Search found 206 matches

by jasonp99
Sat Oct 26, 2019 8:33 pm
Forum: Personal Investments
Topic: take lump-sum from pension or not?
Replies: 16
Views: 1395

Re: take lump-sum from pension or not?

I'm not sure. Will have to check if our 401k plan allows such rollovers.
by jasonp99
Sat Oct 26, 2019 7:57 pm
Forum: Personal Investments
Topic: take lump-sum from pension or not?
Replies: 16
Views: 1395

Re: take lump-sum from pension or not?

One more piece of info, the pension plan is a single employer plan.
by jasonp99
Sat Oct 26, 2019 7:27 pm
Forum: Personal Investments
Topic: take lump-sum from pension or not?
Replies: 16
Views: 1395

Re: take lump-sum from pension or not?

Hello, OP here, thanks for all the replies! More info on the pension: Monthly Payment Type of Payment Chosen start_age_65 start_age_70 Single Life Annuity 2159 3891 Joint & 50% Survivor Annuity 1952 3427 Joint & 75% 1863 3234 Joint & 100% 1781 3062 Life Annuity w/10yrs Certain 2030 3502 The amounts ...
by jasonp99
Sat Oct 26, 2019 2:14 am
Forum: Personal Investments
Topic: take lump-sum from pension or not?
Replies: 16
Views: 1395

take lump-sum from pension or not?

Hello all. Years back I worked at a company that had a pension plan, it was frozen after about 10 years of working there. Now I'm being offered 3 choices from the insurance company that is holding the pension. a) do nothing, will start receiving $25913 yearly payments when I turn 65 (15 years from n...
by jasonp99
Tue May 07, 2019 2:33 am
Forum: Personal Finance (Not Investing)
Topic: Quicken 2019 and forward
Replies: 252
Views: 23012

Re: Quicken 2019 and forward

A few years back when I decided that at some point I would need to upgrade my 2011 Mac to something newer than Snow Leopard (10.6.8) I got Quicken to send me a free version that would work on Lion. I tested it out and it worked fine. Then I bought the 2016 version (mainly to pay them some money so t...
by jasonp99
Tue May 07, 2019 2:13 am
Forum: Personal Finance (Not Investing)
Topic: Quicken 2019 and forward
Replies: 252
Views: 23012

Re: Quicken 2019 and forward

I have no intention of paying annual fees; I thought the 3-year sunset was not justified. I have Q2017, so my decision point is a further year out. Nevertheless here is my plan. Last year, I purchased ImportQIF from QuicknPerlWiz.com (note the missing 'e') I had stayed on Q97 for over a decade befo...
by jasonp99
Tue May 07, 2019 1:38 am
Forum: Personal Finance (Not Investing)
Topic: New car loan - Interest rate
Replies: 32
Views: 4361

Re: New car loan - Interest rate

Fortune wrote:
Wed Apr 24, 2019 6:12 pm
livesoft wrote:
Wed Apr 24, 2019 6:27 am
I do not. Maybe google does?
hi i checked and its 3.49% for the model i am looking for. Thx
Bummer! I bought an Outback Nov '17 and got 0% for 6 years, could not pass that up.'
by jasonp99
Tue May 07, 2019 1:25 am
Forum: Personal Finance (Not Investing)
Topic: Educational pathway(s) for future engineer
Replies: 89
Views: 4606

Re: Educational pathway(s) for future engineer

I'll throw in my two cents, as a EE working for a chip-design firm. Definitely try to get co-ops/internships, they were the path to my first (and 25 years later) and only job (rare these days I know). I did 3 co-ops and two internships, worked in three different departments for the same company. Ver...
by jasonp99
Wed Dec 21, 2016 2:05 pm
Forum: Personal Finance (Not Investing)
Topic: Roth IRA phase out and Turbo Tax
Replies: 2
Views: 417

Re: Roth IRA phase out and Turbo Tax

Just do a backdoor contribution to your Roth IRA's if you think you might hit the MAGI limit. Or wait until next year to make this years' contribution ( I think you have until April 15th?). I always make the current year contribution in January to our regular (non-deductible) IRA's and then immediat...
by jasonp99
Wed Dec 21, 2016 1:58 pm
Forum: Personal Finance (Not Investing)
Topic: How do you track your finances?
Replies: 79
Views: 10133

Re: How do you track your finances?

