Search found 6824 matches

by pshonore
Fri May 29, 2020 10:44 am
Forum: Personal Finance (Not Investing)
Topic: Windfall elimination provision - What happens if you take another pension early, SS late?
Replies: 10
Views: 763

Re: Windfall elimination provision - What happens if you take another pension early, SS late?

Excellent posts from Flobes. My question is how does the social security administration "find out" about the foreign (non-SS) pension in the first place? I would imagine that this is covered by tax treaty for the governments that have one with the US. In other cases, is the social security applican...
by pshonore
Thu May 28, 2020 3:02 pm
Forum: Personal Finance (Not Investing)
Topic: Spouse filing for spousal benefits question
Replies: 14
Views: 827

Re: Spouse filing for spousal benefits question

Here's an example of a person who reached FRA (66) in 2016. The max benefit for a person retiring that year at FRA was $2639/month. If that person waited until 2020 to retire at age 70, COLAs (.3%, 2.0%, 2.8%,1.5%) would increase that to $2820 . Therefore the maximum spousal benefit would be $1410 i...
by pshonore
Thu May 28, 2020 12:53 pm
Forum: Personal Finance (Not Investing)
Topic: Spouse filing for spousal benefits question
Replies: 14
Views: 827

Re: Spouse filing for spousal benefits question

Actually OP stated "My uncle is planning on filing at full retirement age and wants to claim a spousal benefit." If he's turning 66 this year, and therefore was born after Jan 1, 1954 won't he be deemed to be filing for his own benefit as well as a Spousal benefit because of the 2015 revisions?
by pshonore
Thu May 28, 2020 11:24 am
Forum: Personal Finance (Not Investing)
Topic: Spouse filing for spousal benefits question
Replies: 14
Views: 827

Re: Spouse filing for spousal benefits question

My uncle is planning on filing at full retirement age and wants to claim spousal benefits. His wife was 70 when she first claimed her benefits. He wants to know if his benefit will be half of what his wife currently receives (having filed at 70) or will it be half of what his wife would have receiv...
by pshonore
Thu May 28, 2020 10:02 am
Forum: Personal Consumer Issues
Topic: Hiring a handyman
Replies: 23
Views: 1281

Re: Hiring a handyman

I'd at least go to HD and see what the options and costs are for screen doors. Wood, aluminum, storm? etc.
by pshonore
Thu May 28, 2020 9:45 am
Forum: Personal Finance (Not Investing)
Topic: Switching Insurance
Replies: 35
Views: 1580

Re: Switching Insurance

We've been with State Farm for decades. Now that the last kids is off the payroll, we're down to 2 cars, a home and umbrella policy. So, I think it's time to do a little shopping. I've read a lot of the threads on this subject, but have a few questions. Questions: Has anyone had success with coming...
by pshonore
Sun May 24, 2020 3:10 pm
Forum: Personal Consumer Issues
Topic: Should we drop our Long Term Care Insurance?
Replies: 15
Views: 1191

Re: Should we drop our Long Term Care Insurance?

As you say the max it will cover is 108k, and you can fund that amount from retirement savings comfortably, I'd say drop it. One cravat is if one or both of you are under care beyond 108k, at least they will pay the first 108k. Then the rest is up to you., Insurance is for protection. If you don't ...
by pshonore
Sun May 24, 2020 9:56 am
Forum: Personal Consumer Issues
Topic: What to look for when buying a table saw?
Replies: 52
Views: 2411

Re: What to look for when buying a table saw?

Don't do what I did and buy a $100 no name brand on a super sale at Lowes/Home Depot. Piece of junk. The biggest concern is the fence. It doesn't hold well, nor does it automatically align correctly in parallel with the blade. This can easily lead to binding, which can lead to kickback, etc. I find...
by pshonore
Sat May 23, 2020 9:52 am
Forum: Personal Consumer Issues
Topic: Subaru Outback vs deer
Replies: 21
Views: 1828

Re: Subaru Outback vs deer

Spouse got into a collision with a horse several years ago. Horse came down a blind driveway (riderless fortunately) and it was unavoidable. Horse expired at the scene. Spouse was lucky to not be injured. Substantial damage to vehicle was paid by horse's homeowners policy.
by pshonore
Fri May 22, 2020 2:49 pm
Forum: Personal Consumer Issues
Topic: What to look for when buying a table saw?
Replies: 52
Views: 2411

Re: What to look for when buying a table saw?

