Search found 236 matches

by BarbK
Tue Aug 28, 2018 9:07 am
Forum: Personal Consumer Issues
Topic: Considering opportunity in Melbourne - Florida. Any insight about the area?
Replies: 29
Views: 2364

Re: Considering opportunity in Melbourne - Florida. Any insight about the area?

In south Florida, 20 miles away from beach, for a 500K property, insurance is 4K. Not sure if it is insane. No, I don't think that is insane. Last time I had a quote for normal 2% hurricane deductible ($14,000 deductible), it was 5 years ago and the lowest one was $14K with my $2K credit for the Le...
by BarbK
Sun Aug 26, 2018 1:54 pm
Forum: Personal Consumer Issues
Topic: Considering opportunity in Melbourne - Florida. Any insight about the area?
Replies: 29
Views: 2364

Re: Considering opportunity in Melbourne - Florida. Any insight about the area?

Thanks all - I currently live in a “boring” TX suburb, so I can’t imagine it being any worse, especially so close to the beach. Hurricane season is a bit worriesome, when it happens what’s your typical protocol? Get on a plane and see family, drive out of state, etc? Also - is rust and vehicle dama...
by BarbK
Sat Aug 25, 2018 11:11 am
Forum: Personal Consumer Issues
Topic: Considering opportunity in Melbourne - Florida. Any insight about the area?
Replies: 29
Views: 2364

Re: Considering opportunity in Melbourne - Florida. Any insight about the area?

I live in Indialantic and other than the hot/humid weather you already experience, it is a great place to live. I would look at Indialantic and Melbourne Beach. There are 2 main roads going north and south - A1A and Riverside Drive. A1A has strip shopping centers; Riverside Drive does not. The barri...
by BarbK
Thu Aug 23, 2018 3:44 pm
Forum: Personal Consumer Issues
Topic: Short Term Health Insurance regulation changes - good for age 62 retirement?
Replies: 82
Views: 4125

Re: Short Term Health Insurance regulation changes - good for age 62 retirement?

I'm interested in these new policies also. I haven't found any that quote for a year. I've found United Health Care plans which cost about 1/3 the premium cost of a full pay Bronze ACA plan. Max Benefit is $2M, $10K deductible. When we both had our crappy ACA bronze plan, our deductible was $12.6K. ...
by BarbK
Wed Aug 15, 2018 5:21 pm
Forum: Investing - Help with Personal Investments
Topic: Octogenarian father in law's idea of balance: AAPL + CASH
Replies: 35
Views: 3542

Re: Octogenarian father in law's idea of balance: AAPL + CASH

... I will say I'm surprised at all the anti-529 sentiments on here. From my understanding, Grandparent-funded 529s are great estate planning vehicles in that they 1) minimize the size of the estate, reducing taxes 2) all the usual 529 benefits of tax free growth if spend on ed 3) Grandparent contr...
by BarbK
Wed Aug 08, 2018 11:19 pm
Forum: Personal Finance (Not Investing)
Topic: Personal liability issues as a result of hiring uninsured & unlicensed handyman
Replies: 33
Views: 3698

Re: Personal liability issues as a result of hiring uninsured & unlicensed handyman

Is this "Liability Only" something unique to Florida? Liability only coverage suggests to me a business type policy. Please clarify (?) I don't know if it is unique to Florida but it has been around for a long time. I know you can't have a mortgage to get it. But when you buy it, you can get an umb...
by BarbK
Wed Aug 08, 2018 10:29 pm
Forum: Personal Finance (Not Investing)
Topic: Personal liability issues as a result of hiring uninsured & unlicensed handyman
Replies: 33
Views: 3698

Re: Personal liability issues as a result of hiring uninsured & unlicensed handyman

Since your dad does not have home insurance, he needs to buy Liability Only insurance for his homestead. It should cost about $300 per year. I've hired tree trimming people that basically went knocking door to door. It is doubtful that they had insurance; sometimes their cards say they are licensed ...
by BarbK
Sun Aug 05, 2018 3:49 pm
Forum: Personal Finance (Not Investing)
Topic: Best way to lose $200 in taxable income?
Replies: 96
Views: 7199

Re: Best way to lose $200 in taxable income?

