Search found 55 matches

by Chip Munk
Fri Nov 22, 2019 7:26 pm
Forum: Personal Finance (Not Investing)
Topic: New Massachusetts Medicare Supplement 1A
Replies: 5
Views: 524

Re: New Massachusetts Medicare Supplement 1A

There is some interesting "fine print" about switching between Massachusetts Medicare Supplement plans, specifically Supplement 1 and the new Supplement 1A plan. The following information is listed on the Medicare Supplement sign-up forms from two different insurers: If you newly enroll in a Medicar...
by Chip Munk
Sat Oct 05, 2019 2:50 pm
Forum: Personal Investments
Topic: Retiree income- file for SS early or draw from IRA first?
Replies: 19
Views: 1794

Re: Retiree income- file for SS early or draw from IRA first?

@Chip Munk- I did learn about IRMAA as DH signed up for Medicare already. Our income this yr will be half of last so should be ok when I apply in 2021? This can be an issue when doing Roth conversions. Funds you withdraw from tax-deferred accounts or convert to a Roth add to your income for that ta...
by Chip Munk
Sat Oct 05, 2019 1:01 pm
Forum: Personal Investments
Topic: Retiree income- file for SS early or draw from IRA first?
Replies: 19
Views: 1794

Re: Retiree income- file for SS early or draw from IRA first?

Here are a couple of things I've learned on this site that we're using in our own planning. At most 85% of Social Security is subject to federal tax and there is no state tax on SS in most states, mine included. IRA withdrawals are 100% taxable both at the federal level and in my state. So for us, i...
by Chip Munk
Fri Oct 04, 2019 11:45 pm
Forum: Personal Finance (Not Investing)
Topic: New Massachusetts Medicare Supplement 1A
Replies: 5
Views: 524

Re: New Massachusetts Medicare Supplement 1A

Whatever the cost, consider it an improvement over the rather draconian, "either or" choice of the Supplement 1 (twin to Plan F) or the skimpy, bare-bones Core plan. Nothing in-between :( This is why I've been anxiously waiting for this information. I currently have the bare-bones Core plan but wil...
by Chip Munk
Fri Oct 04, 2019 3:01 pm
Forum: Personal Finance (Not Investing)
Topic: New Massachusetts Medicare Supplement 1A
Replies: 5
Views: 524

New Massachusetts Medicare Supplement 1A

I've been waiting to see what new Medicare Supplement plan Massachusetts would offer given that first dollar coverage plans will no longer be available to new enrollees in 2020. In the last couple of days, I've seen a couple of references to a "Medicare Supplement 1A" plan for 2020. Based on a compa...
by Chip Munk
Sun Sep 29, 2019 3:47 pm
Forum: Personal Consumer Issues
Topic: Beyond Meat Burger? Do you like?
Replies: 119
Views: 9520

Re: Beyond Meat Burger? Do you like?

I've been a vegetarian for a long time and have tried many different veggie burgers. Both DH and I think the Beyond burger has an odd aftertaste but we both like the Impossible burger. I've also had meatballs made from Impossible burger and they were excellent.
by Chip Munk
Sun Sep 29, 2019 1:48 pm
Forum: Personal Finance (Not Investing)
Topic: Capital One 360 shaking up savings accounts
Replies: 34
Views: 11588

Re: Capital One 360 shaking up savings accounts

We have a Capital One 360 Money Market account that I use to hold 6-12 months of living expenses, with monthly transfers to our checking account at a brick and mortar bank. I have an ATM card for the Money Market account that I can use if we ever need some quick emergency cash. It looks like the ne...
by Chip Munk
Sun Sep 29, 2019 11:53 am
Forum: Personal Finance (Not Investing)
Topic: Capital One 360 shaking up savings accounts
Replies: 34
Views: 11588

Re: Capital One 360 shaking up savings accounts

We have a Capital One 360 Money Market account that I use to hold 6-12 months of living expenses, with monthly transfers to our checking account at a brick and mortar bank. I have an ATM card for the Money Market account that I can use if we ever need some quick emergency cash. It looks like the new...
by Chip Munk
Fri Sep 27, 2019 1:29 pm
Forum: Personal Finance (Not Investing)
Topic: Extended warranty transfer dispute with private truck seller
Replies: 36
Views: 2048