You won't be happy with a cheap table saw if you intend to make cabinets. The surface area of the table is too small to safely deal with sheets of 3/4" plywood. You can do a lot with an inexpensive table saw if you also get a track saw to go with it. You can save some money on the track saw and get...
by pshonore
Thu May 14, 2020 11:51 am
Forum: Personal Consumer Issues
Topic: Cheap Chromebook vs Laptop PC quality/options for child
Replies: 40
Views: 2148

Re: Cheap Chromebook vs Laptop PC quality/options for child

I'd go with as cheap as possible. You're probably not going to upgrade a laptop (realistically), and if they're hard on them (being kids), might as well not be out too much. I'd go with 15", Chromebook, and not bother with a touchscreen. For what my kid (7) *needs* anything with a web connection is...
by pshonore
Thu May 14, 2020 10:26 am
Forum: Personal Finance (Not Investing)
Topic: Husband Died and Spouse lack of knowledge.
Replies: 37
Views: 6139

Re: Husband Died and Spouse lack of knowledge.

Has she signed any tax returns? Looking at the latest filed return and supporting documentation would give her some info on where to start looking for more info.
by pshonore
Thu May 14, 2020 10:18 am
Forum: Personal Investments
Topic: CARES Act, 403b withdrawals, and Roth conversions
Replies: 8
Views: 540

Re: CARES Act, 403b withdrawals, and Roth conversions

The CARES Act allows those adversely affected by the coronavirus to make early withdrawals from 401K balances without the 10% penalty. As far as I can tell proof of having been infected and/or financial harmed is important, but the amount of financial harm is not. This might be helpful for at least...
by pshonore
Thu May 14, 2020 8:26 am
Forum: Personal Finance (Not Investing)
Topic: Discarding old tax returns
Replies: 62
Views: 5481

Re: Discarding old tax returns

Be mindful of info from your old returns that you need to track such as Roth IRA basis. I needed to early withdraw from my Roth to buy a house but since I started the Roth at Scottrade (no longer exists) I had to bend over backwards to get my basis. There is no requirement to report a Roth contribu...
by pshonore
Thu May 14, 2020 8:17 am
Forum: Personal Finance (Not Investing)
Topic: Discarding old tax returns
Replies: 62
Views: 5481

Re: Discarding old tax returns

duplicate
by pshonore
Wed May 13, 2020 2:42 pm
Forum: Personal Finance (Not Investing)
Topic: Leave H&R Block for Turbo Tax or what other software
Replies: 27
Views: 1295

Re: Leave H&R Block for Turbo Tax or what other software

Maybe you're single? ^^ I went to their site and answered just three questions: job, home owner, and I have investments... buttons and went right up to $80 dollars. They're trying to upsell you to the Premier version. The CD/download version of Deluxe will handle everything that Premier does. Don't...
by pshonore
Wed May 13, 2020 11:51 am
Forum: Personal Consumer Issues
Topic: [What TV Show Have You Recently Watched?]
Replies: 1910
Views: 207485

Re: [What TV Show Have You Recently Watched?]

Anyone watching "Charitie at War" on Netflix about a major German hospital in Berlin during WW2. Interesting story about how they fought the Nazi regime. All subtitled unfortunately. This is the second season. The first was set in 1888.
by pshonore
Wed May 13, 2020 10:27 am
Forum: Personal Finance (Not Investing)
Topic: Not paying auto insurance rather than cancelling
Replies: 32
Views: 2226

Re: Not paying auto insurance rather than cancelling

There’s unnecessary hand-wringing over this. In my state, the only obligation is to maintain some minimum level of insurance. When I switch carriers, the new carrier notifies both the RMV and the old carrier. If there’s any refund due from the old carrier, it’s paid out. That’s it. That may be true...
by pshonore
Wed May 13, 2020 9:07 am
Forum: Personal Finance (Not Investing)
Topic: Not paying auto insurance rather than cancelling
Replies: 32
Views: 2226

Re: Not paying auto insurance rather than cancelling

If you're talking about the renewal policy, then call or write and cancel it. Otherwise they may keep billing you and will eventually cancel for non-pay, and may bill you for premium through the cancel date. That will get messy.
by pshonore
Wed May 13, 2020 8:50 am
Forum: Personal Investments
Topic: ADP and worker's comp offer
Replies: 5
Views: 470

Re: ADP and worker's comp offer

Audits are primarily used to verify exposures. Many businesses have changing payrolls and the audit is a way to true everything up. ADP would certainlly have the details. Is ADP actually writing WC coverage? That really sounds strange. Comp is a difficult business.
by pshonore
Tue May 12, 2020 12:34 pm
Forum: Personal Finance (Not Investing)
Topic: IRS July 15 deadline impact on 2019 (not 2020) estimated taxes interest
Replies: 9
Views: 451

Re: IRS July 15 deadline impact on 2019 (not 2020) estimated taxes interest

The 4th quarter payment was due on 1/15/20. As long as you made that on time in the proper amount as well as the previous quarters (if any), there should be no additional penalty due in July. If you did not, there will be a penalty assessed through April 15.
by pshonore
Tue May 12, 2020 8:42 am
Forum: Personal Consumer Issues
Topic: How to get Toilet Paper ? seriously.
Replies: 684
Views: 55551

Re: How to get Toilet Paper ? seriously.

