Search found 166 matches

by JerLon
Sat Feb 23, 2019 1:55 pm
Forum: Personal Finance (Not Investing)
Topic: State and Property tax deduction - how to get
Replies: 13
Views: 687

Re: State and Property tax deduction - how to get

If you take the standard deduction, you do not itemize and thus do not take a deduction for property taxes or state income taxes. If this is all new to you, it may be worth spending some time looking at and walking through the actual tax forms. They will help you understand how basic tax concepts wo...
by JerLon
Sun Feb 17, 2019 8:32 am
Forum: Personal Consumer Issues
Topic: Jet Blue - missing planes?
Replies: 19
Views: 2280

Re: Jet Blue - missing planes?

One issue that I have not seen mentioned is that JetBlue typically does not have enough planes to substitute out an aircraft if there is a delay earlier in the day. When flying Jetblue, I often track my incoming aircraft and backtrack it several flights in the day to see if it has been delayed earli...
by JerLon
Sun Jan 27, 2019 8:59 am
Forum: Personal Consumer Issues
Topic: Maximum Travel Distance for Elementary, Middle and High School
Replies: 24
Views: 1520

Re: Maximum Travel Distance for Elementary, Middle and High School

You also have to weigh the potential that the charter school closes. They are a relatively new creation and we do not know how long they will last or if a political shift (federal, state or local) could cause them to go away. As an aside, I would not want to pick the school my child attends based on...
by JerLon
Sun Jan 27, 2019 7:57 am
Forum: Personal Finance (Not Investing)
Topic: $158k Income and 0 federal income tax
Replies: 40
Views: 7034

Re: $158k Income and 0 federal income tax

$4k is not refundable. It's capped at $1.4k per child. You are right. KlangFool This credit seems complicated based on this and seeing it get reduced based on the amount that I owe. I think I'm back to not being interested into how any of this works and just running what-if scenarios. :-) Also comp...
by JerLon
Sat Nov 03, 2018 8:41 am
Forum: Personal Finance (Not Investing)
Topic: Roth Conversion - Confirming Tax Analysis
Replies: 10
Views: 782

Re: Roth Conversion - Confirming Tax Analysis

Assuming MFJ and assuming the $105,000 is base salary (before all the pre-tax pay stub deductions) and assuming the $80,000 is after all the pre-tax pay stub deductions, yes ... it looks right to me. If there are any qualified dividends or long term capital gains involved in the $105,000, then thin...
by JerLon
Sat Nov 03, 2018 8:35 am
Forum: Personal Finance (Not Investing)
Topic: Roth Conversion - Confirming Tax Analysis
Replies: 10
Views: 782

Re: Roth Conversion - Confirming Tax Analysis

retiredjg wrote:
Sat Nov 03, 2018 8:32 am
What's an EV credit?
Electric Vehicle
by JerLon
Sat Nov 03, 2018 7:52 am
Forum: Personal Finance (Not Investing)
Topic: Roth Conversion - Confirming Tax Analysis
Replies: 10
Views: 782

Re: Roth Conversion - Confirming Tax Analysis

Where are you deducting health insurance premiums -- are you self-employed? Typically, I advise people to do a pro-forma tax return using tax software to fine-tune roth conversion amounts. This is especially critical since they eliminated recharacterization. Health Insurance premiums withheld by em...
by JerLon
Sat Nov 03, 2018 7:08 am
Forum: Personal Finance (Not Investing)
Topic: Roth Conversion - Confirming Tax Analysis
Replies: 10
Views: 782

Roth Conversion - Confirming Tax Analysis

I'm going to be doing a Roth Conversion (from a rollover IRA) this year and want to confirm my analysis of the tax impact. I am using rounded numbers for easier analysis. Total Income - $105,000 Taxable Income - $80,000 (After accounting for Health Insurance Premiums, HSA/403 contribution) Taking St...
by JerLon
Tue Oct 02, 2018 5:38 pm
Forum: Personal Consumer Issues
Topic: Cruise deals?
Replies: 47
Views: 3406

Re: Cruise deals?

by JerLon
Mon Oct 01, 2018 4:38 am
Forum: Personal Consumer Issues
Topic: Asphalt driveway replacement
Replies: 21
Views: 2111

Re: Asphalt driveway replacement

If it were just gator cracking, grinding and topping may be an option.