Re: Extended warranty transfer dispute with private truck seller

My dealer likely knows nothing about my ext warranty as I bought it online through flood ford. Perhaps he did that? Dealer ext warranties are a high priced joke. I agree, the local dealerships' prices on extended warranties are ridiculous. Fortunately, we were able to get our local dealership to ma...
by Chip Munk
Tue Sep 24, 2019 12:31 pm
Forum: Personal Finance (Not Investing)
Topic: CMS direct debit hit twice [Medicare]
Replies: 47
Views: 3491

Re: CMS direct debit hit twice [Medicare]

Online payment is finally available on Meducare.gov and I think it may be time to discontinue the EasyPay and join the online pay wagon. I just started Medicare and thought EasyPay would be easier. Guess not! I wonder if the double dipping problem will be fixed before the end of this century. :-) M...
by Chip Munk
Sat Sep 21, 2019 5:15 pm
Forum: Personal Finance (Not Investing)
Topic: CMS direct debit hit twice [Medicare]
Replies: 47
Views: 3491

Re: CMS direct debit hit twice [Medicare]

I noticed the same issue earlier today -- four debits for Part B premiums for DH and me instead of the usual two. Just logged into my bank account and I also have two credits so in my case the extra debits have already been corrected.
by Chip Munk
Sun Sep 08, 2019 5:45 pm
Forum: Personal Finance (Not Investing)
Topic: Capital Gains Confusion
Replies: 4
Views: 537

Re: Capital Gains Confusion

Did I get taxed twice on the sale or just make a mistake when preparing my taxes? Your long-term capital gain is part of your total taxable income. That calculation is done on your form 1040 where the amount from Schedule 1 is added to your wages, dividends, pensions, etc. Since capital gains are t...
by Chip Munk
Tue Sep 03, 2019 1:03 pm
Forum: Personal Finance (Not Investing)
Topic: Question on Med Supp / Part D plans
Replies: 17
Views: 1254

Re: Question on Med Supp / Part D plans

With SSA offices (and their computers) known to operate at a snail pace for most everything, you really don't want the extra hassle of trying to keep up with making the necessary changes to make sure new company is being paid promptly. I have to do that now with Aetna's third party payment processo...
by Chip Munk
Mon Sep 02, 2019 12:41 pm
Forum: Personal Consumer Issues
Topic: Any Happy DVC owners here? [Disney Vacation Club]
Replies: 61
Views: 5362

Re: Any Happy DVC owners here? [Disney Vacation Club]

Yeah, it's a bit strange even coming from a DVC owner. I think it's some combination of: 1. Nostalgia - Disney has figured out how to dominate among young children, so even when you are older there is something about the place that remains pleasant. 2. Separation from the real world - They call it ...
by Chip Munk
Mon Sep 02, 2019 11:06 am
Forum: Personal Consumer Issues
Topic: New car delivery - what to check?
Replies: 22
Views: 1657

Re: New car delivery - what to check?

A tip I read on a car forum is to take it for a test drive before signing the paperwork, just to make sure there is nothing wrong with the car.
by Chip Munk
Mon Sep 02, 2019 10:42 am
Forum: Personal Consumer Issues
Topic: Any Happy DVC owners here? [Disney Vacation Club]
Replies: 61
Views: 5362

Re: Any Happy DVC owners here? [Disney Vacation Club]

Yes, it's not really clear how well it fits for OP. I do think a lot of people buy into DVC who really shouldn't be. It's easy to sucked into it, especially when you actually on vacation there. 50 years is a long time, it's a big commitment. Just to clarify since this is frequently a point of confu...
by Chip Munk
Mon Sep 02, 2019 8:47 am
Forum: Personal Finance (Not Investing)
Topic: Question on Med Supp / Part D plans
Replies: 17
Views: 1254

