Search found 178 matches

by jhawktx
Thu Feb 06, 2020 4:38 pm
Forum: Personal Finance (Not Investing)
Topic: long term care insurance versus self-insuring
Replies: 98
Views: 4831

Re: long term care insurance versus self-insuring

Keep in mind that when it comes time to collect on your LTC policy you will likely be in the fight of your life to get the insurance company to pay. They will try every trick in the book to avoid/delay paying. In your condition at that point late in your life will you or someone advocating for you ...
by jhawktx
Thu Feb 06, 2020 4:34 pm
Forum: Personal Finance (Not Investing)
Topic: long term care insurance versus self-insuring
Replies: 98
Views: 4831

Re: long term care insurance versus self-insuring

Keep in mind that when it comes time to collect on your LTC policy you will likely be in the fight of your life to get the insurance company to pay. They will try every trick in the book to avoid/delay paying. In your condition at that point late in your life will you or someone advocating for you ...
by jhawktx
Thu Feb 06, 2020 4:13 pm
Forum: Personal Finance (Not Investing)
Topic: long term care insurance versus self-insuring
Replies: 98
Views: 4831

Re: long term care insurance versus self-insuring

Keep in mind that when it comes time to collect on your LTC policy you will likely be in the fight of your life to get the insurance company to pay. They will try every trick in the book to avoid/delay paying. In your condition at that point late in your life will you or someone advocating for you h...
by jhawktx
Tue Jan 14, 2020 6:31 pm
Forum: Personal Finance (Not Investing)
Topic: JPM Chase Reserve Card gets more expensive
Replies: 262
Views: 20311

Re: JPM Chase Reserve Card gets more expensive

Thank you for the question. Good to consider the whys. 1. It is zero deductible, 2. The terms are very very generous, covering glass, minor damage, 3. There are very few limitations, like which countries are included, 4. I think there is a better chance that Amex will be more hassle free than Chase...
by jhawktx
Mon Jan 13, 2020 9:59 am
Forum: Personal Finance (Not Investing)
Topic: Requesting Guidance in Roth Conversion Decision
Replies: 13
Views: 1350

Re: Requesting Guidance in Roth Conversion Decision

Just one of the reasons it is so darn hard to decide where to live! I've lived in two states with no state tax, several states with some state tax, and 1 state with very high state tax. Other than not wanting to live in CA again, I observed that the presence or absence of state tax was pretty much ...
by jhawktx
Thu Jan 09, 2020 4:29 pm
Forum: Investing - Theory, News & General
Topic: Intermediate-Term bond vs Total Bond
Replies: 107
Views: 6643

Re: Intermediate-Term bond vs Total Bond

One has a higher ER than the other.
by jhawktx
Wed Jan 08, 2020 12:32 am
Forum: Investing - Theory, News & General
Topic: Callan Table updated Thru 2019?
Replies: 4
Views: 657

Re: Callan Table updated Thru 2019?

What is the Callan table?
by jhawktx
Sat Jan 04, 2020 11:04 am
Forum: Personal Finance (Not Investing)
Topic: When to Collect SS
Replies: 55
Views: 3094

Re: When to Collect SS

Interesting discussion. SS timing is so individual. I always thought I would wait until 70-----conventional wisdom and all that. We don't need the money. All the usual arguments. Then I sat down with an independent SS expert and we looked at EVERYTHING (assets and income timing, taxes, spouse's SS,...
by jhawktx
Sat Jan 04, 2020 10:51 am
Forum: Investing - Theory, News & General
Topic: Why all the angst about RMDs and taxes?
Replies: 177
Views: 12772

Re: Why all the angst about RMDs and taxes?

