Search found 210 matches

by BarbK
Sun Oct 29, 2017 7:09 pm
Forum: Personal Finance (Not Investing)
Topic: 2018 ACA rates now live....
Replies: 228
Views: 14940

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: 14940

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: 14940

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: 14940

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: 14940

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: 14940

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: 14940

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: 400

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: 400

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: 1017

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: 6100

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: 10818

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: 10818

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: 10818

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: 218

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: 38
Views: 3033

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: 10818

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: 5159

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: 1540

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: 1370

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: 48
Views: 6273

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: 1306

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: 4372

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: 2464

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...
by BarbK
Sun Aug 06, 2017 7:12 pm
Forum: Personal Finance (Not Investing)
Topic: Mom made a mistake? Annuities
Replies: 51
Views: 5360

Re: Mom made a mistake? Annuities

' .... At this point your head is probably swimming, and you're thinking, " Who in their right mind would ever purchase such a complicated contract ?" And I haven't even begun to exhaust the complications associated with this type of annuity! My FIL actually purchased a complex annuity with rider/d...
by BarbK
Sun Aug 06, 2017 10:37 am
Forum: Personal Finance (Not Investing)
Topic: Mom made a mistake? Annuities
Replies: 51
Views: 5360

Re: Mom made a mistake? Annuities

Prune - Thanks for the lesson and explanation. Can you explain withdrawals as it relates to the 6% she is guaranteed? If the OP's mom was taking $1K per month withdrawals for 5 years (2013-2017), that would be $60K + the $10-12K for the rider cost would make the balance around 130K. Is there a secon...
by BarbK
Thu Aug 03, 2017 6:35 pm
Forum: Personal Finance (Not Investing)
Topic: Recharacterizing a Roth IRA - Need help with Vanguard form
Replies: 18
Views: 794

Re: Recharacterizing a Roth IRA - Need help with Vanguard form

I would call Vanguard. I recharacterized two years ('15 and '16) and never filled out any forms.
by BarbK
Sat Jul 29, 2017 10:43 am
Forum: Investing - Help with Personal Investments
Topic: Young Boglehead seeks Advice for Parents Approaching Retirement
Replies: 21
Views: 1883

Re: Young Boglehead seeks Advice for Parents Approaching Retirement

Another Suggestion: Since your parents are ultra conservative, I think it would be unbearable for them to lose any of the $500K they already saved. However, for the $35K of NEW $ they can save for the next 10 years, have a portion of that go into stocks. Maybe start with a fund of 40% stocks / 60% b...
by BarbK
Fri Jul 21, 2017 3:03 pm
Forum: Investing - Help with Personal Investments
Topic: Help with 78 yo widow's investments
Replies: 8
Views: 950

Re: Help with 78 yo widow's investments

If she's in the 10% tax bracket, she will have 0 taxable gains up to the 15% tax bracket which is $37,950. The top of the 10% bracket is $9325 so she has roughly 28K of gains to work with. She (meaning you) might be able to accomplish this in 2017 since a lot of that $97K is in bonds. Do what you ca...
by BarbK
Wed Jul 12, 2017 6:51 pm
Forum: Investing - Help with Personal Investments
Topic: $400,000 Roth Conversions Between Ages 66-69?
Replies: 156
Views: 26053

Re: $400,000 Roth Conversions Between Ages 66-69?

There are so many parts to consider and probably everyone's situation is different. We didn't qualify for ACA subsidies b/c ions ago (over 25+ years) a broker bought many zero coupon municipal bonds. There was no way to know about ACA, Medicare Tax, etc at that time so how are we able to project wha...
by BarbK
Sun Jul 09, 2017 9:20 pm
Forum: Investing - Help with Personal Investments
Topic: $400,000 Roth Conversions Between Ages 66-69?
Replies: 156
Views: 26053

Re: $400,000 Roth Conversions Between Ages 66-69?

Thanks for responding - Definitely do the 75K or to the top of the 15%. That's surprising to hear that a FA would be more conservative than the group here.

Firechief - So you're thinking that AUM would be less b/c of the taxes paid for the conversion or is it something else?
by BarbK
Sun Jul 09, 2017 10:09 am
Forum: Investing - Help with Personal Investments
Topic: $400,000 Roth Conversions Between Ages 66-69?
Replies: 156
Views: 26053

Re: $400,000 Roth Conversions Between Ages 66-69?

