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jhawktx

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 ...

jhawktx

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 ...

jhawktx

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...

jhawktx

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...

jhawktx

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 ...

jhawktx

One has a higher ER than the other.

jhawktx

What is the Callan table?

jhawktx

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,...

jhawktx

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.

jhawktx

What is VTCLX?

jhawktx

I'm not a fan of all these Golden insect portfolios.

jhawktx

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 ...

jhawktx

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...

jhawktx

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...

jhawktx

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...

jhawktx

Of course not. How silly.

jhawktx

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.

jhawktx

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....

jhawktx

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...

jhawktx

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.

jhawktx

LTCi is like Edward Jones. Stay far away.

jhawktx

I would like whichever form is correct.

I agree that the wording on qualified dividends is incorrect.

jhawktx

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 ...

jhawktx

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.

jhawktx

Huge difference between having $100,00 and having $999,999

jhawktx

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...

jhawktx

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...

jhawktx

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...

jhawktx

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...

jhawktx

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.

jhawktx

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 ...

jhawktx

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 ...

jhawktx

I guess the unabomber survived without a credit card.

jhawktx

A better question would be, "Why would anyone want to survive without a credit card"?

jhawktx

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.

jhawktx

Probably should consider a TRG or a MRFY. Avoid RWE if you can.

jhawktx

I believe I was responding to a post by grayfox.

jhawktx

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...

jhawktx

I know some swear by I-ORP. I find it to be more trouble than it's worth.

jhawktx

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...

jhawktx

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?

jhawktx

The 2021 number will not be available until November 2020.

jhawktx

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...

jhawktx

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...

jhawktx

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...

jhawktx

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?

jhawktx

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...

jhawktx

Um, no.

jhawktx

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 ...

jhawktx

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.

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