Search found 425 matches

by TBillT
Mon Nov 19, 2018 9:28 pm
Forum: Personal Finance (Not Investing)
Topic: SS Question
Replies: 9
Views: 1080

Re: SS Question

Sounds like my situation.
Open Social Security tool (Mike Piper) gives quickly calcs this.
Looks like spouse gets spousal benefit to bring total payment as noted above to 1/2 FRA Age PIA for the other spouse
My spouses PIA is about 1/2 of my PIA anyways so I do not see much difference in my case
by TBillT
Sat Nov 17, 2018 9:44 am
Forum: Investing - Help with Personal Investments
Topic: LOST OVER $400 on CDs in 2 Weeks!
Replies: 24
Views: 4286

Re: LOST OVER $400 on CDs in 2 Weeks!

If interest rates trend down, you could also see the CD value *increase* over par. This is the nature of broker CDs, the value shifts with markert like a bond. Normally you are holding so it does not matter. It is harder to sell broker CD's because there is limited market of buyers, but I believe I ...
by TBillT
Fri Nov 16, 2018 7:07 pm
Forum: Personal Consumer Issues
Topic: Mouse in the house
Replies: 32
Views: 2103

Re: Mouse in the house

Well we have no mouse problem, but this morning I had to catch a big black snake in the house, and toss him out. It is fairly common in Virginia as the black snakes seem to like to get inside homes. Don't tell my better half please, thankfully she was out. During snake absences, we do use sticky tra...
by TBillT
Fri Nov 16, 2018 3:44 pm
Forum: Personal Finance (Not Investing)
Topic: Amazon says TurboTax 2018 will be released November 12
Replies: 79
Views: 8615

Re: Amazon says TurboTax 2018 will be released November 12

https://www.fidelity.com/tax-information/turbotax-discount/overview I was looking at the Fidelity ‘discount’ page, not the not-yet-available free offer, and saw that I could “start now” and not pay until I file. Does this mean I can do all the analysis now on TurboTax and just wait to file until I ...
by TBillT
Wed Nov 14, 2018 1:56 am
Forum: Personal Consumer Issues
Topic: fuel for snowblower
Replies: 97
Views: 5212

Re: fuel for snowblower

E0 can be better for small engines. If you live in a reformulated gasoline area, then assume exactly 10% ethanol in all grades. https://www.api.org/~/media/Files/Policy/Fuels-and-Renewables/2016-Oct-RFS/US-Fuel-Requirements/US-Gasoline-Requirements-Map.pdf Outside RFG areas, could be a little less t...
by TBillT
Thu Nov 08, 2018 2:19 pm
Forum: Personal Finance (Not Investing)
Topic: "Open Social Security" calculator: feature requests, bug reports, etc
Replies: 242
Views: 22442

Re: "Open Social Security" calculator: feature requests, bug reports, etc

What's confusing is when Social Security quotes the PIA for a person (eg; per the"annual" statement), often times they do not say: (1) what cost-of-livng updates were included, and (2) they do not say what the max PIA is in theory, so it's hard to interpret the numbers without re-doing all the calc...
by TBillT
Mon Nov 05, 2018 11:50 am
Forum: Investing - Help with Personal Investments
Topic: RMDs and taxes
Replies: 28
Views: 2740

Re: RMDs and taxes

We are in a somewhat similar situation, and using the toolkits referenced above for planning. This year we have the "opportunity" to convert extra to Roth, which is an anathema to me to intentionally pay more taxes now. One pain-in-the-butt is State taxes if they collect on retirement savings, so wh...
by TBillT
Mon Nov 05, 2018 11:31 am
Forum: Investing - Theory, News & General
Topic: Social Security Max Taxable Earnings
Replies: 12
Views: 1742

Re: Social Security Max Taxable Earnings

Re: PIA calc, I was surprised I am not at maximum PIA even though i paid the maximum for 36 straight years. But if you look at inflation adjusted salary that SS uses in the PIA calc, prior years like 1979 for example, only come out to $89,400 as the max compared to the $132,900 value for 2019. So ge...
by TBillT
Sat Nov 03, 2018 8:27 pm
Forum: Personal Consumer Issues
Topic: Which Prius or something else?
Replies: 25
Views: 1604

Re: Which Prius or something else?