Went to my local Costco this past Sunday around 4 pm. Tons of toilet paper available, also paper towels but not Kirkland brand. No sanitizer, wipes or thermometers. Also no meat except for a few slabs of pork ribs. No beef, no chicken, very limited fish. There was also no checkout line because there...
by pshonore
Mon May 11, 2020 1:21 pm
Forum: Personal Investments
Topic: how to calculate annualized ROI for my 3 fund portfolio
Replies: 6
Views: 412

Re: how to calculate annualized ROI for my 3 fund portfolio

Did you reinvest dividends? If yes, then they should be reflected in your ending balances. If not, where did they go? To a cash account, etc? All inflows and outflows should be reflected in your detail entries. Rebalancing would not be a factor in any discrepency as long as its reflected in the tota...
by pshonore
Sun May 10, 2020 12:53 pm
Forum: Personal Investments
Topic: how to calculate annualized ROI for my 3 fund portfolio
Replies: 6
Views: 412

Re: how to calculate annualized ROI for my 3 fund portfolio

Familiar with Excel? Use the XIRR function. Build a simple spreadsheet with a column for dates and and a corresponing column for contributions, withdrawals, etc. If dividends are reinvested you can ignore them since they will be reflected in your totals. Here's a link to a detailed article by anothe...
by pshonore
Sat May 09, 2020 5:01 pm
Forum: Personal Finance (Not Investing)
Topic: Benefit calculation for Pandemic Unemployment self employed
Replies: 3
Views: 332

Re: Benefit calculation for Pandemic Unemployment self employed

I was denied Unemployment Insurance because I am self-employed and did not have an employer of record (the first required step to get PUA). I applied for and was approved for PUA, and have received payments. However, I question the calculation for the base benefit (not the additional $600) and have...
by pshonore
Sat May 09, 2020 10:52 am
Forum: Personal Finance (Not Investing)
Topic: 2020 Tax Credit: Stimulus & taxable Social Security
Replies: 9
Views: 521

Re: 2020 Tax Credit: Stimulus & taxable Social Security

My question is regarding any tax credit we (MFJ) might receive on our 2020 return as a result of the stimulus legislation. 2020 is the first year that either of us received Social Security. Our income for the year will be a combination of earned income, Social Security, pensions, and investment inc...
by pshonore
Fri May 08, 2020 3:31 pm
Forum: Personal Finance (Not Investing)
Topic: How Do Early Retirees Pay for Medical
Replies: 132
Views: 9736

Re: How Do Early Retirees Pay for Medical

If you a military veteran (honorable discharge), you may qualify for veterans benefits (VA Care). There may be some costs depending on your income. However, your spouse would not be covered. https://www.va.gov/health-care/eligibility/ If you read down further to in that article to " Is there anythi...
by pshonore
Fri May 08, 2020 3:19 pm
Forum: Personal Consumer Issues
Topic: COVID-19 has revealed the stark deficiencies in long-term care facilities regardless of ratings.
Replies: 80
Views: 5326

Re: COVID-19 has revealed the stark deficiencies in long-term care facilities regardless of ratings.

Nursing homes account for about 60% of the Covid-19 deaths in Connecticut. (1627 out of 2718 in total as of 5/6) That may sound high but officials have been very vigilant about counting properly . I think all the folks working there are trying their best but its a very difficult and sad situation.
by pshonore
Fri May 08, 2020 11:38 am
Forum: Personal Consumer Issues
Topic: Problems with Xfinity Internet drops
Replies: 28
Views: 1631

Re: Problems with Xfinity Internet drops

I have the Arris Surfboard DocSys 3.0 modem/router with voice as well and have not had a problem. I started with the Xfinity supplied device and bought my own to save the $15/month. I see no difference in performance in the two which are amazingly fast compared to DSL. A couple of PCs, cell phones, ...
by pshonore
Fri May 08, 2020 11:26 am
Forum: Personal Consumer Issues
Topic: Plunger reccomendation for newer toilets
Replies: 23
Views: 1279