Re: Question on Med Supp / Part D plans

She’s also gone on the Medicare.gov site and entered her drugs to see who would give her the lowest out of pocket on Part D plans. If she is planning to get one or both doses of Shingrix this year, she should enter that as well. It's not covered by Medicare, but is usually covered by Part D plans a...
by Chip Munk
Sun Sep 01, 2019 2:17 pm
Forum: Personal Finance (Not Investing)
Topic: Question on Med Supp / Part D plans
Replies: 17
Views: 1254

Re: Question on Med Supp / Part D plans

I recently signed up with Aetna for both Medigap Plan G and Medicare Part D. Aetna was not the lowest provider for Plan G but I decided to go with it because it has one of the best ratings in Texas and the cost difference is not that significant (about $20 a month). Once I decided on Aetna, I went ...
by Chip Munk
Sat Aug 31, 2019 12:22 pm
Forum: Personal Consumer Issues
Topic: Any Happy DVC owners here? [Disney Vacation Club]
Replies: 61
Views: 5362

Re: Any Happy DVC owners here?

I second the recommendation to spend time on the Disney Vacation Club sub-boards on the disboards.com. That's where I did my research before purchasing DVC 14 years ago. DVCnews.com and DVCinfo.com are a couple of other good sites with good static information as well as a forum. DVC works well for u...
by Chip Munk
Fri Aug 30, 2019 3:22 pm
Forum: Investing - Theory, News & General
Topic: Vanguard Personal Advisor
Replies: 28
Views: 2034

Re: Vanguard Personal Advisor

The recent discussions about a "team" approach does concern me. He has mostly worked with one advisor, with a few details being passed on to other parts of the office or VG. Changing that one advisor approach would be a concern. As far as I'm aware, only one person reported this, and no other PAS c...
by Chip Munk
Mon Aug 26, 2019 1:21 am
Forum: Personal Consumer Issues
Topic: Niagara Falls!
Replies: 32
Views: 2430

Re: Niagara Falls!

Prior to a trip to Canada a few years ago, I had read that if you will be driving into Canada, you are required to have proof of insurance with you. I called my insurance company and they emailed me a "CANADA NON-RESIDENT INTER-PROVINCE MOTOR VEHICLE LIABILITY INSURANCE CARD" as a PDF. I printed it ...
by Chip Munk
Thu Aug 22, 2019 11:44 am
Forum: Personal Investments
Topic: I'm signing up for Vanguard PAS...
Replies: 40
Views: 4739

Re: I'm signing up for Vanguard PAS...

Anywho, back to the original point of this discussion the specific person you usually speak to may go on vacation or be hard to reach for a period of time, but Vanguard is going to a system where your account is not officially listed under any one person. Translation: you may be free to call Steve/...
by Chip Munk
Wed Aug 21, 2019 3:23 pm
Forum: Personal Investments
Topic: Vanguard Change to Personal Adviser Services
Replies: 29
Views: 2818

Re: Vanguard Change to Personal Adviser Services

Vanguard last week made a change to the way you interact with PAS (Personal Advisor Services). Now instead of always speaking to your own PA you are routed to a "pool" of "with more specialized client service teams." I am a PAS client. The message I received last week suggested to me that I would b...
by Chip Munk
Sat Aug 17, 2019 3:05 pm
Forum: Personal Finance (Not Investing)
Topic: Social Security -- Take it at 62, 67 or 70
Replies: 329
Views: 29003

Re: Social Security -- Take it at 62, 67 or 70

Have you considered taking your soc. sec at some age between62 - 64 and for your wife to apply for spousal benefits at her FRA. She would then receive half of your PIA until age 70 at which time she would apply for her own benefits. I am not sure what the procedures are for this scenario today, but...
by Chip Munk
Thu Jul 25, 2019 11:05 pm
Forum: Personal Consumer Issues
Topic: Electrician required to replace rocker light switches with PIR motion detecting light switches?
Replies: 36
Views: 3168

Re: Electrician required to replace rocker light switches with PIR motion detecting light switches?

Recently I was about to rewire a switch that is in a 2-gang electrical box. After turning off power to that circuit, I was surprised to discover that the other switch in the box was on a different circuit, and therefore, still live. So if there is another switch in the same electrical box, don't ass...
by Chip Munk
Wed Jun 19, 2019 9:49 pm
Forum: Personal Consumer Issues
Topic: My Cost of Progressive Lenses/glasses - did I pay too much?
Replies: 69
Views: 4689

Re: My Cost of Progressive Lenses/glasses - did I pay too much?