We love our 2006 Prius. My wife thinks sedan is what cars were meant to be, so may replace with Camry hybrid. My wife highly values a trunk for package security. If it was me I'd proably get the wagon Prius v, but these are no longer sold in USA, so used car in that case. I would be getting relative...
by TBillT
Wed Oct 31, 2018 12:25 pm
Forum: Investing - Help with Personal Investments
Topic: California municipal money market vs vanguard prime money market
Replies: 19
Views: 2430

Re: California municipal money market vs vanguard prime money market

Well if they had a Virginia Tax Free MMF that's where I would be.
Without that we are in Prime MMF, but I notice the Treasury MMF seems competitive at the moment, and we have an old account balance there.
by TBillT
Wed Oct 31, 2018 8:55 am
Forum: Personal Finance (Not Investing)
Topic: NUA, (Net Unrealized Appreciation), tax forms
Replies: 16
Views: 1170

Re: NUA, (Net Unrealized Appreciation), tax forms

Your situation is undoubtedly different. But I encourage to run the numbers. It is not as simple as comparing 15% to 35% and saying that it's an obvious choice. By the way, are you really facing a 35% rate in retirement ? If so, congrats. :beer In my case the stock, when sold, will be used to pay t...
by TBillT
Tue Oct 30, 2018 10:32 am
Forum: Personal Finance (Not Investing)
Topic: Fixed Price Option for natural gas
Replies: 6
Views: 759

Re: Fixed Price Option for natural gas

My perception. unfortunately as homeonwers we do not see the (low cost) well-head price on natural gas, we see a much higher cost assigned to homeowners, and then lots of fees added on to that. So certainly when nat gas price goes down, we tend to not see that benefit. Not sure about when prices go ...
by TBillT
Mon Oct 29, 2018 8:55 pm
Forum: Personal Finance (Not Investing)
Topic: NUA, (Net Unrealized Appreciation), tax forms
Replies: 16
Views: 1170

Re: NUA, (Net Unrealized Appreciation), tax forms

I got three 1099-Rs (1) Aftertax cash (minor amount) -No taxable amount (2) Rollover cash to Rollover IRA -No Taxable Amount (3) Aftertax stocks- Line1 Total Gross Amount/Line2 Taxable Amount ( 0 for me but I presume cost basis if it is not after tax basis) Lines 5 and 6 Detail cost basis (Contribut...
by TBillT
Mon Oct 29, 2018 1:46 pm
Forum: Personal Finance (Not Investing)
Topic: Claiming the Itemized Deduction on NY Income Tax Return for the 2018 Tax Year
Replies: 7
Views: 773

Re: Claiming the Itemized Deduction on NY Income Tax Return for the 2018 Tax Year

That's interesting!
Virginia so far is *NOT* making that same change, and it means a windfall tax profit for Virginia, and it wipes out any tax decrease I may see on federal.
by TBillT
Mon Oct 29, 2018 10:43 am
Forum: Personal Finance (Not Investing)
Topic: NUA, (Net Unrealized Appreciation), tax forms
Replies: 16
Views: 1170

Re: NUA, (Net Unrealized Appreciation), tax forms

I did the NUA thing about 2-3 years ago. I ended up using/transferring the stocks to VOYA, who had the orig 401K, because they had reps with experience with my company they did it all the time. I had trouble finding anyone else including Fidelity who seemed to know how to handle it exactly the way w...
by TBillT
Mon Oct 29, 2018 9:59 am
Forum: Investing - Help with Personal Investments
Topic: Why has VG Target 2015 outperformed Lifestrategy Cons. Growth?
Replies: 6
Views: 722

Re: Why has VG Target 2015 outperformed Lifestrategy Cons. Growth?

