Search found 50 matches

by Barcelonasteve
Thu Apr 01, 2021 5:58 pm
Forum: Personal Finance (Not Investing)
Topic: Social Security Question
Replies: 9
Views: 1178

Re: Social Security Question

You should have the option to change the average future annual salary to something other than what it defaults to, including $0.
by Barcelonasteve
Wed Mar 31, 2021 1:25 pm
Forum: Personal Consumer Issues
Topic: Can't remove old shower head
Replies: 38
Views: 1914

Re: Can't remove old shower head

Use two hammers to simultaneously tap opposite sides of the outside of the threaded part (the “nut”). Do that several times, working around it.
by Barcelonasteve
Sun Mar 28, 2021 11:15 am
Forum: Personal Investments
Topic: Does my plan make sense? Do you think it's doable?
Replies: 10
Views: 966

Re: Does my plan make sense? Do you think it's doable?

My wife hasn't worked for the last 25 years, she raised two great kids! So she has no finances of her own except $300.00 a month when she's 62 from SS. Are you sure it’s not more? I thought non-working/low-earning spouses were eligible for 50% of the other spouse’s primary insurance amount (reduced...
by Barcelonasteve
Fri Mar 26, 2021 10:41 pm
Forum: Personal Consumer Issues
Topic: Turning unheated garage into woodshop: add raised flooring?
Replies: 19
Views: 1361

Re: Turning unheated garage into woodshop: add raised flooring?

Other things being equal, a wood floor is more comfortable and kinder to dropped tools. I read about someone who used the channels underneath as the conduit for dust collection. If sacrificing height isn’t a problem, you can build it to be plenty strong for rolling heavy shop tools around by having ...
by Barcelonasteve
Fri Mar 12, 2021 4:05 pm
Forum: Personal Consumer Issues
Topic: Received IRS refund in error
Replies: 9
Views: 1026

Re: Received IRS refund in error

I would not cash it. If it is a mistake, you would probably be charged interest if and when they correct it.

Here’s a link about what to do:

https://www.irs.gov/taxtopics/tc161
by Barcelonasteve
Thu Mar 11, 2021 9:52 pm
Forum: Personal Finance (Not Investing)
Topic: Buying a house now has turned into an auction. How to approach it?
Replies: 61
Views: 7129

Re: Buying a house now has turned into an auction. How to approach it?

I’m selling a SFR rental in a few months and mentioned it to a guy I was selling a tool to. He said he was interested and to call him when the tenants moved out, which told me how serious he was. Yeah, sure, I’ll chase a buyer in this market.
by Barcelonasteve
Wed Mar 10, 2021 8:01 pm
Forum: Personal Finance (Not Investing)
Topic: Has anyone see an inheritance not go as planned? I would like to hear stories from others of what can go wrong.
Replies: 407
Views: 47064

Re: Has anyone see an inheritance not go as planned? I would like to hear stories from others of what can go wrong.

Small town cop befriends well-off woman of advanced years. She becomes overly fond of him and changes her will (first attorney refuses to make changes because of concerns about her mental state, I think). She dies and leaves $2m to cop (about 2/3 of estate). Charities/beneficiaries under prior will ...
by Barcelonasteve
Tue Mar 09, 2021 7:37 pm
Forum: Spain
Topic: Spain and Roth IRAs
Replies: 126
Views: 16876

Re: Spain and Roth IRAs

In the same boat, more or less. (I sent you a PM, octorindo.) If I understand all this correctly, Spain's tax framework entirely negates the benefits of my U.S. retirement accounts: The Roth gains are taxed and original investments are double taxed when withdrawn, and the traditional 401k/IRA withd...
by Barcelonasteve
Thu Mar 04, 2021 3:03 pm
Forum: Personal Finance (Not Investing)
Topic: Freetaxusa and backdoor Roths
Replies: 6
Views: 673

Re: Freetaxusa and backdoor Roths

I have to admit that I didn't put the effort in to following all the ins and outs you described, but what you were saying was ringing a bit of a bell that I had heard something similar recently. (Disclaimer: not a user of FreeTaxUSA. Just pointing out what may be a similar thread.) Is this more or ...
by Barcelonasteve
Thu Mar 04, 2021 11:29 am
Forum: Personal Finance (Not Investing)
Topic: Freetaxusa and backdoor Roths
Replies: 6
Views: 673

Re: Freetaxusa and backdoor Roths

I am trying freetaxusa for the first time this year. Status is married filing jointly. We both have W-2s and both W-2s have "retirement plan" checked. I understand this to mean that full deductions for traditional IRA contributions are available to us only if our MAGI is $104,000 or less....
by Barcelonasteve
Wed Mar 03, 2021 12:31 pm
Forum: Personal Finance (Not Investing)
Topic: Freetaxusa and backdoor Roths
Replies: 6
Views: 673

