Search found 2576 matches

by neurosphere
Tue Nov 14, 2017 12:39 pm
Forum: Personal Finance (Not Investing)
Topic: An individual who owes me money wants my routing and account numbers for ACH transfer. Safe?
Replies: 76
Views: 6391

Re: An individual who owes me money wants my routing and account numbers for ACH transfer. Safe?

Maybe he doesn't trust you with his account number. :P Touche! :P Yes, I suspect this was, in part, one of his reasons, a general tendency to minimize such such risks. Not from me, but from things like checks getting lost/stolen. If he doesn't trust you with his account number, it doesn't sound fai...
by neurosphere
Thu Nov 09, 2017 5:25 pm
Forum: Personal Finance (Not Investing)
Topic: Downloadable Social Security Benefit Estimator (repost)
Replies: 7
Views: 524

Re: Downloadable Social Security Benefit Estimator (repost)

How does this compare with Quicnen SSO? I've never used Quicken SSO (https://www.quickensso.com), but looking at the website here are some differences: -- Mine is FREE :) Quicken's seems to be $50/year to use -- Mine does not show benefits for your spouse on the same page. You'll have to re-enter s...
by neurosphere
Thu Nov 09, 2017 3:18 pm
Forum: Investing - Theory, News & General
Topic: TIPS at a young age?
Replies: 23
Views: 1093

Re: TIPS at a young age?

I've had 50/50 TIPS/Nominals for the past 15 or so years. Every year I re-think this strategy when I read that younger people don't need TIPS. But inertia keeps me from making a change. Threads like this re-trigger my deliberations. Now I'm almost 46 and just realized, shoot, I'm not sure I count as...
by neurosphere
Thu Nov 09, 2017 12:51 pm
Forum: Personal Finance (Not Investing)
Topic: Downloadable Social Security Benefit Estimator (repost)
Replies: 7
Views: 524

Re: Downloadable Social Security Benefit Estimator (repost)

Thank you for sharing! I was actually looking for something similar since I haven't worked enough years to get estimated statement from SS with future earnings. But I have a question, should I enter the earnings after or before employer's paid amounts? You enter the earnings which SS uses to calcul...
by neurosphere
Thu Nov 09, 2017 12:45 pm
Forum: Personal Finance (Not Investing)
Topic: Downloadable Social Security Benefit Estimator (repost)
Replies: 7
Views: 524

Re: Downloadable Social Security Benefit Estimator (repost)

Here are the instructions, for those who can't/won't download the spreadsheet. The instructions will allow you to better know what I'm trying to do or have done: INPUTS -- Boxes shaded in Peach can be edited. --Enter a birthdate and actual or estimated earnings. --You have the option of change the d...
by neurosphere
Thu Nov 09, 2017 12:43 pm
Forum: Personal Finance (Not Investing)
Topic: Downloadable Social Security Benefit Estimator (repost)
Replies: 7
Views: 524

Re: Downloadable Social Security Benefit Estimator (repost)

Here is a screenshot of the spreadsheet (blurry due to compression/resizing), with sample data. Enter your birthdate in the upper left, and your earnings in the appropriate age/year (peach cells). If you wish, you can change the default assumptions for future CPI-W and National Average Wage Index ch...
by neurosphere
Thu Nov 09, 2017 12:32 pm
Forum: Personal Finance (Not Investing)
Topic: Downloadable Social Security Benefit Estimator (repost)
Replies: 7
Views: 524

Downloadable Social Security Benefit Estimator (repost)

[This is a repost of a previous post which removes a web link which was in violation of the board's policies. Sorry moderators! :happy This post contains a download link only] Hi all, I've created an excel spreadsheet which allows one to enter any set of earnings and determine a benefit at any age, ...
by neurosphere
Tue Nov 07, 2017 8:58 am
Forum: Investing - Help with Personal Investments
Topic: Social Security - general question
Replies: 44
Views: 4979

Re: Social Security - general question

I would suggest logging into ssa.gov and getting a copy of your SS wages. You can then copy the wages info into this website and get a fairly precise estimate of how much you will get depending on when you stop working and when you claim. https://socialsecurity.tools/app.html That's a great calcula...
by neurosphere
Mon Nov 06, 2017 1:27 pm
Forum: Personal Finance (Not Investing)
Topic: 529 question: Are stipends given for MD-PhDs considered as scholarships ?
Replies: 17
Views: 1497

Re: 529 question: Are stipends given for MD-PhDs considered as scholarships ?

