Search found 1627 matches

by Carl53
Mon Dec 17, 2018 6:21 am
Forum: Personal Finance (Not Investing)
Topic: How much do you pay for cable/internet/cellphone
Replies: 63
Views: 3173

Re: How much do you pay for cable/internet/cellphone

Home wifi: 100 GB per month, 15 Mbps. $10.5 His Phone: Unlimited talk time, 5 GB data, unused data carries over to next month. $5 Her Phone: Unlimited talk time, 1.5 GB daily data. $4 No Netflix No Amazon prime Total - $19.5 per month Emerging countries are cheap. I am so often amazed at how cheap ...
by Carl53
Mon Dec 17, 2018 6:07 am
Forum: Personal Finance (Not Investing)
Topic: Social Security options for 2 equal-history spouses.
Replies: 20
Views: 1468

Re: Social Security options for 2 equal-history spouses.

Is the most significatn data point being equal in age, or equal in SS benefit amount? My wife & I have very close SS benefit amounts, but 2 years age difference (60 & 62). How does one do the calculation in that scenario? I would suggest running the OSS calculator linked above, it is very easy to u...
by Carl53
Mon Dec 17, 2018 4:41 am
Forum: Personal Finance (Not Investing)
Topic: Weighing FDIC insurance versus VG consolidation
Replies: 3
Views: 366

Weighing FDIC insurance versus VG consolidation

Most of our retirement assets are at Vanguard and mine are in excess of the SIPC coverage. Other threads indicate that SIPC coverage as well as Vanguard excess coverage are not as good as FDIC coverage. I know that many on this forum have large VG or other brokerage accounts. My second largest retir...
by Carl53
Sun Dec 16, 2018 6:30 am
Forum: Personal Finance (Not Investing)
Topic: Can I retire
Replies: 126
Views: 9681

Re: Can I retire

How can someone spend 250k a year in living expenses? I'd like to be in a position where I could try. Taxes, vacation home in HCOL state, travel first class, new cars every other year, Ruth Crist Steakhouse etc. While we live what I consider very well, the only item on the above list we do is the t...
by Carl53
Sat Dec 15, 2018 7:41 am
Forum: Personal Finance (Not Investing)
Topic: Social Security Claiming dilemma-Would love opinions
Replies: 29
Views: 2792

Re: Social Security Claiming dilemma-Would love opinions

Muddlehead, My wife's benefit at age 66 ( May 2019) would be $2050/mo or $1335/mo if she took the spousal option. Mine would be $2296/mo if I claimed at age 64 ( March 2019) I plugged your numbers into OSS calculator to see that the recommended option had a PV about $20k greater than your original ...
by Carl53
Fri Dec 14, 2018 7:26 am
Forum: Investing - Help with Personal Investments
Topic: My PenFed 5 yr CDs are maturing
Replies: 35
Views: 2681

Re: My PenFed 5 yr CDs are maturing

I set up a link from my brokerage account to PenFed for the express purpose of being able to do a pull from the brokerage side. If you try to push from the PenFed side, you run into the 5K daily limit. In retrospect, it was false economy as paying $20 for a wire would have allowed me to replace the...
by Carl53
Fri Dec 14, 2018 6:24 am
Forum: Investing - Help with Personal Investments
Topic: My PenFed 5 yr CDs are maturing
Replies: 35
Views: 2681

Re: My PenFed 5 yr CDs are maturing

I suspect the new 2% Premium Online Savings offering is an attempt to stem the hemorrhaging in taxable CD funds bailing due to the onerous EWD penalties now associated with their CDs. Not sure if it enough for me to keep any of the funds at PF. Our first two CDs have successfully been transferred ou...
by Carl53
Fri Dec 14, 2018 6:09 am
Forum: Personal Finance (Not Investing)
Topic: "Open Social Security" calculator: feature requests, bug reports, etc
Replies: 265
Views: 25058

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

I just reran our open social security scenario. Both of our birthdays are the same month but lower earning spouse is on the 2nd and i'm midmonth four years older. OSS recommends spouse filing for benefits in birth month with me taking restricted spousal in the same month. It recommends later me taki...
by Carl53
Thu Dec 13, 2018 11:09 am
Forum: Investing - Help with Personal Investments
Topic: Advice for older and younger person saving for retirement?
Replies: 31
Views: 2468

Re: Advice for older and younger person saving for retirement?