This is a great thread with a lot of well thought-out advice. We are 64(me), 60(husband) early retirees at 50(me), 58(H) going through the Roth Conversion process for 2 years now. Only converted to the top of the 15% bracket so far ($134K for the 2 years) but threads like these make me more open for...
by BarbK
Sat Jul 08, 2017 6:49 am
Forum: Personal Finance (Not Investing)
Topic: health insurance after retirement?
Replies: 29
Views: 3139

Re: health insurance after retirement?

.....Just as an example, at age 62 I am paying 2008 a month for my wife and I for a bronze plan that is not even hsa compliant. .... I thought mine was bad at $1300 per month for crappy bronze plan that is HSA compliant. Ages 64, 60 so average of 62 (same as you). We're on our 3rd carrier in 3 year...
by BarbK
Sat Jul 01, 2017 4:13 pm
Forum: Personal Finance (Not Investing)
Topic: What are your health insurance stats?
Replies: 89
Views: 6192

Re: What are your health insurance stats?

Premium - $1300 per month - Retired ages 64,60 - no ACA subsidy
Deductible - $6350 each ($12700 combined)
includes HSA
Florida
by BarbK
Fri Jun 30, 2017 9:17 pm
Forum: Personal Finance (Not Investing)
Topic: Health Insurance Question
Replies: 8
Views: 872

Re: Health Insurance Question

I'm going on Medicare later this year and it looks like the total including an advantage plan will be about $250. This is far less than I am paying now for an ACA plan. We pay less than $25K yearly - we buy individual bronze plans so we each have our own deductible ($6350) rather than the combined d...
by BarbK
Wed Jun 28, 2017 11:05 pm
Forum: Investing - Help with Personal Investments
Topic: Retire at 55 on $41K/yr fixed pension with $1MM portfolio?
Replies: 26
Views: 6779

Re: Retire at 55 on $41K/yr fixed pension with $1MM portfolio?

For Health Insurance, we pay the full fare for ACA and at the highest premium due to our ages, 64 and 60, it is > $1300 per month for both of us. We have a crappy bronze policy with an HSA. In the 3 years of ACA, we will have paid over 50K in premiums. We are also on our 3rd provider due to $400 mon...
by BarbK
Thu Jun 22, 2017 4:52 pm
Forum: Investing - Help with Personal Investments
Topic: ROTH conversion
Replies: 12
Views: 1363

Re: ROTH conversion

Won't you need to carry forward your process to 2021, 2022, etc to see how the extra taxes you paid for the $130K conversion works out?
by BarbK
Fri Jul 08, 2016 3:46 pm
Forum: Investing - Help with Personal Investments
Topic: Selling municipal bonds before maturity
Replies: 21
Views: 1766

Re: Selling municipal bonds before maturity

I've bought Muni Bonds directly from ZionsDirect.com; They were $10 to buy/sell. I've bought Muni Bonds directly from Scottrade.com and the fees were imbedded in the price. I've never sold; they either get called or mature. Those rates are really low so I assume they are the yield on the appreciated...
by BarbK
Wed May 04, 2016 11:43 am
Forum: Personal Finance (Not Investing)
Topic: Should my Mom take a large distribution from her IRA before I inherit it?
Replies: 22
Views: 2860

Re: Should my Mom take a large distribution from her IRA before I inherit it?

Unless she has large medical deductions in 2016, I would do nothing.

For her to stay in the low (15%) tax bracket, you won't be able to convert enough to bother; and you will only be getting half plus you will have 2 accounts to deal with.
by BarbK
Thu Feb 04, 2016 1:48 pm
Forum: Personal Finance (Not Investing)
Topic: Retirees: What percentage of your expenses are covered by SS and/or pensions
Replies: 84
Views: 7560

Re: Retirees: What percentage of your expenses are covered by SS and/or pensions

None of it now, no pension coming

Current Ages 63 and 59
Retired at: 50 and 58 (2015)

Started Roth Conversions in 2015

Planning on taking SS after FRA but before 70.
by BarbK
Fri Jan 29, 2016 9:06 am
Forum: Investing - Help with Personal Investments
Topic: Zero Coupon Bond Value Question
Replies: 41
Views: 2691

Re: Zero Coupon Bond Value Question

Depending on the buyer's marginal tax rate and state of residence, that 2.89% could equate to 4-5% taxable. Are you saying you don't like zero coupon bonds, or that you don't like the current low interest rate environment? I like munis a lot. The bulk of my zero munis will mature in 2016-2019. All ...
by BarbK
Fri Jan 29, 2016 12:25 am
Forum: Investing - Help with Personal Investments
Topic: Zero Coupon Bond Value Question
Replies: 41
Views: 2691