OP's question was about scholarships and whether 529 money could be withdrawn without penalty, right? It sounds like a MD PhD program tuition waiver would count as a scholarship for 529 penalty-free withdrawal purposes. Taxes would still be due on any portion that was considered earnings. In my MST...
by neurosphere
Sun Nov 05, 2017 8:34 pm
Forum: Investing - Help with Personal Investments
Topic: Social Security - general question
Replies: 44
Views: 4979

Re: Social Security - general question

There is no contradiction. Social security uses two different estimates for future inflation and future wage growth: I'm not sure what contradiction you are referring to? The contradiction I was referring to in my post was that this link (https://www.ssa.gov/policy/docs/rsnotes/rsn2008-05.html) imp...
by neurosphere
Sun Nov 05, 2017 3:30 pm
Forum: Investing - Help with Personal Investments
Topic: Social Security - general question
Replies: 44
Views: 4979

Re: Social Security - general question

But there is a KEY point to remember. The SS estimates assume ZERO wage growth, and ZERO inflation from today onward. I don't think this is true. This is what the Social Security Administration says... "Estimated benefits are adjusted for economy-wide average wage growth from about the time of Stat...
by neurosphere
Sun Nov 05, 2017 1:56 pm
Forum: Personal Finance (Not Investing)
Topic: Social Security payouts vs. "estimated benefits" online
Replies: 40
Views: 2488

Re: Social Security payouts vs. "estimated benefits" online

Summary: I now (re)-claim that both the SS annual statements and the "online-calculator" assume zero wage and inflation growth in the default benefit estimates. Another data point. The "online calculator" here (https://www.ssa.gov/planners/retire/AnypiaApplet.html)... This calculator reports the ben...
by neurosphere
Sun Nov 05, 2017 11:02 am
Forum: Personal Finance (Not Investing)
Topic: Social Security payouts vs. "estimated benefits" online
Replies: 40
Views: 2488

Re: Social Security payouts vs. "estimated benefits" online

FYI, here was my email to SS (this was within a larger back and forth to a senior administrator where I reported an error in the AnyPia calculations). The person's title is "Supervisory Actuary for Trust Fund Projections" Actually, another question which comes up is, what set of wage/cpi assumptions...
by neurosphere
Sun Nov 05, 2017 10:42 am
Forum: Personal Finance (Not Investing)
Topic: Social Security payouts vs. "estimated benefits" online
Replies: 40
Views: 2488

Re: Social Security payouts vs. "estimated benefits" online

The ss.gov site gives me an estimated benefits amount that I can read today. What I'm trying to understand is - is that value on ss.gov today listed in 2017 dollars? YES. The reason is because it assumes NO CHANGE IN CPI, ever. So by definition, if the inflation rate is zero every year. Todays doll...
by neurosphere
Sat Nov 04, 2017 1:50 pm
Forum: Personal Finance (Not Investing)
Topic: 529 question: Are stipends given for MD-PhDs considered as scholarships ?
Replies: 17
Views: 1497

Re: 529 question: Are stipends given for MD-PhDs considered as scholarships ?

If MD-Phd Stipends are not considered as scholarships, I think i will incur a 10% penalty ( in addition to taxes). Will she have expenses for her Md-Phd that can be paid with her 529 ? She will have some sort of scholarship which pays for 6-12 years of tuition (graduate school tuition plus medicati...
by neurosphere
Sat Nov 04, 2017 1:37 pm
Forum: Personal Finance (Not Investing)
Topic: 529 question: Are stipends given for MD-PhDs considered as scholarships ?
Replies: 17
Views: 1497

Re: 529 question: Are stipends given for MD-PhDs considered as scholarships ?

Remember, most fully-funded MD/PHD programs (such as MSPT programs) essentially have two components: 1) A scholarship which covers tuition and fees 2) A stipend which pays for room/board/other #1 can effectively be called a "scholarship" and is not taxable. #2 is always taxable as income regardless ...
by neurosphere
Sat Nov 04, 2017 10:29 am
Forum: Personal Finance (Not Investing)
Topic: Student Loans: Best to Pay Down or Wait for Forgiveness?
Replies: 33
Views: 2060

Re: Student Loans: Best to Pay Down or Wait for Forgiveness?