The amount of whining about RMD's is crazy. If your biggest problem in life is that you have huge RMDs, you should happily make the withdrawls, put any excess you don't need in taxable, be thankful, and stop whining.
by jhawktx
Thu Jan 02, 2020 6:53 pm
Forum: Personal Investments
Topic: VTSAX (Total Stock) vs. VTCLX (Tax-Managed Capital Appreciation)
Replies: 12
Views: 748

Re: VTSAX vs. VTCLX

What is VTCLX?
by jhawktx
Wed Jan 01, 2020 4:18 pm
Forum: Investing - Theory, News & General
Topic: Golden Dragonfly Portfolio - A Real World Experiment
Replies: 56
Views: 4880

Re: Golden Dragonfly Portfolio - A Real World Experiment

I'm not a fan of all these Golden insect portfolios.
by jhawktx
Tue Dec 31, 2019 1:37 pm
Forum: Personal Investments
Topic: capital gains tax question
Replies: 8
Views: 690

Re: capital gains tax question

It looks like you are in the 0% bracket for long term capital gains: https://www.taxpolicycenter.org/briefing-book/how-are-capital-gains-taxed Congrats! Hmmm. Congrats...or condolences? Personally I would be ecstatic if I woke up tomorrow and found out I would be paying the highest ordinary income ...
by jhawktx
Tue Dec 31, 2019 1:37 am
Forum: Personal Investments
Topic: IRMAA brackets?
Replies: 75
Views: 5006

Re: IRMAA brackets?

Agreed. Although it will likely become a moot point after another year or two. Since the comparison always is against the base year, after 2-3 years of (positive) inflation we would then be unlikely to have a single year where we would have such extreme deflation that the average would drop below th...
by jhawktx
Mon Dec 30, 2019 7:15 pm
Forum: Personal Investments
Topic: IRMAA brackets?
Replies: 75
Views: 5006

Re: IRMAA brackets?

OK, so no one knows what the 2021 IRMAA brackets will be until 4Q2020. For those of us who will be making a Roth conversion today or tomorrow, what MAGI limit do you plan to use: 87/174, or 85/170? I used $174. Keep in mind we already know the actual data for the 1st 3 months of the next 12 month p...
by jhawktx
Sun Dec 29, 2019 10:48 am
Forum: Personal Investments
Topic: IRMAA brackets?
Replies: 75
Views: 5006

Re: IRMAA brackets?

Well, if we read the title of the pertinent paragraph (5), it is labeled as "Inflation Adjustment". So as a layman who, nevertheless, understands the English language, I ask myself "Is it possible for inflation to be a negative number?" I believe the answer is yes. Highly unlikely but still possible...
by jhawktx
Thu Dec 26, 2019 12:28 pm
Forum: Personal Consumer Issues
Topic: Latex mattress
Replies: 22
Views: 1287

Re: Latex mattress

carolinaman wrote:
Thu Dec 26, 2019 7:58 am


There are only 2 companies in the world that make latex mattresses: Tallalay and Dunlop.
Tallalay (sp?) and Dunlop are the 2 types of latex used to make mattresses. They are NOT the names of 2 latex mattress companies.
by jhawktx
Thu Dec 26, 2019 12:14 am
Forum: Personal Finance (Not Investing)
Topic: Roth conversion withholding and topping off
Replies: 13
Views: 794

Re: Roth conversion withholding and topping off

I dont' think Form 2210 is a PITA. Don't go by hearsay especially when reading bogleheads.org. In fact, I encourage you to pay estimated taxes from taxable and then come back and tell us how easy and trivial Form 2210 turned out to be. Hmm. If the suggestion is to ignore advice given on bogleheads....
by jhawktx
Wed Dec 25, 2019 1:10 am
Forum: Personal Consumer Issues
Topic: yet another reason not to get a smart phone
Replies: 192
Views: 15609

Re: yet another reason not to get a smart phone

https://www.nytimes.com/interactive/2019/12/19/opinion/location-tracking-cell-phone.html I suspect even with considerable effort, one could not protect one's privacy with a smart phone. One little slipup in choosing privacy settings, if those are even offered and observed, and there you have it. It...
by jhawktx
Tue Dec 24, 2019 5:59 pm
Forum: Personal Finance (Not Investing)
Topic: buying 2nd home
Replies: 18
Views: 2406