I've been exclusively using Quicken Mac since 2002. A few years back moved to the 2007 version, this imho is the last good version that Quicken put out for the Mac. Tried out the 2016 version but just do not like it, seems way harder to get reports out of it and schedule future one-off transactions....
by jasonp99
Wed Dec 21, 2016 1:41 pm
Forum: Personal Finance (Not Investing)
Topic: Sallie Mae Rewards MC being discontinued
Replies: 154
Views: 23082

Re: Sallie Mae Rewards MC being discontinued

Wow, what a bummer! We've been using this card for over 3 years, just saw the letter today. We'll use it until the end and then I guess switch to the Costco card for 4% gas. Already have the Amex BCE for 3% groceries. Don't spend enough on groceries to make the BCP worth it. Have the Chase Freedom f...
by jasonp99
Mon Mar 07, 2016 10:51 pm
Forum: Personal Investments
Topic: FSL NXP merger tax consequences? [Freescale / NXP Semiconductor]
Replies: 11
Views: 1976

Re: FSL NXP merger tax consequences?

WF says another week or so before they deliver me a final 1099. But I did find this text on the original F-4 (page 100): A U.S. holder’s aggregate tax basis in its NXP ordinary shares received in the merger will equal the fair market value of such shares at the effective time of the merger, and the ...
by jasonp99
Wed Feb 24, 2016 1:40 pm
Forum: Personal Investments
Topic: FSL NXP merger tax consequences? [Freescale / NXP Semiconductor]
Replies: 11
Views: 1976

Re: FSL NXP merger tax consequences?

I have received a tax document from WF but there was a notation that the FSL transaction was not finalized. Have not received an update yet.
by jasonp99
Wed Feb 24, 2016 1:01 pm
Forum: Personal Investments
Topic: FSL NXP merger tax consequences? [Freescale / NXP Semiconductor]
Replies: 11
Views: 1976

Re: FSL NXP merger tax consequences?

Well, in the quote from the F4/a above, what does it mean by "adjusted tax basis"?
by jasonp99
Wed Feb 24, 2016 12:37 pm
Forum: Personal Investments
Topic: FSL NXP merger tax consequences? [Freescale / NXP Semiconductor]
Replies: 11
Views: 1976

Re: FSL NXP merger tax consequences?

Interesting, let me know what you find out. I didn't get any useful info out of Wells Fargo. In my example above the value of the 35 shares of received NXP stock was about $3100 so the change in basis was $2050. I still think the only taxes owed are on the cash received.
by jasonp99
Wed Jan 27, 2016 12:47 am
Forum: Personal Finance (Not Investing)
Topic: File taxes via mail or electronically
Replies: 87
Views: 9008

Re: File taxes via mail or electronically

I've been using the free forms at Free File for years too! Though I usually do my taxes first on a sophisticated Excel spreadsheet (available for free at excel1040.com) and double-check with online TurboTax as well (free to do the computations as long as you don't file with them).
by jasonp99
Wed Jan 27, 2016 12:34 am
Forum: Personal Investments
Topic: FSL NXP merger tax consequences? [Freescale / NXP Semiconductor]
Replies: 11
Views: 1976

FSL NXP merger tax consequences? [Freescale / NXP Semiconductor]

I owned shares of FSL prior to the FSL/NXP merger (started 12/7/15 completed on 12/9/15). The merger stipulated that each shareholder of FSL would receive 0.3521 shares of NXP per share of FSL plus $6.25 per share of FSL. Ok, no problem, after the merger that is what happened. For example: pre-merge...
by jasonp99
Fri Jun 19, 2015 12:05 am
Forum: Personal Finance (Not Investing)
Topic: Wife's car is having issues and under water :-/
Replies: 98
Views: 15070