If you have any CDs, break one so you will get a penalty.

Buy a speculative stock and if you end up making $, that should compensate for the extra IRMA
by BarbK
Fri Aug 03, 2018 1:10 pm
Forum: Investing - Help with Personal Investments
Topic: Matured Fixed Annuity - optimal withdrawal strategy
Replies: 14
Views: 791

Re: Matured Fixed Annuity - optimal withdrawal strategy

... Less std deduct+1.3K 13300 ... IRMAA is based on MAGI, which is based on AGI, not taxable income. One doesn't get to take the standard deduction. Would be nice, but.... Thanks I corrected the IRMA income stream; so it would probably take 3 years to liquidate it within the IRMA limits.
by BarbK
Fri Aug 03, 2018 1:04 am
Forum: Investing - Help with Personal Investments
Topic: Matured Fixed Annuity - optimal withdrawal strategy
Replies: 14
Views: 791

Re: Matured Fixed Annuity - optimal withdrawal strategy

Federal Income streams: Taxed SS 85% * 18700 = 15,895 Pension + Net RMDs = 19,300 Divs, LTCG, Interest = 15,900 Total 51095 Less std deduct+1.3K 13300 Taxable Income 37795 iRMA Income streams = 51095+6.5K muni interest = 57595 IRMA Tier 1 Max = 85K Taxable 22% 82500 That leaves you with: 85000-57595...
by BarbK
Thu Jul 19, 2018 11:37 pm
Forum: Personal Finance (Not Investing)
Topic: Selling mom's house
Replies: 50
Views: 4211

Re: Selling mom's house

That's a terrible situation to be in; but what's to keep the deadbeat sister from selling the house/property if everyone quit claims their share to her? Can the owners get liability only insurance on the house to protect them from a lawsuit should it arise. I have no idea how a liability only policy...
by BarbK
Sun Jul 15, 2018 5:05 pm
Forum: Personal Consumer Issues
Topic: When does frugal cross the line to cheapskate?
Replies: 136
Views: 10225

Re: When does frugal cross the line to cheapskate?

...I did not know plastic forks & knives could go in the dishwasher. GOODIE! Because I do hand wash table ware because I need to... I do use regular plates at times, and those go into the dishwasher. When the dw is filled, I run tap water into gallon jugs to both heat the water to dw temp, rather t...
by BarbK
Sun Jul 15, 2018 4:51 pm
Forum: Personal Consumer Issues
Topic: When does frugal cross the line to cheapskate?
Replies: 136
Views: 10225

Re: When does frugal cross the line to cheapskate?

Frugal or cheap? - using cents off coupons for gasoline and groceries? - using credit card reward points programs - using sign up bonuses for credit cards, bank accounts, brokerage accounts - negotiating prices with contractors, for appliances, etc. rather than just accepting the quoted price - tak...
by BarbK
Thu Jul 12, 2018 9:38 am
Forum: Investing - Help with Personal Investments
Topic: Inherited IRA slowly funneled into Roth IRA
Replies: 9
Views: 856

Re: Inherited IRA slowly funneled into Roth IRA

I think the way you are funnelling the Inherited IRA is correct; so max $11K per year between you and your wife.

I don't think you are allowed to convert an Inherited IRA to a Roth IRA.
by BarbK
Thu Jul 05, 2018 9:50 am
Forum: Personal Consumer Issues
Topic: Insurance company canceeling homeowners policy. Hell
Replies: 13
Views: 1702

Re: Insurance company canceeling homeowners policy. Hell

What state are you in? Why wouldn't you fix the moss problem anyway since it can't be good for your roof or any other quotes you need?
by BarbK
Thu Jun 21, 2018 11:31 pm
Forum: Personal Finance (Not Investing)
Topic: "Open Social Security" calculator: feature requests, bug reports, etc
Replies: 195
Views: 17788

Re: "Open Social Security" calculator: feature requests, bug reports, etc

Thanks for all your hard work on this. I bought the digital version of the book today. Ages 65 (me, lower earner but still much higher than spousal), him (61). Both retired early (50, 58 respectively). I only tried one other SS calculator and it had said for both to start SS when we turned 70. Too b...
by BarbK
Tue Jun 12, 2018 11:27 pm
Forum: Personal Consumer Issues
Topic: Anyone with a paid off house drop homeowners insurance
Replies: 79
Views: 6207