However, with bad ruts (maybe potholes and larger cracks/heaves as well?), you're going to want to tear out and fix the underlying issues. All of these issues will radiate to a new topcoat unless you tear out and fix the base.
by JerLon
Wed Sep 12, 2018 5:54 pm
Forum: Personal Investments
Topic: Do you rollover all of your previous 401ks?
Replies: 33
Views: 2419

Re: Do you rollover all of your previous 401ks?

Roll to IRA.

*Unless, as pointed out below, you need to do a backdoor Roth. Then, new 401k is fine. If you happen to have another IRA (SEP...) or Solo 401k, I'd choose that over a limited 401k through an employer.
by JerLon
Sat Sep 01, 2018 2:27 pm
Forum: Personal Finance (Not Investing)
Topic: Ameriprise Frustration
Replies: 11
Views: 1085

Re: Ameriprise Frustration

You have to wonder why the church is using a 403b for 1 employee. That seems unusual to me. Seems like a SEP or SIMPLE IRA might be cheaper. Makes me wonder. Another possible stumbling block is that Vanguard may not allow the old 403b to roll into the new 403b. It has been stated here that Vanguard...
by JerLon
Sat Sep 01, 2018 10:26 am
Forum: Personal Finance (Not Investing)
Topic: Ameriprise Frustration
Replies: 11
Views: 1085

Re: Ameriprise Frustration

aristotelian wrote:
Sat Sep 01, 2018 9:40 am
He sounds more ethical than most.
I don't disagree. That said, when staying and taking his advice has her with a 2% wrap fee and in 3-8% ERs, I don't care how ethical he is...
by JerLon
Sat Sep 01, 2018 10:25 am
Forum: Personal Finance (Not Investing)
Topic: Ameriprise Frustration
Replies: 11
Views: 1085

Re: Ameriprise Frustration

If she is still working, this is almost certainly not going to happen. She is the only employee on the plan at a small church. I don't see this as being a huge issue unless I am missing something. Have the church open the new 403b at Vanguard. Have my MIL open an account and begin funding it throug...
by JerLon
Sat Sep 01, 2018 5:55 am
Forum: Personal Finance (Not Investing)
Topic: Ameriprise Frustration
Replies: 11
Views: 1085

Ameriprise Frustration

Like many of us on here, I came across Boglehead philosophies before I ever invested anywhere else. I've only ever had accounts at Vanguard and a 403b through my employer which is frustrating (as they usually are) but I've been able to research and set up the best options for myself there by directi...
by JerLon
Tue Aug 14, 2018 8:20 am
Forum: Personal Investments
Topic: Risk Averse Widow - Investing Life Insurance Proceeds
Replies: 8
Views: 728

Re: Risk Averse Widow - Investing Life Insurance Proceeds

I would caution against rushing into the purchase of a home too soon if she is recently widowed. Big decisions, especially expensive ones with a lot of frictional costs, should be delayed until she has had some time to think through her long term plans. I agree with this 100%. Our rule #1 with her ...
by JerLon
Tue Aug 14, 2018 8:19 am
Forum: Personal Investments
Topic: Risk Averse Widow - Investing Life Insurance Proceeds
Replies: 8
Views: 728

Re: Risk Averse Widow - Investing Life Insurance Proceeds

Her own benefits are low enough that her current income would zero them out when she claims them. The greater benefit for her is the Survivor's/Widows Benefit that she will claim a maximum benefit on at 66 and 7 months (because her husband died before FRA, her cap is his full benefit).
by JerLon
Tue Aug 14, 2018 5:00 am
Forum: Personal Investments
Topic: Risk Averse Widow - Investing Life Insurance Proceeds
Replies: 8
Views: 728