Re: Plunger reccomendation for newer toilets

TOH did an interesting short on toilets a few months back. Supposedly flush problems can be caused by the little holes in the toilet rim getting plugged over time. Toilets that incorporate a separate water supply and well as "channel" to improve this rim wash might be the way of the future. https://...
by pshonore
Wed May 06, 2020 3:16 pm
Forum: Personal Consumer Issues
Topic: Steel-framed Residential Entry Doors
Replies: 34
Views: 2381

Re: Steel-framed Residential Entry Doors

At one time, Stanley sold replacement steel doors. These came pre-hung with a steel frame and were sized to fit into a standard 36" wood door frames. I bought one and installed it myself. Easy - remove only the existing door and screw the frame into the remaining existing jamb. It reduced the openin...
by pshonore
Wed May 06, 2020 3:02 pm
Forum: Personal Finance (Not Investing)
Topic: CARES Act Above the Line Charitable Deduction: $300 or $600 for MFJ?
Replies: 30
Views: 2795

Re: CARES Act Above the Line Charitable Deduction: $300 or $600 for MFJ?

So would an MFS filer be limited to $150? (similar to cap loss and DCFSA contributions which are limited to 50% of the MFJ amount))
by pshonore
Tue May 05, 2020 12:25 pm
Forum: Personal Consumer Issues
Topic: Medicare annual physical vs wellness visit
Replies: 58
Views: 4070

Re: Medicare annual physical vs wellness visit

I recently had a CT scan - no charge but the Radiologist did charge a $10 copay. Also saw my cardiologist - $10 copay for visit and a $10 copay for EKG (which was more than the Doc got paid for the EKG) - Medicare advantage plan from former employer. Costco seems to be the cheapest place to get shots.
by pshonore
Mon May 04, 2020 9:58 am
Forum: Personal Finance (Not Investing)
Topic: How to minimize tax witholding without a penalty?
Replies: 16
Views: 972

Re: How to minimize tax witholding without a penalty?

So you are going to forgo $20k worth of Roth conversions, a long term financial strategy, to get $900 from the IRS next year ? That seems like a poor trade off. $900 simply can't mean that much to your financial life. I've seen nothing to suggest that the stimulus check will reduce your income tax ...
by pshonore
Mon May 04, 2020 9:32 am
Forum: Personal Consumer Issues
Topic: Lawnmower recommendation
Replies: 65
Views: 3912

Re: Lawnmower recommendation

I'm a convert to electric. We have a Ryobi with a 5 Amp-hr battery and I can get two mowings on a charge, but if I had a big lawn I'd just get an extra battery. We also have a Ryobi leaf blower and hedge trimmer that use the same form-factor battery. No need to keep highly flammable liquids in the ...
by pshonore
Thu Apr 30, 2020 4:57 pm
Forum: Personal Finance (Not Investing)
Topic: Get My Payment Online IRS App
Replies: 3
Views: 222

Re: Get My Payment Online IRS App

I tried a few times and got nowhere (using 2018 numbers). Then I tried again using the AGI from the 2018 return, but checked the box "owed", put in $0 and it took it. I actually did send in a check with a voucher.
by pshonore
Wed Apr 29, 2020 3:21 pm
Forum: Investing - Theory, News & General
Topic: Roth conversion during low income year
Replies: 11
Views: 567

Re: Roth conversion during low income year

Definitely depends on how much in deductions you have and which brackets it takes you down to. Historically, we are at pretty low rates and the $12200 standard deduction is double that of the last administrations. I plan to convert some this year but I also get the benefit of the QBI deduction. Thi...
by pshonore
Tue Apr 28, 2020 9:53 am
Forum: Personal Finance (Not Investing)
Topic: Lease Buyout Negotiation
Replies: 8
Views: 554

Re: Lease Buyout Negotiation

It probably depends on the manufacturer. I've turned in different makes (GM, Nissan, RAM, etc). Went to a dealer, guy came out, walked around the car, checked the odometer, looked inside and not much else. Some checked for the Owners manual, two sets of keys, etc. Last time I offered to "sell it" to...
by pshonore
Mon Apr 27, 2020 12:28 pm
Forum: Personal Investments
Topic: Excel for Finance
Replies: 3
Views: 534

Re: Excel for Finance

Assuming you have basic Excel knowledge I'm not sure I'd buy a book. If you're talking Excel functions (IRR, NPV, PMT just to name a few), the Excel help facility does a good job of explaining those. And of course there's tons of knowledge online like https://support.office.com/en-us/article/excel-f...
by pshonore
Sun Apr 26, 2020 1:04 pm
Forum: Personal Investments
Topic: Cash Value Life Insurance--Great Idea For The Wealthy?
Replies: 20
Views: 1220

Re: Cash Value Life Insurance--Great Idea For The Wealthy?