Freetaxusa and backdoor Roths

I did see a thread about an issue related to mine, but there's an aspect about my issue that I don't understand. The gist is that it seems that the way freetaxusa is dealing with backdoor Roth contributions, it's pushing my MAGI above the full traditional IRA limits that apply to me, but is neverthe...
by Barcelonasteve
Thu Feb 25, 2021 8:24 am
Forum: Personal Finance (Not Investing)
Topic: Any expats retired in europe? How much needed to retire?
Replies: 135
Views: 18772

Re: Any expats retired in europe? How much needed to retire?

“(ii) in the case of France, it is understood that the social security or similar legislation of the United States, qualified plans under section 401(a) of the Internal Revenue Code, individual retirement plans (including individual retirement plans that are part of a simplified employee pension pl...
by Barcelonasteve
Wed Feb 24, 2021 8:21 pm
Forum: Personal Finance (Not Investing)
Topic: Any expats retired in europe? How much needed to retire?
Replies: 135
Views: 18772

Re: Any expats retired in europe? How much needed to retire?

It falls under "other similar remuneration, including distributions from pension and other retirement arrangements". 401K, IRA, 403x are considered distributions from retirement arrangements. They are assessed as income but a credit is granted in an equal amount. This is done to honor the...
by Barcelonasteve
Wed Feb 10, 2021 9:59 pm
Forum: Personal Investments
Topic: E-Trade account - considering closing new account given experience so far
Replies: 20
Views: 2162

Re: E-Trade account - considering closing new account given experience so far

If it’s any consolation, I’ve been trying to resolve an issue with a solo 401k at ETrade for over a month now and the customer service has been abysmal. Multiple calls, secure messages, etc to reiterate the same thing over and over, only for them to drop the ball, not get back to me when promised, ...
by Barcelonasteve
Mon Nov 02, 2020 4:08 pm
Forum: Personal Investments
Topic: Fidelity HSA
Replies: 33
Views: 4331

Re: Fidelity HSA

So I opened the HSA with Fidelity and requested the transfer from my employer's HSA provider. Estimated time that the funds will be deposited @ Fidelity is 2 weeks. I notice that some posters have mentioned doing a rollover to get the $ into the Fidelity HSA, but I initiated a transfer. I hope that...
by Barcelonasteve
Wed Oct 14, 2020 3:14 pm
Forum: Personal Finance (Not Investing)
Topic: Does it make sense to quit high paying job for pension?
Replies: 53
Views: 4700

Re: Does it make sense to quit high paying job for pension?

The true comparison here is 110k with pension VS 160k no pension but more upside in income. Maybe. Are you sure none of that $110k will be taken as a pension contribution? If there is an employee contribution, that should factor into the comparison. Also, if there is an employee contribution, it mi...
by Barcelonasteve
Tue Sep 08, 2020 9:00 pm
Forum: Personal Investments
Topic: Service Purchase early in Career
Replies: 35
Views: 1742

Re: Service Purchase early in Career - ASRS

Barcelonasteve, Did you contact Nationwide to initiate the payment to ASRS from your 457? Do you know what this is called? 0% interest, oh boy! I would have done the service purchase of 5 years over 20 at 0%! The election for how to pay is in the contract, which is prepared after you initiate the p...
by Barcelonasteve
Tue Sep 08, 2020 5:55 pm
Forum: Personal Investments
Topic: Service Purchase early in Career
Replies: 35
Views: 1742

Re: Service Purchase early in Career - ASRS

What happens to the money if you die or become disabled before collecting anything? How do you know that won't change? BLUF: It will cost $86,212 over 5 years of paycheck deductions at 8% interest (130 payments total). I think I'm going do pursue this to increase my pension and provide diversificat...
by Barcelonasteve
Sat Aug 29, 2020 10:08 pm
Forum: Personal Consumer Issues
Topic: First time considering AirBnB or VRBO
Replies: 23
Views: 1750

Re: First time considering AirBnB or VRBO

I had a good VRBO experience years ago and a very bad Airbnb experience last year. While they can be much more economical than hotels when you’ve got several people to house, the setup invites too many yahoos to try to get away providing housing that is shabby to uninhabitable. I filed a housing cod...
by Barcelonasteve
Fri Aug 28, 2020 9:29 am
Forum: Personal Consumer Issues
Topic: Lead paint and house offer accepted
Replies: 47
Views: 3668

Re: Lead paint and house offer accepted

I think there’s an episode of This Old House that shows an abatement for lead paint. A guy went around scraping molding corners and window sill edges down to the wood. The idea was to eliminate the lead paint on any surface that a small child was like to chew. If you want peace of mind, hire an expe...
by Barcelonasteve
Mon Aug 24, 2020 12:47 am
Forum: Personal Finance (Not Investing)
Topic: Do you talk to your friends/family/coworkers about this stuff?
Replies: 210
Views: 17177

Re: Do you talk to your friends/family/coworkers about this stuff?