Risk Averse Widow - Investing Life Insurance Proceeds

I am attempting to help my mother in law. She is recently widowed, has an extremely low risk tolerance (ie: a 5% decline would cause her to lose sleep and want to pull out all of her investments). She also wants all of this to be extremely simple and easy for her to understand. She has $250,000 in L...
by JerLon
Fri Aug 10, 2018 7:20 am
Forum: Personal Consumer Issues
Topic: Buying used car - advice requested
Replies: 36
Views: 2705

Re: Buying used car - advice requested

I was just looking at cars in a similar price range as you. I have a commute that is a bit longer (37 miles each way). I ended up buying a new Prius Prime. With rebates, state tax credit, and the federal tax credit (have to wait until I file taxes in 2019 for this), I will end up paying around $19,5...
by JerLon
Sat Aug 04, 2018 7:09 am
Forum: Personal Consumer Issues
Topic: Suggest an electric car: Volt? Alternative?
Replies: 49
Views: 4596

Re: Suggest an electric car: Volt? Alternative?

Bought a Prius Prime Plus yesterday. $24,000 OTD (including all NY taxes and fees). $19,500 after federal tax credit.
by JerLon
Sun Jul 29, 2018 10:03 am
Forum: Personal Finance (Not Investing)
Topic: Tax Credit for Electric Car - Interplay with new/refundable Child Tax Credit
Replies: 4
Views: 641

Re: Tax Credit for Electric Car - Interplay with new/refundable Child Tax Credit

47Percent wrote:
Sun Jul 29, 2018 9:12 am


Make your tax liability comfortably over $8,500 by converting some TIRA to Roth IRA and call it a day (year).

That's what I would do.
Not a bad idea but doesn't answer the question. Curious if anyone knows.
by JerLon
Sun Jul 29, 2018 9:07 am
Forum: Personal Finance (Not Investing)
Topic: Tax Credit for Electric Car - Interplay with new/refundable Child Tax Credit
Replies: 4
Views: 641

Tax Credit for Electric Car - Interplay with new/refundable Child Tax Credit

I am considering the purchase of a Prius Prime. It qualifies for a $4,500 Federal Tax Credit. My tax liability in 2018 will be approximately $5,300 before the Child Tax Credit. I have two children. So, after the credit, I will owe approximately $1,300. In looking at the new 1040, I can't figure out ...
by JerLon
Fri Jul 27, 2018 11:28 am
Forum: Personal Finance (Not Investing)
Topic: Helping MIL - Recently deceased FIL - Life Insurance, 403b, Annuity, Etc...
Replies: 2
Views: 567

Helping MIL - Recently deceased FIL - Life Insurance, 403b, Annuity, Etc...

I am attempting to help my mother in law sort through their finances after the recent passing of my father in law. Obviously, my first big advice to her is to not make any big decisions and to not let anyone take advantage of her. I think I have found the large items and have some clarifying questio...
by JerLon
Sat Jul 07, 2018 3:17 pm
Forum: Personal Consumer Issues
Topic: Ireland trip
Replies: 20
Views: 1812

Re: Ireland trip

What do you enjoy? Cities or countryside? If cities, you might stay in Dublin and just do a few day trips. If countryside, you can easily do 3 towns in 7 days. My wife and I did a week last year and I am happy to answer any questions you might have. In short, our itinerary was: *Day 1 - Drive from D...
by JerLon
Thu Jun 28, 2018 9:15 am
Forum: Personal Finance (Not Investing)
Topic: SS Survivor Benefit - Impact of Deceased Spouses SS Disability Filing
Replies: 10
Views: 619

