roll ladder with 1/4 of the position maturing every week.
by Arby
Mon Mar 11, 2019 5:52 am
Forum: Personal Finance (Not Investing)
Topic: Free Online Tax Filing (Schedules D and R)
Replies: 4
Views: 444

Re: Free Online Tax Filing (Schedules D and R)

Thanks guys! :happy

Both options look great!
by Arby
Sun Mar 10, 2019 4:17 pm
Forum: Personal Finance (Not Investing)
Topic: Free Online Tax Filing (Schedules D and R)
Replies: 4
Views: 444

Free Online Tax Filing (Schedules D and R)

I've been using TaxAct for free and as I recall in the not so distant past Schedule D was free. Seems like it's not anymore. 60 bucks for Schedule D if I'm reading things correctly. Have some small capital gains this year so will have to file Schedule D. Will also have to file Schedule R for the fir...
by Arby
Sat Jan 26, 2019 2:41 pm
Forum: Personal Finance (Not Investing)
Topic: My Experience Applying For Medicare Overseas
Replies: 5
Views: 655

Re: My Experience Applying For Medicare Overseas

You don't really need a card - you just need the Medicare number. If they will give me my account number and premium amount over the phone then I should be OK. CMS Medicare is registered with Fidelity Bill Pay. How do I make an online bill payment? Contact your bank or go to their website to set up...
by Arby
Sat Jan 26, 2019 1:25 pm
Forum: Personal Finance (Not Investing)
Topic: My Experience Applying For Medicare Overseas
Replies: 5
Views: 655

Re: My Experience Applying For Medicare Overseas

You don't really need a card - you just need the Medicare number. You can sign up with SSA online and one of the letters available for download contains the number. That's what I did while waiting for the new card. I had the number 2 months before the card arrived. I showed the letter to the recept...
by Arby
Sat Jan 26, 2019 10:43 am
Forum: Personal Finance (Not Investing)
Topic: My Experience Applying For Medicare Overseas
Replies: 5
Views: 655

Re: My Experience Applying For Medicare Overseas

Perhaps you could use a mail forwarding service for expats. You use a us address, the service then scans the mail and emails it to you or puts it in Dropbox etc. Good idea, and could be quite useful for certain situations. Thanks! :D Or I could use a friend's address and they could tell me the numb...
by Arby
Fri Jan 25, 2019 12:48 am
Forum: Personal Finance (Not Investing)
Topic: My Experience Applying For Medicare Overseas
Replies: 5
Views: 655

My Experience Applying For Medicare Overseas

As of today's telephone interview with a a Social Security rep from the Philippines, I am enrolled in Medicare Part A and Part B. She said don't worry about any late enrolment penalties I am now enrolled as I am within the initial enrolment window (DOB is 11/15/53) . When I sent a message in Decembe...
by Arby
Sun Jan 06, 2019 4:44 pm
Forum: Personal Finance (Not Investing)
Topic: Calculating MAGI for Medicare Part B.
Replies: 8
Views: 1264

Re: Calculating MAGI for Medicare Part B.

I assume that the taxable portion of my social security is already in the Form 1040 AGI. Today a friend was asking me for advice about tax strategy. I had never looked into the 85K threshold before because it won't apply to me. Question 1- Am I correct that having a Medicare MAGI of 84,999 instead ...
by Arby
Sun Jan 06, 2019 4:20 pm
Forum: Personal Finance (Not Investing)
Topic: $40,000 in debt, bankruptcy seems to be the best option right now
Replies: 271
Views: 25227

Re: $40,000 in debt, bankruptcy seems to be the best option right now

Just brainstorming here with an out of the box idea, but if you could find the right person, and have an extra room, perhaps you could offer free rent in return for some child care. I've had some tough times myself. In my case there wasn't really much I could do to cut expenses so on Saturday night ...
by Arby
Wed Jan 02, 2019 3:29 pm
Forum: Personal Consumer Issues
Topic: Need An Online Phone Number
Replies: 19
Views: 1093

Re: Need An Online Phone Number

bloom2708 wrote:
Wed Jan 02, 2019 2:50 pm
TextNow app.

https://www.textnow.com/

Android or iPhone.