Re: Wife's car is having issues and under water :-/

I use Excel--not a man-brain--to track my vehicle maintenance. 2002 Honda Civic LX Mileage New: 12 Mileage Current: 194,000+ Still runs great, has never had a mechanical breakdown. I haven't skimped on regular maintanance, but haven't had to do much else. I absolutely recommend Honda reliability. -...
by jasonp99
Mon Jan 26, 2015 12:54 am
Forum: Personal Finance (Not Investing)
Topic: How much umbrella insurance do I need?
Replies: 20
Views: 4994

Re: How much umbrella insurance do I need?

The insurance company only asked me about very specific high risk sports. Rock climbing, skydiving, perhaps a few others. They didn't ask about recreational motorcycle riding, so I am not going to volunteer that information. Jeeez, I go rock climbing most weekends and don't consider it high risk. F...
by jasonp99
Fri Jan 23, 2015 11:53 am
Forum: Personal Finance (Not Investing)
Topic: ESPP and filing own taxes
Replies: 6
Views: 754

Re: ESPP and filing own taxes

In theory the W2 income has already been taken out for the discount. When you sell you should just have to report the gains based on the FMV (fair market value) at the time the shares were bought.
by jasonp99
Fri Jan 23, 2015 12:56 am
Forum: Personal Finance (Not Investing)
Topic: Taxes on RSU / Fees on MFs
Replies: 1
Views: 303

Re: Taxes on RSU / Fees on MFs

I have two, probably simple, questions, so I'll bundle them into one topic. I have several rounds of vested RSUs from my company that have gone up in value since they were vested. Given that they've gone up in value, if I sell them within one year of the vesting date, is the profit on them from the...
by jasonp99
Fri Jan 23, 2015 12:37 am
Forum: Personal Finance (Not Investing)
Topic: Need help with HSA
Replies: 3
Views: 692

Re: Need help with HSA

Hi there, So my question is, should I drop the FSA and go with the HSA. I don't get the benefit of contributing pre-tax dollar to the HSA, since it's not through work but I can obviously hold the money there long term, vs the FSA which I have to spend, minus 500 that I can roll to the next year. No...
by jasonp99
Fri Jan 23, 2015 12:27 am
Forum: Personal Finance (Not Investing)
Topic: ESPP and filing own taxes
Replies: 6
Views: 754

Re: ESPP and filing own taxes

So are you saying that if you put $100 in your ESPP account then on the buy date your employer would add $15 so you got $115 worth of stock? So I would think your "discount" is 13% in this case (15/115).
by jasonp99
Fri Jan 23, 2015 12:12 am
Forum: Personal Finance (Not Investing)
Topic: Should I open a Roth IRA ?
Replies: 25
Views: 2612

Re: Should I open a Roth IRA ?

I know, but however you look at it, my situation is not very good. All I can do now is save as much as I can, while keeping as many options open as I can. Wellllll, most folks would say an annual income of > $100K is fantastic (OK, maybe not on the East/West coasts). So while your net worth is not ...
by jasonp99
Thu Jan 22, 2015 11:56 pm
Forum: Personal Finance (Not Investing)
Topic: How Many Credit Cards do you have?
Replies: 101
Views: 1251326

Re: How Many Credit Cards do you have?

Main card: Barclay Priceline 2% Visa (can't get this one anymore) 2nd choice: Barclay Sallie Mae 5% gas/groceries/bookstores (Amazon) but limits on each Amex Blue Cash - Costco, rental cars because I have the added Rental Car Protection plan ($20/rental for full primary insurance), and whenever a us...
by jasonp99
Thu Dec 11, 2014 12:23 am
Forum: Personal Finance (Not Investing)
Topic: Credit card sign-on bonuses -- worth the trouble?
Replies: 83
Views: 11925

Re: Credit card sign-on bonuses -- worth the trouble?

