Search found 6816 matches

by jebmke
Sun Nov 19, 2017 2:26 pm
Forum: Investing - Help with Personal Investments
Topic: Do you include the sale of your home as part of your retirement planning?
Replies: 75
Views: 3091

Re: Do you include the sale of your home as part of your retirement planning?

TheTimeLord wrote:
Sun Nov 19, 2017 2:21 pm
We certainly plan to transition before that point.
This makes it sound like you are going to off yourself. :P
by jebmke
Sun Nov 19, 2017 2:04 pm
Forum: Personal Consumer Issues
Topic: Are expensive tires worth it?
Replies: 34
Views: 1532

Re: Are expensive tires worth it?

Expensive tires don't matter. Good tires matter a lot! True. I just don't know how to tell the difference. Do you? I suppose Consumer Reports probably has an article on it. I don't get consumer reports and I don't necessarily trust the people posting on Tirerack.com etc. I used to trust CR. Now I g...
by jebmke
Sun Nov 19, 2017 12:54 pm
Forum: Personal Finance (Not Investing)
Topic: Solo 401k contribution based on K-1 received for private equity investment exit?
Replies: 7
Views: 185

Re: Solo 401k contribution based on K-1 received for private equity investment exit?

It sounds like the PE income is passive, not earned income. I couldn't really follow your post though. Who is creating the K-1 for the PE? The LLC. Essentially the LLC was created to collect money from friends and family. The LLC then invests the money into the PE. So, each investor in the LLC gets...
by jebmke
Sun Nov 19, 2017 12:48 pm
Forum: Personal Finance (Not Investing)
Topic: Solo 401k contribution based on K-1 received for private equity investment exit?
Replies: 7
Views: 185

Re: Solo 401k contribution based on K-1 received for private equity investment exit?

It sounds like the PE income is passive, not earned income. I couldn't really follow your post though. Who is creating the K-1 for the PE?
by jebmke
Sun Nov 19, 2017 12:32 pm
Forum: Personal Finance (Not Investing)
Topic: Tax Returns - How Long Do you Keep?
Replies: 25
Views: 1260

Re: Tax Returns - How Long Do you Keep?

I keep all of mine; the older ones are PDFs, mid-range are return and forms only. Last few years are complete files.

All of my tax returns (and all my computer files, actually) are encrypted.
by jebmke
Sun Nov 19, 2017 11:52 am
Forum: Personal Consumer Issues
Topic: Syncing Family Files and Photos
Replies: 5
Views: 379

Re: Syncing Family Files and Photos

Google Drive folders can be shared to other Google accounts. Sharing can be restricted to read only or allow full access. Not sure how that interacts with the camera apps on phones but if you are just using Google drive as a repository, the shares work fine. I have several Google accounts used in my...
by jebmke
Sun Nov 19, 2017 11:33 am
Forum: Investing - Theory, News & General
Topic: is Amazon a monopoly?
Replies: 15
Views: 586

Re: is Amazon a monopoly?

Tabulator wrote:
Sun Nov 19, 2017 11:29 am
One may discover that many Bogleheads, like many Americans, believe big tech companies truly care about us and intend to make our lives better. People may not stop to consider unintended consequences.
I would guess that many (most?) tech users still mistakenly believe that they are the customer.
by jebmke
Sun Nov 19, 2017 11:26 am
Forum: Investing - Theory, News & General
Topic: is Amazon a monopoly?
Replies: 15
Views: 586

Re: is Amazon a monopoly?

Out of curiosity I looked at our major credit card which is by far the majority of our spending (except for taxes and health insurance, neither of which are available via Amazon [yet]). Our Amazon spend is 1.6% of the total. Most of it is local grocery and related stores, restaurants, gas stations. ...
by jebmke
Sat Nov 18, 2017 9:22 pm
Forum: Investing - Help with Personal Investments
Topic: Do you include the sale of your home as part of your retirement planning?
Replies: 75
Views: 3091

Re: Do you include the sale of your home as part of your retirement planning?