I'm 37, have $180,000 in student loans (at around 6.6% interest) and make around $100,000/year (or $90K AGI). Don't forget that REPAYE has an interest subsidy which is independent of loan forgiveness. On a balance of $180,000, interest rate 6.6% and AGI of $90,000, you'll get an annual subsidy of $...
by neurosphere
Fri Nov 03, 2017 4:54 pm
Forum: Personal Finance (Not Investing)
Topic: This is why I'm glad I started investing at 23
Replies: 27
Views: 4665

Re: This is why I'm glad I started investing at 23

I'd like to keep working and hope I will. But my tolerance for the day to day: -policy changes -work process changes -org and reporting structure -new director initiatives driven solely because of their desire to "make an impact" -sycophancy (is that a word?) I'll bet that your tolerance for those ...
by neurosphere
Fri Nov 03, 2017 2:24 pm
Forum: Personal Finance (Not Investing)
Topic: Two Solo 401Ks for self under one EIN? (both sole proprietorships)
Replies: 14
Views: 794

Re: Two Solo 401Ks for self under one EIN? (both sole proprietorships)

Spirit Rider, you wrote: Maybe it is a little more detailed, a "multiple affiliated employer" plan, which because of controlled group rules is really considered a one employer one-participant 401k plan. And it seems the Fidelity plan agreements already incorporate this into the basic plan, and thus ...
by neurosphere
Fri Nov 03, 2017 1:35 pm
Forum: Personal Finance (Not Investing)
Topic: Two Solo 401Ks for self under one EIN? (both sole proprietorships)
Replies: 14
Views: 794

Re: Two Solo 401Ks for self under one EIN? (both sole proprietorships)

Yes, if your wife is "separated" from employment. then she is eligible to do a rollover to any eligible plan. It might be better to actually have either a "your services are no longer required letter" from the business to her or a resignation letter from her to the business. Yes, it looks like I mi...
by neurosphere
Thu Nov 02, 2017 6:12 pm
Forum: Personal Finance (Not Investing)
Topic: A tax planning question about the proposed GOP tax plan
Replies: 7
Views: 1019

Re: A tax planning question about the proposed GOP tax plan

jimmyrules712 wrote:
Thu Nov 02, 2017 5:35 pm

I can't ask how the proposed legislation would affect me, even if the impact requires that I take action right now?
That's correct, those happen to be the board rules. And, those rules have proven themselves to be a good idea.
by neurosphere
Thu Nov 02, 2017 2:03 pm
Forum: Personal Finance (Not Investing)
Topic: Are Treasury Bond Fund dividends taxable in NY?
Replies: 6
Views: 731

Re: Are Treasury Bond Fund dividends taxable in NY?

Here is the exact verbiage found on page 16 from the instruction booklet for IT-201 for the 2014 tax filing year: "Dividends you received from a regulated investment company (mutual fund) that invests in obligations of the U.S. government and meet the 50% asset requirement each quarter qualify for ...
by neurosphere
Wed Nov 01, 2017 5:57 pm
Forum: Personal Finance (Not Investing)
Topic: Quicken's future direction - a cause for concern
Replies: 468
Views: 56652

Re: Quicken's future direction - a cause for concern

not sure of the problem? I have many admiral share funds (and institutional via 401k) and quicken can easily differentiate by ticker. I assume the "problem" is that converting to admiral shares in Quicken is not straightforward. For me, the cost basis information gets messed up. Not a big deal, sin...
by neurosphere
Tue Oct 31, 2017 4:30 pm
Forum: Personal Finance (Not Investing)
Topic: new 401(k) limits announced
Replies: 88
Views: 12903

Re: new 401(k) limits announced

CPI-U for the first half of 2017 was 244.076. For September this year CPI-U was 246.819 so it looks like the contribution limits will go to $6k for 2019 unless we have deflation between now and then. Thanks jlcnuke. sscritic nudged me to do some additional math. :D These are the calculations I had:...
by neurosphere
Tue Oct 31, 2017 12:54 pm
Forum: Personal Finance (Not Investing)
Topic: An individual who owes me money wants my routing and account numbers for ACH transfer. Safe?
Replies: 76
Views: 6391

Re: An individual who owes me money wants my routing and account numbers for ACH transfer. Safe?