I sign up for these bonuses several times a year. I just got offers for citi AA Platinum Select Mastercard - 50K miles after $3k in spend within 3 months, and the citi AA Gold World Mastercard - 50K AA miles after $1500 in spend within 3 months (also an extra 10K miles after 5K in spend within 12 mo...
by jasonp99
Fri Nov 14, 2014 12:34 am
Forum: Personal Finance (Not Investing)
Topic: Quicken 2015 for Windows - Any reviews?
Replies: 117
Views: 29774

Re: Quicken 2015 for Windows - Any reviews?

I'm still using version 1998. Wondering if I'll every be able to upgrade, or need to? My sister uses Q-98. She doesn't do any auto-updating, and basically uses it for checking accounts. It works just fine for that. If you track investments, or need cc data downloaded, then you will want to stay cur...
by jasonp99
Fri Nov 14, 2014 12:21 am
Forum: Personal Finance (Not Investing)
Topic: Local bank without any checking account fees?
Replies: 31
Views: 4604

Re: Local bank without any checking account fees?

Open up a Wells Fargo PMA package and WellsTrade account for free. Put $50,000 of your Vanguard assets by transferring "in-kind" from Vanguard for free into your WellsTrade account. Then all of a sudden everything becomes FREE, FREE, FREE: free checks, free ATM, free everything. Of course, read the...
by jasonp99
Tue Oct 28, 2014 10:14 am
Forum: Personal Finance (Not Investing)
Topic: Should I use 50k Delta miles for a $600 flight?
Replies: 73
Views: 8940

Re: Should I use 50k Delta miles for a $600 flight?

I'm assuming you and your wife live at the same address. Do you apply for different cards? I would think you couldn't apply for the same card for two different people at the same address, no? We do live at the same address and sometimes the cards are the same, some times different. It just depends ...
by jasonp99
Tue Oct 28, 2014 8:57 am
Forum: Personal Finance (Not Investing)
Topic: Should I use 50k Delta miles for a $600 flight?
Replies: 73
Views: 8940

Re: Should I use 50k Delta miles for a $600 flight?

I always thought this would truly harm your credit score. Has anyone else on the forum done something like this without repercussions? Careful, I didn't write that, but no big deal in this context. [ There is a slight dip on initial credit pull but your on time payments and debt:credit ratio will m...
by jasonp99
Mon Oct 27, 2014 11:33 pm
Forum: Personal Finance (Not Investing)
Topic: Should I use 50k Delta miles for a $600 flight?
Replies: 73
Views: 8940

Re: Should I use 50k Delta miles for a $600 flight?

OP here. I bought the ticket with the 50k miles earlier today. Thanks for the input. With all the airlines changing their miles programs to a price basis instead of distance, I have a feeling it'll take me years to build up miles in the future! I have a Cap One cash back card which seems good, thou...
by jasonp99
Fri Oct 24, 2014 12:47 am
Forum: Personal Finance (Not Investing)
Topic: lump sum now vs pension later?
Replies: 45
Views: 7179

Re: lump sum now vs pension later?

Correct, the original pension does not have a lump sum offer. It is only offered now for a very limited time due to the pension being sold to an insurance company and the lump sum being a way to move some of the liability off the balance sheets. Thanks all for all the great information presented, gi...
by jasonp99
Wed Oct 15, 2014 11:09 pm
Forum: Personal Finance (Not Investing)
Topic: lump sum now vs pension later?
Replies: 45
Views: 7179

Re: lump sum now vs pension later?

Hi Frugal Al. Here's some more info about our finances. Wife's age 41. Double-income, about $180K-$200K joint (bonus amount is variable). Net worth about $2M, of that $370K is two homes, the rest is cash, 401K's, IRA's, or taxable investments. Only debt is $40K (mortgage on 2nd home, not a rental). ...
by jasonp99
Wed Oct 15, 2014 9:48 am
Forum: Personal Finance (Not Investing)
Topic: lump sum now vs pension later?
Replies: 45
Views: 7179

Re: lump sum now vs pension later?