A couple of things: -your mother's full retirement age for SS will be between 66 & 67 -your mother can collect a reduced SS survivor benefit starting at age 60; she will get more for every year she waits until her SS full retirement age -SS benefits will be reduced by $1 for every $2 of earned inco...
by Carl53
Wed Dec 12, 2018 3:44 pm
Forum: Investing - Help with Personal Investments
Topic: My PenFed 5 yr CDs are maturing
Replies: 35
Views: 2681

Re: How to move the $$ from PenFed

I too have several of these maturing over the next few weeks. I am seeking to transfer them to my Vanguard account. PenFed limits transfers to $5000 a day, that will make for a painfully slow process. I went to Vanguard and sought to pull money from PenFed to Vanguard (didn't go through with it bec...
by Carl53
Tue Dec 11, 2018 4:06 am
Forum: Personal Finance (Not Investing)
Topic: "Bank Of America Cash Rewards Card Now Lets You Choose Your 3%(=5.25%) Category"
Replies: 53
Views: 5343

Re: "Bank Of America Cash Rewards Card Now Lets You Choose Your 3%(=5.25%) Category"

Excuse me while I don't jump to the front of the line to get the platinum plus bonus on my savings account with 0.06% interest( instead of the standard 0.03%). With a $100k on deposit/invested I can get 5.25% reward on up to $10k of select credit card purchases. Perhaps, $325 more than my 2% rebate...
by Carl53
Mon Dec 10, 2018 7:32 pm
Forum: Personal Finance (Not Investing)
Topic: "Bank Of America Cash Rewards Card Now Lets You Choose Your 3%(=5.25%) Category"
Replies: 53
Views: 5343

Re: "Bank Of America Cash Rewards Card Now Lets You Choose Your 3%(=5.25%) Category"

Excuse me while I don't jump to the front of the line to get the platinum plus bonus on my savings account with 0.06% interest( instead of the standard 0.03%). With a $100k on deposit/invested I can get 5.25% reward on up to $10k of select credit card purchases. Perhaps, $325 more than my 2% rebate...
by Carl53
Mon Dec 10, 2018 7:08 pm
Forum: Personal Finance (Not Investing)
Topic: "Bank Of America Cash Rewards Card Now Lets You Choose Your 3%(=5.25%) Category"
Replies: 53
Views: 5343

Re: "Bank Of America Cash Rewards Card Now Lets You Choose Your 3%(=5.25%) Category"

Excuse me while I don't jump to the front of the line to get the platinum plus bonus on my savings account with 0.06% interest( instead of the standard 0.03%). With a $100k on deposit/invested I can get 5.25% reward on up to $10k of select credit card purchases. Perhaps, $325 more than my 2% rebate ...
by Carl53
Sat Dec 08, 2018 3:11 pm
Forum: Personal Finance (Not Investing)
Topic: Rental Car Damage Issue
Replies: 69
Views: 4050

Re: Rental Car Damage Issue

When I occasionally rent a car, I usually take photos of all damage I spot upon pick up, and if anything more than a tiny scratch, bring it to the attention of the rental agent, letting them know I have taken photos. Take photos again at return. Not sure that you can protect yourself in your after t...
by Carl53
Fri Dec 07, 2018 4:10 pm
Forum: Investing - Help with Personal Investments
Topic: Roth conversion
Replies: 15
Views: 1751

Re: Roth conversion

2018 adjusted gross income - $44,875 SS $15,756 (spousal rate) adjusted at 85% = $13,393 total adjusted income $58,268 with a standard deduction = 22% Fed tax $7153 state $1455 Is there a typo above? I cannot make any sense of your tax calculation and can't see how you could have taxes that high. C...
by Carl53
Fri Dec 07, 2018 8:26 am
Forum: Personal Finance (Not Investing)
Topic: "Open Social Security" calculator: feature requests, bug reports, etc
Replies: 265
Views: 25058

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

But it is difficult to grasp that my spouse claiming 1 year earlier, and an amount that is $1000 less, would only result in a $500 reduction in the PV as compared to the best strategy. In addition to what ObliviousInvestor explained, there are also other factors at work here... The calculator assum...
by Carl53
Thu Dec 06, 2018 6:35 am
Forum: Personal Finance (Not Investing)
Topic: Roth conversion for backdoor: wait?
Replies: 25
Views: 1426

Re: Roth conversion for backdoor: wait?

