Search found 11622 matches
- Sun Mar 17, 2024 7:33 pm
- Forum: Personal Investments
- Topic: Nervous about giving out information
- Replies: 19
- Views: 1709
Re: Nervous about giving out information
That's why you use an anonymous user ID.
- Fri Mar 15, 2024 11:16 pm
- Forum: Personal Consumer Issues
- Topic: Dumped from PT due to low Medicare reimbursements?
- Replies: 59
- Views: 3769
- Fri Mar 15, 2024 8:40 pm
- Forum: Personal Consumer Issues
- Topic: Dumped from PT due to low Medicare reimbursements?
- Replies: 59
- Views: 3769
Re: Dumped from PT due to low Medicare reimbursements?
There is and there isn't a cap on how much Medicare will cover, and your numbers are correct. But the cap can be exceeded if your medical provider deems it necessary.DoubleComma wrote: ↑Fri Mar 15, 2024 8:09 pm Under the impression that Medicare only covers $2,300-$2,400 annual for “therapy services”.
Have you reached your annual cap?
" There's no limit on how much Medicare pays for your medically necessary outpatient therapy services in one calendar year"
https://www.medicare.gov/coverage/physi ... y-services
You'll notice this reference seems to contradict itself. But I exceeded the cap last year and didn't pay anything because my doctor said it was neceassary.
- Fri Mar 15, 2024 7:11 pm
- Forum: Personal Consumer Issues
- Topic: "22 of the funniest novels since Catch-22" (acc. to the NYT)
- Replies: 29
- Views: 2842
Re: "22 of the funniest novels since Catch-22" (acc. to the NYT)
The Bomb in the Attic, Jacob Hay 1962
- Thu Mar 14, 2024 9:51 pm
- Forum: Personal Finance (Not Investing)
- Topic: The best game-changing financial advice you ever received (or "discovered")
- Replies: 120
- Views: 11047
- Tue Mar 12, 2024 9:42 am
- Forum: Personal Finance (Not Investing)
- Topic: Confused--Part D (Drug Plan) Much More for Certain Prescriptions than Originally Quoted
- Replies: 15
- Views: 1145
Re: Confused--Part D (Drug Plan) Much More for Certain Prescriptions than Originally Quoted
And that's what we all do. Hope the prices we end up with are close to what we expected when we signed up,OnTrack2020 wrote: ↑Tue Mar 12, 2024 9:28 amI'm betting that for the vast majority of plans that people sign with that they are choosing a plan based on those estimates that are given and are expecting the actual prescription prices to be fairly close in price to the original price quoted.
- Mon Mar 11, 2024 10:23 pm
- Forum: Personal Finance (Not Investing)
- Topic: Confused--Part D (Drug Plan) Much More for Certain Prescriptions than Originally Quoted
- Replies: 15
- Views: 1145
Re: Confused--Part D (Drug Plan) Much More for Certain Prescriptions than Originally Quoted
one of mine went up 56% between January and March, from $3.84 to $6.00.
I can handle the increase, but it would be hard to stomach 56% if this had been an expensive drug in the first place.
I can handle the increase, but it would be hard to stomach 56% if this had been an expensive drug in the first place.
- Mon Mar 11, 2024 3:03 pm
- Forum: Personal Consumer Issues
- Topic: Dual majors and non big 50 colleges
- Replies: 111
- Views: 7169
Re: Dual majors and non big 50 colleges
I'd also consider the possibility inflation costing it more for the 7th grader to get a comparable education to the 10th grader.
- Sun Mar 10, 2024 11:37 pm
- Forum: Personal Consumer Issues
- Topic: Dual majors and non big 50 colleges
- Replies: 111
- Views: 7169
Re: Dual majors and non big 50 colleges
#1 MilitaryWannaretireearly wrote: ↑Sun Mar 10, 2024 11:32 pmNot directly relevant, but mind sharing the two you started and where you ended up? Curious!cheese_breath wrote: ↑Sun Mar 10, 2024 11:30 pm I think you're getting way ahead of the game. Give them some time in college to discover their interests and options. I changed my career aspirations twice from the time I entered college until I graduated, and ended up in a career that wasn't either of them.