Re: Anyone with a paid off house drop homeowners insurance

You can get a liability only policy. The last time I looked it was about $300. But $700 for your entire house including liability is dirt cheap. This year, I removed insuring the interior contents and reduced my premium by $1K so it is the same as it was in 2017. I have huge deductibles and would lo...
by BarbK
Mon Jun 11, 2018 11:30 am
Forum: Personal Finance (Not Investing)
Topic: Pre 65 Retirees - Healthcare
Replies: 21
Views: 2229

Re: Pre 65 Retirees - Healthcare

Ours was $1400 per month for an HSA Bronze plan. After doing the math for getting a better plan (Silver), the extra premium negated the lower deductible so took our chances with staying healthy. I don't know if this just applies to Bronze HSA plans, but they combine the deductibles for 2 or more, so...
by BarbK
Thu Apr 26, 2018 12:49 pm
Forum: Personal Finance (Not Investing)
Topic: Homeowners Insurance Annual Increase
Replies: 20
Views: 1896

Re: Homeowners Insurance Annual Increase

Do you have separate structures? Do you need all that personal property? Do you really need the 30K of Identify fraud coverage? On my bill they finally put a price on the $59K of external structures that I don't have. Prior years it was just bundled in the price. This year I called and had them rem...
by BarbK
Thu Apr 26, 2018 12:44 pm
Forum: Personal Finance (Not Investing)
Topic: Homeowners Insurance Annual Increase
Replies: 20
Views: 1896

Re: Homeowners Insurance Annual Increase

On my bill they finally put a price on the $59K of external structures that I don't have. Prior years it was just bundled in the price. This year I called and had them remove the $456 for the non-existant external structures along with the $300K of personal property and it lowered the premium by $1...
by BarbK
Thu Apr 26, 2018 9:30 am
Forum: Personal Finance (Not Investing)
Topic: Homeowners Insurance Annual Increase
Replies: 20
Views: 1896

Re: Homeowners Insurance Annual Increase

Do you have separate structures? Do you need all that personal property? Do you really need the 30K of Identify fraud coverage? On my bill they finally put a price on the $59K of external structures that I don't have. Prior years it was just bundled in the price. This year I called and had them remo...
by BarbK
Fri Feb 16, 2018 9:58 pm
Forum: Personal Finance (Not Investing)
Topic: I'm Cancelling My Home Insurance
Replies: 156
Views: 12930

Re: I'm Cancelling My Home Insurance

I don't understand the anti insurance posts I've seen recently on the board. Well, not necessarily anti insurance, but just thinking it's not necessary. While my house is not 12% of my net worth, I could easily afford to rebuild it if it burned to the ground. But, it just seems silly to me to foreg...
by BarbK
Tue Jan 23, 2018 5:00 pm
Forum: Investing - Theory, News & General
Topic: Anyone Pulled the Trigger on Global Wellington/Wellesley?
Replies: 24
Views: 6499

Re: Anyone Pulled the Trigger on Global Wellington/Wellesley?

Also partial to W/W. We bought admiral shares of G. Wellington soon after it was launched but still $25.00 NAV. Took ~$40K of funds from Star Fund so the ER was about the same; took the rest from a Bond Int Index fund which turned out great. Will probably buy the G Wellesley also; but don't want to ...
by BarbK
Fri Dec 29, 2017 7:42 pm
Forum: Personal Finance (Not Investing)
Topic: Should I carry home owners insurance?
Replies: 36
Views: 2770

Re: Should I carry home owners insurance?

We also live in Florida (east coast, barrier island) and have yet to have significant hurricane damage. Our insurance is so expensive, I went with a 10% deductible years ago ($70K damage before the first $ is paid). Many of my neighbors do without insurance. We struggle every year whether or not to...
by BarbK
Thu Dec 28, 2017 10:09 pm
Forum: Personal Finance (Not Investing)
Topic: Should I carry home owners insurance?
Replies: 36
Views: 2770

Re: Should I carry home owners insurance?