What I know wouldn’t fill a thimble, but had I known it 25 years ago . . . Nobody ever offered me advice, but I never asked, either. It is sad and frightening to think that I am more knowledgable than many of my colleagues, who are all highly educated. A coworker who is about 10 years younger asked ...
by Barcelonasteve
Sat Aug 22, 2020 3:39 pm
Forum: Personal Finance (Not Investing)
Topic: Credit Card Dispute--Any Suggestions?
Replies: 46
Views: 2529

Re: Credit Card Dispute--Any Suggestions?

My experience disputing a charge with Chase earlier this year was so poor that I decided to get rid of all my Chase cards. I eventually got my money back from the merchant, no thanks to Chase. I strongly recommend doing everything online and uploading supporting documents rather than calling. I call...
by Barcelonasteve
Thu Aug 13, 2020 8:28 am
Forum: Personal Finance (Not Investing)
Topic: Struggling with Spending
Replies: 79
Views: 8405

Re: Struggling with Spending

Driving a 20 year old pickup truck here. My wife won’t get into it it’s such an ugly mess. But, she gets the very nice cars for herself. Balance.
by Barcelonasteve
Fri Jul 24, 2020 10:33 pm
Forum: Personal Consumer Issues
Topic: Noise cancelling headphones as a way to survive in a house full of kids
Replies: 40
Views: 2755

Re: Noise cancelling headphones as a way to survive in a house full of kids

Bose are very comfortable for hours at a time. They saved my sanity on flights with babies screaming so loudly for hours that other passengers were holding their hands over their ears and rocking back and forth while I relaxed. Add some ocean waves or something if you need to. Sure, if you focus on ...
by Barcelonasteve
Fri Jul 17, 2020 9:33 am
Forum: Personal Consumer Issues
Topic: Just Ordered Peloton Bike
Replies: 194
Views: 19705

Re: Just Ordered Peloton Bike

After about a year, I grew to despise mine because of the din of the instructors and went back to using a NordicTrack ski machine that I had been using for decades. I pick what I listen to when exercising. It’s so much better for me.
by Barcelonasteve
Thu Jul 16, 2020 4:55 pm
Forum: Personal Finance (Not Investing)
Topic: Death of estranged parent
Replies: 54
Views: 6022

Re: Death of estranged parent

The best route might be to do nothing, depending on state law. If state law bars creditors’ claims after a couple of years, say, then a given creditor would have to initiate probate in the hope of getting some or all of what’s owed. If they are relatively small debts, then it’s unlikely a creditor w...
by Barcelonasteve
Wed Jul 08, 2020 4:45 pm
Forum: Personal Investments
Topic: Seeking advice for parents situation
Replies: 16
Views: 1734

Re: Seeking advice for parents situation

Is there a plan to pay for long term care if needed for one or both of them for a few years? If not, that seems like a potential, large expense that might arise at any time and that might alter the decision about what to do with cash and whether to sell rentals, medicaid eligibility, and so on. Mayb...
by Barcelonasteve
Wed Jul 01, 2020 5:50 pm
Forum: Personal Consumer Issues
Topic: What is the single best piece of exercise equipment you bought for your home?
Replies: 259
Views: 17751

Re: What is the single best piece of exercise equipment you bought for your home?

The best: A NordicTrack cross country ski machine that was $20 like new off of Craigslist a few years ago. I use it for 30 minutes every day. It replaced a NordicTrack cross country ski machine that was $80 at a thrift store and lasted 15 years with daily use. I love it so much I’d pay full price fo...
by Barcelonasteve
Tue Jun 30, 2020 2:37 pm
Forum: Personal Consumer Issues
Topic: Smell from kitchen sink?
Replies: 24
Views: 1903

Re: Smell from kitchen sink?

If you have a discharge hose from a dishwasher connected to the disposal, check so make sure there’s nothing rotting in the valve and that the hose is properly suspended to avoid sitting water.
by Barcelonasteve
Mon Jun 08, 2020 11:33 am
Forum: Personal Investments
Topic: Transfer 403(b) to i401(k) or IRA?
Replies: 3
Views: 192

Transfer 403(b) to i401(k) or IRA?