Forgeting about 10-yr, they are really close, and as you say the TIPS in Target 2015 is one obvious difference. On Morningstar chart I like to compare against VWINX and PONAX whereas PONAX is my substitute for VWINX at Fidelity. Note how PONAX seems to keep up with a more steady line with less up an...
by TBillT
Sun Oct 28, 2018 12:04 pm
Forum: Personal Finance (Not Investing)
Topic: If On Medicare Before SS, How Do You Pay?
Replies: 40
Views: 3167

Re: If On Medicare Before SS, How Do You Pay?

we are in the same boat, so far we made one payment via check.
by TBillT
Fri Oct 26, 2018 6:52 pm
Forum: Personal Finance (Not Investing)
Topic: Roth Conversion Retirement Calc Tool?
Replies: 4
Views: 593

Re: Roth Conversion Retirement Calc Tool?

Thank you!
That material ought to keep me busy for while.
by TBillT
Fri Oct 26, 2018 2:05 pm
Forum: Personal Finance (Not Investing)
Topic: Roth Conversion Retirement Calc Tool?
Replies: 4
Views: 593

Roth Conversion Retirement Calc Tool?

Remind me if we have planning tool for managing IRA to Roth Conversions prior to Age 70 RMD's?
I am getting cold feet...hard to feel good about the extra tax bite now, since Virginia adds 5.85% state tax if I do more than minimalist approach.
by TBillT
Fri Oct 26, 2018 10:59 am
Forum: Personal Finance (Not Investing)
Topic: Social Security - 2 year inflation adjustment gap
Replies: 22
Views: 3232

Re: Social Security - 2 year inflation adjustment gap

I noticed that Social Security's ANYPIA worksheet is nice becuase it includes the recent 2.8% COLA. On the other hand, the normal "Your Social Secuirty Statement" report is confusing right now becuase (1) it does not include the recent COLA (as of earlier this week), and (2) it doesn't specify what ...
by TBillT
Thu Oct 25, 2018 9:02 pm
Forum: Personal Finance (Not Investing)
Topic: How Can I Reduce 2018 Tax Bite?
Replies: 5
Views: 1434

Re: How Can I Reduce 2018 Tax Bite?

I am in a similar situation, but I have not yet made the Roth Conversion...I do not like the tax cost either. But it could be good idea versus RMD after age 70. One trick I use, I do have some small earned income, so I can donate to an IRA at tax time to indirectly reverse some of the withdrawal. I ...
by TBillT
Thu Oct 25, 2018 8:10 pm
Forum: Personal Finance (Not Investing)
Topic: Making a substantial gift to a college
Replies: 27
Views: 2080

Re: Making a substantial gift to a college

I am not sure about this, but apparently sometimes you can get a state tax credit for certain university donations, presumably in your own state. That would a special program for larger donations.
by TBillT
Thu Oct 25, 2018 1:01 pm
Forum: Personal Consumer Issues
Topic: 2019 Chrysler Pacifica Hybrid
Replies: 30
Views: 2527

Re: 2019 Chrysler Pacifica Hybrid

Pacifica is a PHEV (Plug-in Hybrid) confusing because they call it a Hybrid, which Hybrid implies no plug, 100% gaso all the time.
by TBillT
Thu Oct 25, 2018 12:39 pm
Forum: Personal Finance (Not Investing)
Topic: social security maximize plan
Replies: 9
Views: 1084

Re: social security maximize plan

I just used Open Social Security and found it extremely helpful for those of us 65+. Those younger than 65 in 2018 lose most of the creative "double dipping" features that are being eliminated at the end of the year. Right now our plan is higher PIA person (me) waits to age 70, and before that we ar...
by TBillT
Thu Oct 25, 2018 12:24 pm
Forum: Personal Finance (Not Investing)
Topic: Net worth compared to Medicare earnings
Replies: 16
Views: 1567

