Search found 162 matches

by JerLon
Sat Nov 03, 2018 8:41 am
Forum: Personal Finance (Not Investing)
Topic: Roth Conversion - Confirming Tax Analysis
Replies: 10
Views: 748

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: 748

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: 748

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: 748

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: 3201

Re: Cruise deals?

by JerLon
Mon Oct 01, 2018 4:38 am
Forum: Personal Consumer Issues
Topic: Asphalt driveway replacement
Replies: 21
Views: 2049

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: Investing - Help with Personal Investments
Topic: Do you rollover all of your previous 401ks?
Replies: 33
Views: 2317

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: 1022

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: 1022

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: 1022

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: 1022

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: Investing - Help with Personal Investments
Topic: Risk Averse Widow - Investing Life Insurance Proceeds
Replies: 8
Views: 678

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: Investing - Help with Personal Investments
Topic: Risk Averse Widow - Investing Life Insurance Proceeds
Replies: 8
Views: 678

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: Investing - Help with Personal Investments
Topic: Risk Averse Widow - Investing Life Insurance Proceeds
Replies: 8
Views: 678

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: 2631

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: 4250

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: 442

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: 442

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: 533

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: 1713

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: 601

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: 601

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: 601

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: 601

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: 601

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: 1306

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: 1058

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: 13137

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: 3799

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: 3799

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: 3799

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: 3799

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: 3799

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: 3799

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: 3087

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: 3006

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: 3006

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: 668

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: 2143

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: 2143

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: 2143

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: 1058

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: 1331

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: 1331

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: 1331

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...
by JerLon
Sat Aug 15, 2015 12:02 pm
Forum: Personal Finance (Not Investing)
Topic: Refinance Advice - Getting rid of PMI
Replies: 13
Views: 1331

Refinance Advice - Getting rid of PMI

My wife and I purchased a home for $127,000 in 11/2014. Current mortgage balance is $125,000. Home appraised for $137,000 when we purchased. I am trying to plan for a refinance as soon as we can to get rid of PMI. I am curious as to: 1) Is the only way to refinance and get out of PMI to pay down the...
by JerLon
Sat Jun 20, 2015 6:07 am
Forum: Personal Consumer Issues
Topic: Your Top 10 Books
Replies: 64
Views: 12551

Re: Your Top 10 Books

In no specific order: Surely You're Joking, Mr. Feynman - Was given as a HS graduation gift, finally read when I graduated undergrad. Re-read it frequently. Outliers - Malcolm Gladwell Made in America - Sam Walton When the Buck Stops With You: Harry S. Truman on Leadership – Alan Axelrod How to Win ...
by JerLon
Mon Jun 15, 2015 8:46 am
Forum: Investing - Help with Personal Investments
Topic: 403(b) Fund Selection - Another List of Poor Options
Replies: 3
Views: 603

403(b) Fund Selection - Another List of Poor Options

I am starting a new job and my employer will contribute $3000 annually to a 403(b) for me. I will not be investing any of my own dollars in this 403(b) and, to make a long story short, am not worried about the diversification/allocation of these dollars. If Vanguard Total Stock Market were available...
by JerLon
Sat Apr 18, 2015 1:08 pm
Forum: Personal Consumer Issues
Topic: Cleaning out large basement - cost to rent a dumpster?
Replies: 29
Views: 5467

Re: Cleaning out large basement - cost to rent a dumpster?

Around here - suburban northeast - I can get a 15 yard rolloff for 275 for 10 days. Around 250 for a 10 yard, 350 for a 20 yard. That covers the delivery and pickup as well as a few tons of weight. I just had a 15 yard where I went over by a couple tons (a lot of min-bounders from old landscaping) a...