DW will be separating from her current employer early next year and we are wondering where to transfer the balance of the 403(b) that she has with that employer. It will have approximately $30k and was funded entirely with pretax contributions. The fees on this plan are terrible (over 2%). The inten...
by Barcelonasteve
Wed Jun 03, 2020 4:21 pm
Forum: US Chapters
Topic: Roll Call for the Retirement Class of 2021!
Replies: 232
Views: 27123

Re: Roll Call for the Retirement Class of 2021!

April 2, 2021, will be my first day in retirement. I’ll be 54. DW, who is currently working post-retirement until I’m done, will be 56. We’ll be on COBRA for some months while we sell our home and rid ourselves of most of our belongings , then move to France where we can obtain health coverage for ...
by Barcelonasteve
Wed Jun 03, 2020 3:37 pm
Forum: Personal Finance (Not Investing)
Topic: Wife's expectations of subsidizing her friends' lives
Replies: 82
Views: 4650

Re: Wife's expectations of subsidizing her friends' lives

If she refuses to go to counseling because you’re the problem, she’s dug in her heels and she’s the problem. One possible route if she won’t come to the table: Nothing says you have to hand her money or credit while married. Close the credit card accounts and divert your pay into retirement accounts...
by Barcelonasteve
Wed May 27, 2020 12:37 pm
Forum: US Chapters
Topic: Roll Call for the Retirement Class of 2021!
Replies: 232
Views: 27123

Re: Roll Call for the Retirement Class of 2021!

April 2, 2021, will be my first day in retirement. I’ll be 54. DW, who is currently working post-retirement until I’m done, will be 56. We’ll be on COBRA for some months while we sell our home and rid ourselves of most of our belongings, then move to France where we can obtain health coverage for ab...
by Barcelonasteve
Fri May 22, 2020 3:31 am
Forum: Personal Consumer Issues
Topic: What to look for when buying a table saw?
Replies: 53
Views: 3321

Re: What to look for when buying a table saw?

Sawstop. They’re pricey, but come in a contractor model, a light cabinet model, and an industrial cabinet model. The models made in the last few years have good dust collection as a safety feature. The biggest safety feature, though, is a brake that engages if skin touches the blade. An aluminum blo...
by Barcelonasteve
Sat Apr 18, 2020 1:17 pm
Forum: Investing - Theory, News & General
Topic: Contribution to Nationwide 403(b) account appeared, then disappeared with no trace
Replies: 1
Views: 140

Contribution to Nationwide 403(b) account appeared, then disappeared with no trace

My wife started contributing to the 403(b) offered by her new employer a couple of months ago. On April 6, a few days after payday, the 5th contribution appeared in the account. (Past contributions have appeared somewhere between a few days and nearly two weeks after payday.) It remained there for a...
by Barcelonasteve
Tue Apr 14, 2020 9:26 am
Forum: Investing - Theory, News & General
Topic: Airbnb getting hit?
Replies: 54
Views: 6061

Re: Airbnb getting hit?

It couldn't happen soon enough. I think airbnb invites too many yahoos to get into the rental business and, because the renters are short term and have entered a complex contract involving a third party company, the hosts can get away with nonsense that would be a lot more difficult to get away with...
by Barcelonasteve
Wed Apr 08, 2020 10:58 pm
Forum: Personal Finance (Not Investing)
Topic: How are you going to use your stimulus money?
Replies: 222
Views: 13467

Re: How are you going to use your stimulus money?

Sock it away to help compensate for tax increases and reduced social security benefits likely to come. :(
by Barcelonasteve
Thu Mar 19, 2020 11:03 pm
Forum: Personal Investments
Topic: When will S&P 500 go back to 3386 ?
Replies: 98
Views: 6739

Re: When will S&P 500 go back to 3386 ?

Within 3 years, if many become sick. The older, sicker people will have passed on their wealth to those with less experience and more optimism, so the markets will be flooded with naive money, causing prices to exceed reasonable valuations. :twisted:
by Barcelonasteve
Fri Feb 14, 2020 4:49 pm
Forum: Personal Finance (Not Investing)
Topic: creating a will
Replies: 22
Views: 1698

Re: creating a will

thinking about creating a will. would u recommend sitting down with a lawyer. or would something like legal zoom suffice? It depends on how complicated your situation is. Virtually everyone on this site will say that you need a lawyer, but check to see if your state has a will template that would s...
by Barcelonasteve
Sun Jan 19, 2020 10:33 pm
Forum: Personal Finance (Not Investing)
Topic: Why retire?
Replies: 267
Views: 17650

Re: Why retire?

