Search found 881 matches

by Flobes
Tue Feb 20, 2018 1:27 pm
Forum: Personal Consumer Issues
Topic: Paying for expedited credit card replacements?
Replies: 16
Views: 571

Re: Paying for expedited credit card replacements?

My Chase Freedom card was compromised twice in a year. First time, Chase that caught the fraud. Second time, a hotel where I'd been a guest sent an email saying their records had been hacked; I read email to Chase and they issued an new card. Both times, Chase overnighted replacement card at no cost...
by Flobes
Tue Feb 20, 2018 12:05 pm
Forum: Personal Finance (Not Investing)
Topic: Social Security and late life marriage
Replies: 10
Views: 1005

Re: Social Security and late life marriage

I had never seen reference to the 9 (or 12) month requirement. Larry Kotlikoff: "If you are married for just nine months, your new spouse can qualify for survivor benefits. And you only need to be married for one year to permit your new spouse to qualify for spousal benefits. So I'm confused, is it...
by Flobes
Tue Feb 20, 2018 11:14 am
Forum: Personal Finance (Not Investing)
Topic: Social Security and late life marriage
Replies: 10
Views: 1005

Re: Social Security and late life marriage

I had never seen reference to the 9 (or 12) month requirement. Larry Kotlikoff: "If you are married for just nine months, your new spouse can qualify for survivor benefits. And you only need to be married for one year to permit your new spouse to qualify for spousal benefits. But if you get divorce...
by Flobes
Mon Feb 19, 2018 8:10 pm
Forum: Personal Finance (Not Investing)
Topic: Early Withdrawal ira
Replies: 7
Views: 369

Re: Early Withdrawal ira

pianoboy wrote:
Mon Feb 19, 2018 5:10 pm
...i live in PA in the 28% tax bracket
Are you subject to Pennsylvania income taxes?
by Flobes
Mon Feb 19, 2018 6:47 pm
Forum: Personal Consumer Issues
Topic: Good store for roller shades?
Replies: 12
Views: 871

Re: Good store for roller shades?

I've had very good experience with window treatment products, shades and blinds, from Smith and Noble. Some are on the windows nearly 20 years; they still look fine and all the hardware works. In another room I used another company, and after just a few years, they're ragged and the hardware is fall...
by Flobes
Sun Feb 18, 2018 5:41 pm
Forum: Personal Consumer Issues
Topic: Do you wear a wedding band? [at a job interview]
Replies: 146
Views: 8300

Re: Do you wear a wedding band?

I am an unmarried woman.

I often wear a wedding ring when I travel.
by Flobes
Fri Feb 16, 2018 9:43 pm
Forum: Personal Finance (Not Investing)
Topic: Pre- vs post-tax saving: Am I thinking it wrong?
Replies: 25
Views: 1657

Re: Pre- vs post-tax saving: Am I thinking it wrong?

One more nuance: At retirement ages, some states exempt some or all IRA distributions, including Roth conversions, from state income tax. I'm Roth converting $24k/year exempt from Colorado state tax. So money went in state-tax free and comes out state-tax-free.
by Flobes
Tue Feb 13, 2018 12:39 am
Forum: Investing - Help with Personal Investments
Topic: rmd disaster
Replies: 23
Views: 2526

Re: rmd disaster

freaking out Take a deep breath. I missed my first rmd deadline in january from my 401k. Missing an RMD is fixable. There are no RMDs due in January. Please clarify. I think vanguard may have bought an annuity with the funds. What does this mean? You bought something at Vanguard? With some or all o...
by Flobes
Mon Feb 12, 2018 8:09 pm
Forum: Personal Finance (Not Investing)
Topic: Please Post Tax Bill Questions Here [was Tax Bill Omnibus Thread]
Replies: 886
Views: 51080

Re: Please Post Tax Bill Questions Here [was Tax Bill Omnibus Thread]