BarleywineAndBob wrote:
Tue Oct 31, 2017 12:16 pm
Maybe he doesn't trust you with his account number. :P
Touche! :P

Yes, I suspect this was, in part, one of his reasons, a general tendency to minimize such such risks. Not from me, but from things like checks getting lost/stolen.
by neurosphere
Tue Oct 31, 2017 8:56 am
Forum: Personal Finance (Not Investing)
Topic: An individual who owes me money wants my routing and account numbers for ACH transfer. Safe?
Replies: 76
Views: 6391

Re: An individual who owes me money wants my routing and account numbers for ACH transfer. Safe?

OP, I'm very much afraid you have opened a door you didn't want to open. I'd strongly suggest you keep a sharp eye on your checking account balance. Seems like an unnecessary inconvenience to have to deal with such a complicated method of receiving money owed, but not particularly dangerous. I woul...
by neurosphere
Mon Oct 30, 2017 6:41 pm
Forum: Personal Finance (Not Investing)
Topic: An individual who owes me money wants my routing and account numbers for ACH transfer. Safe?
Replies: 76
Views: 6391

Re: An individual who owes me money wants my routing and account numbers for ACH transfer. Safe?

The issue seems to be either that you are not sure you can trust this particular individual who owes you money, or that you can't trust anyone who owes you money. If the former, what are the reasons? If the latter, it would've been better not to give him the information. good points, Fallible. I ha...
by neurosphere
Mon Oct 30, 2017 6:26 pm
Forum: Personal Finance (Not Investing)
Topic: An individual who owes me money wants my routing and account numbers for ACH transfer. Safe?
Replies: 76
Views: 6391

Re: An individual who owes me money wants my routing and account numbers for ACH transfer. Safe?

He emailed to say he sent a "test" $1 transfer, and is asking me to confirm that I see this. So you've already given him the information? Yes, I gave it. And then, :oops: maybe I should have paused. But... Wait I think I misunderstood. You are not confirming test deposits. You are just confirming t...
by neurosphere
Mon Oct 30, 2017 6:21 pm
Forum: Personal Finance (Not Investing)
Topic: An individual who owes me money wants my routing and account numbers for ACH transfer. Safe?
Replies: 76
Views: 6391

Re: An individual who owes me money wants my routing and account numbers for ACH transfer. Safe?

Duckie wrote:
Mon Oct 30, 2017 6:06 pm
neurosphere wrote:He emailed to say he sent a "test" $1 transfer, and is asking me to confirm that I see this.
So you've already given him the information?
Yes, I gave it. And then, :oops: maybe I should have paused.

But...
by neurosphere
Mon Oct 30, 2017 6:20 pm
Forum: Personal Finance (Not Investing)
Topic: An individual who owes me money wants my routing and account numbers for ACH transfer. Safe?
Replies: 76
Views: 6391

Re: An individual who owes me money wants my routing and account numbers for ACH transfer. Safe?

I don't understand why he does not want to send you a check. The question is are you willing to send him a check if you owe him money. If the answer is yes, then there is no issue as all the information will be on the check. He stated ACH was "more secure" than paper check. And, I send paper checks...
by neurosphere
Mon Oct 30, 2017 5:52 pm
Forum: Personal Finance (Not Investing)
Topic: An individual who owes me money wants my routing and account numbers for ACH transfer. Safe?
Replies: 76
Views: 6391

An individual who owes me money wants my routing and account numbers for ACH transfer. Safe?

Hi all. An individual owes me money. I gave him my address to send a check. Instead he asked for my checking account routing number and account number so that he could send funds via ACH transfer. I have not heard of individuals doing an ACH transfer, but Google tells me that some banks allow this. ...
by neurosphere
Mon Oct 30, 2017 1:30 pm
Forum: Personal Finance (Not Investing)
Topic: Problem with withholding taxes, help with W-4!!
Replies: 11
Views: 646

Re: Problem with withholding taxes, help with W-4!!