Does Costco's money back guarantee not apply to prescription eye glasses? I didn't ask. The main reason I got new glasses is because I started having trouble reading with my old glasses. The new progressives from Costco work better for reading than any pair of progressives I've ever had, so I opted...
by Chip Munk
Tue Jun 18, 2019 2:28 pm
Forum: Personal Investments
Topic: Pension Lump Sum amount drops after age 65
Replies: 20
Views: 1416

Re: Pension Lump Sum amount drops after age 65

My megacorp's pension plan is also managed by Fidelity so I'm familiar with the tool you are using, at least the version that applies to my megacorp's pension plan. Towards the bottom of the columns of data for each scenario, is there a section titled "Retroactive Benefit" with a section titled "Sin...
by Chip Munk
Mon Jun 17, 2019 8:09 pm
Forum: Personal Consumer Issues
Topic: My Cost of Progressive Lenses/glasses - did I pay too much?
Replies: 69
Views: 4689

Re: My Cost of Progressive Lenses/glasses - did I pay too much?

My previous pair of glasses were around $800. They are progressives, great quality lenses, AR coating, Transitions, etc. They worked well for 18 months, until I started having trouble reading. I had my eyes checked, got a new prescription and decided to give Costco's optical department a try after m...
by Chip Munk
Tue Jun 11, 2019 6:56 pm
Forum: Personal Consumer Issues
Topic: Passport photos cheap
Replies: 55
Views: 3429

Re: Passport photos cheap

Those folks have gotten a lot more stringent at the passport office (or I am failing at photography :oops: ) but after an unblemished record for two decades, I failed the last two times with the passport photos for myself and DW. Then had to get them at local AAA after paying an arm and a leg. Did ...
by Chip Munk
Sat Jun 01, 2019 12:23 am
Forum: Personal Consumer Issues
Topic: Getting out of timeshare
Replies: 13
Views: 2864

Re: Getting out of timeshare

What brand of timeshare is it? Many are worthless, unfortunately, but if it's a Marriott, or Hilton or Disney, it will be worth something. There are timeshare forums that might be helpful. The "Timeshare Users Group" is one that I've heard of, or look for forums specific to the timeshare she owns. I...
by Chip Munk
Thu May 16, 2019 4:35 pm
Forum: Personal Finance (Not Investing)
Topic: Can wife Top off her Social Security benefits?
Replies: 33
Views: 4303

Re: Can wife Top off her Social Security benefits?

Today I called FIVE other SSA offices in my state. TWO said the same thing I heard the other day, TWO said what I heard from you guys and ONE had no clue what I was asking, he kept saying I had to submit an application to find out the benefit. I said "you can go back to your sleep. I am sorry I int...
by Chip Munk
Sat May 04, 2019 8:15 pm
Forum: Personal Investments
Topic: Short Term Treasury Fund for Cash Savings?
Replies: 28
Views: 3003

Re: Short Term Treasury Fund for Cash Savings?

*Now* I'm beginning to get it. I just went to the treasury direct site and I see I can buy the 8-week T-Bills on the auction date, 5/9/19. The announcement is 5/7/19. Fidelity will post the 8-week bills on their site some time in the afternoon on the announcement date (Tuesday). Plan to place your ...
by Chip Munk
Sat May 04, 2019 6:46 pm
Forum: Personal Investments
Topic: Short Term Treasury Fund for Cash Savings?
Replies: 28
Views: 3003

Re: Short Term Treasury Fund for Cash Savings?

