Search found 1068 matches

by Mitchell777
Tue Nov 12, 2019 2:34 pm
Forum: Personal Finance (Not Investing)
Topic: Has anyone been retro billed for IRMAA?
Replies: 7
Views: 646

Re: Has anyone been retro billed for IRMAA?

Cas thank you so much for those insights. I guess I'll need to set aside a few hours on hold to talk to SS. Not sure how I'll explain this to the customer service rep (or go back to the office but they were not very efficient) because I had to read the letters about six times before I understood it ...
by Mitchell777
Tue Nov 12, 2019 2:30 pm
Forum: Personal Finance (Not Investing)
Topic: Has anyone been retro billed for IRMAA?
Replies: 7
Views: 646

Re: Has anyone been retro billed for IRMAA?

The way I understand it, the 2017 and 2018 MAGIs do not affect a person's cost for Medicare in 2018. They would affect 2019 and 2020. Sounds like a mistake or misunderstanding to me. Could there have been some 2016 income that you forgot about? That's similar to how I thought it worked. The one tha...
by Mitchell777
Mon Nov 11, 2019 7:14 am
Forum: Personal Finance (Not Investing)
Topic: Has anyone been retro billed for IRMAA?
Replies: 7
Views: 646

Has anyone been retro billed for IRMAA?

I asked a similar question before but I made it too confusing. Has anyone been retro billed for IRMAA for any reason? Just ONE example: You did not pay IRMAA for 2018 because your 2016 MAGI was too low. Then your ACTUAL MAGI for either 2017 or 2018 put you over the IRMAA threshold and Medicare/SS re...
by Mitchell777
Sun Nov 10, 2019 11:42 am
Forum: Personal Finance (Not Investing)
Topic: Cashing EE bonds
Replies: 12
Views: 590

Re: Cashing EE bonds

I had the same concern a few years ago. Had many years of EE bonds that were just starting to mature each month. For me, it did not turn out to be the hassle I thought it would be cashing one each month at my bank. At first it seemed like the tellers were not very efficient cashing them but as they ...
by Mitchell777
Sat Nov 09, 2019 4:46 am
Forum: Personal Consumer Issues
Topic: CPO BMW 5 Series
Replies: 18
Views: 1694

Re: CPO BMW 5 Series

I'm not familiar with dealer buyback. Is it the same as a manufacturer buyback? Where the original customer felt something was wrong with the car.
by Mitchell777
Fri Nov 08, 2019 4:17 pm
Forum: Personal Finance (Not Investing)
Topic: IRMAA Retro Billing for 2018 and 2019
Replies: 3
Views: 390

Re: IRMAA Retro Billing for 2018 and 2019

Thought I understood how IRMAA works but guess I do not. 2016: Worked all year – MAGI < $85K (single) excl wages 2017: Retired 3/31 – MAGI < $85K (single) excl wages (went onto COBRA until Oct 2018, then Medicare) 2018: MAGI > $107K threshold (single) due to unexpected large CG distributions For 20...
by Mitchell777
Fri Nov 08, 2019 1:58 pm
Forum: Personal Finance (Not Investing)
Topic: IRMAA Retro Billing for 2018 and 2019
Replies: 3
Views: 390

IRMAA Retro Billing for 2018 and 2019

Thought I understood how IRMAA works but guess I do not. 2016: Worked all year – MAGI < $85K (single) excl wages 2017: Retired 3/31 – MAGI < $85K (single) excl wages (went onto COBRA until Oct 2018, then Medicare) 2018: MAGI > $107K threshold (single) due to unexpected large CG distributions For 201...
by Mitchell777
Mon Nov 04, 2019 5:47 am
Forum: Investing - Theory, News & General
Topic: Best CD rates thread
Replies: 399
Views: 42758

Re: Best CD rates thread

Why does a local CU like PSECU want a lot of money from outside their area or state? IN PA I'm used to seeing CU's that limit money to their counties of operation. They know most of that money will leave in two or three years unless they offer another rate well above the norm. I understand it with n...
by Mitchell777
Wed Oct 16, 2019 5:32 pm
Forum: Personal Finance (Not Investing)
Topic: from a Community Foundation or my own checkbook
Replies: 9
Views: 656

Re: from a Community Foundation or my own checkbook

My estate documents are set up to provide annual scholarships through two local schools. The attorneys in my area seem to be suggesting it be administered by the local Community Foundation. I recently learned they charge a 2% annual admin fee to do this. They charge 1.75% if the schools choose the s...
by Mitchell777
Tue Oct 15, 2019 5:24 pm
Forum: Personal Consumer Issues
Topic: coin collection - sell or keep?
Replies: 17
Views: 2398

Re: coin collection - sell or keep?