I'm not an expert on this, but I would think you'd be able to get a policy that doesn't have any coverage for hurricanes. That should lower your premiums and still prevent you from being exposed to things like fire. No you can't .... unless you are within some insane SHORT distance to the wind zone...
by BarbK
Thu Dec 28, 2017 9:59 pm
Forum: Personal Finance (Not Investing)
Topic: Should I carry home owners insurance?
Replies: 36
Views: 2770

Re: Should I carry home owners insurance?

We also live in Florida (east coast, barrier island) and have yet to have significant hurricane damage. Our insurance is so expensive, I went with a 10% deductible years ago ($70K damage before the first $ is paid). Many of my neighbors do without insurance. We struggle every year whether or not to ...
by BarbK
Sun Oct 29, 2017 7:09 pm
Forum: Personal Finance (Not Investing)
Topic: 2018 ACA rates now live....
Replies: 228
Views: 18848

Re: 2018 ACA rates now live....

Has anyone applied on exchange but not take the subsidy until they did their taxes? I've done exactly that the past two years. My wife and I are both self employed, and we have rental properties, so we don't know what our gross income, expenses and MAGI will be 13 months in advance. So, we pay the ...
by BarbK
Fri Oct 27, 2017 6:08 pm
Forum: Personal Finance (Not Investing)
Topic: 2018 ACA rates now live....
Replies: 228
Views: 18848

Re: 2018 ACA rates now live....

HEALTHCARE.GOV finally fixed the subsidy calculation for Married Couple, one who does not need coverage (first box checked in spouse information). Our subsidy which I knew was WRONG was $1506 and now is $462 per month. Now I have to do the math to see if ROTH conversions are more advantageous. Minim...
by BarbK
Fri Oct 27, 2017 2:54 pm
Forum: Personal Finance (Not Investing)
Topic: 2018 ACA rates now live....
Replies: 228
Views: 18848

Re: 2018 ACA rates now live....

The Healthcare.gov website is having a problem with the premium tax credits for us with one on medicare and looking only at insurance for my spouse. The credit is about double what I would expect based on a perusal of Form 8962 so do watch out. It seems to think we are both getting insurance throug...
by BarbK
Wed Oct 25, 2017 8:08 pm
Forum: Personal Finance (Not Investing)
Topic: 2018 ACA rates now live....
Replies: 228
Views: 18848

Re: 2018 ACA rates now live....

This is the subsidy calculated from one of the providers for 2018 plans: Your income of $64,900 for a family of 2 likely qualifies for an estimated tax credit of $183 per month. Another provider with 2018 plans, calculated a subsidy for $190 but for $64K, entering $64900 produced 0 subsidy. This is ...
by BarbK
Wed Oct 25, 2017 7:11 pm
Forum: Personal Finance (Not Investing)
Topic: 2018 ACA rates now live....
Replies: 228
Views: 18848

Re: 2018 ACA rates now live....

I ... changed my age to 64 and the smallest subsidy I got was $1506 for $64960 of income. For $65K income, the subsidy was 0. I just don't see how these subsidies are right. The FPL is $16,240. Subsidies take effect under 400% of FPL which is $64,960. So it makes sense that the subsidy is zero at $...
by BarbK
Wed Oct 25, 2017 4:38 pm
Forum: Personal Finance (Not Investing)
Topic: 2018 ACA rates now live....
Replies: 228
Views: 18848

Re: 2018 ACA rates now live....

It would be good to be cautious about looking at the numbers, they seem to be having some problems. When I enter a number a bit below 400% of the poverty level for two people, $62,000, and with one person already on medicare it is saying that there would be a $1,403 per month tax credit for the one...
by BarbK
Wed Oct 25, 2017 3:39 pm
Forum: Personal Finance (Not Investing)
Topic: 2018 ACA rates now live....
Replies: 228
Views: 18848

Re: 2018 ACA rates now live....

