Search found 69 matches

by willift
Wed Oct 17, 2018 7:16 am
Forum: Investing - Help with Personal Investments
Topic: Transfer VTSAX & VTIAX to Chase You Invest?
Replies: 28
Views: 2349

Re: Transfer VTSAX & VTIAX to Chase You Invest?

Thanks for the link. Heading over to Chase this week
by willift
Wed Oct 17, 2018 6:47 am
Forum: Investing - Help with Personal Investments
Topic: Transfer VTSAX & VTIAX to Chase You Invest?
Replies: 28
Views: 2349

Re: Transfer VTSAX & VTIAX to Chase You Invest?

Does anybody have a link for the PROMO?
How long does the money have to sit in the account? Can't find anything on Chase.
by willift
Sun Jul 22, 2018 8:42 am
Forum: Personal Finance (Not Investing)
Topic: Decumulation Sequencing
Replies: 8
Views: 1503

Re: Decumulation Sequencing

One of the things that I think needs to be considered concerning RMDs and the taxes associated with them is the likelihood that a number of couples Married Filing Jointly today will be unfortunately Widowed/Widowers filing Single by the time RMDs kick in. The tax consequences of that life event chan...
by willift
Mon Apr 09, 2018 8:47 am
Forum: Personal Consumer Issues
Topic: Best credit card for earning free airfare?
Replies: 12
Views: 2535

Re: Best credit card for earning free airfare?

I believe the "Sign Up Bonus" is the place to get the best bang for your travel buck. Chase Sapphire is nice because it's Chase Rewards are transferable to other Airlines (United, Southwest and others). A strategy I have used is get a card to an Airline I want to use (United) reap the sign up bonus ...
by willift
Sat Mar 10, 2018 2:05 pm
Forum: Personal Consumer Issues
Topic: Sump Pump Issues - What can I do, if anything?
Replies: 31
Views: 4448

Extended Runtime Switch

I've got a unusually narrow and deep sump pit and I was experiencing short cycling on my Zoeller pump. Installed a pump controller gizmo from HydoCheck and it works great. It's a dual probe/contact type switch. You can set the on and off levels at any desired heights. Both contacts wet=pump on, both...
by willift
Mon Mar 05, 2018 8:22 pm
Forum: Investing - Help with Personal Investments
Topic: Retirement Questions - Vanguard Personal Advisor Services
Replies: 11
Views: 1210

Re: Retirement Questions - Vanguard Personal Advisor Services

Does Vanguard PAS use investor class shares or Admiral Shares?

You mention Admiral Shares but listed Investor Shares tickers. The expenses on the Investor Shares seems higher .15 vs .04 on the Total Stock. Do it yourself and stick with the Admiral Shares
by willift
Thu Mar 01, 2018 12:22 pm
Forum: Investing - Help with Personal Investments
Topic: How to Avoid Selling Depreciated Stocks When Retired
Replies: 48
Views: 2839

Re: How to Avoid Selling Depreciated Stocks When Retired

Consider someone in retirement and pulling funds from a balanced fund (Life Strategy, Target Retirement, etc), to meet expenses. Say the stock market declines 50%. Aren’t you forced into selling some depreciated stocks to meet expenses? quote] When selling a Balanced Fund in a down equity market co...
by willift
Wed Jan 03, 2018 8:40 am
Forum: Personal Finance (Not Investing)
Topic: Ally Bank 11 month [No-Penalty CD]
Replies: 382
Views: 37601

Re: Ally Bank 11 month [No-Penalty CD]

I just had a similar experience with the 12month 2% CDs. Opened on the 29th funded on the 3rd.Before I funded online they were identified as 2% CDs once funded they changed to 1.35%. Via a CHAT conversation my rep said that because of the "10Day" thing they do these should change beck to 2% CDs by J...
by willift
Sun Dec 24, 2017 11:31 am
Forum: Investing - Help with Personal Investments
Topic: Looking to take out Roth IRA money for house down payment.
Replies: 66
Views: 5636

Re: Looking to take out Roth IRA money for house down payment.

Don't know the specifics of your situation but...
You can take your contributions out of a ROTH IRA tax & penalty free for any reason and any time. The 1st home issue is related to the Traditional IRA products.
by willift
Sat Dec 23, 2017 10:56 am
Forum: Personal Finance (Not Investing)
Topic: 7.5% medical deduction for 2017 on billed amount or payed amount?
Replies: 14
Views: 790

Re: 7.5% medical deduction for 2017 on billed amount or payed amount?