Re: SS Survivor Benefit - Impact of Deceased Spouses SS Disability Filing

Thank you all for the feedback and information. I think I have what I need to move forward (withdrawing now seems to be the best bet if I can get my MIL/FIL to do so). To close the loop, I also used the Ask Larry link and got this response: Hi, I'm sorry to hear about your father in law's diagnosis....
by JerLon
Wed Jun 27, 2018 11:26 am
Forum: Personal Finance (Not Investing)
Topic: SS Survivor Benefit - Impact of Deceased Spouses SS Disability Filing
Replies: 10
Views: 619

Re: SS Survivor Benefit - Impact of Deceased Spouses SSI Disability Filing

If he has been receiving benefits for less than a year, then, yes, he can reverse the decision, but I think he'll have to re-pay the monies he has already received. But will your MIL have income if benefits are stopped? If he passes away before this decision is reversed, is there any recourse on ou...
by JerLon
Wed Jun 27, 2018 11:25 am
Forum: Personal Finance (Not Investing)
Topic: SS Survivor Benefit - Impact of Deceased Spouses SS Disability Filing
Replies: 10
Views: 619

Re: SS Survivor Benefit - Impact of Deceased Spouses SSI Disability Filing

If he has been receiving benefits for less than a year, then, yes, he can reverse the decision, but I think he'll have to re-pay the monies he has already received. But will your MIL have income if benefits are stopped? She has enough in cash to survive for some time and should also receive enough ...
by JerLon
Wed Jun 27, 2018 10:46 am
Forum: Personal Finance (Not Investing)
Topic: SS Survivor Benefit - Impact of Deceased Spouses SS Disability Filing
Replies: 10
Views: 619

Re: SS Survivor Benefit - Impact of Deceased Spouses SSI Disability Filing

I updated the OP to clarify that I did not mean SSI. To add a piece to this puzzle, I just found out my FIL did not end up filing for disability. He filed for an early social security benefit. The worker at the local office encouraged this because "it will take five months to get the first disabilit...
by JerLon
Wed Jun 27, 2018 10:06 am
Forum: Personal Finance (Not Investing)
Topic: SS Survivor Benefit - Impact of Deceased Spouses SS Disability Filing
Replies: 10
Views: 619

SS Survivor Benefit - Impact of Deceased Spouses SS Disability Filing

My 62 year old FIL is in hospice and will not make it much longer. Several weeks ago, he finally filed for SS Disability. I don't know that he will even get his first SS Disability check before he passes away. My MIL will need to draw SS Survivor Benefits but I will likely work with her to develop a...
by JerLon
Sun Apr 08, 2018 11:01 am
Forum: Personal Consumer Issues
Topic: Can I use United airline miles to buy a ticket for my friend?
Replies: 15
Views: 1397

Re: Can I use United airline miles to buy a ticket for my friend?

Yes, you can book award tickets for someone other than yourself.
by JerLon
Sun Feb 11, 2018 12:39 pm
Forum: Personal Finance (Not Investing)
Topic: Taxes Withheld Different For Each Paycheck?
Replies: 10
Views: 1109

Re: Taxes Withheld Different For Each Paycheck?

When your employer switched to the new withholding tables, that would have been one change. Not sure why you would have had a second change in withholding.
by JerLon
Tue Jan 16, 2018 5:40 am
Forum: Personal Finance (Not Investing)
Topic: 2018 Withholding Tables
Replies: 88
Views: 13722

Re: IRS announces new withholding tables for 2018

Trying to make sure I am figuring this right. Income of around $95,000 Married filing jointly Pre-Tax Payments of $22,500 ($18,500 to 403b, $4,000 in insurance premiums) Standard Deduction of $24,000 Taxable income ends up at $47,725 Tax liability is $5,346.02 Two child credits Tax bill of $1,346.02...
by JerLon
Wed Oct 25, 2017 4:10 pm
Forum: Personal Finance (Not Investing)
Topic: FIL Stage 4 Cancer - Next steps
Replies: 28
Views: 3898

Re: FIL Stage 4 Cancer - Next steps

Thank you all for the great advice. Does anyone have any information or good resources for the potential for SSI Disability given a diagnosis of Metastatic Melanoma? Please take a look at the following. https://www.disabilitybenefitscenter.org/compassionate-allowances/malignant-melanoma-with-metast...
by JerLon
Wed Oct 25, 2017 3:22 pm
Forum: Personal Finance (Not Investing)
Topic: FIL Stage 4 Cancer - Next steps
Replies: 28
Views: 3898

Re: FIL Stage 4 Cancer - Next steps

Thank you all for the great advice.