Thanks mojo88 and MotoTrojan. Any suggestions on where I can learn about how to purchase individual T-Bills and auto-rolling? A tutorial somewhere? This sounds like a great option. As stated, I use Fidelity. I just started buying treasuries in my Fidelity account. There is a very helpful tutorial h...
by Chip Munk
Sat May 04, 2019 3:05 pm
Forum: Personal Consumer Issues
Topic: Canadian Pharmacies
Replies: 27
Views: 2768

Re: Canadian Pharmacies

I use Mark Marine Pharmacy. Their website is www.rxcanada4less.com. They are 100% legitimate and have a physical pharmacy in British Columbia. I get a temperature sensitive medicine from them, and I pay to get it shipped express in a chilled box. You will need to send them a paper prescription. It ...
by Chip Munk
Fri May 03, 2019 2:50 pm
Forum: Personal Investments
Topic: I tried to use Fidelity to buy a Treasury Bill today - did I do it correctly?
Replies: 32
Views: 2777

Re: I tried to use Fidelity to buy a Treasury Bill today - did I do it correctly?

I recently bought some 4-week Treasury Bills for the first time. I followed the step-by-step instructions that tfb posted here: https://thefinancebuff.com/treasury-bills-cd-money-market.html (thank you very much Harry -- very helpful.) Be aware that the Order Execution information from Fidelity is c...
by Chip Munk
Tue Apr 30, 2019 5:49 pm
Forum: Personal Investments
Topic: My fee only advisor at .8%
Replies: 57
Views: 9100

Re: My fee only advisor at .8%

Wpines:Thank you. “Do you think you can depend on vanguard PAS during the down markets to know what to do with your money?” I think Vanguard would know what to do, same thing we would recommend — nothing...hold and rebalance back to target AA if off by more than 5%. Paul I'm in the PAS program. I r...
by Chip Munk
Sun Apr 28, 2019 8:08 pm
Forum: Personal Finance (Not Investing)
Topic: Retroactive Pension Benefit Calculation
Replies: 6
Views: 485

Re: Retroactive Pension Benefit Calculation

If I look at 12 monthly payments of $692.61, assuming one month of interest at 0.489% on one payment, two months of interest (compounded monthly) on the next payment, three months of interest ...... Thank you for spelling this out. This is exactly what I overlooked when trying to calculate the rate...
by Chip Munk
Sun Apr 28, 2019 7:50 pm
Forum: Personal Finance (Not Investing)
Topic: Retroactive Pension Benefit Calculation
Replies: 6
Views: 485

Re: Retroactive Pension Benefit Calculation

The interest rate is usually stated in the section on actuarial equivalence in the plan document. You should check it to confirm the rate. A few days ago, I read the document page by page. It's a PDF so I then went back again searching for the word "interest" and still could not find that informati...
by Chip Munk
Sun Apr 28, 2019 7:33 pm
Forum: Personal Finance (Not Investing)
Topic: Retroactive Pension Benefit Calculation
Replies: 6
Views: 485

Re: Retroactive Pension Benefit Calculation

Thank you very much for your reply! It appears that the calculation must be based on the "50%" column, by noting the one-month number of $696.00 (presumably reflecting one month of interest accrual) makes sense if you're accruing interest on $692.61. The interest rate is a monthly rate of ($696.00 /...
by Chip Munk
Sun Apr 28, 2019 4:14 pm
Forum: Personal Finance (Not Investing)
Topic: Retroactive Pension Benefit Calculation
Replies: 6
Views: 485

Retroactive Pension Benefit Calculation

I'm hoping that someone can help me figure out whether I should delay the start of my pension payments. The pension plan states that my benefit commencement date can be no later than the first of the month following the month I turn 65. I am not entitled to any interest credits if I delay starting m...
by Chip Munk
Sat Apr 13, 2019 10:47 pm
Forum: Personal Finance (Not Investing)
Topic: Site for Car Rental in Major City
Replies: 8
Views: 866

Re: Site for Car Rental in Major City

Are you a Costco member? I've gotten good deals a few times renting a car on Costco's travel site. If you rent through Costco, you can add a second driver for no extra charge with Alamo and Avis, and maybe also Enterprise and Budget.
by Chip Munk
Sat Apr 13, 2019 3:16 pm
Forum: Personal Finance (Not Investing)
Topic: Medigap pricing and Medicare generally
Replies: 21
Views: 1517

Re: Medigap pricing and Medicare generally

Thank you to diy60 and Spirit Rider for correcting the info I posted.