#2 Ministry
Final Information Technology (or as we called it in those days, data processing)
- Sun Mar 10, 2024 11:30 pm
- Forum: Personal Consumer Issues
- Topic: Dual majors and non big 50 colleges
- Replies: 111
- Views: 7169
Re: Dual majors and non big 50 colleges
I think you're getting way ahead of the game. Give them some time in college to discover their interests and options. I changed my career aspirations twice from the time I entered college until I graduated, and ended up in a career that wasn't either of them.
- Sun Mar 10, 2024 11:06 pm
- Forum: Personal Finance (Not Investing)
- Topic: What's your primary credit card?
- Replies: 117
- Views: 10235
Re: What's your primary credit card?
I have no 'primary'. I use AAA Visa for drug stores, grocery stores and AAA insurances; Costco Visa for gas, restaurants, and Costco purchases; Discover for anything else. Sometimes Discover will offer temporary 5% rebates on some services. If that overlaps the other two cards, then I use the Discover until the 5% expires.
edit: I also have a GM Mastercard. But I only use it for my Geelong AFL club membership, and that only to keep it active in case I need it for emergencies.
edit: I also have a GM Mastercard. But I only use it for my Geelong AFL club membership, and that only to keep it active in case I need it for emergencies.
- Sun Mar 10, 2024 6:05 am
- Forum: Personal Consumer Issues
- Topic: [Visiting Mackinac Island, Michigan with a small child]
- Replies: 19
- Views: 1470
Re: [Visiting Mackinac Island, Michigan with a small child]
Way back in 1974 or thereabouts I took the boat tour through the locks. And to my surprise, they're still in business.bradinsky wrote: ↑Sat Mar 09, 2024 10:24 pm ... If you have time for a side trip, the Soo Locks at Sault Ste. Marie, MI. are interesting. They are about 60 miles north of Mackinaw City. You can get an up close view of 1000 ft. freighters being raised & lowered on their trips to & from Lake Superior.
https://www.famoussoolocks.com/
- Sat Mar 09, 2024 7:49 pm
- Forum: Personal Consumer Issues
- Topic: TurboTax asking for total IRA size
- Replies: 4
- Views: 735
Re: TurboTax asking for total IRA size
My last Roth conversion was in 2020, and I don't recall them asking for it then.baconavocado wrote: ↑Sat Mar 09, 2024 7:41 pm They always ask for this info, in my experience. Looking at my return, it shows up on some worksheets but I don't see it on the actual return.
- Sat Mar 09, 2024 7:01 pm
- Forum: Personal Consumer Issues
- Topic: TurboTax asking for total IRA size
- Replies: 4
- Views: 735
Re: TurboTax asking for total IRA size
2023 taxes?magicalThinking wrote: ↑Sat Mar 09, 2024 5:48 pm Hello - First post!
I... Just started my 2024 taxes on TurboTax...
- Sat Mar 09, 2024 6:59 pm
- Forum: Personal Consumer Issues
- Topic: TurboTax asking for total IRA size
- Replies: 4
- Views: 735
Re: TurboTax asking for total IRA size
I suspect this is probably some new IRS requirement. I did my first Roth withdrawal this year, and TT asked for my total conversions before 2018, and any conversions after that by year.
I'm more than 20 years past 59 1/2, and my first Roth conversion was in 1998. The IRS probably knows all this anyway, so I just entered it into TT and went on with the return.
I'm more than 20 years past 59 1/2, and my first Roth conversion was in 1998. The IRS probably knows all this anyway, so I just entered it into TT and went on with the return.
- Sat Mar 09, 2024 2:45 pm
- Forum: Personal Consumer Issues
- Topic: NJ “unsafe lane change” law
- Replies: 14
- Views: 1324
Re: NJ “unsafe lane change” law
From OP's description, "I had to cross a couple lanes of traffic at an intersection to get to a gas station", it doesn't seem he moved lanes. He cut across lanes.LaramieWind wrote: ↑Sat Mar 09, 2024 2:42 pm I avoid having to move across more than one lane, but it does happen. When it does I signal, move into the first lane, turn my signal off for a few seconds. Check on traffic, turn my signal on and move into the third lane.