Can anyone confirm whether the "Alternative Fuel Vehicle Refueling Property Credit" , which goes towards electric car chargers among other things, was renewed ? The Full List: Summary of the Tax Extenders Agreement From the ^document: "Section 40404. Extension of credit for alternative fuel vehicle...
by Flobes
Sat Feb 10, 2018 4:06 pm
Forum: Personal Finance (Not Investing)
Topic: Please Post Tax Bill Questions Here [was Tax Bill Omnibus Thread]
Replies: 886
Views: 51080

Re: Please Post Tax Bill Questions Here [was Tax Bill Omnibus Thread]

So does anybody know of a good overview for yer basic citizen of what tax changes are in yesterday’s budget deal? Forbes: Budget Deal Revives Expired Tax Breaks Tax Foundation: Budget Deal Extends Several Expired Tax Provisions Fairmark: Budget Deal Affects 2017 Tax Returns Bogleheads thread: US Bu...
by Flobes
Fri Feb 09, 2018 5:47 pm
Forum: Personal Finance (Not Investing)
Topic: [US Budget deal Revives Expired Individual Tax Breaks for 2017]
Replies: 25
Views: 3155

Re: Tax extenders have been resurrected from the dead AGAIN!

Email this afternoon from Fairmark: In the middle of tax filing season, Congress changed some rules affecting the 2017 tax returns of millions of Americans. The new budget law retroactively extends through 2017 dozens of deductions and credits that expired at the end of 2016. It also offers various ...
by Flobes
Tue Feb 06, 2018 1:09 am
Forum: Investing - Help with Personal Investments
Topic: Calculating the payroll value of a pension?
Replies: 11
Views: 984

Re: Calculating the payroll value of a pension?

Musings on the WEP Just to clarify: Eliminating the WEP requires 30 "substantial" years, not 30 years of Social Security earnings. This I know because I have only 27 substantial years from 40 years of Social Security earnings; I am subject to the WEP. Another way to eliminate the WEP is to take the...
by Flobes
Mon Feb 05, 2018 2:41 pm
Forum: Personal Finance (Not Investing)
Topic: Home Office Tax Deduction
Replies: 14
Views: 817

Re: Home Office Tax Deduction

My position at my job is being converted in a couple months to permanent work from home. I'm going to have to hire a contractor to partially finish my basement to put a dedicated home office down there, as there's really no other room in the house that'll work. A friend was in a similar situation, ...
by Flobes
Sun Feb 04, 2018 4:32 pm
Forum: Personal Consumer Issues
Topic: T-Mobile Coverage in Rural Areas
Replies: 31
Views: 1104

Re: T-Mobile Coverage in Rural Areas

Cheyenne wrote:
Sun Feb 04, 2018 4:19 pm
I was wondering if you have encountered any areas where Verizon Prepaid doesn't work (due to the absence of roaming on prepaid), but Verizon Postpaid does work.
Not yet.

It's a good question...
by Flobes
Sun Feb 04, 2018 4:29 pm
Forum: Personal Consumer Issues
Topic: Night Vision Glasses
Replies: 16
Views: 1938

Re: Night Vision Glasses

I keep yellow night vision glasses in the car. They help me with glare of oncoming headlights. But they actually darken your visual field, as any tinted glasses will. In places with no streetlights, yellow night glasses will exacerbate, rather than relieve, your problem of not seeing in the dark. Do...
by Flobes
Sun Feb 04, 2018 3:56 pm
Forum: Personal Consumer Issues
Topic: T-Mobile Coverage in Rural Areas
Replies: 31
Views: 1104

Re: T-Mobile Coverage in Rural Areas

I live in the rural West. Anything that's not Verizon is mostly useless. Here's a strategy: Switch your Verizon to two lines of "prepaid" services. $70/month buys two lines, each with unlimited US talk and text, 3gb data, carry-over data, mobile hotspots, some international texting, no contract. Tha...
by Flobes
Sat Feb 03, 2018 6:33 pm
Forum: Personal Finance (Not Investing)
Topic: Flying Under Uncle Sam's Radar?
Replies: 17
Views: 2121

Re: Flying Under Uncle Sam's Radar?

retiredjg wrote:
Sat Feb 03, 2018 6:11 pm
Since you are currently 52.....considering RMDs as income might be a little premature.😊
OP has an Inherited IRA, already subject to RMDs now. Those RMDs are part of current income considerations.
by Flobes
Sat Feb 03, 2018 5:53 pm
Forum: Personal Finance (Not Investing)
Topic: Flying Under Uncle Sam's Radar?
Replies: 17
Views: 2121

Re: Flying Under Uncle Sam's Radar?

