Search found 8 matches

by Docc
Thu Apr 02, 2020 12:34 am
Forum: Personal Finance (Not Investing)
Topic: College choice dilemma
Replies: 167
Views: 8025

Re: College choice dilemma

Princeton does not have a management major or minor. I would go with Vanderbilt if he is truly planning on a major in electrical engineering. Why waste that much money for the name recognition? This from a Princetonian.
by Docc
Tue Feb 04, 2020 1:23 pm
Forum: Personal Finance (Not Investing)
Topic: Anyone purchased pension service credits?
Replies: 18
Views: 1422

Re: Anyone purchased pension service credits?

Mine is based on the average salary that will be used to calculate our pension times a percentage based on age. My current age related percentage is 32%. Our average salary is the average of the highest three years with the first of the three years no more than 1.08% of the fourth highest year of sa...
by Docc
Fri Jan 03, 2020 11:49 pm
Forum: Personal Finance (Not Investing)
Topic: Medical school at 34 - Is this financial suicide?
Replies: 116
Views: 10490

Re: Medical school at 34 - Is this financial suicide?

I went back at 35 after leaving corporate America. Single parent of five children. Left residency the end of 2004. I plan to retire the end of 2021 or 2022 with a yearly income over $200000. I won’t be getting SS until 70, and I won’t take my RMDs until 72, so these are not included in the $200,000....
by Docc
Thu Jun 27, 2019 11:22 pm
Forum: Personal Finance (Not Investing)
Topic: Tax mistake
Replies: 23
Views: 3072

Re: Tax mistake

F/U: The IRS can make a mistake. They did an AMT form for me and placed my taxable income on line 4 of the 2017 AMT form (mortgage interest). They thereby doubled my income. I made an appointment with my local IRS consumer office after the IRS agent I talked to requested I refill my AMT and request ...
by Docc
Thu Feb 21, 2019 7:28 am
Forum: Personal Finance (Not Investing)
Topic: Tax mistake
Replies: 23
Views: 3072

Re: Tax mistake

Not a scam. They calculated my taxable income as $185k versus my calculation of $187K.They don’t think I am hiding income. I have the money to pay this absurd amount, but I was just curious if anyone had a similar experience. In talking to a representative, I believe it is related to the AMT form I ...
by Docc
Wed Feb 20, 2019 2:51 pm
Forum: Personal Finance (Not Investing)
Topic: Tax mistake
Replies: 23
Views: 3072

Re: Tax mistake

You guys are tough. I was trying to be brief. I did not itemize; even though, I pay state taxes. I see no point given the AMT. Don’t care if this is foolish, not my concern at this time. I have a 457 and 401 k that reduced my income, so I did not itemize them on my tax return; you are correct. Net t...
by Docc
Tue Feb 19, 2019 11:33 pm
Forum: Personal Finance (Not Investing)
Topic: Tax mistake
Replies: 23
Views: 3072

Tax mistake

I just received a letter from the IRS stating I owe them taxes. The effective tax rate would be 64% of my taxable income per their calculation of my income, which was lower than my calculation. Is there anyway to come up with a tax rate of 64%? Has anyone had the IRS make this kind of mistake? My on...
by Docc
Mon Feb 18, 2019 1:15 am
Forum: Personal Consumer Issues
Topic: Travel to Cuba
Replies: 42
Views: 3737

Re: Travel to Cuba

I went to Cba independently two years ago with my teenager. I made all my own arrangements using the equivalent of AirBnB. We got our visa at the airport when we switched planes in NY. We used local buses in Havana. We traveled to Trinidad via taxi with 4 other travelers from Around the world. We on...