It would be good to be cautious about looking at the numbers, they seem to be having some problems. When I enter a number a bit below 400% of the poverty level for two people, $62,000, and with one person already on medicare it is saying that there would be a $1,403 per month tax credit for the one...
by BarbK
Mon Oct 23, 2017 3:36 pm
Forum: Investing - Help with Personal Investments
Topic: Tax Exempt Interest and ACA
Replies: 5
Views: 611

Re: Tax Exempt Interest and ACA

If I understand it, you have earned income and are contributing to an IRA, 401K, etc that entitles you to the max savers credit. The max savers credit shows up on the first page of the 1040 so reduces MAGI for ACA subsidies. It's not the TE interest that is affecting the subsidy, it is the saver's c...
by BarbK
Mon Oct 23, 2017 2:40 pm
Forum: Investing - Help with Personal Investments
Topic: Tax Exempt Interest and ACA
Replies: 5
Views: 611

Re: Tax Exempt Interest and ACA

I'm not sure what you are asking, but Tax Exempt Interest counts the same for ACA as any other type of income. We also had zero coupon municipal bonds, where the bond is purchased at huge deep discount and no interest is paid until the bond matures. Even that was included for MAGI, hence no subsidie...
by BarbK
Tue Oct 17, 2017 8:26 am
Forum: Investing - Help with Personal Investments
Topic: Help w/ parents investments
Replies: 22
Views: 1292

Re: Help w/ parents investments

Has he considered making Roth contributions ($6.5K) each with some of the $ he is currently earning even if he would need to withdraw like amount from his IRA for living expenses? It seems like they are in the 15% tax bracket now with $70K income and would still have room for some Roth conversions i...
by BarbK
Sun Oct 15, 2017 5:04 pm
Forum: Personal Consumer Issues
Topic: Is Florida Over, 2017
Replies: 48
Views: 6974

Re: Is Florida Over, 2017

And yet Riverfront and Oceanfront property keeps going up. I live on a barrier island in E Central Florida. The housing market is robust. I remember after the '04 hurricanes, house prices skyrocketed. The cost to insure has been a problem for a long time; and getting insurance without wind coverage ...
by BarbK
Sun Oct 15, 2017 12:53 pm
Forum: Personal Finance (Not Investing)
Topic: 2018 ACA costs arrived
Replies: 88
Views: 12520

Re: 2018 ACA costs arrived

I looked on eHealthinsurace.com for short-term policies. It said there were none available. Only "GAP" policies. These had ridiculously low payouts. Like a max of $7k. Which you could exceed with a broken limb. I am in a big city. Not sure why none were showing. I get this message: "Sorry, we have ...
by BarbK
Sat Oct 14, 2017 7:36 pm
Forum: Personal Finance (Not Investing)
Topic: 2018 ACA costs arrived
Replies: 88
Views: 12520

Re: 2018 ACA costs arrived

For option #1: Also got some quotes on the short term policies and cheap, cheap..... <$300 per month. Of course they are quoted for just 3 months at a time. Last night, I saw on eHealthInsurance the option to automatically extend the short term policies to a year. I looked on eHealthinsurace.com fo...
by BarbK
Sat Oct 14, 2017 7:13 am
Forum: Personal Finance (Not Investing)
Topic: 2018 ACA costs arrived
Replies: 88
Views: 12520

Re: 2018 ACA costs arrived

Some other options to investigate: 1) Look at short term insurance which can be purchased up to a year at the time with the new EO. These plans are non-ACA compliant, but probably there will be no tax penalty with the guidance under the new EO. 2) See if you can join some trade association's plan. ...
by BarbK
Fri Oct 13, 2017 2:23 pm
Forum: Personal Finance (Not Investing)
Topic: Between ERISA and Medicare
Replies: 2
Views: 294

Re: Between ERISA and Medicare

Age 58 (him), 62 (me) in January 2015. No fun. i read your question wrong. We had no choice other than to pay full fare for ACA. Did cost analysis for Bronze vs Silver plans and there was ZERO advantage with a Silver due to the higher premiums. Still paid > $50K in premiums for the 3 years, never me...
by BarbK
Wed Oct 11, 2017 9:11 pm
Forum: Personal Finance (Not Investing)
Topic: Tax issue: Made a mistake on Inherited IRA RMDs for five years
Replies: 40
Views: 3938