Re: Zero Coupon Bond Value Question

Congratulations; well done. I actually think you did well; almost 6% tax free income per year for 7 years. You will have capital gains, but at least you have gains. What I find disturbing is the current buyers. The person who bought your bond is getting 2.89% Tax Free per year and waiting for > 9 ye...
by BarbK
Thu Jan 28, 2016 4:09 pm
Forum: Investing - Help with Personal Investments
Topic: Zero Coupon Bond Value Question
Replies: 41
Views: 2691

Re: Zero Coupon Bond Value Question

I checked another one of mine out with a closer maturity date to yours. 50K, matures in 2023, Value from Scottrade on 1/27/16 = $42,386 which is 2.18% left to maturity Recent sales on Emma: 01/14/2016 11:05 AM 01/20/2016 86.652 1.87 50,000 Customer sold Other recent sales 01/15/2016 04:35 PM 01/21/2...
by BarbK
Thu Jan 28, 2016 12:37 pm
Forum: Investing - Help with Personal Investments
Topic: Zero Coupon Bond Value Question
Replies: 41
Views: 2691

Re: Zero Coupon Bond Value Question

That $7750 seems really high. What was AE saying the bond was worth? If you follow the formula provided by Cruncher, you have/will effectively receive 5.94% tax free. Do you think that someone will hold the bond for the next 9 years for 2.72%? -- BTW - I have a lot of zero munis that I transferred t...
by BarbK
Fri Jan 15, 2016 2:58 pm
Forum: Personal Finance (Not Investing)
Topic: Advice for obtaining first credit card and good credit as fast as possible?
Replies: 14
Views: 764

Re: Advice for obtaining first credit card and good credit as fast as possible?

My daughter got her own card free Capital One card when she was a sophomore in college. The credit limit was $500 and then raised to $750. She was diligent about paying the balance off within the month so she wouldn't go over the limit. She said her CL is $3500 now.
by BarbK
Wed Jan 13, 2016 6:11 pm
Forum: Personal Finance (Not Investing)
Topic: Retired Bogleheads -- How much did you spend last year?
Replies: 60
Views: 7317

Re: Retired Bogleheads -- How much did you spend last year?

Our total budget is 108k. I'm 61 and spouse 63. Health insurance alone runs us 23k ($18,000 premium plus about 5k out of pocket ). LTC ins is 7k. Other insurance $3500. So there's a total of 33.5k just in insurance. State & federal taxes run about 15k and real estate taxes 2500. So right there ...
by BarbK
Wed Jan 13, 2016 6:00 pm
Forum: Personal Finance (Not Investing)
Topic: Retired Bogleheads -- How much did you spend last year?
Replies: 60
Views: 7317

Re: Retired Bogleheads -- How much did you spend last year?

I don't see how so many of you live so cheaply. $60K is our fixed costs. 2015 was our first year with both of us retired; ages now: 63,59 - no pensions, no SS, no mortgage >30K in insurance premiums alone; which includes HUGE deductibles on both Health (12K) AND Homeowners (60K hurricane); otherwise...
by BarbK
Sun Jan 10, 2016 1:19 pm
Forum: Investing - Help with Personal Investments
Topic: TLH in 15% bracket--ever worth it?
Replies: 19
Views: 1772

Re: TLH in 15% bracket--ever worth it?

Can you please described why the 15% is cumulative?

If the qualified dividends/LT Capital gains were no longer taxed at 0%, they would be taxed at 15%.
by BarbK
Sat Dec 26, 2015 9:25 pm
Forum: Personal Finance (Not Investing)
Topic: Retirement analysis
Replies: 15
Views: 2847

Re: Retirement analysis

My husband just turned 59 and retired at 58. We don't get ACA subsidies and just his medical premium is $550 per month ($4500 deductible / $6500 max OOP). (We have separate policies so the deductible/MOOP is not doubled). We also have HSAs. We are in a super low tax bracket and started doing Roth Co...
by BarbK
Sun Dec 13, 2015 11:50 am
Forum: Personal Finance (Not Investing)
Topic: Recommend a custodian for individual HSA account
Replies: 39
Views: 8509

Re: Recommend a custodian for individual HSA account

want individual HSAs because we are both over 55 and want the $1K catch up each. At this time, low cost (or no cost) is the priority vs using the HSA as an investment tool. 1) I'm 45, she is 37, we'll open our first family HSA in 2016; did your research show that when I/we turn 50 we can then hold ...