This assumption seems to be unique to me in this thread. TheTimeLord wrote: ↑ Sat Nov 18, 2017 10:29 am I make the assumption that in my 80s I will either be required to or desire to move to an Independent/Assisted Living facility. Since that is the case I would no longer have a reason to continue ...
by jebmke
Sat Nov 18, 2017 6:05 pm
Forum: Personal Finance (Not Investing)
Topic: Smoothing out a Property Tax bill
Replies: 13
Views: 675

Re: Smoothing out a Property Tax bill

Things are lumpy in my universe. The property taxes are due quarterly, and some credit unions pay interest quarterly. Insurance bills come in annually, although I think I could pay them monthly, but I hate owing money. It is what it is. All of life is a series of (mostly) one-time events. :beer
by jebmke
Sat Nov 18, 2017 2:55 pm
Forum: Investing - Help with Personal Investments
Topic: Confused about cash and retirement - isn't this really about market timing?
Replies: 38
Views: 2827

Re: Confused about cash and retirement - isn't this really about market timing?

Dandy wrote:
Sat Nov 18, 2017 2:47 pm
I would expand the term cash to include short term bond funds for at least a portion of the "safe" assets.
Using this definition, my 60% bond allocation is ~ 55% cash and 5% bonds.
by jebmke
Sat Nov 18, 2017 2:00 pm
Forum: Personal Finance (Not Investing)
Topic: Southeast Asia trip - Cash handling
Replies: 19
Views: 1150

Re: Southeast Asia trip - Cash handling

ATMs should work in many places. I have used them in Hong Kong and some quite remote places on various continents. I would advise carrying more than one credit card in case one gets frozen or lost for some reason. When I traveled alone I usually carried more than one and kept them physically separat...
by jebmke
Sat Nov 18, 2017 1:20 pm
Forum: Investing - Theory, News & General
Topic: Is holding bonds now dangerous?
Replies: 83
Views: 5316

Re: Is holding bonds now dangerous?

Stocks are a much bigger risk for negative real return and with much bigger downside. If you want to time the market, you could hold short term bonds. Or, if you find principal loss to be unacceptable, you could hold individual bonds. Holding individual bonds sounds better Individual bonds can also...
by jebmke
Sat Nov 18, 2017 11:37 am
Forum: Investing - Theory, News & General
Topic: Is holding bonds now dangerous?
Replies: 83
Views: 5316

Re: Is holding bonds now dangerous?

Nobody knows... I agree that the markets are hard/impossible to predict. But with interest rates at zero, there is only one way for interest rates to go. And bonds have an extremely simple relationship with interest rates. Rates go up, bonds go down in value, and vice versa. This isn't about making...
by jebmke
Sat Nov 18, 2017 10:08 am
Forum: Investing - Help with Personal Investments
Topic: Capital gains timing
Replies: 11
Views: 868

Re: Capital gains timing

For oddballs like this I have been donating them to a Donor Advised Fund to use for charitable grants. When I do this, I avoid the gain entirely and I am able to deduct the full value of the stock on Schedule A as a charitable donation. Whether this is a good strategy for you or not depends on sever...
by jebmke
Sat Nov 18, 2017 9:53 am
Forum: Personal Finance (Not Investing)
Topic: Rollover to Vanguard Traditional IRA
Replies: 3
Views: 200

Re: Rollover to Vanguard Traditional IRA

We were not aware of this, so thank you for the info. We live in Maryland and my wife reached age 66 in July. The balance in her 403(B) is about $7,600. Do you mean that it is possible that she can take a distribution this year or next year and that some or all of it could be excluded from her MD A...
by jebmke
Sat Nov 18, 2017 9:42 am
Forum: Investing - Help with Personal Investments
Topic: Do you include the sale of your home as part of your retirement planning?
Replies: 75
Views: 3091

Re: Do you include the sale of your home as part of your retirement planning?

Or to ask a different question why does it make sense exclude what for many is their largest single asset? I have no way to really value this asset for retirement purposes and I can't re-balance in or out fluidly. For all I know, when we sell this house to move back to the city it will cost me more...
by jebmke
Sat Nov 18, 2017 9:30 am
Forum: Personal Finance (Not Investing)
Topic: Rollover to Vanguard Traditional IRA
Replies: 3
Views: 200

Re: Rollover to Vanguard Traditional IRA

The following warning may only apply to my state (MD) but it is worth checking your state tax regs. In MD, when you turn 65 you can exclude from your MD AGI some of your income that comes from qualified retirement plans. A 403(b) is considered a qualified retirement plan. An IRA is not considered a ...
by jebmke
Sat Nov 18, 2017 9:23 am
Forum: Investing - Help with Personal Investments
Topic: Do you include the sale of your home as part of your retirement planning?
Replies: 75
Views: 3091

Re: Do you include the sale of your home as part of your retirement planning?