If you have a local auction house that auctions coins they may publish the prices from past auctions. I've seen the prices broken out by lot (wheat pennies, Kennedy Halves etc) so it was easy to see what the prices were and the size of the lot and the range of years. Of course that is before auction...
by Mitchell777
Tue Oct 08, 2019 5:00 pm
Forum: Investing - Theory, News & General
Topic: Best CD rates thread
Replies: 399
Views: 42758

Re: Best CD rates thread

In addition to a hard pull at Experian, it's a hard pull at ChexSystems.
by Mitchell777
Fri Sep 13, 2019 1:37 pm
Forum: Personal Investments
Topic: Credit check to join credit union
Replies: 9
Views: 1079

Re: Credit check to join credit union

It's been my experience that to have any sort of account (CD, credit card, etc) at a Credit Union, first you need to "join" and have a $5 savings account opened. They have every right to their own rules! It was simply a question regarding what others have experienced, as doing a hard pull, that can...
by Mitchell777
Thu Sep 12, 2019 6:00 pm
Forum: Personal Investments
Topic: Credit check to join credit union
Replies: 9
Views: 1079

Credit check to join credit union

In late 2017 I froze my credit at the major five agencies. Since then I have opened CD's at both banks and credit unions I had not joined or used in the past. I did not need to temporarily lift the freeze. Maybe they did a soft pull. I have now tried to join a new credit union who insists on doing t...
by Mitchell777
Sun Sep 08, 2019 5:29 pm
Forum: Personal Investments
Topic: Selling Treasury Note
Replies: 6
Views: 730

Re: Selling Treasury Note

Yes, thanks, the Treasury is outside of my IRA and the CD would be at local bank or CU
by Mitchell777
Sun Sep 08, 2019 2:49 am
Forum: Personal Investments
Topic: Selling Treasury Note
Replies: 6
Views: 730

Re: Selling Treasury Note

I may wait until 9/15/19 because that is the date of the next interest payment and I'm not sure if I lose that interest if I sell the Treasury now.
by Mitchell777
Sat Sep 07, 2019 9:57 am
Forum: Personal Investments
Topic: Selling Treasury Note
Replies: 6
Views: 730

Selling Treasury Note

I've never sold a Treasury but have one face value $50K. I thought of selling it and buying a 1.5 or 2.0 year CD. There are two I can get locally in my area at 2.5%. Low state tax so that has little impact. 2.375% Treasury interest rate Purchased 3/12/18 for $49,912 Matures 3/15/21 Vanguard shows cu...
by Mitchell777
Mon Aug 19, 2019 3:19 pm
Forum: Personal Consumer Issues
Topic: Amazon -- no longer the lowest prices, evidently
Replies: 120
Views: 13249

Re: Amazon -- no longer the lowest prices, evidently

Amazon is rarely the cheapest. This has been studied and quantified. The real kicker to me has been that recently I have twice found Amazon Basics brand items (new) cheaper on Ebay than they were on Amazon. My wife just bought my kids' Xmas presents on Ebay: a pair of Amazon Fire HD10 tablets. They...
by Mitchell777
Wed Aug 14, 2019 6:34 pm
Forum: Personal Investments
Topic: Investing Father's Assets Who Is In Nursing Home (POA)
Replies: 68
Views: 4761

Re: Investing Father's Assets Who Is In Nursing Home (POA)

I'm sorry to hear about your father. Are you sure it's full blown nursing care, which would be tax deductible. It's been a few years since I went through this but I was writing checks for over $11K per month and I'm not in a high COL area.
by Mitchell777
Wed Aug 07, 2019 11:47 am
Forum: Investing - Theory, News & General
Topic: Personal Flagship Representaive Going Away
Replies: 126
Views: 13605

Re: Personal Flagship Representaive Going Away

I have not yet received the message. I fired my rep about six months ago. He gave me incorrect info more than once and did not get back to me on another issue. Normally, I go years and never or rarely need to speak to anyone but I went through some complex issues and liked the idea of having one per...
by Mitchell777
Wed Jun 19, 2019 3:06 pm
Forum: Personal Consumer Issues
Topic: Radon levels in home
Replies: 50
Views: 4899

Re: Radon levels in home

Are there potential risks associated with radon mitigation? For example, could you get water in your basement from drilling. I''m not suggesting it should not be done. Just asking a question.
by Mitchell777
Tue May 14, 2019 5:10 am
Forum: Forum Issues and Administration
Topic: For how long will the forum be around?
Replies: 94
Views: 9103

Re: For how long will the forum be around?

