Search found 3190 matches

by tj
Sat Sep 19, 2020 5:33 pm
Forum: Personal Finance (Not Investing)
Topic: Retiring to Canada
Replies: 31
Views: 2269

Re: Retiring to Canada

hmw wrote: Sat Sep 19, 2020 4:22 pm
tj wrote: Sat Sep 19, 2020 2:24 pm
Petrocelli wrote: Sat Sep 19, 2020 2:23 pm Has anyone looked into retiring in Canada? If you have, what are the pros and cons?


Con: Cold. Literally the entire country.
Winter in greater Vancouver area is quite mild. A lot warmer than Chicago or Boston.
Definitely, but Vancouver isn't warm in the wiinter.
by tj
Sat Sep 19, 2020 2:27 pm
Forum: Personal Finance (Not Investing)
Topic: who do you bank with and why?
Replies: 114
Views: 9370

Re: who do you bank with and why?

Alliant Credit Union is my hub. Mostly because inertia, too lazy to establish bill pay anywhere else. I've had various accoutns at other institutions for various reasons, mostly signup bonuses, but I do maintain a Navy Federal account and have my direct deposit there as in the past htey have advance...
by tj
Sat Sep 19, 2020 2:24 pm
Forum: Personal Finance (Not Investing)
Topic: Retiring to Canada
Replies: 31
Views: 2269

Re: Retiring to Canada

Petrocelli wrote: Sat Sep 19, 2020 2:23 pm Has anyone looked into retiring in Canada? If you have, what are the pros and cons?


Con: Cold. Literally the entire country.
by tj
Fri Sep 18, 2020 8:09 pm
Forum: Personal Finance (Not Investing)
Topic: Preparing for retirement in mid 30s
Replies: 303
Views: 17839

Re: Preparing for retirement in mid 30s

queso wrote: Fri Sep 18, 2020 10:42 am
Brianmcg321 wrote: Fri Sep 18, 2020 9:36 am This thread can be summed up best as “How much money do you need to live like your broke the rest of your life?”
There is a whole forum dedicated to that over on MMM. :happy
Broke peole don't spend $45k per year...
by tj
Fri Sep 18, 2020 3:27 pm
Forum: Personal Finance (Not Investing)
Topic: Preparing for retirement in mid 30s
Replies: 303
Views: 17839

Re: Preparing for retirement in mid 30s

Did you work at least 10 full years to qualify for social security benefits? Yes. According to ssa.tools I will receive 22k/yr at normal retirement age (67) if I retire today. I think my wife would get to claim half this amount (not sure), so that would add another 11k/yr. We are not counting on th...
by tj
Fri Sep 18, 2020 9:18 am
Forum: Personal Consumer Issues
Topic: Chase Freedom to Freedom Unlimited on Credit history
Replies: 31
Views: 1312

Re: Chase Freedom to Freedom Unlimited on Credit history

The cell phone insurance might be nice. I have the original Freedom already. How did you go about converting? Phone call? Secure message? I got the freedom unlimited for the bonus, but also to get 1.5% cash back on purchases. I use it for my utility bills, cell phones and internet, so that extra 0....
by tj
Thu Sep 17, 2020 9:33 pm
Forum: Personal Consumer Issues
Topic: Chase Freedom to Freedom Unlimited on Credit history
Replies: 31
Views: 1312

Re: Chase Freedom to Freedom Unlimited on Credit history

The cell phone insurance might be nice. I have the original Freedom already. How did you go about converting? Phone call? Secure message? I got the freedom unlimited for the bonus, but also to get 1.5% cash back on purchases. I use it for my utility bills, cell phones and internet, so that extra 0....
by tj
Thu Sep 17, 2020 7:47 pm
Forum: Personal Finance (Not Investing)
Topic: Preparing for retirement in mid 30s
Replies: 303
Views: 17839