- Sat Mar 09, 2024 2:18 pm
- Forum: Personal Consumer Issues
- Topic: NJ “unsafe lane change” law
- Replies: 14
- Views: 1324
Re: NJ “unsafe lane change” law
There's another statute that makes it more clear. See my edited post above.Doom&Gloom wrote: ↑Sat Mar 09, 2024 2:12 pm I'm not saying that I've never done that, but I'd never be shocked if I were stopped and ticketed afterward.
It looks to me like that statute is written vaguely enough that you'll have an uphill battle if the cop shows up to testify in court.
Good luck!
- Sat Mar 09, 2024 1:58 pm
- Forum: Personal Consumer Issues
- Topic: NJ “unsafe lane change” law
- Replies: 14
- Views: 1324
Re: NJ “unsafe lane change” law
I'm guessing the officer is inferring you can't cross lanes to make a turn at an intersection. i.e. You must be in the farthest lane (left or right) before making making your turn. (b) Left turns on two-way roadways. At any intersection where traffic is permitted to move in both directions on each roadway entering the intersection, an approach for a left turn shall be made in that portion of the right half of the roadway nearest the center line thereof and by passing to the right of such center line where it enters the intersection and after entering the intersection the left turn shall be made so as to leave the intersection to the right of the center line of the roadway being entered. Whenever practicable the left turn shall be made in th...
- Sat Mar 09, 2024 1:04 pm
- Forum: Personal Consumer Issues
- Topic: [Visiting Mackinac Island, Michigan with a small child]
- Replies: 19
- Views: 1470
- Sat Mar 09, 2024 12:56 pm
- Forum: Personal Finance (Not Investing)
- Topic: Using withholding on Roth conversion instead of estimated tax payment
- Replies: 86
- Views: 5887
Re: Using withholding on Roth conversion instead of estimated tax payment
Thank you. I reread OP's post and agree.Faith20879 wrote: ↑Sat Mar 09, 2024 10:55 amI've always thought the same way you do. But after reading the OP (and poster twh's testimony) several times I finally understood how the mechanism works. Essentially he is swapping taxable money with tax-preferred money. The taxes are eventually still paid with taxable money. Quite clever... like someone upthread said, money is fungible.cheese_breath wrote: ↑Sat Mar 09, 2024 9:50 am I see this thread is almost three weeks old with lots of replies already. But I'd like to chip in my two cents worth anyway. I've done lots of Roth conversions over the years, and I've always paid the taxes out of my taxable account. I'd rather reduce the balance of my taxable than reduce the balance of my Roth by withholding from the convesion.
- Sat Mar 09, 2024 10:54 am
- Forum: Personal Consumer Issues
- Topic: [Visiting Mackinac Island, Michigan with a small child]
- Replies: 19
- Views: 1470
Re: Mackinac Island, Michigan
We were on the lower deck with Arnolds. The noise came from the engines, not from the wind. And rough seas would be felt regardless of which deck you're on.familythriftmd wrote: ↑Sat Mar 09, 2024 10:46 amShepler's Ferry has a lower deck, so that could work.cheese_breath wrote: ↑Sat Mar 09, 2024 10:08 am Vacationing with a one year old will be a challenge anywhere you go. Life on the island should be no harder than anywhere else. But the ferry to the island might be.
Last time I went, several years ago, we took tne Arnold Ferry Line, and that boat was very noisy. I suspect the others might be as well. That and the possibility of rough seas might be disturbing to a baby.
ps: I've been to the island three times. The first two were pleasant rides on the ferry's upper decks. Last one was a rough sea on the lower deck.