Of course, there is also the problem with our California state taxes, also underpaid. Not sure if their penalty system works exactly the same way, but it might. For California: Generally, you must make estimated tax payments if you expect to owe at least $500 ($250 if married/RDP filing separately)...
by neurosphere
Mon Oct 30, 2017 1:25 pm
Forum: Personal Consumer Issues
Topic: Someone spoofing my phone number?
Replies: 45
Views: 3386

Re: Someone spoofing my phone number?

Definitely sounds like spoofing. I spoof numbers all the time, actually (for legitimate purposes). I have a phone system at home that lets me enter any outgoing caller ID information I want prior to making a call. When I want to make a business call from my home phone and not have the recipient see ...
by neurosphere
Mon Oct 30, 2017 1:05 pm
Forum: Personal Finance (Not Investing)
Topic: Problem with withholding taxes, help with W-4!!
Replies: 11
Views: 646

Re: Problem with withholding taxes, help with W-4!!

Anyways, using Federal w-4 form worksheet, I discovered I needed to withhold an extra $16,080 over the course of a year. I didn't do that; so should I call my employer and just withhold that amount over the next two months? I believe that the total "extra" withheld only applies to one W4. At least,...
by neurosphere
Fri Oct 27, 2017 5:21 pm
Forum: Personal Finance (Not Investing)
Topic: 2018 ACA rates now live....
Replies: 228
Views: 14678

Re: 2018 ACA rates now live....

So if you buy it off the exchange, is it still without regard to preexisting conditions? By contacting the company directly? I will have no subsidy and there is only one company offering plans (65804). For the most part, yes. Most policies are ACA-compliant, even if they are sold off of the ACA exc...
by neurosphere
Tue Oct 24, 2017 9:36 am
Forum: Investing - Help with Personal Investments
Topic: Can one have too much money in tax-deferred
Replies: 128
Views: 11432

Re: Can one have too much money in tax-deferred

Isn't one of the critical variables the expected retirement date? If one plans to retire at 55, then probably no, there is no "too much" tax deferred. But if one is 65 with plans to work through their 70s, and already has a pile of tax-deferred investments, that's a different situation. And one wher...
by neurosphere
Mon Oct 23, 2017 7:31 am
Forum: Personal Finance (Not Investing)
Topic: new 401(k) limits announced
Replies: 88
Views: 12903

Re: new 401(k) limits announced

Glad 401k limit was increased. But, it's also a little disappointing that the Roth IRA contribution limit stayed at $5500 - it has been at that level since 2013. IRA limits are rounded down to the nearest $500 increments. At current levels, it would require approximately a 9% increase in inflation ...
by neurosphere
Sun Oct 22, 2017 11:48 am
Forum: Personal Finance (Not Investing)
Topic: How does/can Walmart offer such inexpensive prescriptions?
Replies: 107
Views: 7127

Re: How does/can Walmart offer such inexpensive prescriptions?

That being said, you are exactly correct in that all generics do not react exactly the same in the body as the branded Rx. Partly that is due to the fact that the FDA only requires that the generic come close to 100% of the brand -- it could be +/-. But also, the binders and fillers are different a...
by neurosphere
Sat Oct 21, 2017 10:30 am
Forum: Personal Finance (Not Investing)
Topic: new 401(k) limits announced
Replies: 88
Views: 12903

Re: new 401(k) limits announced

Just set your contributions to a more aggressive amount by rounding up. Round up to 800/pay period or something. You'll get your money in the stock market faster that way. There's no rule that says you have to divide it out perfectly each pay period. One of my former employers (a major university) ...
by neurosphere
Sat Oct 21, 2017 9:53 am
Forum: Personal Finance (Not Investing)
Topic: new 401(k) limits announced
Replies: 88
Views: 12903

Re: new 401(k) limits announced

Why couldn't they just make it $18,600 instead? ... Hitting the exact limit just got messier and more of a hassle? I assume it will require making one contribution different from the others to get the numbers to line up? Or is there a better way? IRS and easy?!! :oops: I realize this comment is ess...
by neurosphere
Mon Oct 16, 2017 3:26 pm
Forum: Personal Finance (Not Investing)
Topic: Social Security payouts vs. "estimated benefits" online
Replies: 40
Views: 2488