Re: Tax issue: Made a mistake on Inherited IRA RMDs for five years

Vanguard sends me an RMD notice very early each year for my Inherited Non-Spouse IRA. Also, when I log in, I can see not only the RMD dollar amount but also how it was computed (birthday, factor, 12/31 balance, etc) and RMD history. Is yours there? My Account. => Retirement contributions, distribut...
by BarbK
Wed Oct 11, 2017 10:07 am
Forum: Personal Finance (Not Investing)
Topic: 2018 ACA costs arrived
Replies: 88
Views: 12520

Re: 2018 ACA costs arrived

The good news: I am going on Medicare so premiums will be $134+$98 (or $33) = $232 or $167 vs $744.72 for an ACA, Bronze, $6350 each deductible policy. 2017 we have a Bronze policy from (BC/BS) Florida Blue and it is going up 18% for 2018. No subsidy; Deductible $6350 each, HSA eligible. At least it...
by BarbK
Sat Sep 23, 2017 4:57 pm
Forum: Personal Finance (Not Investing)
Topic: Anyone own a home and drop insurance coverage after mortgage paid off?
Replies: 61
Views: 6447

Re: Anyone own a home and drop insurance coverage after mortgage paid off?

I live on the east coast in Florida and a lot of my neighbors have dropped their home insurance over the years. I have looked into it, but went with a 10% hurricane deductible instead (4 years now). You can get liability only insurance for about $300 per year, but the last time I looked for a HO pol...
by BarbK
Tue Aug 22, 2017 4:46 pm
Forum: Personal Finance (Not Investing)
Topic: Paying for Medicare when not collecting Social Security
Replies: 17
Views: 2195

Re: Paying for Medicare when not collecting Social Security

I will also be getting Medicare in November and just received my card yesterday. I plan to delay SS until somewhere between 67 and possibly 70. I did everything online and received 2 mailings; one that I would be getting the card and the card. I really never saw anything online about Part D. I think...
by BarbK
Fri Aug 18, 2017 10:49 pm
Forum: Investing - Help with Personal Investments
Topic: Early Retirement Portfolio Questions
Replies: 9
Views: 1630

Re: Early Retirement Portfolio Questions

What are the expected taxable dividends from your two stock funds, in dollar amounts in your taxable portfolio? 10% federal and 1% state (CA), sounds too low based on mid seven figure ($5M?) portfolio mostly in taxable. https://smartasset.com/taxes/california-tax-calculator Last year my two stock f...
by BarbK
Fri Aug 18, 2017 6:51 am
Forum: Personal Consumer Issues
Topic: Geico insurance rate increase: 26.24% APY?
Replies: 75
Views: 13569

Re: Geico insurance rate increase: 26.24% APY?

I was with Geico for 4 years and my increases ranged from $60-$70 every 6 months. This August it went to $1032 and just passing the $1K mark made me look elsewhere. I went with Progressive and my bill was $592 for the exact same coverage saving $440 for the 6 months. I had been with Progressive for ...
by BarbK
Wed Aug 16, 2017 4:45 pm
Forum: Investing - Help with Personal Investments
Topic: Inherited Bond - Should I sell?
Replies: 13
Views: 1636

Re: Inherited Bond - Should I sell?

NO - Don't sell it; it will be called at the first calling date.

I have/had a lot of Muni bonds and they are ALL being called at first calling date; even the ones with 4.125% and lower ratings than your bond.
by BarbK
Mon Aug 14, 2017 9:35 pm
Forum: Investing - Help with Personal Investments
Topic: Can we slow down then retire?
Replies: 25
Views: 4968

Re: Can we slow down then retire?

I think you accumulated a lot of $ based on your salaries and withdrawing 85K is < 3.3%. Assuming you started SS at 67, you have 14 years to bridge the gap. That would be $890K (after the inheritance) excluding growth and inflation. Depending where this money is allocated (deferred vs already taxed)...
by BarbK
Sun Aug 06, 2017 9:18 pm
Forum: Local Chapters and Bogleheads Community
Topic: Celebrating 30 years with Vanguard!
Replies: 25
Views: 3200

Re: Celebrating 30 years with Vanguard!

We started back in the mid 80s also for the inception of the STAR fund. My husband was self employed and we would send a check in the prepaid envelopes for his yearly contribution to the brand new STAR fund and Wellesley in his SEP-IRA. The only time we even looked at the account was on the statemen...