Search found 6840 matches

by pshonore
Fri Sep 18, 2020 6:16 pm
Forum: Personal Investments
Topic: Best brokerage for PSLDX?
Replies: 9
Views: 695

Re: Best brokerage for PSLDX?

I believe E-Trade has no minimum, but does charge a $19.95 fee per transaction.
by pshonore
Fri Sep 11, 2020 12:48 pm
Forum: Personal Investments
Topic: Teacher Retirement Service Purchase Option Analysis Needed
Replies: 27
Views: 2065

Re: Teacher Retirement Service Purchase Option Analysis Needed

Another data point - until the mid 1990s, I believe most retirement plans that required contributions by employees (like teachers and other government employees) were always post tax. And about the same time, those same folks if not contributing to SS, were required to contribute the 1.45% Medicare ...
by pshonore
Wed Sep 09, 2020 9:16 pm
Forum: Personal Investments
Topic: Teacher Retirement Service Purchase Option Analysis Needed
Replies: 27
Views: 2065

Re: Teacher Retirement Service Purchase Option Analysis Needed

The other consideration is whether to pay for the additional service credit using a defined contribution account like a 403(b). If you do, the additional pension income will be taxable. If you use non-retirement funds, the extra income won't be taxable. The problem for teachers, especially in two i...
by pshonore
Sat Sep 05, 2020 9:47 am
Forum: Investing - Theory, News & General
Topic: Moving my wife's investments to Schwab?
Replies: 64
Views: 4181

Re: Moving my wife's investments to Schwab?

Another data point: Spouse and I have transferred VWINX (Wellesley) holdings in kind from Vanguard to Fido and Etrade respectively. In both cases it was quick and easy.
by pshonore
Fri Sep 04, 2020 9:52 am
Forum: Personal Finance (Not Investing)
Topic: Life Insurance Question - Take Cash Surrender Value
Replies: 15
Views: 1105

Re: Life Insurance Question - Take Cash Surrender Value

Be careful about adding too much cash. You can wind up with a modified endowment contract.

https://blog.massmutual.com/post/mec-rules
by pshonore
Wed Sep 02, 2020 6:43 pm
Forum: Personal Finance (Not Investing)
Topic: State Residency - When does it change?
Replies: 22
Views: 1902

Re: State Residency - When does it change?

Hopefully your employer has been withholding OH State taxes since you started working online from there in April. Have you checked your pay stubs? I doubt you could make a case for August.
by pshonore
Tue Sep 01, 2020 10:25 am
Forum: Personal Finance (Not Investing)
Topic: Long Term Care Insurance
Replies: 8
Views: 518

Re: Long Term Care Insurance

I have a Long Term Care Insurance policy. Every three years I get the option of increasing my coverage to keep up with inflation. That third year just came up. The premium increase was 50% but the dollar amount of the coverage increase was only about 16%. A call to the company did not get an explan...
by pshonore
Mon Aug 31, 2020 10:52 am
Forum: Investing - Theory, News & General
Topic: MLPs are not included in S&P500
Replies: 18
Views: 1597

Re: MLPs are not included in S&P500

EPD = Enterprise Products Partners = "Enterprise Products Partners L.P." which "is an American midstream natural gas and crude oil pipeline company" MMP = Magellan Midstream Partners which "owns ammonia and petroleum pipelines." ET = Energy Transfer Partners = "a company engaged in natural gas and ...
by pshonore
Sun Aug 30, 2020 4:21 pm
Forum: Investing - Theory, News & General
Topic: MLPs are not included in S&P500
Replies: 18
Views: 1597

Re: MLPs are not included in S&P500

MLPX ETF (has both MLPs and also corporate midstreams). Corporate midstreams are like Kinder Morgan, Enbridge, TC energy. The corporate midstreams are included in stock indexes, such as the S&P 500 or Intl' Indexes. If you are looking for broad midstream energy exposure this ETF will do the trick. ...
by pshonore
Thu Aug 20, 2020 10:09 am
Forum: Personal Finance (Not Investing)
Topic: Am I entitled to bring in my own real estate agent after a showing by the listing agent?
Replies: 39
Views: 3447

Re: Am I entitled to bring in my own real estate agent after a showing by the listing agent?