Re: buying 2nd home

Another vote for renting. I consider having one home somewhat of a PITA. 2 homes to deal with in my golden years? No thank you.
by jhawktx
Mon Dec 23, 2019 11:22 pm
Forum: Personal Finance (Not Investing)
Topic: Genworth raising LTCi premiums 150% over next 5-7 years
Replies: 165
Views: 8841

Re: Genworth raising LTCi premiums 150% over next 5-7 years

LTCi is like Edward Jones. Stay far away.
by jhawktx
Mon Dec 23, 2019 10:59 am
Forum: Personal Finance (Not Investing)
Topic: An IRMAA Question
Replies: 29
Views: 2157

Re: An IRMAA Question

I would like whichever form is correct. :happy

I agree that the wording on qualified dividends is incorrect.
by jhawktx
Mon Dec 23, 2019 12:07 am
Forum: Personal Finance (Not Investing)
Topic: An IRMAA Question
Replies: 29
Views: 2157

Re: An IRMAA Question

That's correct, but that same list occurs on other websites too, e.g. https://turbotax.intuit.com/tax-tips/irs-tax-return/what-is-the-difference-between-agi-and-magi-on-your-taxes/L7kHckNS3 It makes me wonder how accurate that list is. Anyone have a more definitive list? See the links and comments ...
by jhawktx
Sun Dec 22, 2019 5:21 pm
Forum: Personal Finance (Not Investing)
Topic: An IRMAA Question
Replies: 29
Views: 2157

Re: An IRMAA Question

Why does the link you provided list taxable social security payments. The taxable amount of your SS payments are already included in AGI. Adding them would be counting them twice. :confused
by jhawktx
Sun Dec 22, 2019 4:52 pm
Forum: Personal Investments
Topic: In or Near Retirement with Only Six Figures?
Replies: 126
Views: 15273

Re: In or Near Retirement with Only Six Figures?

Huge difference between having $100,00 and having $999,999
by jhawktx
Sat Dec 21, 2019 8:59 pm
Forum: Personal Consumer Issues
Topic: African Safari trip
Replies: 22
Views: 1568

Re: African Safari trip

I recommend you check out Botswana, for high end safari. Depending on how long, consider three different lodges, sub-areas. It will cost you, my guess, $1k per day. We used a UK company, Expert Africa, and they were excellent, although this was more than 10 years ago. For Botswana, your price estim...
by jhawktx
Sat Dec 21, 2019 6:17 pm
Forum: Personal Consumer Issues
Topic: African Safari trip
Replies: 22
Views: 1568

Re: African Safari trip

I recommend you check out Botswana, for high end safari. Depending on how long, consider three different lodges, sub-areas. It will cost you, my guess, $1k per day. We used a UK company, Expert Africa, and they were excellent, although this was more than 10 years ago. For Botswana, your price estim...
by jhawktx
Sat Dec 21, 2019 6:02 pm
Forum: Personal Finance (Not Investing)
Topic: Changes to 401(k) and IRAs, SECURE Act - It's signed
Replies: 292
Views: 22813

Re: Changes to 401(k) and IRAs, SECURE Act - It's signed

your kids and grandkids will thank you for paying your own taxes instead of passing your tax bills unpaid on to then I would gladly accept anyone’s IRA and cheerfully pay the taxes, seeing how the funds to pay the taxes are in the IRA. Indeed! Anyone who wants to throw me into the briar patch by gi...
by jhawktx
Sat Dec 21, 2019 12:42 pm
Forum: Personal Investments
Topic: IRMAA brackets?
Replies: 75
Views: 5006

Re: IRMAA brackets?

In your example, you start with the single amount of 87k. 87,000 x 1.01 = 87,870 and round this number to 88,000. Multiply 88,000 by 2 gives you 176,000 for MFJ. No! Read the code carefully. You always use the base year in the divisor. You do not compare a future year against the immediate previous...
by jhawktx
Sat Dec 21, 2019 12:31 pm
Forum: Personal Investments
Topic: IRMAA brackets?
Replies: 75
Views: 5006

Re: IRMAA brackets?