Marsh45 wrote:
Sat Feb 03, 2018 2:32 pm
Newbie here. Am I missing something?

...with ~$ in tax deferred (... Inherited IRA)...
Your income estimates do not include the RMDs from your Inherited IRA.
by Flobes
Fri Feb 02, 2018 8:46 pm
Forum: Personal Finance (Not Investing)
Topic: Another Bunch Umbrella Insurance Questions
Replies: 9
Views: 585

Re: Another Bunch Umbrella Insurance Questions

After reading many of these threads and much procrastination, a few years ago I got umbrella insurance. My tipping point: Running errands on an ordinary day, at the post office an Aston Martin Rapide -- a $200,000 car -- parked next to me, and I imagined what nasty legalities might ensue if I breath...
by Flobes
Thu Feb 01, 2018 12:15 pm
Forum: Personal Finance (Not Investing)
Topic: Annuities - how does insurance company know you died?
Replies: 58
Views: 4464

Re: Annuities - how does insurance company know you died?

Does anyone know what is the average elapsed time between someone dying and their death being reported via this system? When my father died: two mornings after, a friendly bank clerk called my mother to suggest Mom come promptly to empty their jointly-held safe deposit box because it would be seale...
by Flobes
Wed Jan 24, 2018 4:33 pm
Forum: Investing - Help with Personal Investments
Topic: Please help with Retirement Income questions.
Replies: 8
Views: 683

Re: Please help with Retirement Income questions.

Welcome to the Forum, Barry. There are more than two camps. I am firmly in the third camp. And you might be too. Primary consideration: What other opportunities open wide if AGI remains very low by delaying both Social Security and pension benefits? These benefits may outweigh SS and pension timing ...
by Flobes
Tue Jan 23, 2018 11:25 pm
Forum: Personal Finance (Not Investing)
Topic: Keep Pension Or Rollover
Replies: 8
Views: 677

Re: Keep Pension Or Rollover

OldSport wrote:
Tue Jan 23, 2018 10:43 pm
What is WEP? When is it applicable?
I sent you a Private Message.
by Flobes
Tue Jan 23, 2018 10:35 pm
Forum: Personal Finance (Not Investing)
Topic: Keep Pension Or Rollover
Replies: 8
Views: 677

Re: Keep Pension Or Rollover

Is this a public (rather than a private corporate) pension? The underlying question: Will you be subject to the dreaded WEP (assuming you are eligible and planning to collect Social Security retirement benefits)? If the answer is yes, then the strategy of when and how to receive the pension can acco...
by Flobes
Tue Jan 23, 2018 7:57 pm
Forum: Investing - Help with Personal Investments
Topic: Help with Inherited IRA RMD
Replies: 11
Views: 859

Re: Help with Inherited IRA RMD

Sounds like you are taking your entire RMD from the CD IRA at a CU and they waive the early distribution penalty not only for the RMD for the CU CD, but for the Vanguard IRA RMD as well, which could be much larger than the CD since your CD purchase was only for 5 years of RMDs. Unless I misundersto...
by Flobes
Tue Jan 23, 2018 5:58 pm
Forum: Investing - Help with Personal Investments
Topic: Help with Inherited IRA RMD
Replies: 11
Views: 859

Re: Help with Inherited IRA RMD

As a novice investor, I have a question about the appropriate way to take the RMD from an inherited IRA when that $ is primarily invested in mutual funds at Schwab... I planned to have about a 65-35 stock to bond portfolio so the allocations definitely need to be adjusted. Should I just sell off th...
by Flobes
Sun Jan 21, 2018 3:23 pm
Forum: Personal Consumer Issues
Topic: Anyone donated a car to charity?
Replies: 25
Views: 1426

Re: Anyone donated a car to charity?