I believe the key is when the expense was paid. Paying with a Credit Card is paying for the expense, it makes no difference when the Credit Card is paid. Therefore you could charge in 2017 a medical expense on a Credit Card and deduct that expense on your 2017 return and pay the credit card whenever...
by willift
Fri Dec 22, 2017 2:54 pm
Forum: Personal Finance (Not Investing)
Topic: ACA Premiun Tax Credit REPAYMENT
Replies: 1
Views: 252

ACA Premiun Tax Credit REPAYMENT

It looks like I am going to have to repay some of my ACA Premium Tax credit. I took some Long Term Capital Gains that will move my MAGI up, still below the 400% threshold. My question concerns the Deductibility of my Insurance Premium. If I have to repay some of the credit, my annual premium for med...
by willift
Sat Dec 09, 2017 9:59 am
Forum: Personal Finance (Not Investing)
Topic: Ally Bank 11 month [No-Penalty CD]
Replies: 382
Views: 37601

Re: Ally Bank raises 11 month ($25k min) No Penalty CD from 1.5% to 1.6%

According to everything I've seen your taxable event would happen when the interest is accrued and therefore available to you. "The answers on how the CD account holder and the bank should report the interest to the IRS is in the IRS Publication 550. This excerpt from page 6 provides some of these d...
by willift
Sat Dec 09, 2017 8:30 am
Forum: Personal Finance (Not Investing)
Topic: Ally Bank 11 month [No-Penalty CD]
Replies: 382
Views: 37601

Re: Ally Bank raises 11 month ($25k min) No Penalty CD from 1.5% to 1.6%

Maybe I'm wrong but I thought these CDs only pay interest at maturity, 11mo. But if you exchange for a new CD before the end of the year, you'll owe tax for 2017 on the accumulated interest, no? Otherwise I thought the interest would be due for 2018. There are options on how you take the accrued in...
by willift
Wed Nov 08, 2017 8:04 am
Forum: Personal Finance (Not Investing)
Topic: 60 day rollover
Replies: 4
Views: 499

Re: 60 day rollover

Yes, the restriction on one rollover total per 12 month period includes both (traditional, SEP or SIMPLE) IRA -> (traditional, SEP or SIMPLE) IRA and Roth IRA -> Roth IRA. Conversions from (traditional, SEP and/or SIMPLE) IRA -> Roth IRA are not included or limited. Help me out. I'm not sure what t...
by willift
Tue Nov 07, 2017 8:24 pm
Forum: Personal Finance (Not Investing)
Topic: Borrowing $ from Wife to Receive Premium Tax Credit
Replies: 12
Views: 2059

Yes, my goal is to keep Line 37 under $63,500.

You posted on another thread Yes, my goal is to keep Line 37 under $63,500. You can read more about it here - Maybe this has been discussed before but ACA Premium Tax Credits are based on Modified Adjusted Gross not line #37 Adjusted Gross Income From what I saw regardless of the lending money back ...
by willift
Tue Nov 07, 2017 8:08 pm
Forum: Personal Finance (Not Investing)
Topic: ACA MAGI planning
Replies: 57
Views: 6620

Re: ACA MAGI planning

SUSA, thanks for the input on the IRA conversions. The perspective was refreshing. I had not looked at the low end of the tax bracket and the benefits from that income range. Too focused on staying below the 399% level. I am grateful for the insight.
Willift
by willift
Mon Nov 06, 2017 3:49 pm
Forum: Personal Finance (Not Investing)
Topic: ACA MAGI planning
Replies: 57
Views: 6620

Re: ACA MAGI planning

If you are eligible to make a Roth conversion, make it and recharacterize the exact amount to keep yourself in the ACA zone. Another strategy is to take an IRA distribution in December and return the necessary sum before the 60 day period elapses. Trying to get closer than <90% without post Decembe...
by willift
Mon Oct 30, 2017 4:28 pm
Forum: Personal Finance (Not Investing)
Topic: 2018 ACA rates now live....
Replies: 228
Views: 19236

Re: 2018 ACA rates now live....

A number of income sources are potentially available. Taxable Brokerage Accounts can produce a lot of spendable dollars that don't increase your MAGI beyond Poverty thresholds. ROTH IRA dollars could add to that spendable bucket of money. Plan old savings accounts and IRA withdrawals properly calcul...
by willift
Mon Oct 30, 2017 1:50 pm
Forum: Personal Finance (Not Investing)
Topic: Best way to pay for part-time care for grandfather?
Replies: 14
Views: 1371

Re: Best way to pay for part-time care for grandfather?