No one on the face of earth knows "definitively" the number you are looking for AT THIS POINT IN TIME. That is because the amount you are looking for will not be known "definitively" until late 2020. YES, I KNOW THAT DATE IS AFTER 12/31/19. But that is just the way it works.
by jhawktx
Fri Dec 20, 2019 1:17 pm
Forum: Personal Finance (Not Investing)
Topic: IRMMA
Replies: 12
Views: 666

Re: IRMMA

Gill - Comment please based on your knowledge. For a conversion this year (2019) the limit for a MFJ couple appears to me to be $170,000 before any adjustment to Medicare premium starts. Am I correct that my Medicare premium would increase starting with my 2021 SS benefits if I were to exceed that ...
by jhawktx
Fri Dec 20, 2019 1:16 pm
Forum: Personal Finance (Not Investing)
Topic: IRMMA
Replies: 12
Views: 666

Re: IRMMA

Gill - Comment please based on your knowledge. For a conversion this year (2019) the limit for a MFJ couple appears to me to be $170,000 before any adjustment to Medicare premium starts. Am I correct that my Medicare premium would increase starting with my 2021 SS benefits if I were to exceed that ...
by jhawktx
Wed Dec 18, 2019 11:08 pm
Forum: Personal Finance (Not Investing)
Topic: Is anyone here surviving without a credit card?
Replies: 85
Views: 4217

Re: Is anyone here surviving without a credit card?

I guess the unabomber survived without a credit card. :happy
by jhawktx
Wed Dec 18, 2019 7:13 pm
Forum: Personal Finance (Not Investing)
Topic: Is anyone here surviving without a credit card?
Replies: 85
Views: 4217

Re: Is anyone here surviving without a credit card?

A better question would be, "Why would anyone want to survive without a credit card"?
by jhawktx
Wed Dec 18, 2019 10:08 am
Forum: Personal Investments
Topic: Convert Traditional IRA to Roth at age 65?
Replies: 10
Views: 1142

Re: Convert Traditional IRA to Roth at age 65?

Just barely into 7 figures could make a big difference. If it is 1,000,000 you may get a different answer than you would if the amount is 2,000,000. Both are barely into 7 figures.

You have a ridiculous number of funds.
by jhawktx
Sat Dec 14, 2019 6:29 pm
Forum: Personal Finance (Not Investing)
Topic: [Backdoor Roths & T-IRAs]
Replies: 27
Views: 842

Re: [Backdoor Roths & T-IRAs]

Probably should consider a TRG or a MRFY. Avoid RWE if you can.
by jhawktx
Sun Dec 08, 2019 5:38 pm
Forum: Investing - Theory, News & General
Topic: Tax Deferred : Taxable : Tax Free
Replies: 224
Views: 13805

Re: Tax Deferred : Taxable : Tax Free

I believe I was responding to a post by grayfox.
by jhawktx
Sun Dec 08, 2019 5:08 pm
Forum: Investing - Theory, News & General
Topic: Tax Deferred : Taxable : Tax Free
Replies: 224
Views: 13805

Re: Tax Deferred : Taxable : Tax Free

In Dec-2018 I was at Tax : tIRA : Roth = 27 : 66 : 7 and looking at massive RMDs. I forget the exact numbers but iORP showed like $90,000 per year in taxes when I am 85-90. I did a mega-conversion in 2019 and it now shows 30 : 47: 23 although I have not paid the FIT out of the taxable yet. I alread...
by jhawktx
Wed Dec 04, 2019 11:51 pm
Forum: Personal Finance (Not Investing)
Topic: My I-ORP results-now what
Replies: 10
Views: 1045

Re: My I-ORP results-now what

I know some swear by I-ORP. I find it to be more trouble than it's worth.
by jhawktx
Tue Dec 03, 2019 8:36 pm
Forum: Investing - Theory, News & General
Topic: Can one have too much Roth?
Replies: 175
Views: 15270

Re: Can one have too much Roth?