Does anyone have any information or good resources for the potential for SSI Disability given a diagnosis of Metastatic Melanoma?
by JerLon
Tue Oct 24, 2017 4:50 pm
Forum: Personal Finance (Not Investing)
Topic: FIL Stage 4 Cancer - Next steps
Replies: 28
Views: 3898

Re: FIL Stage 4 Cancer - Next steps

Health Insurance Update: Plan: Christian Healthcare Ministries, Gold Plan, Brothers Keeper So, it looks like there is a $500 cap per incident (I am assuming an occurrence of cancer is an incident). No annual cap per incident (would be capped at $125,000 w/out Brother's Keeper). Given this, is the re...
by JerLon
Mon Oct 23, 2017 4:53 pm
Forum: Personal Finance (Not Investing)
Topic: FIL Stage 4 Cancer - Next steps
Replies: 28
Views: 3898

Re: FIL Stage 4 Cancer - Next steps

My father in law was just diagnosed with Stage 4 Metastatic Melanoma (he lost his eye to Ocular Melanoma 27 years ago). While I am certainly open to medical suggestions, I am asking for personal finance advice. I know my in laws do not have much (medi-share insurance through Christian Health Minist...
by JerLon
Mon Oct 23, 2017 4:52 pm
Forum: Personal Finance (Not Investing)
Topic: FIL Stage 4 Cancer - Next steps
Replies: 28
Views: 3898

Re: FIL Stage 4 Cancer - Next steps

Levett wrote:
Mon Oct 23, 2017 4:49 pm
Don't just get educated on estate planning. Get educated on stage 4 Melanoma. Your FIL is alive.

Lev
Yes, I am doing this. Just not on bogleheads.
by JerLon
Mon Oct 23, 2017 4:18 pm
Forum: Personal Finance (Not Investing)
Topic: FIL Stage 4 Cancer - Next steps
Replies: 28
Views: 3898

FIL Stage 4 Cancer - Next steps

My father in law was just diagnosed with Stage 4 Metastatic Melanoma (he lost his eye to Ocular Melanoma 27 years ago). While I am certainly open to medical suggestions, I am asking for personal finance advice. I know my in laws do not have much (medi-share insurance through Christian Health Ministr...
by JerLon
Sat Oct 07, 2017 4:29 pm
Forum: Personal Finance (Not Investing)
Topic: 3x gross income = house purchase price, should interest rate be taken into account?
Replies: 26
Views: 3321

Re: 3x gross income = house purchase price, should interest rate be taken into account?

Also, RE taxes. If you live in NY or California, the taxes on the 300k house might be equal to the P&I. In other states, not so much.
by JerLon
Sat Jun 17, 2017 6:53 pm
Forum: Personal Consumer Issues
Topic: 100k Service - 2010 Camry & Corolla - All Maintenance Deferred
Replies: 17
Views: 3194

Re: 100k Service - 2010 Camry & Corolla - All Maintenance Deferred

Timing chain on both, I believe. So that should be fine.
by JerLon
Sat Jun 17, 2017 3:56 pm
Forum: Personal Consumer Issues
Topic: 100k Service - 2010 Camry & Corolla - All Maintenance Deferred
Replies: 17
Views: 3194

100k Service - 2010 Camry & Corolla - All Maintenance Deferred

I own a 2010 Camry and a 2010 Corolla. In the past month, both have gone over 100,000 miles. I'd like to keep both going strong for at least another 50,000 miles. Other than oil changes, all maintenance has been deferred on these two vehicles (air filters occasionally as well). I've dug around and a...
by JerLon
Sun Apr 30, 2017 2:25 pm
Forum: Personal Finance (Not Investing)
Topic: Massachusetts Teachers - Tax Question (W-2)
Replies: 3
Views: 719