This topic comes up with frequency, and here's my perennial answer: * Donate your car to the school district's industrial arts program. * Future mechanics will spend hours taking it apart, then putting it back together. * It's more than OK if it needs repairs. Fixing is a goal. * They are always in ...
by Flobes
Fri Jan 19, 2018 12:59 am
Forum: Investing - Help with Personal Investments
Topic: Help with setting up Inherited IRA and then transferring
Replies: 10
Views: 706

Re: Help with setting up Inherited IRA and then transferring

comehither2k18 wrote:
Thu Jan 18, 2018 3:22 pm
...The account in question is a qualified annuity IRA (mother in-law inherited from from her mother) and...
Just to clarify: Your wife is inheriting an Inherited IRA. Correct? Your earlier posts simply called it an inherited IRA.

This is important. The rules are different.
by Flobes
Wed Jan 17, 2018 3:31 pm
Forum: Personal Finance (Not Investing)
Topic: Deceased mother's Financial Advisor wants $500+ to convert to bene IRA
Replies: 31
Views: 2596

Re: Deceased mother's IRA co wants $500+ to convert to bene IRA

$500 to transfer an inherited IRA smells mighty egregious. Not at all typical. I've inherited multiple IRAs. I dealt with the procedures of seven institutions. Six charged $0, and one charged $25 (cited as an account closure fee) to transfer them to me as a beneficiary IRA. Four hours is three hours...
by Flobes
Sun Jan 14, 2018 1:36 pm
Forum: Personal Finance (Not Investing)
Topic: What unexpected emergencies require sizeable emergency cash funds available immediately in a checking account?
Replies: 95
Views: 8095

Re: What unexpected emergencies require sizeable emergency cash funds available immediately in a checking account?

What types of unexpected emergencies for individuals would require a larger amount of instant cash available immediately that cannot wait for a wire of funds or next business day transfer? Funeral. They accept credit cards. I went through this a few years ago. Make sure your available credit is eno...
by Flobes
Sun Jan 14, 2018 1:25 pm
Forum: Personal Finance (Not Investing)
Topic: What unexpected emergencies require sizeable emergency cash funds available immediately in a checking account?
Replies: 95
Views: 8095

Re: What unexpected emergencies require sizeable emergency cash funds available immediately in a checking account?

Global100 wrote:
Sun Jan 14, 2018 11:28 am
What types of unexpected emergencies for individuals would require a larger amount of instant cash available immediately that cannot wait for a wire of funds or next business day transfer?
Funeral.
by Flobes
Fri Jan 05, 2018 7:10 pm
Forum: Forum Issues and Administration
Topic: Misuse of adverse when averse was meant
Replies: 145
Views: 6083

Re: Misuse of adverse when averse was meant

OK. I'll play. My pet peeve regarding chronic linguistic offense on the Forum: "You guys" is not a pronoun. "Hey guys!" is not a polite greeting. "Thanks guys" omits (slightly more than) half the world. Runner up for peeve du jour: Subject titles that end with a string of question marks. What's that...
by Flobes
Wed Jan 03, 2018 12:32 pm
Forum: Personal Finance (Not Investing)
Topic: What to do with parent under Medicare age?
Replies: 18
Views: 880

Re: What to do with parent under Medicare age?

So far the only real response is Medicaid. Can you elaborate on that a little bit? Is it available to green card holders? Does asset affect it? Thanks for any insight, and I will do my own research as well. Also, I did not know that the ACA marketplace is unavailable to those who do not have income...
by Flobes
Fri Dec 29, 2017 12:35 pm
Forum: Investing - Theory, News & General
Topic: Partial Roth Conversions ?
Replies: 6
Views: 832

Re: Partial Roth Conversions ?