If you are certain that in 20 years you will be in a lower bracket, then B might be best, otherwise go with A. If I go with B and contribute post-tax to the tIRA, when the day comes that we are ready to convert to Roth, will I be able to account for the pre-tax vs. post-tax contributions to the tIRA...
by Carl53
Thu Dec 06, 2018 6:20 am
Forum: Personal Consumer Issues
Topic: Mitsubishi ductless heating/cooling unit
Replies: 74
Views: 9444

Re: Mitsubishi ductless heating/cooling unit

steelgtr wrote:
Wed Dec 05, 2018 11:55 am
How do you disable the condensation pump?
If your system was designed with one in it, it would likely be unwise to cut the electric to it.
by Carl53
Thu Dec 06, 2018 6:06 am
Forum: Investing - Help with Personal Investments
Topic: Roth conversion
Replies: 15
Views: 1751

Re: Roth conversion

What is probably happening is the bump up in marginal rates by up to 85% by the addition of SS to your income stream. Here are some outdated graphics from a 2011 thread ( https://www.bogleheads.org/forum/viewtopic.php?f=1&t=70229 ) with the old tax brackets that show what adding SS to your otherwise...
by Carl53
Wed Dec 05, 2018 7:16 am
Forum: Investing - Help with Personal Investments
Topic: Young Ohio Municipal Worker Looking For Advice
Replies: 3
Views: 607

Re: Young Ohio Municipal Worker Looking For Advice

Welcome. You are doing well to have found this forum and seeking advice here. Questions: 1. Are these AA’s O.K.? I would like to have the ability to tax loss harvest if possible. Am I way off base here or would it be better to hold say a Vanguard Target Retirement 2060 Fund (VTTSX) (0.15%) 54/36/7/...
by Carl53
Mon Dec 03, 2018 6:06 am
Forum: Personal Finance (Not Investing)
Topic: Retirement itch- when did you get it?
Replies: 127
Views: 11978

Re: Retirement itch- when did you get it?

At age 54, a coworker of the same age announced his planned retirement and then suffered a massive stroke before retiring. I decided that there was no point in piling on wealth just to leave it to the government or others. Also, the company was failing due to bad decisions. I left just before my 55t...
by Carl53
Sun Dec 02, 2018 1:56 pm
Forum: Personal Finance (Not Investing)
Topic: Social Security Draw Question
Replies: 32
Views: 2924

Re: Social Security Draw Question

Ok, that throws a new wrinkle into it and I guess I am wondering what you recommend. Essentially it sounds like you can take the money now but you will essentially "Pay it back" when you start collecting the spousal benefit. 1. If she starts collecting now then when she goes to spousal benefit she ...
by Carl53
Thu Nov 29, 2018 1:15 pm
Forum: Investing - Help with Personal Investments
Topic: When to cash in EE Savings Bonds
Replies: 16
Views: 1626

Re: When to cash in EE Savings Bonds

I thought that they were still earning 4% minimum, but apparently not. Maybe in the low to mid 2%. Check this link to determine the value and current rate. https://www.treasurydirect.gov/BC/SBCPrice I'd cash them in to avoid the hassle (fewer local places to cash them in) or doing them later at a gr...
by Carl53
Sat Nov 24, 2018 6:30 am
Forum: Investing - Help with Personal Investments
Topic: Roth conversion in a low income year.
Replies: 11
Views: 1302

Re: Roth conversion in a low income year.