Until I toss my Timex and buy that $5,000 watch I keep reading about.
by Mitchell777
Sun May 05, 2019 7:19 am
Forum: Personal Finance (Not Investing)
Topic: Just Bought an Annuity
Replies: 171
Views: 17038

Re: Just Bought an Annuity

I would be open to buying a SPIA in the future depending on how my investments are doing. Question regarding the OP situation. What is the main benefit of the SPIA vs taking 4% from the lump sum and increasing each year for inflation? Personally, I would not be comfortable with 4% (I'm risk averse) ...
by Mitchell777
Tue Apr 23, 2019 6:57 pm
Forum: Personal Investments
Topic: Vanguard Flagship Select Representative ??
Replies: 31
Views: 2949

Re: Vanguard Flagship Select Representative ??

My Flagship rep had given me an incorrect answer on one or two things and not followed through and gotten back to me on another. Usually I have little need to call but things have been more complex the past few years. I never had a problem with any rep in the past. I found myself calling in the even...
by Mitchell777
Mon Apr 22, 2019 1:31 pm
Forum: Personal Finance (Not Investing)
Topic: Assisted living and nursing home expenses
Replies: 27
Views: 2009

Re: Assisted living and nursing home expenses

Having been through this, my advise is to have your mother at a facility where close family or friend can be at the facility on a regular basis, at least for nursing level care. Preferably at different times and days. Even the best facilities are only as good as the people on duty at any given time....
by Mitchell777
Sat Apr 20, 2019 5:33 pm
Forum: Personal Finance (Not Investing)
Topic: leaving state job / pension. ..... bad idea?
Replies: 44
Views: 3897

Re: leaving state job / pension. ..... bad idea?

It depends on where you live but I can't even relate to benefits like that. They would be lavish in my area. I look at the people I know retired and living very well and they mostly split out into high level managers in the private sector or government workers. There is no way I'd walk away from tho...
by Mitchell777
Fri Apr 19, 2019 3:44 pm
Forum: Personal Consumer Issues
Topic: How far would you commute?
Replies: 104
Views: 5679

Re: How far would you commute?

For me it was not as much about the distance as about the time, stress, and the danger of the commute. It took my 45 to 60 minutes each way (went faster and safer as soon as the schools closed in Spring) with what for me was a lot of traffic vs where I live. It really wore me down. When I got approv...
by Mitchell777
Sun Apr 14, 2019 5:02 pm
Forum: Personal Investments
Topic: Wash Sales
Replies: 32
Views: 1763

Re: Wash Sales

This is where I get a bit more confused. I sold all my remaining shares in ACINX (average cost basis). Approx 55% covered/45% uncovered shares. The sale is a gain/profit overall since I've had these shares for decades, but for the covered shares it is a loss.
by Mitchell777
Sun Apr 14, 2019 12:52 pm
Forum: Personal Investments
Topic: Wash Sales
Replies: 32
Views: 1763

Wash Sales

Last week I sold ACINX which I held for many years. Last year's 20% CG distributions were too much to me to endure (this is all outside retirement accounts). I want to buy VFSAX (or ETF VSS). Reading the Wiki, I do not think I need to wait 30 days. They are too different fund companies. One is activ...
by Mitchell777
Mon Apr 01, 2019 4:20 pm
Forum: Personal Investments
Topic: Separate average cost basis calculations for covered and noncovered shares
Replies: 9
Views: 707

Re: Separate average cost basis calculations for covered and noncovered shares

If I recall this correctly from a couple years ago, I sold some mutual fund equity shares using average cost and they (not Vanguard) calculated the average cost of the non covered shares only. It was not the cost basis I anticipated.
by Mitchell777
Mon Apr 01, 2019 5:33 am
Forum: Personal Finance (Not Investing)
Topic: Tax Audit
Replies: 19
Views: 2458

Re: Tax Audit

That is odd. Have you sold coins, jewels etc for an amount over $10K cash
by Mitchell777
Thu Mar 28, 2019 7:49 am
Forum: Personal Investments
Topic: Avoiding tax torpedo at 70.5
Replies: 36
Views: 4943