Re: Preparing for retirement in mid 30s

Is it really that hard to understand? What I find it hard to understand is the fear of retirement and voluntarily working all the best years of your life for a soulless company that does nothing but degrade your health and happiness. Isn't your family worth all the attention you can give them? When...
by tj
Thu Sep 17, 2020 2:20 pm
Forum: Personal Finance (Not Investing)
Topic: Preparing for retirement in mid 30s
Replies: 303
Views: 17839

Re: Preparing for retirement in mid 30s

This is essentially what this blogger did: https://rootofgood.com/ Retired in 30s with 3 kids in a LCOL area on a $40k per year budget. He goes into a lot of detail on ACA subsidies. He also shifted into self employment. His blog has created revenue that funds a solid portion of his life, if not al...
by tj
Wed Sep 16, 2020 11:32 pm
Forum: Personal Finance (Not Investing)
Topic: Preparing for retirement in mid 30s
Replies: 303
Views: 17839

Re: Preparing for retirement in mid 30s

Mind sharing your career background area? What else do you plan to do? I.e. what hobbies do you have? I have a software engineering background. Out of college I made low six figures and it steadily increased to 250k/yr. Then several years ago I decided to switch to a lower stress job that pays 180k...
by tj
Wed Sep 16, 2020 3:19 pm
Forum: Personal Finance (Not Investing)
Topic: Universal Life Insurance Keep or Cash Out
Replies: 19
Views: 1016

Re: Universal Life Insurance Keep or Cash Out

It's interesting to me that the policy basically will never lapse (well, I guess it expires 95 years after date of purchase) as long as the ~$196 planned annual premium is made. Unless the "planned premium" can increase? The illustration says that the policy will stay in force until 2080 if you pay...
by tj
Tue Sep 15, 2020 11:33 pm
Forum: Personal Finance (Not Investing)
Topic: Thinking of moving/emigrating to Canada
Replies: 35
Views: 4768

Re: Thinking of moving/emigrating to Canada

I explicitly said my intention wasn’t to be argumentative. I’m sorry you took it that way. Reacting to "you wanted it at a discount." Exactly. Someone with "$120K/Y in pensions and SS and have about $3.5M in retirement accounts" is not looking for a "discount" whatever that means. Some countries ar...
by tj
Tue Sep 15, 2020 11:31 pm
Forum: Personal Finance (Not Investing)
Topic: Universal Life Insurance Keep or Cash Out
Replies: 19
Views: 1016

Re: Universal Life Insurance Keep or Cash Out

It's interesting to me that the policy basically will never lapse (well, I guess it expires 95 years after date of purchase) as long as the ~$196 planned annual premium is made. Unless the "planned premium" can increase? The illustration says that the policy will stay in force until 2080 if you pay...
by tj
Tue Sep 15, 2020 11:12 pm
Forum: Personal Finance (Not Investing)
Topic: Thinking of moving/emigrating to Canada
Replies: 35
Views: 4768

Re: Thinking of moving/emigrating to Canada

Not to be argumentative, but can you blame them? Most things have a price; you wanted it at a discount. Jeesh. Gimme a break. Simply stating the results of my research. Never said these countries should be doing things differently. I explicitly said my intention wasn’t to be argumentative. I’m sorr...
by tj
Tue Sep 15, 2020 10:25 pm
Forum: Personal Investments
Topic: Throwing In The Towel on Portfolio Management
Replies: 50
Views: 5609

Re: Throwing In The Towel on Portfolio Management

@investor.saver1 Thanks for posting this, simplicity is a good thing. Some questions, if you care to share. 1. What is your age? 2. Are you retired, meaning do you receive an income for your time as an employee? 3. How many hours per day, week or month were you spending managing your portfolio when...
by tj
Tue Sep 15, 2020 8:07 pm
Forum: Personal Finance (Not Investing)
Topic: Universal Life Insurance Keep or Cash Out
Replies: 19
Views: 1016

Re: Universal Life Insurance Keep or Cash Out

I'm considering adding additional funds this year but historically I've just paid the regular premium. I would probably 1035 to a VA at Fidelity if I was to do it today. Does your look similar to mine that is posted in comment above this? It's interesting to me that the policy basically will never ...
by tj
Tue Sep 15, 2020 5:47 pm
Forum: Personal Finance (Not Investing)
Topic: Universal Life Insurance Keep or Cash Out
Replies: 19
Views: 1016

Re: Universal Life Insurance Keep or Cash Out

Here is some policy info:

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by tj
Tue Sep 15, 2020 9:51 am
Forum: Personal Finance (Not Investing)
Topic: Is it possible to get an IRS Transcript for amended return (Solo Form 8606)?
Replies: 11
Views: 539

Re: Is it possible to get an IRS Transcript for amended return (Solo Form 8606)?