- Sat Mar 09, 2024 10:46 am
- Forum: Personal Consumer Issues
- Topic: [Visiting Mackinac Island, Michigan with a small child]
- Replies: 19
- Views: 1470
Re: [Visiting Mackinac Island, Michigan with a small child]
Mackinac is my FAVORITE place in the US! I've only been once, but would love to go again. Where are you coming from? I think that Mackinac would be just fine with a child. Probably easier if you STAY on the island, but you could easily stay near the ferry terminal in Mackinaw City (Lower Peninsula) or St. Ignace (Upper Peninsula). I would stay LP if you're coming from the south, and stay UP if you're coming from the UP itself or from Wisconsin. That would be much cheaper than staying on the island and then just stay the day on the island. Very walkable in the village even with a baby. We stayed at the Baymont in Mackinaw City. Very Spartan, but no complaints otherwise. It was also 10 minute walk or less to the ferry. For that matter, depen...
- Sat Mar 09, 2024 10:26 am
- Forum: Personal Finance (Not Investing)
- Topic: Using withholding on Roth conversion instead of estimated tax payment
- Replies: 86
- Views: 5887
Re: Using withholding on Roth conversion instead of estimated tax payment
You don't need to set up an account if you use IRS Direct Paydknightd wrote: ↑Sat Mar 09, 2024 10:18 amI tried to set up an account with IRS to pay estimated taxes. It was more bother than it was worth. I have taxes withheld at the end of the year. Seems simpler that waycheese_breath wrote: ↑Sat Mar 09, 2024 9:50 am I see this thread is almost three weeks old with lots of replies already. But I'd like to chip in my two cents worth anyway. I've done lots of Roth conversions over the years, and I've always paid the taxes out of my taxable account. I'd rather reduce the balance of my taxable than reduce the balance of my Roth by withholding from the convesion.
- Sat Mar 09, 2024 10:24 am
- Forum: Personal Consumer Issues
- Topic: [Visiting Mackinac Island, Michigan with a small child]
- Replies: 19
- Views: 1470
Re: Mackinac Island, Michigan
Trivia, the movie Somewhere in Time with Jane Seymour and Christopher Reeve was filmed at the Grand Hotel. Last time I was there that beautiful picture of Jane was still hanging in the same place it was in the movie.
- Sat Mar 09, 2024 10:08 am
- Forum: Personal Consumer Issues
- Topic: [Visiting Mackinac Island, Michigan with a small child]
- Replies: 19
- Views: 1470
Re: Mackinac Island, Michigan
Vacationing with a one year old will be a challenge anywhere you go. Life on the island should be no harder than anywhere else. But the ferry to the island might be.
Last time I went, several years ago, we took tne Arnold Ferry Line, and that boat was very noisy. I suspect the others might be as well. That and the possibility of rough seas might be disturbing to a baby.
Last time I went, several years ago, we took tne Arnold Ferry Line, and that boat was very noisy. I suspect the others might be as well. That and the possibility of rough seas might be disturbing to a baby.
- Sat Mar 09, 2024 9:50 am
- Forum: Personal Finance (Not Investing)
- Topic: Using withholding on Roth conversion instead of estimated tax payment
- Replies: 86
- Views: 5887
Re: Using withholding on Roth conversion instead of estimated tax payment
I see this thread is almost three weeks old with lots of replies already. But I'd like to chip in my two cents worth anyway. I've done lots of Roth conversions over the years, and I've always paid the taxes out of my taxable account. I'd rather reduce the balance of my taxable than reduce the balance of my Roth by withholding from the convesion.
- Thu Mar 07, 2024 11:41 pm
- Forum: Personal Investments
- Topic: 16 yr old - how can I best take on high risk?
- Replies: 65
- Views: 5228
Re: 16 yr old - how can I best take on high risk?
If you want risk,
.... Tape a list of penny stocks to the wall
... Get a dart
... Blindfold yourself
... Throw the dart at the wall.
... Load up on the stock closest to where the dart sticks
That's about as much risk as you can get. You'll probably lose it all, but you might get lucky and hit the jackpot.
Or you could just invest in a boring total stock index fund. That will give you a good head start over those who wait until they're adults to begin investing.
.... Tape a list of penny stocks to the wall
... Get a dart
... Blindfold yourself
... Throw the dart at the wall.
... Load up on the stock closest to where the dart sticks
That's about as much risk as you can get. You'll probably lose it all, but you might get lucky and hit the jackpot.