Re: Avoiding tax torpedo at 70.5

I'd compare your current marginal tax rate is doing ROTH conversions to your tax rate of the RMD's. You're in a somewhat rare situation where you are very unlikely to run out of money AND all your money at death, or before if using QCD's, goes to charity. You may be paying taxes on conversions that ...
by Mitchell777
Wed Mar 27, 2019 6:12 pm
Forum: Personal Consumer Issues
Topic: Shingrix [Vaccine availability]
Replies: 153
Views: 14697

Re: Shingrix [Vaccine availability]

I'm assuming there is no difference in the two shots so do some pharmacies give priority to those that have had the initial shot (vs those waiting for shot one)?
by Mitchell777
Thu Mar 14, 2019 8:49 am
Forum: Personal Finance (Not Investing)
Topic: Massive Increase in Long Term Care Insurance for My Parents - Can They?
Replies: 65
Views: 5545

Re: Massive Increase in Long Term Care Insurance for My Parents - Can They?

Looking at the $480/quarter they were paying for over 30 years (I know it was lower in the past due to inflation) and adding a return to that, if they had been saving that money they would probably have enough to pay for one year in a nursing home for one person (in MY area where it costs ~ $140,000...
by Mitchell777
Wed Mar 13, 2019 5:03 pm
Forum: Personal Consumer Issues
Topic: Peanut Butter recommendations
Replies: 84
Views: 6867

Re: Peanut Butter recommendations

I also like Crazy Richards crunchy. 2.5 g sat fat, no salt, and 2g sugar. I find I need to sprinkle a touch of No Salt on it. I eat it with a low net carb thin sliced bread.
by Mitchell777
Mon Mar 11, 2019 9:14 am
Forum: Personal Consumer Issues
Topic: Things to do in Maine
Replies: 72
Views: 6839

Re: Things to do in Maine

It's been a couple decades but Moosehead lake had a sandy beach and swimming area. Had a great time there.
by Mitchell777
Wed Feb 27, 2019 7:42 pm
Forum: Personal Consumer Issues
Topic: How often do you and your friends change engine oil?
Replies: 167
Views: 9283

Re: How often do you and your friends change engine oil?

I use the oil change dash monitor. I used to drive mostly longer trips (30+ miles) and would get ~ 10K miles until the monitor hit 20%. Now I drive all short trips of a few miles or so and hit 20% at 5K miles at the most. Both work out to about 8 months
by Mitchell777
Tue Feb 26, 2019 7:11 pm
Forum: Personal Finance (Not Investing)
Topic: Man plans to live at Holiday Inn instead of nursing home because it’s cheaper
Replies: 18
Views: 3112

Re: Man plans to live at Holiday Inn instead of nursing home because it’s cheaper

Interesting idea if you are in good enough condition to live in a hotel and use the spa, pool, workout room, lounge, and washer/dryer . In my experience at a nursing facility no one was using a spa, pool, workout room or washer/dryer although the facility had them. They would go to the lounge if som...
by Mitchell777
Sun Feb 24, 2019 1:32 pm
Forum: Personal Finance (Not Investing)
Topic: Deducting misc donations
Replies: 8
Views: 553

Re: Deducting misc donations

As I recall Goodwill had a listing of donated items on their website with suggested values for tax purposes. Of course condition may require adjusting the numbers but I found it a good start.
by Mitchell777
Sat Feb 23, 2019 6:25 pm
Forum: Personal Finance (Not Investing)
Topic: Why Working as a Senior Male is Wise...
Replies: 104
Views: 12581

Re: Why Working as a Senior Male is Wise...

My plan was always to work part time in retirement. I enjoy being part of a business team, contributing, and being paid for it. I did not plan on IRMAA coming along. I'd have to work 150 hours to break even. Everyone has ideas on what you should do in retirement, whether work or volunteering etc., b...
by Mitchell777
Fri Jan 25, 2019 3:39 pm
Forum: Personal Consumer Issues
Topic: Equifax Premier ID Cancellation
Replies: 2
Views: 367

Re: Equifax Premier ID Cancellation

I rec'd the same message yesterday from Trustedid. Mine says if my account was locked I need to relock. If it was not locked, but was frozen, it remains frozen.
by Mitchell777
Tue Jan 22, 2019 10:26 am
Forum: Personal Investments
Topic: 55yrs old 50/50 or 60/40 in this environment
Replies: 19
Views: 2720