Aid & Attendance Benefit has nothing to do with what Doctors you use. It's designed to help cover the cost of help for the Veteran. If his costs exceed his expenses he should be eligible. Look into this thing deeper, your Grandfather likely has benefits due him Google it here's a link http://www.can...
by willift
Sat Oct 28, 2017 7:15 am
Forum: Personal Finance (Not Investing)
Topic: 2018 ACA rates now live....
Replies: 228
Views: 19236

Re: 2018 ACA rates now live....

... It's AGI but you add back any tax-exempt income that wasn't counted. Here's a complete list. PJW On that "COMPLETE LIST" link Healthcare.gov lists "Qualified Medical Expenses" above 10% of AGI as a deduction to income. That doesn't seem right. Does anybody have experience deducted those expense...
by willift
Mon Oct 23, 2017 11:40 am
Forum: Personal Finance (Not Investing)
Topic: Best way to pay for part-time care for grandfather?
Replies: 14
Views: 1371

Re: Best way to pay for part-time care for grandfather?

If your Grandfather is a Veteran who had Wartime Service, there is a VA Benefit called "Aid & Attendance". This benefit greatly helped my Dad with a tax free payment of almost $1,700 monthly. GOOGLE "Aid & Attendance" There are a lot of people trying to get paid to help you get the benefit but we we...
by willift
Sat Mar 04, 2017 5:11 pm
Forum: Personal Finance (Not Investing)
Topic: Is there a combined RMD and SS tax calculator?
Replies: 13
Views: 1679

Re: Is there a combined RMD and SS tax calculator?

+1 on the estimated Social Security Income $14,712 type number.
That SS needs to include your Medicare Premium
by willift
Fri Dec 09, 2016 6:19 pm
Forum: Personal Finance (Not Investing)
Topic: Health Insurance without knowing income
Replies: 31
Views: 4074

Re: Health Insurance without knowing income

On the Cap Gains issue. You might want to realize some of those Gains in 2016 avoiding adding to your 2017 MAG income. You could rebuy your positions if need be, that might even give you some 2017 losses to reduce your MAGI. In the 300-400% poverty level the credit factor is 9.69% so 1000 dollars mo...
by willift
Fri Dec 09, 2016 8:23 am
Forum: Personal Finance (Not Investing)
Topic: Health Insurance without knowing income
Replies: 31
Views: 4074

Re: Health Insurance without knowing income

The 1 Person Household Adjusted Gross Income limit is 47,520 (400% of Poverty Level) Estimate your income below that and you will qualify for a Subsidy Credit. You must buy your ACA Insurance on the MarketPlace in order to qualify for a credit. If you buy your insurance on the MarketPlace and don’t ...
by willift
Sun Jun 19, 2016 7:37 am
Forum: Personal Finance (Not Investing)
Topic: Paying for Mothers assisted living- gift tax, other issues?
Replies: 11
Views: 1637

Re: Paying for Mothers assisted living- gift tax, other issues?

+1 on the VA Benefits. They appear to be a financial Life Saver if you qualify. My Dad's is in the process of applying, and I'll say that it's more complicated than we would like, but it's understandable when you look at the potential benefit and the potential fraud abuse that exists. http://www.ben...
by willift
Sun May 31, 2015 9:20 am
Forum: Investing - Help with Personal Investments
Topic: Mutual Fund Fee's- American Funds 5.75% Load
Replies: 16
Views: 4115

Re: Mutual Fund Fee's- American Funds 5.75% Load

I was stuck with American Funds Loads for 2 years via a company SIMPLE IRA, but got out after the govt waiting period. What caught my attention here is why compare the American Fund with VTSAX. I'm not sure if that is an equal comparison. When I looked at the portfolio makeup in Morningstar they are...
by willift
Sat Apr 04, 2015 11:35 am
Forum: Personal Finance (Not Investing)
Topic: Paying federal taxes on social security benefits??
Replies: 7
Views: 1253

Re: Paying federal taxes on social security benefits??

Married Filing Jointly. Standard Deductions and Exemptions plus 1 senior exemptions puts your Provisional Income at 51K, taxable SS approx 12K and your Federal Tax due in 2015 approx. 3K. Check your wife's withholding and adjust accordingly. If it were me, assuming there would be no underpayment pen...
by willift
Fri Apr 03, 2015 3:18 pm
Forum: Personal Finance (Not Investing)
Topic: Unwanted distribution from Roth
Replies: 23
Views: 2925

Re: Unwanted distribution from Roth

I just experienced a similar situation at Vanguard. They don't really use a "Sweep Account" like other Custodians do. Vanguard tells me, that because I didn't have any position (money) in their Money Market account and their minimum purchase for the MM is $3000, any distributions that were designat...
by willift
Fri Apr 03, 2015 7:58 am
Forum: Personal Finance (Not Investing)
Topic: Unwanted distribution from Roth
Replies: 23
Views: 2925