If there was no AGI change, TXI change or tax change what are you expecting to see? Your account transcript should have a TC290 for zero. That means a no change adjustment was made to your account, which is correct. The TC290 code means the paper was received. The 8606 was sent off to storage/files...
by tj
Tue Sep 15, 2020 9:43 am
Forum: Personal Finance (Not Investing)
Topic: Universal Life Insurance Keep or Cash Out
Replies: 19
Views: 1016

Re: Universal Life Insurance Keep or Cash Out

If you have a $1 million life insurance policy, then the possibility of depositing less than $1,000 per into a "savings account", even one that pays you 4.5% per year, is incidental to your financial life This is true, though i did open the Digital Credit Union account for the 6% on $1k, I opened t...
by tj
Mon Sep 14, 2020 11:03 pm
Forum: Personal Finance (Not Investing)
Topic: Universal Life Insurance Keep or Cash Out
Replies: 19
Views: 1016

Re: Universal Life Insurance Keep or Cash Out

I have a similar policy acquired the same way. The interest rates on them are very good Each year I just calculate my return (increase in what I could cash it out for minus premiums paid). When I stop liking the results I'll probably do a 1035 exchange. Assuming the numbers on yours work out like m...
by tj
Mon Sep 14, 2020 10:03 pm
Forum: Personal Finance (Not Investing)
Topic: Universal Life Insurance Keep or Cash Out
Replies: 19
Views: 1016

Re: Universal Life Insurance Keep or Cash Out

Universal Life Insurance has a lot of "gotchas" and they vary by policy. The life insurance within the policy is usually annually renewable term insurance so the premium for the insurance component of the policy will increase every year. Typically the policies build some cash value, expecially if y...
by tj
Mon Sep 14, 2020 9:42 pm
Forum: Personal Finance (Not Investing)
Topic: Universal Life Insurance Keep or Cash Out
Replies: 19
Views: 1016

Universal Life Insurance Keep or Cash Out

Evidently my parents bought a $50,000 universal policy on me when I was born in 1985. My dad said that It has a cash value of $8,000 and they have paid $7,000 in premiums. It has a guaranteed interest rate of 4.5%. I think he said he's paid $200/year in premiums and the premiums do not change, but m...
by tj
Mon Sep 14, 2020 4:08 pm
Forum: Personal Finance (Not Investing)
Topic: Hawaii state tax- too good to be true
Replies: 44
Views: 5312

Re: Hawaii state tax- too good to be true

I will observe that the cost of living in Hawaii is quite a bit higher than stateside . They import almost everything.... But it's sunny there! Sorry, but... Mainland, not stateside. “Stateside” tends to irk Hawaii residents. :D :beer I grovel in mortification. Of course I knew better, and I wonder...
by tj
Mon Sep 14, 2020 1:03 pm
Forum: Personal Finance (Not Investing)
Topic: Hawaii state tax- too good to be true
Replies: 44
Views: 5312

Re: Hawaii state tax- too good to be true

A number of states do not tax pensions. So, that is not that unusual. HI also does not tax withdrawals from 401k type plans that are attributable to employer matching contributions. Only the employee deferral portion is taxed as income. How would you keep track of the percentage that is the employe...
by tj
Mon Sep 14, 2020 10:54 am
Forum: Personal Finance (Not Investing)
Topic: Hawaii state tax- too good to be true
Replies: 44
Views: 5312