Or you could just invest in a boring total stock index fund. That will give you a good head start over those who wait until they're adults to begin investing.
- Thu Mar 07, 2024 5:13 pm
- Forum: Personal Finance (Not Investing)
- Topic: Your Original Medicare OR Advantage Experience: Nightmare or Sublime?
- Replies: 156
- Views: 9905
Re: Your Original Medicare Experience: Nightmare or Sublime?
Never had problem with Medicare for 18 years. But I did have issues with my first medigap provider. My before-Medicare coverage was with the same company, and they kept confusing my Medicare claims with the previous plan.
- Thu Mar 07, 2024 5:08 pm
- Forum: Personal Consumer Issues
- Topic: Home phone (copper) solution for parents
- Replies: 26
- Views: 2491
Re: Home phone (copper) solution for parents
Are they mobile? They could go to a FedEx and use their fax machines.
- Wed Mar 06, 2024 10:33 am
- Forum: Personal Finance (Not Investing)
- Topic: When have you stopped saving for retirement?
- Replies: 40
- Views: 3886
Re: When have you stopped saving for retirement?
On the day I received my last check from my last employer.
- Sun Mar 03, 2024 10:44 pm
- Forum: Personal Consumer Issues
- Topic: [What TV Show Have You Recently Watched?]
- Replies: 5973
- Views: 689532
Re: [What TV Show Have You Recently Watched?]
Don't watch much TV anymore, except I still watch Blue Bloods and Resident Alien.
- Sun Mar 03, 2024 10:35 pm
- Forum: Personal Consumer Issues
- Topic: At what point in a car’s life do you try miracle elixir fixes?
- Replies: 36
- Views: 3309
Re: At what point in a car’s life do you try miracle elixir fixes?
Waste of money. I tried various concoctions when I was much younger, and the cars had lower engine compressions. Didn't work then, won't work now.
- Sun Mar 03, 2024 10:03 pm
- Forum: Personal Finance (Not Investing)
- Topic: Helping mom with finances - how do I get access?
- Replies: 48
- Views: 3863
Re: Helping mom with finances - how do I get access?
rossington wrote: ↑Sun Mar 03, 2024 9:52 pm
Hi OP,
You really don’t have a choice.
In order to accomplish your goal here you need legal authorization to access her accounts. I am sure you will need both POA and Full Agent authorization.
Since she is not able to these things on her own you will more than likely have to pay her a visit or two.
A lawyer may be needed for the POA among other reasons. The brokerage paperwork will likely need to be notarized. You will have to visit the banks.
Hopefully big banks, so they might have branches near you?
Does she have will?
The whole process takes time (even if she lived next door it would) so plan on that.
I would not trust an outside “financial advisor” to handle you Mom’s assets as you have outlined here.
Couldn't agree more.
- Sun Mar 03, 2024 9:38 pm
- Forum: Personal Finance (Not Investing)
- Topic: Helping mom with finances - how do I get access?
- Replies: 48
- Views: 3863
Re: Helping mom with finances - how do I get access?
Thanks. I do not have POA. She is in all respects still herself, that just happens to include a complete aversion to this stuff. I suppose the only answer may be full transactional access to her accounts (The phrase "agent authorization" is opening up a lot of search results). I've shied away from this on principle. I am of course trustworthy, but it just seems somehow like a bad practice. Maybe my own bias to overcome. If she didn't have a trusted family member, how would this work with a financial advisor? Consolidating her accounts, which I agree should happen, will involve maybe a dozen transactions that she would never be able to set up on her own. I think we're assuming YOU are the trusted family member. If a financial advi...
- Sun Mar 03, 2024 9:20 pm
- Forum: Personal Finance (Not Investing)
- Topic: Helping mom with finances - how do I get access?
- Replies: 48
- Views: 3863
Re: Helping mom with finances - how do I get access?