I don't include anything that can't be converted to cash within a short period of time (say, less than a week).
by jebmke
Sat Nov 18, 2017 8:22 am
Forum: Investing - Theory, News & General
Topic: Is holding bonds now dangerous?
Replies: 83
Views: 5316

Re: Is holding bonds now dangerous?

I set our allocation at 40/60 (60% bonds) when I retired 10 years ago. I haven't changed it and don't intend to change it now.
by jebmke
Fri Nov 17, 2017 9:06 pm
Forum: Personal Consumer Issues
Topic: Replace TVs with Smart Tvs or not?
Replies: 34
Views: 2236

Re: Replace TVs with Smart Tvs or not?

We have had ROKU for years now and been very happy with it. Now on a ROKU 3 I think. Connects to wireless WAP which backhauls via powerline to our router.
by jebmke
Thu Nov 16, 2017 11:53 pm
Forum: Personal Finance (Not Investing)
Topic: Donor Advised Fund to Fund Starting a 501c3
Replies: 10
Views: 844

Re: Donor Advised Fund to Fund Starting a 501c3

Say I use my car for obvious business related things, or if I lease office space, or bought something to help the business. Wouldn't those all be business expenses? If the expenses are for a legitimate profit oriented business and if they meet the IRS guidelines for expensing, you would be able to ...
by jebmke
Thu Nov 16, 2017 6:21 pm
Forum: Personal Finance (Not Investing)
Topic: Donor Advised Fund to Fund Starting a 501c3
Replies: 10
Views: 844

Re: Donor Advised Fund to Fund Starting a 501c3

I don't see how this would be anything other than a donation of property to a 501(c). I don't know the rules on deducting donations to your own 501(c) OK - now I see that there are, or may be, restrictions on donating to "your own" 501c3. I would think so but you never know. Like most sections, it ...
by jebmke
Thu Nov 16, 2017 5:30 pm
Forum: Personal Finance (Not Investing)
Topic: Donor Advised Fund to Fund Starting a 501c3
Replies: 10
Views: 844

Re: Donor Advised Fund to Fund Starting a 501c3

Ok, thanks all. I won't consider donating money other than my time and equipment to the non-profit. And if I need to buy things for it, I believe I'll at least be able to write them off as a business expense. I know it probably sounds sketchy because a lot of people probably try to take advantage, ...
by jebmke
Thu Nov 16, 2017 4:37 pm
Forum: Investing - Help with Personal Investments
Topic: RMD's when changing broker?
Replies: 5
Views: 317

Re: RMD's when changing broker?

I have opened a new IRA at Merrill Edge, but have not moved assets from TDA. I must take my first RMD before 12/31/17. If I roll over first, how will ME know how much to take out based on 12/31/16 balance? (I do know the amount required.) Advice? You will tell them how much to take out. If they are...
by jebmke
Thu Nov 16, 2017 4:28 pm
Forum: Personal Consumer Issues
Topic: Mozilla Firefox Donations?
Replies: 20
Views: 1660

Re: Mozilla Firefox Donations?

So far I am underwhelmed. Some sites don't load at all. Scripts are still running around like rats. If they don't get this fixed, I'm dumping FF.
by jebmke
Thu Nov 16, 2017 4:25 pm
Forum: Investing - Theory, News & General
Topic: Where did you first learn about investing?
Replies: 92
Views: 3428

Re: Where did you first learn about investing?

When A Random Walk Down Wall Street was first published it was required reading in my economics class that year. 1972 or 1973 if I recall correctly.
by jebmke
Tue Nov 14, 2017 5:29 pm
Forum: Personal Consumer Issues
Topic: Mozilla Firefox Donations?
Replies: 20
Views: 1660

Re: Mozilla Firefox Donations?

Scripts now bringing my browser to a crawl with the update. Hope they get this fixed soon.
by jebmke
Tue Nov 14, 2017 12:37 pm
Forum: Personal Consumer Issues
Topic: Mozilla Firefox Donations?
Replies: 20
Views: 1660

Re: Mozilla Firefox Donations?