Are there any other advantages to doing partial Roth conversions ? In my state, some "pension income" is excluded from state income taxes ($20k 55-64; $24k 65+). The definition of "pension income" includes Roth conversions. In the year I turn 70, Social Security will fill this "exempt" bucket. So I...
by Flobes
Fri Dec 22, 2017 2:21 pm
Forum: Personal Finance (Not Investing)
Topic: HSA - Is Monthly Insurance Premium Eligible Expense?
Replies: 10
Views: 898

Re: HSA - Is Monthly Insurance Premium Eligible Expense?

I am not employed .... HSA funds can be used for insurance premiums only if your insurance is COBRA or you are collecting unemployment benefits. "I am not employed" is not by itself sufficient to qualify. Can't you use them to pay for some types of supplemental health insurance premiums if you're o...
by Flobes
Wed Dec 20, 2017 10:11 pm
Forum: Personal Consumer Issues
Topic: Art class/retreat
Replies: 10
Views: 653

Re: Art class/retreat

For an experiential painting retreat, learning skills from master teachers:
Anderson Ranch Arts Center • Snowmass Village, Colorado
Anderson Ranch
by Flobes
Tue Dec 19, 2017 10:43 am
Forum: Investing - Help with Personal Investments
Topic: How much to covert to Roth?
Replies: 27
Views: 2484

Re: How much to covert to Roth?

Don't forget: you also have dividends income from your Total Stock, Total International, and Apple holdings; they need protection in the 15% bracket. Any other income, like interest, you forgot to include?
by Flobes
Tue Dec 19, 2017 10:23 am
Forum: Personal Finance (Not Investing)
Topic: Please help me understand the SS - WEP (Windfall Elim. Provision)
Replies: 5
Views: 511

Re: Please help me understand the SS - WEP (Windfall Elim. Provision)

Whether or not your pension is subject to the WEP is tricky. The answer is easy to get. It is probably in your plan documents. Or call the state office that administers your pension, and ask if it's subject to the WEP; they will know. If your pension is indeed subject to WEP, we can help you underst...
by Flobes
Mon Dec 18, 2017 9:41 pm
Forum: Personal Finance (Not Investing)
Topic: Paying Medicare Premiums Quarterly While Suspending SS
Replies: 16
Views: 884

Re: Paying Medicare Premiums Quarterly While Suspending SS

I start Medicare in January. I sent them the paper work for direct debit but I just received a bill for the first quarter stating it is Due December 25. If I pay this will they hold off the start of direct debit until the next payment is due or is this going to start some kind of refund process? Yo...
by Flobes
Sun Dec 17, 2017 11:40 am
Forum: Personal Finance (Not Investing)
Topic: Paying Medicare Premiums Quarterly While Suspending SS
Replies: 16
Views: 884

Re: Paying Medicare Premiums Quarterly While Suspending SS

My suggestion: call Medicare and ask about a process for advance payment. Place that call with phone on speaker, and a fresh cup of coffee, and a good book, and not on a Monday or Friday; hold times are rather long. Another solution: It is possible to file for auto-withdrawal from your checking (or ...
by Flobes
Sun Dec 17, 2017 11:01 am
Forum: Personal Finance (Not Investing)
Topic: What are the negatives of inheriting a Roth IRA - if any? (Non Spousal)
Replies: 11
Views: 1200

Re: What are the negatives of inheriting a Roth IRA - if any? (Non Spousal)

EyeYield wrote:
Sun Dec 17, 2017 10:38 am
As I understand it, they will have three options. They can choose to let it grow tax free, but not contribute to it, choose to take yearly RMDs tax free or take the whole thing after 5 years tax free. Do I understand this correctly?
Not quite right. Read the wiki:
Inheriting a Roth IRA
by Flobes
Sun Dec 17, 2017 10:53 am
Forum: Personal Finance (Not Investing)
Topic: Paying Medicare Premiums Quarterly While Suspending SS
Replies: 16
Views: 884

Re: Paying Medicare Premiums Quarterly While Suspending SS

Is your account in arrears or are you attempting to pay it forward?