Thanks. I do not have POA. She is in all respects still herself, that just happens to include a complete aversion to this stuff. I suppose the only answer may be full transactional access to her accounts (The phrase "agent authorization" is opening up a lot of search results). I've shied away from this on principle. I am of course trustworthy, but it just seems somehow like a bad practice. Maybe my own bias to overcome. If she didn't have a trusted family member, how would this work with a financial advisor? Consolidating her accounts, which I agree should happen, will involve maybe a dozen transactions that she would never be able to set up on her own. I think we're assuming YOU are the trusted family member. If a financial advi...
- Sun Mar 03, 2024 9:04 pm
- Forum: Personal Investments
- Topic: I want to pay off car using money from Roth IRA
- Replies: 40
- Views: 4468
- Sun Mar 03, 2024 8:49 pm
- Forum: Personal Finance (Not Investing)
- Topic: Helping mom with finances - how do I get access?
- Replies: 48
- Views: 3863
Re: Helping mom with finances - how do I get access?
She needs to give you her Power of Attorney.
Not knowing the POA laws in your state, I suggest she go to a local attorney to have it written. Then send it to you.
That should get the ball rolling, but some companies might require their own POAs. If you ask, they'll tell you.
Not knowing the POA laws in your state, I suggest she go to a local attorney to have it written. Then send it to you.
That should get the ball rolling, but some companies might require their own POAs. If you ask, they'll tell you.
- Thu Feb 29, 2024 10:56 am
- Forum: Personal Finance (Not Investing)
- Topic: TurboTax and estimated tax payments
- Replies: 10
- Views: 1968
Re: TurboTax and estimated tax payments
I also use my own spreadsheet as I know more about what my income and deductions will be than TT does.lstone19 wrote: ↑Thu Feb 29, 2024 10:25 amI agree. TT will let you tell it what your income will be but it assumes (and I have found no way to change this) that your withholding will be the same as the previous year. I use that part of TT for estimating what the tax will be on the income but handle calculating how much to pay for estimated taxes in my own spreadsheet.cheese_breath wrote: ↑Wed Feb 28, 2024 10:18 pm Those TT estmated tax forms are useless. TT has no way of knowing what your income or deductions will be next year. As you discovered, all it can do is make assumptions based on what you do this year.
- Wed Feb 28, 2024 10:18 pm
- Forum: Personal Finance (Not Investing)
- Topic: TurboTax and estimated tax payments
- Replies: 10
- Views: 1968
Re: TurboTax and estimated tax payments
Those TT estmated tax forms are useless. TT has no way of knowing what your income or deductions will be next year. As you discovered, all it can do is make assumptions based on what you do this year.
- Wed Feb 28, 2024 2:53 pm
- Forum: Personal Finance (Not Investing)
- Topic: When did your Net Worth surpass your lifetime earnings?
- Replies: 93
- Views: 11637
Re: When did your Net Worth surpass your lifetime earnings?
Probably around 3 to 4 years old when my grandma gave me a nickle. Other than that I haven't kept track.
- Sun Feb 25, 2024 10:58 pm
- Forum: Personal Consumer Issues
- Topic: Spray paint for plastic shutters?
- Replies: 15
- Views: 1949
Re: Spray paint for plastic shutters?
When I painted mine I took them down and used a good quality paint with a Wagner spray gun. Twice. DW decided a few years later she wanted a different color.
edit: She changed the color both times, so I couldn't just buy new ones.
edit: She changed the color both times, so I couldn't just buy new ones.
- Sun Feb 25, 2024 2:29 pm
- Forum: Personal Consumer Issues
- Topic: Front License Plate Mount
- Replies: 29
- Views: 2742
Re: Front License Plate Mount
Try Amazon. I found one matching my Impala when I moved to Texas.
- Fri Feb 23, 2024 7:49 am
- Forum: Personal Investments
- Topic: Northwestern Mutual IRA Exit Strategy
- Replies: 8
- Views: 816
Re: Northwestern Mutual IRA Exit Strategy
I like many on here got into an IRA and life insurance as well from a friend when I started my career because I thought I needed to start investing. I have a pension that I have ten more years of work until I can get to. I have the IRA that I've been maxing out of the last 10 years in addition to some other investments and the cash available from the term life insurance. I've been reading a lot lately and feel like I would be much better suited with a Charles Schwab investment account with an IRA in index funds. I feel like I'm probably paying alot in fees. I've read a few other posts on here but would like some help with y'all's thoughts and experiences. Go to Schwab. Put in a transfer request. Wait about 5 business days. Enjoy the freedo...