I just saw this article and thought it might be relevant to this thread. https://www.cnbc.com/2019/11/27/moving-all-your-ira-money-to-a-roth-means-losing-some-tax-breaks.html MichDad Good summary article. Many on this board go way overboard on Roth conversions. It won't be long before we see a thre...
by jhawktx
Tue Dec 03, 2019 4:39 pm
Forum: Investing - Theory, News & General
Topic: [Dow] dropped 250 points today?
Replies: 105
Views: 8928

Re: [Dow] dropped 250 points today?

thelateinvestor43 wrote:
Mon Dec 02, 2019 4:46 pm
What's going on with the Dow dropping 250 points today?

I'm new to all this.

[Edited post title to read "Dow" rather than "S&P" -- moderator oldcomputerguy]
So what?
by jhawktx
Mon Dec 02, 2019 7:27 pm
Forum: Personal Investments
Topic: What are Medicare Part B income limits?
Replies: 11
Views: 983

Re: What are Medicare Part B income limits?

The 2021 number will not be available until November 2020.
by jhawktx
Mon Dec 02, 2019 1:17 pm
Forum: Investing - Theory, News & General
Topic: Can one have too much Roth?
Replies: 175
Views: 15270

Re: Can one have too much Roth?

The Roth accounts will likely become even more valuable 10, 20 or 30 years down the road. As the US population ages and baby boomers are retiring en masse, I would not be surprised if the tax laws will change to extract more taxes from older folks. Oh, you mean like beginning to tax Roth IRA withdr...
by jhawktx
Mon Dec 02, 2019 12:30 pm
Forum: Investing - Theory, News & General
Topic: Can one have too much Roth?
Replies: 175
Views: 15270

Re: Can one have too much Roth?

The Roth accounts will likely become even more valuable 10, 20 or 30 years down the road. As the US population ages and baby boomers are retiring en masse, I would not be surprised if the tax laws will change to extract more taxes from older folks. Oh, you mean like beginning to tax Roth IRA withdr...
by jhawktx
Sun Dec 01, 2019 11:27 am
Forum: Investing - Theory, News & General
Topic: Tax Deferred : Taxable : Tax Free
Replies: 224
Views: 13805

Re: Tax Deferred : Taxable : Tax Free

Currently 57:11:32. Hope to do some serious Roth conversions in the 12% bracket over the next 15 years, perhaps reaching 10:5:85. 85% in Roth?! For the vast majority of people this would be crazy. Most would almost certainly pay more in taxes to build this high of a Roth balance than they would sav...
by jhawktx
Fri Nov 29, 2019 10:54 pm
Forum: Personal Investments
Topic: Estimating foreign tax credit before year end
Replies: 2
Views: 356

Estimating foreign tax credit before year end

For most Vanguard funds you can get a good estimate of full year taxable amounts (dividend income, interest income, capital gains) before year end. Is there any way to get a fairly accurate estimate of foreign tax credit for Total International or Developed Markets funds before year end?
by jhawktx
Wed Nov 20, 2019 1:40 pm
Forum: Investing - Theory, News & General
Topic: Warren Buffet says NOT to diversify?
Replies: 37
Views: 5170

Re: Warren Buffet says NOT to diversify?

Berkshire Hathaway owns at least 72 operating subsidiaries and owns shares in at least 49 public companies. Exactly. Which means BH is already diversified. I always marvel at the people on this board who think they need a share in tens of thousands of stocks and 50 or more countries to be diversifi...
by jhawktx
Mon Nov 04, 2019 1:32 am
Forum: Personal Investments
Topic: Too much tax deferred?
Replies: 28
Views: 3953

Re: Too much tax deferred?

With two pensions and 1 SS income, I would not be filling more than 2 tax-deferred accounts. In fact, I'd probably do less than the full two. I would not start the 403b unless it is a good low cost one and you switch one of the other accounts to Roth (which you apparently plan to do). I agree with ...
by jhawktx
Fri Sep 06, 2019 7:20 pm
Forum: Personal Consumer Issues
Topic: Mensa membership
Replies: 90
Views: 7599

Re: Mensa membership

I was a marginally active member for a few years quite some time ago. It was ok. I might get involved again at some point. Haven't thought about for a while until I saw this thread.