Ad supported, but free.
https://www.textnow.com/plans

So I don't need a USA number to sign up, get a free permanent USA phone number and can read the texts sent to this number on my laptop?
by Arby
Wed Jan 02, 2019 3:18 pm
Forum: Personal Consumer Issues
Topic: Need An Online Phone Number
Replies: 19
Views: 1093

Re: Need An Online Phone Number

I use Anveo. The advantage over Google voice is that I can use it as a local number to give out when traveling in the us. It can be tough to get places to call internationally to reach me. Of course you can give out your google voice number, but that will ring the US number you registered. I just t...
by Arby
Wed Jan 02, 2019 2:49 pm
Forum: Personal Consumer Issues
Topic: Need An Online Phone Number
Replies: 19
Views: 1093

Re: Need An Online Phone Number

Start using Google Voice
First, you'll need:

A Google Account
U.S. phone number that can forward calls after ringing
I do not have a USA phone number.
by Arby
Wed Jan 02, 2019 12:56 pm
Forum: Personal Consumer Issues
Topic: Need An Online Phone Number
Replies: 19
Views: 1093

Need An Online Phone Number

I live overseas and every year am running into problems where websites want two factor authentication but I don't have a USA phone number to receive a text and in most cases they want to text only to a USA phone. I do not have a USA phone number. I have Skype but it seems if I pay for a Skype number...
by Arby
Tue Jan 01, 2019 7:21 am
Forum: Personal Investments
Topic: Can I front-load 401k contributions?
Replies: 22
Views: 3028

Re: Can I front-load 401k contributions?

If you have to interact with your boss or HR to change the contribution rate be prepared for some pushback, typical response might be "Don't you need your paycheck?", obviously they're not Bogleheads. Haha, years ago when I upped my percentage to 50% in the middle of the year to max out, HR called ...
by Arby
Tue Jan 01, 2019 7:13 am
Forum: Personal Investments
Topic: Beginning or End of Year Roth Conversion
Replies: 4
Views: 478

Re: Beginning or End of Year Roth Conversion

Is it simply to allow for the possibility of tax free growth within the Roth from the beginning to the end of the year? Yes. In 2018, I made no cash withdrawals from my TIRA, converted about 75% in of my 2018 conversion in October and the remainder last week. Not too much money in my Fido taxable a...
by Arby
Tue Jan 01, 2019 4:13 am
Forum: Personal Investments
Topic: Beginning or End of Year Roth Conversion
Replies: 4
Views: 478

Beginning or End of Year Roth Conversion

In 2019, I plan to convert approx 15K from a TIRA to a Roth. This will top out the 0% bracket including the senior tax credit. I'm age 65 and not collecting SS yet. In prior years,I've done my conversions near the end of the year since I wasn't sure if I would need to convert less because of cash wi...
by Arby
Tue Jan 01, 2019 2:26 am
Forum: Personal Investments
Topic: How to invest cash? Want no dividend, no interest
Replies: 6
Views: 1609

Re: How to invest cash?

If you are concerned only about 2019 but not 2020 then perhaps buying a 1 year Treasury that pays out no interest in 2019 and all the interest in 2020.
by Arby
Sat Dec 29, 2018 8:49 am
Forum: Investing - Theory, News & General
Topic: Social security deferral and COLA's
Replies: 17
Views: 1480

Re: Social security deferral and COLA's

Forgetting about COLA for a second, is it true that the effective yield for waiting between FRA of 66 years and 66 years 1 month is about 8.3% but for waiting between 69 years 11 months and 70 years is only about 6.3%?
by Arby
Sat Dec 29, 2018 8:04 am
Forum: Personal Finance (Not Investing)
Topic: Do Roth distributions affect MAGI?
Replies: 16
Views: 1588

Re: Do Roth distributions affect MAGI?

John Z wrote:
Fri Dec 28, 2018 1:50 pm
If you're older than 59 1/2 and you've had the account more than five years, nothing you withdraw from a Roth is taxable.
If Roth A was held for 5 years and Roth B for 3 years, would the earnings of Roth B be taxable for someone 60+?
by Arby
Sat Dec 29, 2018 7:45 am
Forum: Personal Finance (Not Investing)
Topic: Will question re: Fidelity acct beneficiaries
Replies: 17
Views: 1363

Re: Will question re: Fidelity acct beneficiaries

If someone doesn't have a will (not wise I know), will a named Fidelity beneficiary receive Traditional IRA money, Roth IRA money, and/or Taxable account money?
by Arby
Fri Dec 28, 2018 12:51 am
Forum: Personal Finance (Not Investing)
Topic: Fidelity Debit Card Rebate Limit
Replies: 2
Views: 423

Fidelity Debit Card Rebate Limit

I use my Fidelity CMA debit card overseas and withdraw very close to $500 per transaction to minimize the amount that Fidelity needs to rebate the local bank. There must be some unstated limit regarding the overuse of the card. I'm trying to figure it out because I don't want to be unexpectedly cut ...
by Arby
Thu Dec 27, 2018 3:58 am
Forum: Personal Finance (Not Investing)
Topic: Should I invest in a ROTH to the top of the 12% tax bracket
Replies: 10
Views: 1268

Re: Should I invest in a ROTH to the top of the 12% tax bracket

Assuming you live in Alaska, think it would be a good idea to fill out the 12% bracket, maybe slightly lower just in case there is some surprise income you forgot about.
by Arby
Thu Dec 27, 2018 3:53 am
Forum: Investing - Theory, News & General
Topic: U-shaped CD yield curve?
Replies: 4
Views: 823

Re: U-shaped CD yield curve?