Re: 55yrs old 50/50 or 60/40 in this environment

I think it depends on your comfort level. I was about your age, and at 50/50, when the great recession occurred. I realized 50/50 was too much equity for me. Just me. I did not sell but I did not rebalance anywhere near the bottom either. I did not need to take the additional risk so I lightened up ...
by Mitchell777
Sat Jan 19, 2019 1:56 pm
Forum: Personal Finance (Not Investing)
Topic: What I spent in 6 months on medicare
Replies: 196
Views: 22462

Re: What I spent in 6 months on medicare

Kaiser does not exist in my state. I thought I understood Medicare going in but it's more complex than I realized. I worked for a large corporation with very good coverage. With Original Medicare, Medigap, and Part D, I spend about the same out of pocket as when I worked. But the coverage is not as ...
by Mitchell777
Fri Jan 18, 2019 7:03 pm
Forum: Personal Finance (Not Investing)
Topic: What I spent in 6 months on medicare
Replies: 196
Views: 22462

Re: What I spent in 6 months on Medicare

Second six months of 2018 - I am in my early 70's - and I just reviewed what I spent on Medical costs under Medicare. While this is anecdotal - it is an example of my low costs (so far at least). Medicare Part B - $134/month - 6 months = $804 Medicare (Kaiser) plan premiums $30/month - 6 months = $...
by Mitchell777
Wed Jan 16, 2019 6:22 pm
Forum: Investing - Theory, News & General
Topic: John Bogle has died at age 89
Replies: 856
Views: 57640

Re: John Bogle is dead at 89

Had I not found Vanguard over 30 years ago I would not be in the financial position I'm in. The company. The philosophy. I'd still be trying to find the hot mutual fund or looking to a financial advisor more interested in his wealth than mine. Mr. Bogle could have been a much wealthier man. He was a...
by Mitchell777
Tue Jan 01, 2019 7:40 pm
Forum: Personal Consumer Issues
Topic: Selecting a mattress topper
Replies: 4
Views: 531

Re: Selecting a mattress topper

We bought the 14-inch Novaform king mattress at Costco about 6 weeks ago. I think it was $699. Have you considered just buying a new mattress? BTW the Novaform is the most comfortable mattress we have ever owned. You don't need a box spring, and the "topper" is built in. I've heard a box spring is ...
by Mitchell777
Tue Jan 01, 2019 5:22 am
Forum: Personal Consumer Issues
Topic: Radon Mitigation System
Replies: 20
Views: 1951

Re: Radon Mitigation System

I tested mine a couple years ago. Basement was a bit below 5 but I'm rarely down there. It was 2.5 on the first floor. This year I tested first floor (same location) and second floor. Different months than first test. Used long term tests for same amount of time, roughly four months). This time 3.1 ...
by Mitchell777
Fri Dec 28, 2018 6:53 pm
Forum: Investing - Theory, News & General
Topic: Larry Swedroe: Is Active Alpha Enough To Cover Taxes
Replies: 9
Views: 842

Re: Larry Swedroe: Is Active Alpha Enough To Cover Taxes

I can attest to the taxes part. I own an active fund outside my retirement accounts that I've owned for well over 20 years. I sold some in January but I did not sell a lot due to IRMAA concerns, even at that it was a $19K gain. I thought the 2018 CG distributions would not be too large as it's alway...
by Mitchell777
Wed Dec 12, 2018 3:15 pm
Forum: Personal Consumer Issues
Topic: [Anyone drop cable for YouTube TV?]
Replies: 89
Views: 6512

Re: [Anyone drop cable for YouTube TV?]

Are there businesses that will set this up for you once you've decided on YouTubeTV or another service? I know it seems simple to most people but I'm not in that group.
by Mitchell777
Tue Dec 04, 2018 12:18 pm
Forum: Personal Finance (Not Investing)
Topic: RMD after switching from INV to ADM shares
Replies: 5
Views: 497

Re: RMD after switching from INV to ADM shares

I just wanted to alert anyone who switched their funds from INV to ADM in an IRA with RMD. I think most people understand. I just wanted to help.
by Mitchell777
Tue Dec 04, 2018 9:29 am
Forum: Personal Finance (Not Investing)
Topic: RMD after switching from INV to ADM shares
Replies: 5
Views: 497

RMD after switching from INV to ADM shares

This may not apply to anyone else but thought I'd pass along. I was notified I could switch an inherited INV IRA to ADM which I did on 11/21/18. The INV IRA was set for automatic RMD on 12/1/18 of each year. Although I was assured by my rep the RMD would carry over from INV to ADM, it did not. No RM...