Re: Unwanted distribution from Roth

I just experienced a similar situation at Vanguard. They don't really use a "Sweep Account" like other Custodians do. Vanguard tells me, that because I didn't have any position (money) in their Money Market account and their minimum purchase for the MM is $3000, any distributions that were designate...
by willift
Mon Mar 30, 2015 9:28 am
Forum: Personal Finance (Not Investing)
Topic: A Social Security question
Replies: 10
Views: 1835

Re: A Social Security question

Survivor Benefits at 60 Looked Best I ran this hypothetical calculation for my widowed brother who is not yet 60. When I looked at the calculations, assuming you don't get your benefits reduced by going over the ($15,720) earnings limit, if your plan is to delay your benefits until they get larger,...
by willift
Tue Mar 17, 2015 3:23 pm
Forum: Investing - Help with Personal Investments
Topic: American Funds
Replies: 16
Views: 2491

Re: American Funds

Can't help with the change over argument, tried at my employer and got nowhere. What I can add is that in a SIMPLE IRA after 2 years you can rollover that money to a better place, still has to be a custodian type IRA account. I was saddled with the loaded fees from American Funds for 18 months then ...
by willift
Sat Jul 12, 2014 7:07 am
Forum: Personal Finance (Not Investing)
Topic: How I look at $ in the real world vs my retirement accounts
Replies: 50
Views: 8518

Re: How I look at $ in the real world vs my retirement accou

Anyone else feel this way? The Vanguard lady at my work that I met with convinced me I share your feelings/thinking on the different account value changes. I would remind you that this 'Vanguard Lady" probably doesn't have a fiduciary obligation to you. She most likely would never convince anyone t...
by willift
Sun Mar 09, 2014 3:00 pm
Forum: Personal Finance (Not Investing)
Topic: Reporting RMD on Turbo Tax
Replies: 26
Views: 4081

Re: Reporting RMD on Turbo Tax

Thanks for all the input. Just watched a video of Larry Swedroe and he talked about a "collectve wisdom" and this is a nice example of just such a thing. Selecting the a or c choice did not create the request for a tax penalty waiver or Form 5329 and I'm satisfied with that. Regarding the withdrawal...
by willift
Sat Mar 08, 2014 5:36 pm
Forum: Personal Finance (Not Investing)
Topic: Reporting RMD on Turbo Tax
Replies: 26
Views: 4081

Re: Reporting RMD on Turbo Tax

The rules state that a taxpayer can delay the first payment to 4/1 of the year following attaining age 70 1/2. She did not delay the first payment, she took the first distibution in the year she attained age 70 1/2. Thus, she did not meet the requirement for taking the first year RMD since the amou...
by willift
Sat Mar 08, 2014 1:55 pm
Forum: Personal Finance (Not Investing)
Topic: Reporting RMD on Turbo Tax
Replies: 26
Views: 4081

Re: Reporting RMD on Turbo Tax

It wouldn't hurt to look at the form generated after you answer the questions. Does the form make sense? Remember, you file the form, not the answers to the questions. Yea, that's the problem. Turbo Tax wants to submit Form 5329 and then asks for a waiver on the taxes due from the shortfall on the ...
by willift
Sat Mar 08, 2014 9:47 am
Forum: Personal Finance (Not Investing)
Topic: Reporting RMD on Turbo Tax
Replies: 26
Views: 4081

Reporting RMD on Turbo Tax

My questions concern's how to define our RMD. Wife turned 70.5 in 2013 so her 1st RMD is due by April 1, 2014. Calculated RMD was $25,000. We decided to take some RMD in 2013 (20K) and the remainder(5K) by April 1 2014 (it helped keep the SS from to much taxing). We'll also take the calculated 2014 ...
by willift
Mon Dec 17, 2012 8:24 pm
Forum: Investing - Help with Personal Investments
Topic: Vanguard Brokerage Help
Replies: 8
Views: 891

Re: Vanguard Brokerage Help

Thanks to Rebecca and the Vanguard team for reaching out with a contact name and number. Made contact this afternoon and things seem to moving in the right direction.