5y @ 3.65% This 3.65% CD from the Bank of India is not call protected. I usually won't by non-call protected CDs but made an exception for an 18 month 3%er about a month ago. If they call it, I still have my good yield for 6 months and I doubt rates would go up so high that I would really regret ho...
by Arby
Wed Dec 26, 2018 2:42 pm
Forum: Personal Investments
Topic: Tax Loss and Gain Harvesting for those in 0% cap gains tax bracket
Replies: 5
Views: 429

Re: Tax Loss and Gain Harvesting for those in 0% cap gains tax bracket

I would suggest that you harvest your $3100 gain. :D

And that your ex harvest his loss. If he harvests his loss and wants to buy again in the near future he needs to be aware of wash sale rules.
by Arby
Wed Dec 26, 2018 1:38 pm
Forum: Personal Investments
Topic: Cloning Stable Value Fund (SVF) in Fidelity ?
Replies: 13
Views: 1259

Re: Cloning Stable Value Fund (SVF) in Fidelity ?

B.C. Krygowski wrote:
Tue Dec 25, 2018 6:54 pm
Hi QuantAndHold,

Although FZDXX does state 100 k minimum to invest, I was able to get in with far less as the trade execution page said only 10 k needed.

I invested <100k but >10k and it went though without issue.

Good luck! :happy
Was this in a taxable account or an IRA?
by Arby
Wed Dec 26, 2018 5:48 am
Forum: Investing - Theory, News & General
Topic: Is there any Low Risk 4 % Return
Replies: 52
Views: 7022

Re: Is there any Low Risk 4 % Return

5 year CD at 3.5% you could call low risk, though there is still inflation risk and interest rate risk.
by Arby
Tue Dec 25, 2018 8:31 am
Forum: Personal Finance (Not Investing)
Topic: Fidelity as a one stop shop
Replies: 1474
Views: 201736

Re: Fidelity as a one stop shop

That is not good. I called fidelity and they told me any money market should work. Does anyone else have any trouble like this? I just moved some cash to SPRXX and once I get the ATM card I am going to run around town and do a quick test :mrgreen: Just made an ATM withdrawal a few hours ago in Thai...
by Arby
Mon Dec 24, 2018 12:54 pm
Forum: Investing - Theory, News & General
Topic: Timing CD Buys
Replies: 19
Views: 2305

Re: Timing CD Buys

Do you guys rummage through and buy a CD priced somewhat favorably or do you submit a Bid for less than the asking price on a number of CDs and see if there are any takers? On the Fidelity platform if you place a Bid, is it possible to have a minimum Buy of 1 or do you need to go through a rep to do...
by Arby
Mon Dec 24, 2018 6:35 am
Forum: Investing - Theory, News & General
Topic: Timing CD Buys
Replies: 19
Views: 2305

Re: Timing CD Buys

I have never bought a CD in the secondary market. My understanding is that at Fidelity the commission is $1 per secondary CD so purchasing let's say approx $8,000 worth of CDs would result in an $8 commission. Is this correct? Does the yield on the Fidelity site factor in this commission or is it th...
by Arby
Mon Dec 24, 2018 4:51 am
Forum: Investing - Theory, News & General
Topic: TIPS yield curve inverted at short end
Replies: 168
Views: 15740

Re: TIPS yield curve inverted at short end

The quoted yield I pulled from Schwab on Friday for the Treasury Bill maturing 1/15/2019 was 2.33%, which is in the ballpark of the calculated nominal TIPS yield of 1.94%. The nominal Treasury bill actually appears to have been a better deal. Thanks Kev! I assume without crunching the numbers that ...
by Arby
Sun Dec 23, 2018 8:10 am
Forum: Investing - Theory, News & General
Topic: TIPS yield curve inverted at short end
Replies: 168
Views: 15740

Re: TIPS yield curve inverted at short end

What inflation expectation is baked into "Yield to Worst" for TIPS?
by Arby
Sun Dec 23, 2018 7:54 am
Forum: Investing - Theory, News & General
Topic: TIPS yield curve inverted at short end
Replies: 168
Views: 15740

Re: TIPS yield curve inverted at short end

I'm wondering why would anyone be on the other side of that trade?
by Arby
Sun Dec 23, 2018 6:04 am
Forum: Personal Finance (Not Investing)
Topic: Northwestern 65 Life - Keep it or dump it?
Replies: 31
Views: 2681

Re: Northwestern 65 Life - Keep it or dump it?