You can use any agent to show you a house, BUT that agent will then be entitled to the selling share (50%) of commission as they will claim they were the "procuring cause" of the sale. Years ago, I was a listing agent on a house that got an offer through another agency (very common). The lowball off...
by pshonore
Sun Aug 16, 2020 12:43 pm
Forum: Personal Consumer Issues
Topic: Should I purchase a whole house generator?
Replies: 321
Views: 15727

Re: Should I purchase a whole house generator?

smitcat, That works for me. If I could get a transfer switch that did the whole panel, I could go with the 120 volt generator. A manual transfer switch will not do the entire panel. Most manual transfer switches 'extend' specifcally assigned circuits outside the panel to a sub panel and allow the o...
by pshonore
Mon Aug 10, 2020 1:43 pm
Forum: Personal Investments
Topic: Master Limited Partnerships (MLPs) and taxes
Replies: 47
Views: 2514

Re: Master Limited Partnerships (MLPs) and taxes

There are really only two things that trigger UBTI; one is a positive number in Box 1 of the K1 and the other is recapture upon sale. Distributions are not considered UBTI. Unfortunately, the Investopedia article cited is incorrect. In a taxable account, distributions received after basis is below ...
by pshonore
Sat Aug 08, 2020 9:46 pm
Forum: Personal Investments
Topic: Master Limited Partnerships (MLPs) and taxes
Replies: 47
Views: 2514

Re: Master Limited Partnerships (MLPs) and taxes

The investopedia article is mixing up the MLP cash distributions with the taxable income based on its verbiage.... However, this is still risky because 1) eventually the partner's basis will be reduced significantly due to passive and at-risk loss limitation rules, so the income shielding will flip...
by pshonore
Fri Aug 07, 2020 6:38 pm
Forum: Personal Investments
Topic: Master Limited Partnerships (MLPs) and taxes
Replies: 47
Views: 2514

Re: Master Limited Partnerships (MLPs) and taxes

My MLP has a high % payout; but since I only bought about $1000 worth, to start (now worth about 2k -- luck, just happened to buy while it was down) will give about $150-$200 per year in dividends. This is in my IRA Roth. Do I need to worry about K1's at all. What about when I sell the stock. Will ...
by pshonore
Tue Jun 02, 2020 2:22 pm
Forum: Personal Finance (Not Investing)
Topic: Filing taxes with new business
Replies: 4
Views: 268

Re: Filing taxes with new business

Hi all, So I started a business in 2019 and have very minimal revenue, less than $400. I got an EIN so that I could open a Solo 401k and rollover an old rollover IRA. I opened the Solo 401k last month. I'm about to start filing taxes for 2019 (taking full advantage of the extended deadline). My que...
by pshonore
Sat May 30, 2020 9:30 am
Forum: Personal Consumer Issues
Topic: Necessary to clean the clothes dryer? How? Ticks?
Replies: 17
Views: 1427

Re: Necessary to clean the clothes dryer? How? Ticks?

I'd be more concerned about the ticks on ME after I take off my clothes. I've not found many on clothes but probably find a dozen or more on me each year. (I spend a fair amount of time outside from April to October). And I think the dog may bring in some. He is on tick preventive but I believe some...
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: 11
Views: 1223

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: 958

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: 958

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: 958

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: 1491

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: 40
Views: 2109

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: 1284

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: 53
Views: 2899

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: 1962

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: 53
Views: 2899

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: 2337

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: 6233

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: 594

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: 5627

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: 5627

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: 32
Views: 1779

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: 2118
Views: 225101

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: 2275

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: 2275

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: 490

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: 468

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: 57221

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: 428

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: 428

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: 366

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: 548

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: 10113

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: 5562

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: 1772

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: 1367

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: 2439

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: 44
Views: 4280

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: 4137

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: 986

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 ...