Willift
by willift
Mon Dec 17, 2012 12:11 am
Forum: Investing - Help with Personal Investments
Topic: Vanguard Brokerage Help
Replies: 8
Views: 891

Re: Vanguard Brokerage Help

I'm running into trouble when I look at the costs associated with the lots I wanted to sell but according to Vanguard I didn't. They reflect a lower cost than I actually paid for them and they are covered so Vanguard will report them differently than the uncovered. Now I am even more confused. How ...
by willift
Sun Dec 16, 2012 5:58 pm
Forum: Investing - Help with Personal Investments
Topic: Vanguard Brokerage Help
Replies: 8
Views: 891

Re: Vanguard Brokerage Help

I've filled out the forms in past years, I even had the form filled out in August when I sold the first four lots. That's really what helped me know were I should be on the gains/loss calculation. I'm running into trouble when I look at the costs associated with the lots I wanted to sell but accordi...
by willift
Sun Dec 16, 2012 5:25 pm
Forum: Investing - Help with Personal Investments
Topic: Vanguard Brokerage Help
Replies: 8
Views: 891

Re: Vanguard Brokerage Help

Even non-covered shares can be specifically identified, so I am not sure about what you mean by "But they won't change their reporting from uncovered shares to specific ID shares. " Do you mean they won't change the shares you specifically identified? Correct, they actually changed the shares to "u...
by willift
Sun Dec 16, 2012 4:39 pm
Forum: Investing - Help with Personal Investments
Topic: Vanguard Brokerage Help
Replies: 8
Views: 891

Vanguard Brokerage Help

I'm having a problem with my taxable Vanguard Brokerage Account. Back in August I went online and sold 4 specific lots of a mutul fund, in order to create a short term loss. During the transaction I spoke with a clerk on a recorded line and was very specific about what lots to sell. As the end of th...
by willift
Thu Oct 11, 2012 12:42 pm
Forum: Investing - Help with Personal Investments
Topic: IRA (ETFs vs Index Funds)
Replies: 10
Views: 895

Re: IRA (ETFs vs Index Funds)

It seems like you've mixed apples & organges.
I think the comparison or question should be "ETF vs. Mutual Fund" or possibly "Active Management vs. Passive Management".
ETFs can be indexed or activley managed
by willift
Mon Feb 06, 2012 7:31 pm
Forum: Investing - Theory, News & General
Topic: Merriman says "Goodbye to Market Timing"
Replies: 22
Views: 3383

Re: Merriman says "Goodbye to Market Timing"

Thanks for the answers. I was thinking why would a guy take his wife's last name. Hadn't thought about same sex thing.


Willift
by willift
Mon Feb 06, 2012 6:52 pm
Forum: Investing - Theory, News & General
Topic: Merriman says "Goodbye to Market Timing"
Replies: 22
Views: 3383

Re: Merriman says "Goodbye to Market Timing"

Just for informational purposes.
How does the male son of Paul Merriman come up with the name "Mr. Merriman-Cohen"
Is he a son in law?

It's no big deal, just curious

Willift
by willift
Fri Nov 04, 2011 4:56 pm
Forum: Personal Finance (Not Investing)
Topic: Best HSA custodian
Replies: 54
Views: 25622

Re: Best HSA custodian

ejvyas wrote:
MarkS wrote:I use Health Savings Administrators.

http://www.hsaadministrators.info

They have very reasonable fees and a good selection of Vanguard funds.
Whoa..so these are reasonable : http://www.hsaadministrators.info/hsa-fees :|
+1
Seriously are there any low fee type HSA Accounts
by willift
Mon Sep 19, 2011 5:31 pm
Forum: Investing - Theory, News & General
Topic: 9 bits of conventional wisdom
Replies: 11
Views: 1497

therub wrote:With apologies to Mr. Swedroe, I'm just not going to click through 10 pages with 4 sentences per page. Their print option/workaround is also broken.
+1
by willift
Sat Jul 23, 2011 5:17 pm
Forum: Personal Finance (Not Investing)
Topic: Travelers Insurance query
Replies: 3
Views: 591

Travelers Insurance

I saw your post and thought I'd add my experience about Travelers. We just renewed our home & car policies for the first time. We just had a homeowners claim from storm damage to our fence. They were great. They came out with an adjuster to inspect the fence 2 days after I made my claim and I had a ...
by willift
Fri Jul 22, 2011 4:34 pm
Forum: Investing - Help with Personal Investments
Topic: Please Help me Update my Financial Plan!
Replies: 13
Views: 1539

Re: Please Help me Update my Financial Plan!

sonowwhat? wrote:Current portfolio size = X,XXX,XXX (the mid 7 Figures)
I've got a question about mid 7 figures.

Does that mean 4-6 million dollars or does it mean more like 1.4 to 1.6 million?

I often see the phrase "Mid 7 figures" and am never sure what the OP means.

Willift