Re: Hawaii state tax- too good to be true

Thanks all in regards to the pension part . I am more interested in the zero state tax question based on Hawaii AGI of 35k after being credited back 35 k for the CA public pension. So if I itemize deduction for Hawaii and my insurance premium is 12k than my state AGI will be 23k Do I need to pay Ha...
by tj
Mon Sep 14, 2020 10:50 am
Forum: Personal Finance (Not Investing)
Topic: Hawaii state tax- too good to be true
Replies: 44
Views: 5312

Re: Hawaii state tax- too good to be true

A number of states do not tax pensions. So, that is not that unusual. HI also does not tax withdrawals from 401k type plans that are attributable to employer matching contributions. Only the employee deferral portion is taxed as income. How would you keep track of the percentage that is the employe...
by tj
Mon Sep 14, 2020 9:43 am
Forum: Personal Finance (Not Investing)
Topic: What's Your Credit Card Rewards Strategy?
Replies: 4775
Views: 919265

Re: What's Your Credit Card Rewards Strategy?

FYI if anyone is having trouble using their AMEX Shop Small offer, you can buy credit $10 at a time at egifter.com. Egifter qualifies as a Shop Small merchant. If you make ten $10 purchases, you can then combine those into one $100 gift card to a variety of merchants. My wife and I were able to get...
by tj
Sun Sep 13, 2020 9:40 pm
Forum: Personal Consumer Issues
Topic: Downsides to Total Wireless as alternative to Verizon?
Replies: 33
Views: 18656

Re: Downsides to Total Wireless as alternative to Verizon?

I've been Red Pocket the last 2 years and have been satisfied. Had no problems. I've just switched to Tello because of their build your own plan pricing. I don't know what you mean by "total wireless." All I know is that I can't believe how much Americans spend on their phone service with the big n...
by tj
Sun Sep 13, 2020 6:43 pm
Forum: Personal Finance (Not Investing)
Topic: What's Your Credit Card Rewards Strategy?
Replies: 4775
Views: 919265

Re: What's Your Credit Card Rewards Strategy?

I received a mailed offer from Amex for their blue cash preferred card. I thought it was a good deal. $300 statement credit for $3000 spending over the 1st 6 months. First year annual fee is waived. Subsequent annual fee is $95. 6% back on groceries, to a max of $6000 a year 6% back on streaming se...
by tj
Sat Sep 12, 2020 11:49 pm
Forum: Personal Consumer Issues
Topic: Downsides to Total Wireless as alternative to Verizon?
Replies: 33
Views: 18656

Re: Downsides to Total Wireless as alternative to Verizon?

Something to consider is prioritization. In places and times of network congestion (Super Bowl, Disney World, inner cities, etc.) postpaid customers receive network priority and are served first. Next in line comes prepaid, and the MVNOs (TracFone and Total Wireless etc.) get what's left. A few yea...
by tj
Sat Sep 12, 2020 10:46 pm
Forum: Personal Finance (Not Investing)
Topic: Tax deductions for (temporarily?) discontinued sole proprietorship activity
Replies: 10
Views: 502

Re: Tax deductions for (temporarily?) discontinued sole proprietorship activity

https://turbotax.intuit.com/tax-tips/home-ownership/deducting-health-insurance-premiums-if-youre-self-employed/L6bRhLaVE Clear as mud - for the self employed health insurance deduction, you can only deduct up to your business income. FWIW You are responsible for certifying that the stuff TurboTax s...
by tj
Sat Sep 12, 2020 4:42 pm
Forum: Personal Finance (Not Investing)
Topic: Tax deductions for (temporarily?) discontinued sole proprietorship activity
Replies: 10
Views: 502

Re: Tax deductions for (temporarily?) discontinued sole proprietorship activity

On deducting Medicare Part B and Medigap premia against my business income, I give the info to TurboTax and that’s what it does. I assume (hope) that this is correct. I’ve been doing it since 2015 without any objection from the IRS or FTB. https://turbotax.intuit.com/tax-tips/home-ownership/deducti...
by tj
Sat Sep 12, 2020 3:43 pm
Forum: Personal Finance (Not Investing)
Topic: Tax deductions for (temporarily?) discontinued sole proprietorship activity
Replies: 10
Views: 502