Am I right in assuming that the standard deduction of 12K would allow her to convert that much totally tax free? Yes, federal tax free. She may owe state taxes. Total income around 2-3K for the year. If that $2-3k is earned income, she can put $2000 in a Roth, earning a $1000 Saver's Credit. IRS re...
by Carl53
Sat Nov 24, 2018 6:05 am
Forum: Investing - Help with Personal Investments
Topic: Investing House Proceeds for Parents
Replies: 6
Views: 767

Re: Investing House Proceeds for Parents

Their new mortgage is likely on the order of 4.5% interest. Pay it off as a 4.5% return on invested funds is certainly not a sure thing.

You do not mention whether they have large sums saved for retirement. If they do then it probably does not matter if they prefer to gamble.
by Carl53
Thu Nov 22, 2018 9:19 pm
Forum: Personal Finance (Not Investing)
Topic: "Open Social Security" calculator: feature requests, bug reports, etc
Replies: 265
Views: 25058

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

I'm wondering if the calculator is making a mistake, or if we are misunderstanding how it works. My dad thinks that my mom should get 50% of his benefit as a spousal benefit. So, playing with the calculator, if Mom files at 62, she gets ~$7k per year from her own record. If dad files at 70, he gets...
by Carl53
Sat Nov 17, 2018 8:17 am
Forum: Investing - Help with Personal Investments
Topic: Roth conversion
Replies: 6
Views: 511

Re: Roth conversion

They cannot convert their RMDs. However they can do conversions of amounts in addition to their RMDs which will lower future RMDs. Be careful of converting large sums that may cause Medicare premiums to increase. Depending on where they are in the tax brackets, they may or may not save on taxes. Som...
by Carl53
Sat Nov 17, 2018 6:39 am
Forum: Personal Finance (Not Investing)
Topic: Incompetent home inspector - what to do?
Replies: 52
Views: 5188

Re: Incompetent home inspector - what to do?

Around here seller's agents and sellers will not look at an inspection report. They will refuse delivery if you send them one. The reason is that any known defects must be disclosed to any other buyer. What they don't know, they can't disclose. The "plastic pipes" may have been drain pipes. These s...
by Carl53
Fri Nov 16, 2018 1:18 pm
Forum: Personal Finance (Not Investing)
Topic: 38 & 43 with pension and $1M in assets considering increasing spending
Replies: 18
Views: 2152

Re: 38 & 43 with pension and $1M in assets considering increasing spending

I agree that bumping up your spending somewhat might be OK. Your gross income likely exceeds $180k not counting your variable income. The $73k pension is a wonderful base. Depending on your expectations, your 88k expenses will be going up as you fund your 529 accounts and add a second child. Questio...
by Carl53
Fri Nov 09, 2018 6:29 am
Forum: Personal Consumer Issues
Topic: Favorite "free stuff"?
Replies: 137
Views: 10907

Re: Favorite "free stuff"?

tommy85 wrote:
Thu Nov 08, 2018 11:58 am
Advice here at boglehead forum:)
+1
by Carl53
Fri Nov 09, 2018 6:07 am
Forum: Personal Finance (Not Investing)
Topic: TurboTax: online vs download
Replies: 10
Views: 1413

Re: TurboTax: online vs download

I have used the CD version for 6 years and can confirm that it does allow one to preview forms, which I find quite useful. I'm not sure why I went with CD instead of download, other than habit and hoping to continue to get access to all of the features I'd become accustomed to.
by Carl53
Thu Nov 08, 2018 7:51 am
Forum: Personal Finance (Not Investing)
Topic: Recommendations for transfer of funds from expiring PF Certificates
Replies: 0
Views: 122

Recommendations for transfer of funds from expiring PF Certificates

In another ongoing thread some comments were made about transferring out proceeds of existing expiring PenFed CDs. Re: PenFed new savings rates Post by random_walker_77 » Wed Nov 07, 2018 10:45 pm weltschmerz wrote: ↑Wed Nov 07, 2018 10:22 pm I haven’t checked around, help me out, are these good rat...
by Carl53
Sun Nov 04, 2018 6:38 pm
Forum: Investing - Help with Personal Investments
Topic: RMDs and taxes
Replies: 28
Views: 2785