The new version just updated my browser. It appears to have dropped support for Noscript. Too early to tell on other add-ons but they appear gone.
by jebmke
Mon Nov 13, 2017 8:49 am
Forum: Personal Finance (Not Investing)
Topic: Form 5498 or 1099R (IRA to Roth Conversion)
Replies: 40
Views: 1709

Re: Form 5498 or 1099R (IRA to Roth Conversion)

Maybe I'm missing something: If somebody does a Roth conversion but fails to report it with F8606, why would they be surprised to have the IRS to come knocking later on? Unfortunately there are some who believe that the custodians keep track of all this. Even some of my TaxAide buddies are confused...
by jebmke
Mon Nov 13, 2017 8:46 am
Forum: Investing - Theory, News & General
Topic: GE and the myth of "safe blue-chip stocks"
Replies: 73
Views: 7179

Re: GE and the myth of "safe blue-chip stocks"

There have been plenty of invulnerable companies knocked off the pedestal. I remember when IBM could do no wrong. They nearly didn't survive. (Reuters) - General Electric Co (GE.N) chopped its quarterly dividend in half on Monday, new Chief Executive John Flannery’s first move in an overhaul of the ...
by jebmke
Mon Nov 13, 2017 8:23 am
Forum: Personal Finance (Not Investing)
Topic: Form 5498 or 1099R (IRA to Roth Conversion)
Replies: 40
Views: 1709

Re: Form 5498 or 1099R (IRA to Roth Conversion)

In those cases it seemed as if they had correctly reported a non-taxable distribution But generally a ROTH conversion isn't a non-taxable distribution. You'd have to have basis to have an amount that wasn't taxable. This would require an 8606 but my experience is that if you stare long enough at th...
by jebmke
Mon Nov 13, 2017 8:07 am
Forum: Personal Finance (Not Investing)
Topic: Form 5498 or 1099R (IRA to Roth Conversion)
Replies: 40
Views: 1709

Re: Form 5498 or 1099R (IRA to Roth Conversion)

The 1099R is not delayed, only the 5498. And all custodians file their 5498 in May, not just Vanguard. You report your contributions as usual based on what you have contributed for the tax year We make no contributions, only conversions as we have no income.... but the principle is the same with co...
by jebmke
Sun Nov 12, 2017 6:23 pm
Forum: Personal Finance (Not Investing)
Topic: Tell me I'm not a total fool about my choice of a Medigap policy
Replies: 26
Views: 2336

Re: Tell me I'm not a total fool about my choice of a Medigap policy

I believe the deductible that you would pay on a G plan is $183. The math is simple. I am signing up later this month and I am going with a G plan.
by jebmke
Sun Nov 12, 2017 6:03 pm
Forum: Personal Finance (Not Investing)
Topic: H&R Block Software
Replies: 32
Views: 3247

Re: H&R Block Software

CULater wrote:
Sun Nov 12, 2017 5:56 pm
What is the extended download service?
Allows you to re-download the software over some long period of time in case you need to reinstall. Amazon keeps it out there for a long time (I think I still can download my TaxCut 2008 software if I needed it.)
by jebmke
Sun Nov 12, 2017 5:53 pm
Forum: Investing - Help with Personal Investments
Topic: How do you project the amount you will have to spend annually in retirement?
Replies: 76
Views: 4136

Re: How do you project the amount you will have to spend annually in retirement?

Not missing anything. It just seems an odd statement as there is only one check. However the spouse will get SS as a survivor which would presumably be the larger of the two checks previously received. The point, however, is that people do have to anticipate how much trouble the survivor might be i...
by jebmke
Sun Nov 12, 2017 5:37 pm
Forum: Personal Finance (Not Investing)
Topic: Donor Advised funds
Replies: 44
Views: 1695

Re: Donor Advised funds

Then last year I wanted to apply for a special double match from my former employer for Homes for Our Troops and needed to get an acknowledgement from them. So I called and explained that I needed an acknowledgement but did not want to get mailings from them. They told me that was not a problem and...
by jebmke
Sun Nov 12, 2017 5:17 pm
Forum: Personal Finance (Not Investing)
Topic: Impact of Non qualified plan distribution on Medicare premium
Replies: 2
Views: 245

Re: Impact of Non qualified plan distribution on Medicare premium

I think the answer is yes. It is included in your AGI which is the starting point for MAGI.
by jebmke
Sun Nov 12, 2017 4:56 pm
Forum: Personal Finance (Not Investing)
Topic: Draft a will with legalzoom or other online legal help
Replies: 61
Views: 4025

Re: Draft a will with legalzoom or other online legal help

Amy2017 wrote:
Sun Nov 12, 2017 4:53 pm
So you think our situation is complicated enough that requires an attorney's expertise?
My theory on wills is that you only get one chance to get it right. After you are dead it is too late. With your assets and minor children I think you would benefit from professional advice.
by jebmke
Sun Nov 12, 2017 4:48 pm
Forum: Personal Finance (Not Investing)
Topic: Draft a will with legalzoom or other online legal help
Replies: 61
Views: 4025