Re: Tax deductions for (temporarily?) discontinued sole proprietorship activity

- I will be operating the business with the intention of making a profit, but my revenues will be down about 98.5% and will be less than my insurance premia. My main business activity will be converted to W2 employment but a small residual business will continue into 2021. Any time you have busines...
by tj
Sat Sep 12, 2020 2:20 pm
Forum: Personal Finance (Not Investing)
Topic: FEDVIP [Federal Employees Dental and Vision Insurance Program]
Replies: 24
Views: 2038

Re: Chosing FEDVIP

I'd love to ditch the dental, but I can't find a single provider in my area that will accept my GEHA HDHP for cleanings or exams. They claim it's "medical insurance" and "they don't take medical insurance." No matter how many times I try to explain that GEHA HDHP includes a dental network for preve...
by tj
Sat Sep 12, 2020 1:23 pm
Forum: Personal Finance (Not Investing)
Topic: Tax deductions for (temporarily?) discontinued sole proprietorship activity
Replies: 10
Views: 502

Re: Tax deductions for (temporarily?) discontinued sole proprietorship

A tax question for the BH hive mind. I've been operating a sole proprietorship business for the past 5 years. I will be transitioning to be a W2 employee for this activity starting October 1. It has certainly been handy to be able to deduct the medical and long-term care insurance premia against my...
by tj
Sat Sep 12, 2020 11:14 am
Forum: Personal Investments
Topic: Buy SPIA with IRA money or Taxable Acct Money?
Replies: 14
Views: 1013

Re: Buy SPIA with IRA money or Taxable Acct Money?

Personally, I have not (yet) bought a SPIA. It's something I consider might be in the future though. The tax treatment of the payments you receive from the SPIA might be taken into consideration. If you buy a non-qualified annuity (money not in an IRA) some portion of your income will be considered...
by tj
Sat Sep 12, 2020 10:54 am
Forum: Personal Finance (Not Investing)
Topic: What is PenFed good at?
Replies: 77
Views: 5479

Re: What is PenFed good at?

The 5% gas card is a good deal, and the high-yield savings account isn't bad. Other than that, they're about on par with Chase and Wells Fargo. I just wish they hadn't swallowed up Belvoir Federal Credit Union 5 years ago, that was an outfit that knew how to do customer service. I wish they would s...
by tj
Sat Sep 12, 2020 10:49 am
Forum: Personal Finance (Not Investing)
Topic: FEDVIP [Federal Employees Dental and Vision Insurance Program]
Replies: 24
Views: 2038

Re: Chosing FEDVIP

I'd love to ditch the dental, but I can't find a single provider in my area that will accept my GEHA HDHP for cleanings or exams. They claim it's "medical insurance" and "they don't take medical insurance." No matter how many times I try to explain that GEHA HDHP includes a dental network for preve...
by tj
Fri Sep 11, 2020 7:28 pm
Forum: Personal Finance (Not Investing)
Topic: FEDVIP [Federal Employees Dental and Vision Insurance Program]
Replies: 24
Views: 2038

Re: FEDVIP

Metlife does pay for other services if the only reason they didn't pay out before is because your FEHB paid it. For example, I have GEHA HDHP which pays 100% on preventative. That means if I go for my regular visit, GEHA pays the dentist's full charge of $115 (my dentist is OON for GEHA). Metlife's...
by tj
Fri Sep 11, 2020 5:59 pm
Forum: Personal Finance (Not Investing)
Topic: FEDVIP [Federal Employees Dental and Vision Insurance Program]
Replies: 24
Views: 2038

Re: FEDVIP

I recall a post, I don't know if it was here or FederalSoup, but I've been unable to locate it now. Someone had a FEDVIP plan that essentially didn't waste the secondary benefits. E.G. FEHB pays $100, the FEDVIP plan would pay $100 extra for some other coverage. I can't recall which plan it was, or...
by tj
Thu Sep 10, 2020 10:07 pm
Forum: Personal Finance (Not Investing)
Topic: What does Medicare A do, if one is still working with health coverage?
Replies: 19
Views: 1053

Re: What does Medicare A do, if one is still working with health coverage?