Re: RMDs and taxes

Any suggestions for what we should be doing now to defuse that bomb? (No, we're not ready to quit working and yes we already have plans to ramp up charitable contributions in retirement) You do not mention if you have already existing TIRAs. Depending on your income level they will impact your abil...
by Carl53
Fri Nov 02, 2018 5:32 pm
Forum: Personal Consumer Issues
Topic: People with older car, share your unusual repairs
Replies: 84
Views: 5308

Re: People with older car, share your unusual repairs

I have a 2008 Acura TL with about 172k miles. At about 128k, a transmission coolant line separated from the radiator, causing loss of drive train power flushing the coolant and transmission systems onto the road. My diagnosis was dissimilar metal corrosion, but the dealer was not interested. Was abl...
by Carl53
Sun Oct 28, 2018 9:28 am
Forum: Personal Consumer Issues
Topic: What Movie Have You Recently Watched?
Replies: 3899
Views: 1090130

Re: What Movie Have You Recently Watched?

Gosnell

Creepy. More of a documentary but well done.
by Carl53
Wed Oct 24, 2018 4:45 am
Forum: Personal Finance (Not Investing)
Topic: Tax planning- Pensions, delaying SS, converting?
Replies: 16
Views: 1050

Re: Tax planning- Pensions, delaying SS, converting?

It does appear that 85% of their SS will be taxed regardless of its size at their marginal bracket. Consider whether their pensions will continue for a surviving spouse before giving away too much of their assets. On the downside, a surviving spouse also is kicked into a higher tax bracket. Not havi...
by Carl53
Sun Oct 21, 2018 8:13 am
Forum: Personal Consumer Issues
Topic: Pull kids from school for vacations?
Replies: 136
Views: 6110

Re: Pull kids from school for vacations?

Parents must take part of the education of their children. Home schooling is legitimate and parents can teach the children while on vacation. +1 We home schooled our daughter in fifth grade at her request (which we put her off doing for a few years thinking we would be inadequate). She had missiona...
by Carl53
Fri Oct 19, 2018 5:33 am
Forum: Investing - Help with Personal Investments
Topic: Portfolio Advice, 30 yr old couple
Replies: 21
Views: 1559

Re: Portfolio Advice, 30 yr old couple

One thing that I missed, since he does not have a retirement plan at work, his income limit for deducting a Traditional IRA is much higher than normal. For a married filing jointly spouse not covered by a retirement plan, the Traditional IRA contribution is fully deductible if the couple's modified...
by Carl53
Thu Oct 04, 2018 11:07 am
Forum: Personal Finance (Not Investing)
Topic: Amazon Prime/Whole Foods/AMEX Blue Cash Preferred dilemma
Replies: 26
Views: 2238

Re: Amazon Prime/Whole Foods/AMEX Blue Cash Preferred dilemma

Mostly I bought visa/mc cards that I used to make online utility payments. They did not directly threaten me but seemed to change the terms and conditions to emphasize that they might. I also used them at Kroger for fuel points. Am doing this less frequently as our local Kroger charges more for prem...
by Carl53
Thu Oct 04, 2018 6:03 am
Forum: Personal Finance (Not Investing)
Topic: Amazon Prime/Whole Foods/AMEX Blue Cash Preferred dilemma
Replies: 26
Views: 2238

Re: Amazon Prime/Whole Foods/AMEX Blue Cash Preferred dilemma

Personally I think the AMEX BCP is a garbage card. The absolute best you can do is 4.4% cash back on groceries if you spend exactly $6000/yr after subtracting the $95 annual fee. Too much work for too little reward. Of course this is what AMEX wants. Conveniently ignoring the $200 sign up bonus. $2...
by Carl53
Sun Sep 30, 2018 6:20 am
Forum: Personal Finance (Not Investing)
Topic: Pension plan choice of annuity or cash payout
Replies: 27
Views: 2878