Hi all, thanks for the great comments. While I can see that from #Cruncher's data the IRR is greater for the $1080 payment at 55 vs the $2159 payment at 65, the total amount paid out is less ($350k vs $440k) at age 82 (at age 75 they are about equal). How does one resolve that? Looking at SPIA quote...
by jasonp99
Sun Oct 12, 2014 10:32 pm
Forum: Personal Finance (Not Investing)
Topic: lump sum now vs pension later?
Replies: 45
Views: 7179

Re: lump sum now vs pension later?

Wow, did not realize that! But I'm extremely fit and healthy so maybe I'll beat that estimate 😃
by jasonp99
Sun Oct 12, 2014 2:20 pm
Forum: Personal Finance (Not Investing)
Topic: lump sum now vs pension later?
Replies: 45
Views: 7179

lump sum now vs pension later?

My previous company, where I have a pension now, has decided to give us multiple choices on the payout. We have to decide within a month to take the offered choices or keep the traditional payout. My pension was frozen about ten years ago when the company where I am now spun off from the mother ship...
by jasonp99
Fri Aug 29, 2014 11:41 pm
Forum: Personal Finance (Not Investing)
Topic: New 2% cash back Mastercard from Citi
Replies: 240
Views: 591687

Re: New 2% cash back Mastercard from Citi

Just signed up as well. Currently rocking the amazon card which is 3% at amazon, 2% gas/restaurant/drugstores, 1% elsewhere and the Quicksilver 1.5% on everything. It is a slight hassle to remember which card to use currently. This card will basically be all I use unless I shop at Amazon : ). I wil...
by jasonp99
Mon Aug 18, 2014 11:58 pm
Forum: Personal Finance (Not Investing)
Topic: Thoughts on USAA?
Replies: 24
Views: 4040

Re: Thoughts on USAA?

I've had USAA on and off over the years. For a while their auto insurance as cheaper than anyone else so I used them, but then Allstate was better so I switched. A number of years later Allstate got too expensive so I switched to Geico and then back to USAA. Finally about 3 years ago USAA rates jump...
by jasonp99
Sun Jul 20, 2014 9:43 am
Forum: Personal Consumer Issues
Topic: [residential] Solar Panels [in CA]?
Replies: 22
Views: 2854

Re: Solar Panels?

I would agree in most cases, especially on hybrids, but the Volt is a special case. Given that I pay about $0.11/kwh the charging costs for the Volt worked out to be about $0.04/mile. A gas-only car getting 33 mpg with a gallon costing $3.37 get $0.10/mile, so over twice the per mile cost of the Vo...
by jasonp99
Sun Jul 20, 2014 12:01 am
Forum: Personal Consumer Issues
Topic: [residential] Solar Panels [in CA]?
Replies: 22
Views: 2854

Re: Solar Panels?

I considered buying a Toyota Prius a few years ago. Did the numbers and it didn't work out. The savings in gas didn't make the buy work. Bought a Subaru Outback instead. Most of these products (Prius, Chevy Volt, Tesla, hybrid cars, solar panels, etc.) often make no economic sense. They are emotion...
by jasonp99
Sat Jul 19, 2014 11:34 pm
Forum: Personal Finance (Not Investing)
Topic: Best CC for (new) purchases
Replies: 43
Views: 44191

Re: Best CC for (new) purchases

If possible, do not settle for 1% cashback or for cards requiring annual fees. https://www.fidelity.com/cash-management/american-express-cards I use the rewards card above that gives 2% flat for everything, all year round, no questions, no limits, no minimums. regards, Ashutosh I get very tired of ...
by jasonp99
Sat Jul 19, 2014 11:31 pm
Forum: Personal Finance (Not Investing)
Topic: Best CC for (new) purchases
Replies: 43
Views: 44191

Re: Best CC for (new) purchases

http://www.nerdwallet.com/ does a good job of comparing cards, especially if you already know your spending breakdown (dining, travel, grocery, gas, office supply, etc). Personally I avoid "points" of all sort, as they are a fiat currency subject to devaluation. Things like 'no hassle' miles turn o...
by jasonp99
Fri Mar 14, 2014 9:48 am
Forum: Personal Finance (Not Investing)
Topic: best cash back credit card
Replies: 185
Views: 880147