- Mon Feb 19, 2024 10:07 pm
- Forum: Personal Finance (Not Investing)
- Topic: Guilt about having to spend Roth IRA money
- Replies: 33
- Views: 5330
Re: Guilt about having to spend Roth IRA money
Yes, that's the solution. You save and invest so you'll have it when you need it.
I withdrew $40K out of my Roth to buy a new car after a hail storm totaled my old one last May. That's what it was there for, to spend when I needed it.
- Mon Feb 19, 2024 4:32 pm
- Forum: Personal Finance (Not Investing)
- Topic: Determining the size for a LTC Buffer?
- Replies: 28
- Views: 3055
Re: Determining the size for a LTC Buffer?
I wanted to see what others think about how to we are planning for the potential need for LTC in retirement. We are both age 63 and healthy this year and plan on retiring in 3-years. We own a traditional LTC policy that will partially cover us. Our LTC Policy: Up to $206/day, 180 day Elimination Period, Up to 1,095 days each insured and An additional shared 1,095 days, 3% inflation rider So in today’s dollars that is up to $75,190/year or $225,570/1,095 days or a total of $676,710 for the full 3,285 days. Cost of Skilled Nursing Care: The two areas of the country that we are considering retiring are Boise and Colorado Springs. I looked at the Genworth Survey (2021) to get a sense of the regional median cost for a skilled nursing care facil...
- Mon Feb 19, 2024 3:59 pm
- Forum: Personal Finance (Not Investing)
- Topic: Determining the size for a LTC Buffer?
- Replies: 28
- Views: 3055
Re: Determining the size for a LTC Buffer?
If one or both of you need LTC or SNF, don’t you think your other expenses would go down significantly such that your income (from SS, investments, etc.) would be re-directed and help cover the shortfall? Or do you plan to party and vacation whilst you are getting help with bathing and dressing? I wouldn't count on that. Taking our 2016 expenses as the base (DW's stroke was 2017) ... 2017 expenses were 1.9 times more than 2016 ... 2018 expenses were 3.1 times more than 2016. ... 2019 expenses were 2.7 times more than 2016. ... 2020 expenses were 3.0 times more than 2016. *** 2017 Part year. Began private pay in September. *** 2018 Part year in MIchigan nursing home, part year in Texas nursing home. Does not include cost of air ambulance to...
- Mon Feb 19, 2024 11:46 am
- Forum: Personal Finance (Not Investing)
- Topic: Question about timing of estimated taxes
- Replies: 7
- Views: 611
Re: Question about timing of estimated taxes
In that case you might want to withhold a little more, because you'll also be taxed on the extra distribution.lstone19 wrote: ↑Mon Feb 19, 2024 11:32 amAnd, of course, you are not limited to your RMD. You can distribute more than the RMD and have it withheld for taxes.cheese_breath wrote: ↑Mon Feb 19, 2024 9:21 am If your RMD is big eneough to cover all the taxes, yes.
- Mon Feb 19, 2024 9:27 am
- Forum: Personal Consumer Issues
- Topic: Happy Valentine’s Day! What’s your love song?
- Replies: 88
- Views: 4452
Re: Happy Valentine’s Day! What’s your love song?
Not from me, but perhaps from someone who can't settle down.
Gentle on my Mind ... Glen Campbell
Gentle on my Mind ... Glen Campbell
- Mon Feb 19, 2024 9:21 am
- Forum: Personal Finance (Not Investing)
- Topic: Question about timing of estimated taxes
- Replies: 7
- Views: 611
Re: Question about timing of estimated taxes
If your RMD is big eneough to cover all the taxes, yes.
- Mon Feb 19, 2024 9:19 am
- Forum: Personal Consumer Issues
- Topic: Happy Valentine’s Day! What’s your love song?
- Replies: 88
- Views: 4452