Just very recently, I was specifically advised by a Medicare CSR that in the case where they receive or process over-payment, the amount cannot be applied for future premiums, and it will be refunded.
by Flobes
Wed Dec 13, 2017 11:56 am
Forum: Personal Consumer Issues
Topic: Novel Gift Ideas for Adult Siblings
Replies: 27
Views: 2203

Re: Novel Gift Ideas for Adult Siblings

Get everyone a professional yoyo. Endlessly entertaining. Fun. Smile inducing. Stress relieving. Easy to start; more difficult to master the tricks. Could even be a sibling rivalry competition at future holiday(s). It's the most appreciated gift I've ever given to adults. Amazon, of course, stocks m...
by Flobes
Thu Dec 07, 2017 11:09 pm
Forum: Investing - Help with Personal Investments
Topic: Early Retirement Roth Conversion vs Healthcare Subsidies
Replies: 15
Views: 1278

Re: Early Retirement Roth Conversion vs Healthcare Subsidies

I decided to do the conversions and forgo the subsidy’s, but it depends on your net worth, amount in your IRAs, projected tax bracket after rmds kick in, etc. I decided to forego Roth conversions and maximize subsidies, saving $18k/year/person of health insurance costs. Pre-ACA, I'd been busy Roth ...
by Flobes
Mon Dec 04, 2017 8:37 pm
Forum: Personal Finance (Not Investing)
Topic: Self Emp Health Ins Deduction and ACA PTC
Replies: 1
Views: 208

Re: Self Emp Health Ins Deduction and ACA PTC

Boglehead tfb aka The Finance Buff aka Harry Sit has authored a series of articles about self-employment and reconciling ACA subsidies at tax-time: Circular reference for self-employed insurance deduction under ACA Summarizing IRS guidance for self-employed and premiums subsidy How software handles ...
by Flobes
Mon Nov 27, 2017 10:21 pm
Forum: Personal Consumer Issues
Topic: Insulated shopping bags
Replies: 14
Views: 879

Re: Insulated shopping bags

I routinely use similar insulated bags for refrigerated and frozen foods when grocery shopping. Frozen items provide ample coolth. Ice cream does not melt and items don't defrost on my 40-mile drive home from Costco. Even on warm days, though I do stash them out of sunshine. I do not use the bags as...
by Flobes
Mon Nov 27, 2017 10:02 pm
Forum: Investing - Help with Personal Investments
Topic: Is this worth amending my returns? Contribution tax year details.
Replies: 6
Views: 682

Re: Is this worth amending my returns? Contribution tax year details.

No special perks here. I'm also on the cheapo TaxAct plan; for federal and state I paid $15 in 2015 and $10 for 2016. My recollection is that it was not self-evident how to accomplish it myself, so I called. She said a whole bunch of stuff, and I asked for a slow-down, and she offered detailed assis...
by Flobes
Mon Nov 27, 2017 9:11 pm
Forum: Investing - Help with Personal Investments
Topic: Is this worth amending my returns? Contribution tax year details.
Replies: 6
Views: 682

Re: Is this worth amending my returns? Contribution tax year details.

In 2016, I filed an Amended 2015 return with an Amended 8606, with TaxAct. I discovered the 8606 mishap while pre-working my 2016 return. I called TaxAct. And a very competent, friendly CSR walked me through the process, through the TaxAct labyrinth, step-by-step, while we were conversing via speake...
by Flobes
Sun Nov 26, 2017 7:53 pm
Forum: Personal Finance (Not Investing)
Topic: Trying to avoid ACA Subsidy failure!
Replies: 18
Views: 1861

Re: Trying to avoid ACA Subsidy failure!

Two issues are presented here by OP. FIRST: How can MAGI be reduced by $4300 to preserve ACA subsidy? * Less Income, earned and other. * Shift some taxable fixed-income holdings that generate interest and/or dividends to IBonds. Interest can be tax-deferred until redemption and is not added to MAGI....