I want to have nothing to do and all day to do it. :sharebeer
by Barcelonasteve
Thu Jan 16, 2020 9:55 pm
Forum: Personal Finance (Not Investing)
Topic: How high is health insurance going to go?
Replies: 79
Views: 6552

Re: How high is health insurance going to go?

Yeah, OP, I have a lot less than you, but will be retiring anyway soon and leaving the U.S. in part because I can avoid stupidly expensive health insurance by doing so. I watched as my supervisor delay retirement year after year as he talked health insurance costs. He’s turning 65, but still stickin...
by Barcelonasteve
Tue Dec 31, 2019 4:20 pm
Forum: Personal Finance (Not Investing)
Topic: Need advice on Parents' dire financial situation
Replies: 39
Views: 4127

Re: Need advice on Parents' dire financial situation

Can you expand on how you arrived at the SS benefit of $1,300. Would that be only your father’s benefit? If so, is your mother not eligible? Or is it their combined benefits and your mother has already started collecting (if so, how much and how long ago did she start)?
by Barcelonasteve
Mon Dec 30, 2019 3:33 pm
Forum: Personal Finance (Not Investing)
Topic: Help me get my young-adult daughter to save.
Replies: 30
Views: 2459

Re: Help me get my young-adult daughter to save.

I suggested something like this to a friend who promised his daughter $50k if she went to a lower cost state school. My suggestion was for him to contribute 80% against her 20% in a Roth the first year, with his contributions decreasing each year as hers increased over several years. I have no idea ...
by Barcelonasteve
Sun Dec 29, 2019 7:05 pm
Forum: Personal Investments
Topic: Retirement outside USA - How does Roth work?
Replies: 18
Views: 5875

Re: Retirement outside USA - How does Roth work?

As Bernard said, it depends on the country. I've looked into several EU countries as retirement destinations. Portugal’s scheme proving no tax on foreign income for 10 years is attractive, but concerns are (a) planting roots only to have the program, which is very unpopular with the Portuguese, end ...
by Barcelonasteve
Mon Dec 23, 2019 11:56 pm
Forum: Personal Consumer Issues
Topic: Quality Power-Tool Brands
Replies: 93
Views: 6586

Re: Quality Power-Tool Brands

Festool if you can find them on craigslist for a decent price. The company used to sell recons occasionally at amazing discounts, but rejiggered things so that it’s nowhere near as good a deal. I have a combination drill/impact driver that I like, but it is a compromise and isn’t in the same league ...
by Barcelonasteve
Mon Dec 23, 2019 11:19 am
Forum: Personal Finance (Not Investing)
Topic: Questions about my plan to move from U.S. to Portugal in retirement
Replies: 6
Views: 1953

Re: Questions about my plan to move from U.S. to Portugal in retirement

Thanks for the heads up about brokerage accounts. I think I had noticed something about that, but I've had so many other things on my mind I ignored it. I guess I should start looking into it in the next few months to come up with a plan. As for the Roth conversion question, I don't think I communic...
by Barcelonasteve
Sat Dec 21, 2019 11:16 pm
Forum: Personal Finance (Not Investing)
Topic: Anyone start saving late and still retire early?
Replies: 61
Views: 6130

Re: Anyone start saving late and still retire early?

When I was 36 in 2002, my and my wife’s net worth was probably -$140,000 (mortgage and student loans) with combined incomes of $65,000 that climbed slowly to about $140,000 until a couple of years ago when my wife started receiving a pension, but continued working. I’m about 15 months from retiring ...
by Barcelonasteve
Sat Dec 21, 2019 5:55 pm
Forum: Personal Finance (Not Investing)
Topic: Questions about my plan to move from U.S. to Portugal in retirement
Replies: 6
Views: 1953

Questions about my plan to move from U.S. to Portugal in retirement

I will retire in April 2021 and move from the U.S. to Europe with my wife late that same year. We are Italian (and U.S.) citizens and can live in any country we’re interested in. Portugal is at the top of my list at the moment because of the non-habitual resident program that would relieve us of pay...
by Barcelonasteve
Mon Nov 25, 2019 9:37 pm
Forum: Personal Finance (Not Investing)
Topic: House considered retirement?
Replies: 33
Views: 2941

Re: House considered retirement?

Seems like selling would result in a big tax hit that might be avoided were the equivalent asset instead retirement accounts with the ability to control withdrawals. I think it’s part of a retirement portfolio since you either own the roof over your head or pay someone to use theirs, but maybe not t...