I signed up for Part B three months before the month in which I turned 65. After I got my Medicare number, I was able to sign up for a Medigap plan, that is scheduled to start the same month as Medicare A and B.
by Chip Munk
Sat Apr 13, 2019 12:20 pm
Forum: Personal Finance (Not Investing)
Topic: Medigap pricing and Medicare generally
Replies: 21
Views: 1517

Re: Medigap pricing and Medicare generally

1) Are there web sites which list the available Medigap plans, and their pricing, in a given area? We're in NYC if that helps. As already suggested, go to medicare.gov Click on "Supplements & Other Insurance" and in the menu that appears, click on "Find a Medigap Policy". Enter your zipcode and tak...
by Chip Munk
Thu Apr 11, 2019 3:37 am
Forum: Personal Consumer Issues
Topic: How Much Do You Pay For Haircut?
Replies: 115
Views: 7266

Re: How Much Do You Pay For Haircut?

Another Flowbee owner here! I bought one just over 2 years ago. I cut my DH's hair and my own too (I have fairly short hair). I have a trimmer to clean up the neckline and around the ears. Before the Flowbee, I was spending $42 per hair cut ($35 plus a $7 tip). DH was spending about $30 ($25 plus $5...
by Chip Munk
Sun Apr 07, 2019 1:10 pm
Forum: Personal Finance (Not Investing)
Topic: Form 8606
Replies: 9
Views: 780

Re: Form 8606

3. Sorry, the penalty was for underpayment of taxes. Twice so far, the IRS has revised the penalty rules for 2018. At this point, if you paid at least 80% of what you owe for 2018 (down from the usual 90%) you do not owe a penalty. It's not clear if the tax software companies have issued updates to...
by Chip Munk
Mon Apr 01, 2019 1:40 pm
Forum: Personal Consumer Issues
Topic: Family flying - picking seats at booking
Replies: 75
Views: 5448

Re: Family flying - picking seats at booking

All else fails, ask the flight attendant/other passengers to exchange seats. Based on posts I've read on other travel-related forums, many passengers who have paid for better seats state that they would not give up those seats. When I've seen this happen on Southwest flights, the flight attendant u...
by Chip Munk
Mon Apr 01, 2019 12:30 pm
Forum: Personal Consumer Issues
Topic: Family flying - picking seats at booking
Replies: 75
Views: 5448

Re: Family flying - picking seats at booking

If your kids are older than 6, then early bird may be worth it. Or just set an alarm to do online checkin exactly 24 hours before departure and you can usually get a pretty good boarding number. Good point that even if the OP plans to do family boarding, checking in 24 hours before departure might ...
by Chip Munk
Mon Apr 01, 2019 12:25 pm
Forum: Personal Consumer Issues
Topic: Family flying - picking seats at booking
Replies: 75
Views: 5448

Re: Family flying - picking seats at booking

Fly Southwest-- families with small children get to board at a time (after A group?) when it's not hard to find seats together. Yes, family boarding is between the A and B groups. Southwest's website states: An adult traveling with a child six years old or younger may board during Family Boarding, ...
by Chip Munk
Sat Mar 30, 2019 2:36 pm
Forum: Personal Finance (Not Investing)
Topic: Welp, Backdoor Roth surprise!
Replies: 38
Views: 4027

Re: Welp, Backdoor Roth surprise!

OP, how are the transactions identified in your Transaction History for the tIRA and Roth? My DH did a conversion in January. When I look at the Transaction History (under My Accounts) and select his Traditional IRA account, the Transaction Type is labeled "Conversion (outgoing)". When I look at the...
by Chip Munk
Wed Mar 27, 2019 4:47 pm
Forum: Personal Finance (Not Investing)
Topic: Those of You Having Medigap Plan F More than 5 Years
Replies: 40
Views: 2621

Re: Those of You Having Medigap Plan F More than 5 Years

Sorry, guess I was not clear. I meant if anyone stayed on the Core plan permanently with its skimpy, bare-bones coverage, they could land in the poorhouse when their health failed. Anyone who has the financial ability to switch to the better plan can easily do so with 30 days notice as you alertly ...