Typical employers require Medicare to be the primary insurance You will likely pay less for your employer plan when it in effect a Medigap policy. For my spouse and I, the health insurance is about $13K per year pre-Medicare, about half that once we both are on Medicare. For federal employees, Medi...
by tj
Thu Sep 10, 2020 10:01 pm
Forum: Personal Finance (Not Investing)
Topic: What does Medicare A do, if one is still working with health coverage?
Replies: 19
Views: 1053

Re: What does Medicare A do, if one is still working with health coverage?

If Medicare paid anything, you would think they would send you an EOB.
by tj
Thu Sep 10, 2020 10:00 pm
Forum: Personal Finance (Not Investing)
Topic: Advice for FEHB Health Insurance Overseas
Replies: 16
Views: 717

Re: Advice for FEHB Health Insurance Overseas

From page 133 of the BCBS benefit brochure: “ For professional care you receive overseas, we provide benefits at Preferred benefit levels using either our Overseas Fee Schedule, a customary percentage of the billed charge, or a provider-negotiated discount as our Plan allowance. The requirement to ...
by tj
Thu Sep 10, 2020 9:44 pm
Forum: Personal Investments
Topic: Service Purchase early in Career
Replies: 35
Views: 1607

Re: Service Purchase early in Career

Wasn't there recently a ballot issue of funding less for the state's prison guards pension system? Or was that Maricopa county? Either way, if ASRS is in good shape, I'd buy it. Unfortunately I'm not allowed to buy extra time as a federal employee. :(
by tj
Wed Sep 09, 2020 10:32 pm
Forum: Personal Finance (Not Investing)
Topic: Advice for FEHB Health Insurance Overseas
Replies: 16
Views: 717

Re: Advice for FEHB Health Insurance Overseas

Any recommendations or advice to choose what Federal health insurance for an overseas family in Vietnam? I've heard BCBS Basic or one of the GEHA options are popular. Please share your experience. I am a current civilian Fed. My fiance and I have a baby coming. She and the baby will be in Vietnam f...
by tj
Wed Sep 09, 2020 9:17 am
Forum: Personal Finance (Not Investing)
Topic: Advice for FEHB Health Insurance Overseas
Replies: 16
Views: 717

Re: Advice for FEHB Health Insurance Overseas

Any recommendations or advice to choose what Federal health insurance for an overseas family in Vietnam? I've heard BCBS Basic or one of the GEHA options are popular. Please share your experience. I am a current civilian Fed. My fiance and I have a baby coming. She and the baby will be in Vietnam f...
by tj
Tue Sep 08, 2020 11:05 pm
Forum: Personal Investments
Topic: Attending CU Annual Meeting - Suggestions/What To Expect
Replies: 15
Views: 1352

Re: Attending CU Annual Meeting - Suggestions/What To Expect

I'm a shareholder in a local bank. It's a teeny microcap and days go by without a single round lot trading. They have snacks and junky swag and yes, they'll answer my questions. But this year COVID-19 robbed me of my free snacks. I am inconsolable. :P The nicely printed, glossy quarterly reports th...
by tj
Tue Sep 08, 2020 9:37 am
Forum: Personal Finance (Not Investing)
Topic: What is PenFed good at?
Replies: 77
Views: 5479

Re: What is PenFed good at?

sheepla wrote: Tue Sep 08, 2020 7:39 am I can tell you what they are NOT good at....web site design!
What you see now is definitely an improvement over what it was 10 years ago.
by tj
Sun Sep 06, 2020 6:54 pm
Forum: Personal Finance (Not Investing)
Topic: BCBS or GEHA?
Replies: 59
Views: 2595

Re: BCBS or GEHA?

This insurance from the university I worked at after I retired from the feds ran out and I had to rely on GEHA standard, which I kept paying for, for my eye medication. I was stunned by the costs. What was costing a five dollar copay was now over a $100.00. I’m 77, and healthy, the medication for m...