Thanks for all the replies! For now, I'm going to have the dividends pay the premiums from here on out just in case I need an emergency loan. I don't want to add any more $ to Northwestern. I may end up cashing it out soon (next few years?). While it is generally a bad idea to buy whole life insura...
by Arby
Sat Dec 22, 2018 1:14 pm
Forum: Personal Investments
Topic: Fidelity T Bill Auto-roll,please critique
Replies: 25
Views: 2816

Re: Fidelity T Bill Auto-roll,please critique

Earlier this month, I started buying 4 week Tbills, buying one fourth of the total purchase every week. Rates are about the same for the 4 week, 8, week, and 13 week so like the greater liquidity of the 4 week auto roll. https://www.treasury.gov/resource-center/data-chart-center/interest-rates/pages...
by Arby
Fri Dec 21, 2018 4:37 am
Forum: Personal Finance (Not Investing)
Topic: Tax Credit For The Elderly Or Disabled.
Replies: 10
Views: 891

Re: Tax Credit For The Elderly Or Disabled.

There is a comprehensive tax form based free spreadsheet you can download and play with below (or google Excel 1040 to find on your own...). I believe it has almost everything but have never looked for that credit! https://sites.google.com/site/excel1040/ Thanks! It has Schedule R. But it appears t...
by Arby
Thu Dec 20, 2018 12:48 pm
Forum: Personal Finance (Not Investing)
Topic: Tax Credit For The Elderly Or Disabled.
Replies: 10
Views: 891

Re: Tax Credit For The Elderly Or Disabled.

here are some results from a supposedly 2018 tax software.........I know some parts still have to be updated for 2018 so I don't know if it calculating the credit correctly. The normal tax for 2018 seems ok but the credit for elderly is a dusty corner and may not have been updated. FWIW: all income...
by Arby
Thu Dec 20, 2018 11:01 am
Forum: Personal Finance (Not Investing)
Topic: Tax Credit For The Elderly Or Disabled.
Replies: 10
Views: 891

Re: Tax Credit For The Elderly Or Disabled.

.................................. So it seems if my AGI was 17,500 then my tax before the credit would be $390 but after applying the credit I would pay no tax. I have a long term capital gain of about $1000. I know this gets taxed at 0%. But would that raise my AGI to $18,500 so that I wouldn't g...
by Arby
Thu Dec 20, 2018 9:54 am
Forum: Personal Finance (Not Investing)
Topic: Tax Credit For The Elderly Or Disabled.
Replies: 10
Views: 891

Re: Tax Credit For The Elderly Or Disabled.

The credit offsets taxes, not income. It is not refundable........which means you would get the minimum of the credit or your taxes. I think you will find that the credit is not very large. If your income is low,your taxes are low and would limit your credit. If your income is too high, your credit...
by Arby
Thu Dec 20, 2018 7:59 am
Forum: Personal Finance (Not Investing)
Topic: Tax Credit For The Elderly Or Disabled.
Replies: 10
Views: 891

Tax Credit For The Elderly Or Disabled.

I just turned 65 last month. Not working, living off savings, and will probably not start collecting SS until 70. My objective is to transfer as much as possible from my TIRA to my Roth while keeping within the 0% bracket. I figured that I would need to keep my AGI under $13,600 (12K standard deduct...
by Arby
Thu Dec 20, 2018 5:59 am
Forum: Personal Finance (Not Investing)
Topic: Ideas For This Unique Tax Situation?
Replies: 7
Views: 1006

Re: Ideas For This Unique Tax Situation?

Suggest you ask your HR Department if you can put 100% of your 2019 income into your 401K.
by Arby
Wed Dec 19, 2018 3:02 pm
Forum: Investing - Theory, News & General
Topic: Timing CD Buys
Replies: 19
Views: 2305

Re: Timing CD Buys

On the Fidelity website, you can look at CDs on offered on the secondary market and find out their original issue date and coupon rate.

Of course, this is by no means an easy to use reference chart but it is a crude tool that can be used in absence of a well laid out chart like the Treasury website.
by Arby
Wed Dec 19, 2018 2:05 pm
Forum: Investing - Theory, News & General
Topic: Timing CD Buys
Replies: 19
Views: 2305

Re: Timing CD Buys

Yeah, my question was whether it is possible to see how the current spread compares historically. I don't think there's a way to do that. https://www.bankrate.com/banking/cds/historical-cd-interest-rates-1984-2016/ https://www.treasury.gov/resource-center/data-chart-center/interest-rates/Pages/Text...
by Arby
Wed Dec 19, 2018 9:55 am
Forum: Investing - Theory, News & General
Topic: Timing CD Buys
Replies: 19
Views: 2305

Re: Timing CD Buys

You can cancel new issue CD orders at Fidelity but it is unclear exactly how long you have to cancel before the Settlement date. It seems to vary from bank to bank. In my experience Comenity Bank orders seem to lock in earlier than some other banks.