Re: Draft a will with legalzoom or other online legal help

In my opinion, you should consult an qualified estate lawyer.
by jebmke
Sun Nov 12, 2017 4:13 pm
Forum: Personal Consumer Issues
Topic: Windows 10 System image on USB flash drive
Replies: 27
Views: 1634

Re: Windows 10 System image on USB flash drive

Finding the proper BIOS settings to get it to boot from USB was a bit tricky. For those who care (that would be those with Samsung laptops or ultra books) I needed to set the BIOS to: Pressing F2 at the very beginning of the boot gets you to the BIOS settings. Disable fast BIOS mode. Otherwise it w...
by jebmke
Sun Nov 12, 2017 12:26 pm
Forum: Investing - Help with Personal Investments
Topic: How do you project the amount you will have to spend annually in retirement?
Replies: 76
Views: 4136

Re: How do you project the amount of income you will have in retirement?

In agreement with other posters one should consider that the process is to project desired retirement spending and see if one will have the resources to support that spending. While some resources such as SS or a pension are income, a portfolio is not directly a source of income. It is a reservoir ...
by jebmke
Sun Nov 12, 2017 11:59 am
Forum: Investing - Help with Personal Investments
Topic: How do you project the amount you will have to spend annually in retirement?
Replies: 76
Views: 4136

Re: How do you project the amount of income you will have in retirement?

And how that isn't projecting the income you are expecting to be available in retirement? Best I can tell everyone is saying I don't project retirement income I project if my retirement income will be sufficient which I assume requires projecting your expected retirement income. Not at all. In fact...
by jebmke
Sun Nov 12, 2017 11:35 am
Forum: Investing - Help with Personal Investments
Topic: How do you project the amount you will have to spend annually in retirement?
Replies: 76
Views: 4136

Re: How do you project the amount of income you will have in retirement?

I should add that I do a rolling cash flow plan for 12 months out. Beyond a couple of months the spend numbers are pretty squishy except for known large items like quarterly tax payments and our real estate tax bill (July). This gives me a little visibility on when I might need to sell something in ...
by jebmke
Sun Nov 12, 2017 10:59 am
Forum: Investing - Help with Personal Investments
Topic: How do you project the amount you will have to spend annually in retirement?
Replies: 76
Views: 4136

Re: How do you project the amount of income you will have in retirement?

The only reason I make any assumptions about income in the future is for preparing pro-forma tax returns and making sure my estimated taxes will be sufficient to avoid a significant penalty. I do proforma returns for Next year - for this, I can estimate dividend income pretty well - close enough for...
by jebmke
Sun Nov 12, 2017 10:52 am
Forum: Personal Finance (Not Investing)
Topic: Form 5498 or 1099R (IRA to Roth Conversion)
Replies: 40
Views: 1709

Re: Form 5498 or 1099R (IRA to Roth Conversion)

Many people file their returns with an IRA (or HSA) contribution without supporting forms.

As for conversions (or other distributions), custodians will send you a 1099-R, usually by the end of January which is plenty of time to file a tax return.
by jebmke
Sun Nov 12, 2017 9:33 am
Forum: Personal Finance (Not Investing)
Topic: Growth of Medicare Advantage enrollment
Replies: 68
Views: 3825

Re: Growth of Medicare Advantage enrollment

I live in a rural area with no Advantage options. I am hearing the same trend (PCPs and other docs) dropping out of Medicare from a sibling who lives in an urban area. That trend hasn't hit here yet. What has hit here is closing of hospitals and fewer providers generally. An Advantage system isn't ...
by jebmke
Sun Nov 12, 2017 9:09 am
Forum: Personal Finance (Not Investing)
Topic: H&R Block Software
Replies: 32
Views: 3247

Re: H&R Block Software

Last year Amazon had a special around $29 -- in December I think -- and they automatically give you the extended download service since they deliver it through their digital download service.
by jebmke
Sun Nov 12, 2017 9:03 am
Forum: Personal Finance (Not Investing)
Topic: Growth of Medicare Advantage enrollment
Replies: 68
Views: 3825

Re: Growth of Medicare Advantage enrollment

I also continue to hear from friends and acquaintances that, in this area, a significant majority of Primary Care Physicians (Internal medicine, Family Practice) will not accept new patients on Medicare. They will, however, usually continue to see existing patients who go on Medicare. One friend wa...