Re: best cash back credit card

When I travel in Europe or prepay online for services in Europe, they never accept AMEX. What about MasterCard? Is it accepted as widely as VISA, or VISA is more versatile? Victoria I was in Europe 4 times last year. While AMEX was not accepted as much as here it was still accepted in the vast majo...
by jasonp99
Thu Mar 13, 2014 11:10 pm
Forum: Personal Finance (Not Investing)
Topic: best cash back credit card
Replies: 185
Views: 880147

Re: best cash back credit card

Sallie Mae Barclay card for me. 5% on gas and groceries up to $250 ea per month. I believe 5% a month on school books(books in general?) up to $750 month, which doesn't benefit me. I just ordered some stuff from Amazon that got split into 3 charges (all listed as "AMAZON MKTPLACE PMTS") using my Sa...
by jasonp99
Mon Feb 10, 2014 12:26 pm
Forum: Personal Finance (Not Investing)
Topic: The Gecko cost me a lot of $. How often to switch car ins?
Replies: 78
Views: 10750

Re: The Gecko cost me a lot of $. How often to switch car in

Will homeowners and auto insurance companies typically refund if you cancel mid-term? I just renewed in November but found cheaper quotes elsewhere. If I cancel my auto and home from State Farm, will they give a pro-rata refund, or should I wait until the next renewal cycle? My experience in doing ...
by jasonp99
Sun Feb 09, 2014 12:39 am
Forum: Personal Finance (Not Investing)
Topic: The Gecko cost me a lot of $. How often to switch car ins?
Replies: 78
Views: 10750

Re: The Gecko cost me a lot of $. How often to switch car in

How often do you, and how often should one in general, switch Auto/Homeowner's insurance? I haven't as I have yet to find one that can not only beat USAA's pricing but service as well. I've been a member for 20 years now. However, I do shop around every couple of years. How often one should is up t...
by jasonp99
Thu Sep 19, 2013 12:49 am
Forum: Personal Finance (Not Investing)
Topic: best cash back credit card
Replies: 185
Views: 880147

Re: best cash back credit card

You've received a lot of good suggestions within this thread, so I'm going to take a different approach. Don't go looking for the best cash back credit card. The best ones typically aren't money makers for the issuer. They're used to lure in more customers, and then the rewards program gets altered...
by jasonp99
Wed Sep 18, 2013 11:18 pm
Forum: Personal Finance (Not Investing)
Topic: best cash back credit card
Replies: 185
Views: 880147

Re: best cash back credit card

My favorite cards: Priceline Rewards Visa , 2% on everything. Unfortunately this card is now 1% for new accounts. Who knows how much longer it'll be 2% for existing accounts. Chase Freedom Visa , rotating 5% categories. Amex Blue Cash , used for Costco 0.5%. This card would rebate 5% on gas/grocerie...
by jasonp99
Wed Sep 18, 2013 10:01 pm
Forum: Personal Finance (Not Investing)
Topic: PenFed Visa card for Gas program changing, now with a fee.
Replies: 132
Views: 141749

Re: PenFed Visa card for Gas program changing, now with a fe

THY4373 wrote:
Priceline 2% is dead for new customers. I got in just under the wire about 2-3 months ago.
Darn! I did not know that and still have been recommending this card to people. 2% on everything for the last 1.5 yrs has been great.
by jasonp99
Sat Feb 16, 2013 9:49 pm
Forum: Personal Finance (Not Investing)
Topic: Roth IRA woes - over 42% tax. Why not to front load
Replies: 4
Views: 1587

Re: Roth IRA woes - over 42% tax. Why not to front load

Morale of the story - we may want to wait until tax time from now on to make our IRA contributions. We always front-load our IRA contributions (e.g. in Jan 2013 we make our 2013 IRA contributions). Due to possible bonuses during the year our combined income (wife and I) might put us over the Roth l...