Re: Social Security payouts vs. "estimated benefits" online

mptfan wrote:
Mon Oct 16, 2017 3:20 pm
Neurosphere, you are spreading incorrect information and causing confusion about the Social Security estimates.
Agreed, and I'm embarrassed. I appreciate the correction, and deleted one post and edited the others.
by neurosphere
Mon Oct 16, 2017 3:11 pm
Forum: Personal Finance (Not Investing)
Topic: Social Security payouts vs. "estimated benefits" online
Replies: 40
Views: 2488

Re: Social Security payouts vs. "estimated benefits" online

This is not true. These estimates assume future wage growth is zero. I don't think this is true. This is what the Social Security Administration says... "Estimated benefits are adjusted for economy-wide average wage growth from about the time of Statement issuance to about the time of retirement." ...
by neurosphere
Mon Oct 16, 2017 2:07 pm
Forum: Personal Finance (Not Investing)
Topic: Social Security payouts vs. "estimated benefits" online
Replies: 40
Views: 2488

Re: Social Security payouts vs. "estimated benefits" online

Your current online account states the "assumption" that you will earn X up until retirement. In 2016 if you maxed SS taxed earnings it was $118,500. So the assumption is you will earn $118,500 for the next 15 -20 years in your example. Well the earnings taxed by SS max in 2017 is $127,200 and 2018...
by neurosphere
Mon Oct 16, 2017 2:01 pm
Forum: Personal Finance (Not Investing)
Topic: Social Security payouts vs. "estimated benefits" online
Replies: 40
Views: 2488

Re: Social Security payouts vs. "estimated benefits" online

As an example, if today it says my estimated benefits are $3000/month ($36,000/year), could I expect $53,494/year in 20 years assuming 2% inflation per year from now until then? The [edit: mailed] benefit estimates project your most recently reported earnings forward to your benefit date. [Edit, th...
by neurosphere
Sun Oct 15, 2017 5:44 pm
Forum: Personal Consumer Issues
Topic: Liability of phone conversations while my client is driving (and I am not in the car)?
Replies: 64
Views: 4035

Re: Liability of phone conversations while my client is driving (and I am not in the car)?

You also must think through how you will determine that your client is violating the contract provision of not using a phone while driving. You may hear road sounds and the client would lie to you that he is a passenger. Well, I wouldn't think it's up to me to "prove" anything. If my policy is that...
by neurosphere
Sun Oct 15, 2017 5:34 pm
Forum: Personal Consumer Issues
Topic: Liability of phone conversations while my client is driving (and I am not in the car)?
Replies: 64
Views: 4035

Re: Liability of phone conversations while my client is driving (and I am not in the car)?

I thank everyone for their responses. Too many to reply to them individually, but I'll try to touch on or comment the main themes and some of the questions people had for me (as very nicely summarized by VictoriaF). -- My main concern was not necessarily legal liability, although it entered my mind ...
by neurosphere
Fri Oct 13, 2017 7:35 pm
Forum: Personal Consumer Issues
Topic: Liability of phone conversations while my client is driving (and I am not in the car)?
Replies: 64
Views: 4035

Re: Liability of phone conversations while my client is driving (and I am not in the car)?

I would since you are effectively saying you don't trust your client to make good decisions and you know better than them; even though you aren't there and have no idea what they are doing. As a physician, I am assumed to know "better" than my "clients", or else they wouldn't be coming to me in the...
by neurosphere
Fri Oct 13, 2017 7:22 pm
Forum: Investing - Help with Personal Investments
Topic: Why would anyone buy long term bonds Now?
Replies: 33
Views: 3031

Re: Why would anyone buy long term bonds?

I know bond funds cycle out their holdings so they are not hit as hard as an individual bond. But it still begs the question why would anyone, bond funds included take that risk for a negligible increase in returns? Don't forget that for high-bracket investors with a long time horizon, the ability ...
by neurosphere
Fri Oct 13, 2017 6:24 pm
Forum: Personal Consumer Issues
Topic: Liability of phone conversations while my client is driving (and I am not in the car)?
Replies: 64
Views: 4035

Re: Liability of phone conversations while my client is driving (and I am not in the car)?

I talk via speakerphone while driving frequently. Otherwise, I'll talk to whoever is in the car with me. Personally, I don't see the difference. I can't get into the details, but this has been extensively studied. Some of the studies are quite nicely done. In fact, talking to someone IN the car can...