Re: Massachusetts Teachers - Tax Question (W-2)

I am an educator in NYS. Out of curiosity, I pulled by W-2 to compare. Difference between box 1 and 5 is: a portion of box 14 (414H - Teacher Retirement System Contribution) and box 12c - 403k contribution. In box 14, I also have my health insurance contribution (labeled flex) that is not included i...
by JerLon
Sat Sep 17, 2016 6:16 pm
Forum: Personal Consumer Issues
Topic: Sawzall and Batt Operated tools questions?
Replies: 25
Views: 2266

Re: Sawzall and Batt Opertated tools questions?

These are the blades I have used. Far better at cutting roots in the ground than branches in the air.

https://www.amazon.com/gp/product/B000FAPPAA/
by JerLon
Sat Sep 17, 2016 6:15 pm
Forum: Personal Consumer Issues
Topic: Sawzall and Batt Operated tools questions?
Replies: 25
Views: 2266

Re: Sawzall and Batt Opertated tools questions?

Pole pruner sounds good, and was considered... but I was hoping on the fence rebuild, and shrub (thick in some areas) pruning will be a more common use once the trees are limbed... and once I get them up to about 20 feet...I likely will not need to do that again ever... Best, M I recently tried to ...
by JerLon
Sat Sep 17, 2016 3:55 pm
Forum: Personal Consumer Issues
Topic: Sawzall and Batt Operated tools questions?
Replies: 25
Views: 2266

Re: Sawzall and Batt Opertated tools questions?

Is there a reason you are considering battery powered reciprocating saw over a pole pruner. For what you are describing, you'd be far better off with a gas powered (or battery) pole pruner like the Stihl HT line. Or, maybe better yet, would be the Stihl Kobmi System. This is a motor with interchange...
by JerLon
Sun Aug 21, 2016 5:17 pm
Forum: Personal Finance (Not Investing)
Topic: Travel Credit Card
Replies: 5
Views: 1102

Re: Travel Credit Card

The $300 travel credit is a calendar year benefit. So, If you sign up now, you could potentially have a $600 travel benefit against the $450 annual fee. Add in the TSA Pre/Global Entry Fee in Year 1 ($100) and the 100,000 point bonus it certainly makes it worth holding for one year. Any longer than ...
by JerLon
Sat Aug 15, 2015 2:14 pm
Forum: Personal Finance (Not Investing)
Topic: Refinance Advice - Getting rid of PMI
Replies: 13
Views: 1375

Re: Refinance Advice - Getting rid of PMI

If you tell me state, FICO, and LTV, I can tell you what rate you'd expect from a broker. I'm a broker here in GA and have access to national pricing engines (not that they serve me much use except to help people on this forum)... NY. FICO mid 780's. LTV - Goal is to get it at 80% at time of refina...
by JerLon
Sat Aug 15, 2015 2:11 pm
Forum: Personal Finance (Not Investing)
Topic: Refinance Advice - Getting rid of PMI
Replies: 13
Views: 1375

Re: Refinance Advice - Getting rid of PMI

...and you have not paid down much equity by payments yet since most of your payment is going to interest. And how much has the home gone up in value in less than a year? Maybe I need to be more clear: I intend to have the cash to pay the mortgage down to 80% LTV at the time of refinance in 6-12 mo...
by JerLon
Sat Aug 15, 2015 12:50 pm
Forum: Personal Finance (Not Investing)
Topic: Refinance Advice - Getting rid of PMI
Replies: 13
Views: 1375

Re: Refinance Advice - Getting rid of PMI

Unfortunately, the answer can get complicated. Would you know if your loan was sold to Fannie Mae or Freddie Mac? There is another set of rules for those loans. These days most of the time PMI is set to cancel automatically at a certain point. You should have received disclosures about that when yo...