Re: Pension plan choice of annuity or cash payout

Lots of good advice by others. My inlaws typically have about $26000 in SS. I try to adjust their other income so that they pay zero income tax to the feds and the state. Often additional IRA w/d or cashing of bonds has been done. Small amounts of SS are taxable, but at the zero income tax rate. I p...
by Carl53
Thu Sep 20, 2018 8:46 pm
Forum: Personal Consumer Issues
Topic: Painting kitchen cabinet
Replies: 23
Views: 1406

Re: Painting kitchen cabinet

We removed the doors on our circa 1975 hardwood cabinets, washed, filled one handle hole per door and drilled one new (old handles were 2 1/2 inch), sanded, primed and painted with PPG Manor House High Gloss several coats. Filled a few gaps between improperly hung cabinets that we could not fully pr...
by Carl53
Sat Sep 15, 2018 9:13 pm
Forum: Personal Consumer Issues
Topic: Humidity in basement
Replies: 65
Views: 4240

Re: Humidity in basement

OP, ... First, measurement. You're measuring relative humidity (RH). The basement is cooler than upstairs, so the RH will be higher for the same amount of water in the air. Try calculating the dew point for the up and downstairs to get a measure of the water in the air that's comparable at differen...
by Carl53
Sat Sep 01, 2018 6:32 pm
Forum: Investing - Theory, News & General
Topic: Thoughts on investing in Uranium???
Replies: 48
Views: 3195

Re: Thoughts on investing in Uranium???

Having worked in the industry for decades I was a believer. Now I doubt that it can overcome the level of regulation that it is burdened with that has resulted in excessive permit and construction times for all types of related projects. I still believe that it is one of the best ways of providing e...
by Carl53
Fri Aug 31, 2018 7:43 am
Forum: Personal Consumer Issues
Topic: Getting quotes for geothermal
Replies: 33
Views: 2375

Re: Getting quotes for geothermal

Our home had a "Cadillac" level geothermal system when we purchased it back in the 80's. I am surprised at the need for 13T. Ours was 4.5 ton for 2200 sq ft house. We are in Ohio so I doubt that your winters/summers are much worse than ours. When the geo was working properly, the emergency backup h...
by Carl53
Fri Aug 31, 2018 4:38 am
Forum: Personal Consumer Issues
Topic: Getting quotes for geothermal
Replies: 33
Views: 2375

Re: Getting quotes for geothermal

Our home had a "Cadillac" level geothermal system when we purchased it back in the 80's. I am surprised at the need for 13T. Ours was 4.5 ton for 2200 sq ft house. We are in Ohio so I doubt that your winters/summers are much worse than ours. When the geo was working properly, the emergency backup he...
by Carl53
Sat Aug 25, 2018 5:27 am
Forum: Personal Finance (Not Investing)
Topic: Defined Benefit plan at work, not in compliance?
Replies: 11
Views: 1563

Re: Defined Benefit plan at work, not in compliance?

What's the nature of the numbers issue you are finding? Well my statement says each year, my contribution is increased by 6.5%. The 1st year, I only got 5.4% even though my statement says 6.5%. The director explained it that since it was my 1st year, the actuaries use a cutoff at 10 months due to s...
by Carl53
Wed Aug 22, 2018 5:15 am
Forum: Personal Consumer Issues
Topic: Sellers beware on eBay.
Replies: 66
Views: 6406

Re: Sellers beware on eBay.

In our case the problem was a big buyer/seller. https://www.bogleheads.org/forum/viewtopic.php?f=11&t=255734 I even sent one product to a new account/address of an elderly lady that just had a son get out of prison and living with her. I expected trouble, but no it went fine. Besides the lost sale, ...
by Carl53
Sat Aug 18, 2018 2:32 pm
Forum: Personal Consumer Issues
Topic: oil pan threads stripped - pan saver okay?
Replies: 33
Views: 2257

Re: oil pan threads stripped - pan saver okay?

My frugal self with an old car might have the plug welded and use an oil extractor for future oil changes. +1 for an extractor. I've used the same Mityvac, on 4 different cars, since 1998. My DW's 2002 C240 was sold last weeks at 130k miles, and my current ride 2008 Vue is at 150k. Both were purcha...