One feature of whole life insurance is the "cash value". However, to get that cash, you have to surrender the policy, or borrow it from the policy and pay interest fees to borrow "your own" money. In addition, if the insured dies, the policy pays the insured amount and the "cash value" disappears. ...
by pshonore
Sun Apr 26, 2020 12:34 pm
Forum: Personal Finance (Not Investing)
Topic: Survivor's benefit letters from Social Security
Replies: 8
Views: 810

Re: Survivor's benefit letters from Social Security

Suggestion: Have her set up her own account at SSA Site. It will give her the numbers, the date of the next payment, where it will go. She can also get a "benefit letter" she can D/L as a PDF. I've tried and failed, even after lots of time with phone support on multiple occasions. Not to muddy the ...
by pshonore
Sat Apr 25, 2020 9:52 am
Forum: Personal Finance (Not Investing)
Topic: Moving out of NYC due to pandemic
Replies: 164
Views: 12706

Re: Moving out of NYC due to pandemic

I did my training in NYC and now work with the surgeons who trained me. I am not going to find similar group of supportive people again. Also, as an early career physician, my compensation is almost at the top percentile. Otherwise, I do not have much allure for NYC as such. Everything is so expens...
by pshonore
Fri Apr 24, 2020 2:23 pm
Forum: Personal Finance (Not Investing)
Topic: DD filed not dependent
Replies: 44
Views: 2606

Re: DD filed not dependent

My daughter is 21, a full-time student, she doesn't support herself, lives with us when not at school, etc. She's our dependent, at least for 2019. If she gets a full-time job this year, then she would not be our dependent for 2020, correct? We thought we did coordinate on taxes, but clearly not en...
by pshonore
Fri Apr 24, 2020 11:47 am
Forum: Personal Finance (Not Investing)
Topic: DD filed not dependent
Replies: 44
Views: 2606

Re: DD filed not dependent

My daughter is 21, a full-time student, she doesn't support herself, lives with us when not at school, etc. She's our dependent, at least for 2019. If she gets a full-time job this year, then she would not be our dependent for 2020, correct? We thought we did coordinate on taxes, but clearly not en...
by pshonore
Fri Apr 24, 2020 8:51 am
Forum: Personal Finance (Not Investing)
Topic: CARES stimulus check for elderly parents
Replies: 15
Views: 1370

Re: CARES stimulus check for elderly parents

Do you provide more than half of their support? The law states if they can be claimed as a dependent they don’t get stimulus check. So even if they can be claimed and you choose not to they aren’t supposed to get the stimulus legally speaking. If you provide more than half of their support they can...
by pshonore
Fri Apr 24, 2020 8:23 am
Forum: Personal Finance (Not Investing)
Topic: Moving out of NYC due to pandemic
Replies: 164
Views: 12706

Re: Moving out of NYC due to pandemic

I did my training in NYC and now work with the surgeons who trained me. I am not going to find similar group of supportive people again. Also, as an early career physician, my compensation is almost at the top percentile. Otherwise, I do not have much allure for NYC as such. Everything is so expens...
by pshonore
Thu Apr 23, 2020 8:08 am
Forum: Personal Investments
Topic: AAPL MSFT GOOG AMZN ???
Replies: 85
Views: 6479

Re: AAPL MSFT GOOG AMZN ???

I'd add COST as well.
by pshonore
Wed Apr 22, 2020 5:06 pm
Forum: Personal Finance (Not Investing)
Topic: Undoing your already-taken RMD for 2020
Replies: 117
Views: 7278

Re: Undoing your already-taken RMD for 2020

I'm still trying to figure where the Feb 1 date came from. Why Feb 1? it would have been just as easy to say Jan 1 and then no one would be complaining.
by pshonore
Wed Apr 22, 2020 4:32 pm
Forum: Personal Finance (Not Investing)
Topic: DD filed not dependent
Replies: 44
Views: 2606

Re: DD filed not dependent

My daughter is 21, a full-time student, she doesn't support herself, lives with us when not at school, etc. She's our dependent, at least for 2019. If she gets a full-time job this year, then she would not be our dependent for 2020, correct? We thought we did coordinate on taxes, but clearly not en...
by pshonore
Wed Apr 22, 2020 11:29 am
Forum: Personal Investments
Topic: question about investing in oil, USO
Replies: 18
Views: 2786

Re: question about investing in oil, USO

Rather than USO, a better bet would be investing in a Master Limited Partnership (MLP) or royalty trust that's engaged in producing oil or gas. When the price of oil goes up, the amount of money these companies receive more money for the oil and gas they pump out of the ground. Be careful which one...