Re: Net worth compared to Medicare earnings

For us 65+ it looks like 1991 was the first year that Medicare Earnings were > Social Security Earnings, in other words they changed the tax base. Social security seems a little unfair to me that it is only people <$125k (or whatever it is now) that pay the burden.
by TBillT
Thu Oct 25, 2018 11:49 am
Forum: Investing - Theory, News & General
Topic: Effect of Federal Funds Rate on bond yields
Replies: 20
Views: 1488

Re: Effect of Federal Funds Rate on bond yields

If you are investing in ultra-short term bonds, the interest rate will be market rate. But something like 30-year T-Bonds value are impacted by what the bond vigilantes, hedge funds and computer trading algorithms want to suggest the future value should be.
by TBillT
Thu Oct 25, 2018 11:28 am
Forum: Investing - Help with Personal Investments
Topic: PNC Stable value fund class z
Replies: 10
Views: 698

Re: PNC Stable value fund class z

As a good benchmark, you can look at T Rowe Price SVF which has historically been attractive rate of return. I think it is only running about 2% right now. My Va 529 fund I think has Ivesco SVF, which has been less return than T Rowe, but maybe catching up. But at the current time, SVF's are not inc...
by TBillT
Wed Oct 24, 2018 9:55 am
Forum: Investing - Theory, News & General
Topic: Effect of Federal Funds Rate on bond yields
Replies: 20
Views: 1488

Re: Effect of Federal Funds Rate on bond yields

The Fed Chairman said he was going to keep increasing interest rates every quarter through next year. That was probably a mistake to say that, but if you believe that, interest rates are being forced up and up and up by the Fed. The problem with that strategy is it can hurt the economy, and the only...
by TBillT
Tue Oct 23, 2018 11:19 am
Forum: Personal Finance (Not Investing)
Topic: CA property tax > $10K, any options to deduct all?
Replies: 45
Views: 5847

Re: CA property tax > $10K, any options to deduct all?

How is that better than just making a donation equivalent to the 35% to whatever charity you'd prefer? In Scenario 2, you pay the same, get a larger deduction, and got to pick where your charitable money went. In fact, I think the difference in deduction is equal to how much you went below $10,000 ...
by TBillT
Tue Oct 23, 2018 10:32 am
Forum: Personal Finance (Not Investing)
Topic: CA property tax > $10K, any options to deduct all?
Replies: 45
Views: 5847

Re: CA property tax > $10K, any options to deduct all?

One way to increase SALT deduction in some states (eg; Va others) is a special donation program called NAP Neighborhood Assistance Program (in Virginia). We get 65% state tax credit for that, so you can reduce the state tax portion. With the new IRS rule, you can only deduct from Fed taxes the balan...
by TBillT
Tue Oct 23, 2018 10:10 am
Forum: Investing - Help with Personal Investments
Topic: switch bonds to money mkt?
Replies: 8
Views: 1207

Re: switch bonds to money mkt?

Well, to some degree (as far as OP orig question). Some of my bond funds were substitutes for money market funds/CDs which were paying zero for the last 10 years or so. So those funds I have started to change over. Some others of my bonds/funds (longer term bonds) are for buy and hold and to balance...
by TBillT
Mon Oct 22, 2018 3:46 pm
Forum: Personal Finance (Not Investing)
Topic: "Open Social Security" calculator: feature requests, bug reports, etc
Replies: 242
Views: 22442

Re: "Open Social Security" calculator: feature requests, bug reports, etc

Re: PIA calc I have a side comment on PIA calc. I paid maximum into SS for 36 straight years, and still do not qualify for the maximum PIA (more like 97%). Apparently, due to the salary factors used, the earlier years 1975-1980 in my career do not qualify for full SS credit even though I paid the fu...
by TBillT
Mon Oct 22, 2018 1:26 pm
Forum: Personal Consumer Issues
Topic: 2019 Chrysler Pacifica Hybrid
Replies: 30
Views: 2527

Re: 2019 Chrysler Pacifica Hybrid

Make sure you understand the difference between a hybrid and a plug-in electric/hybrid vehicle. A hybrid will have a smaller battery to assist the engine. There is no plug-in. The battery is charged by braking and the engine when running. A plug-in has two sets of batteries. The smaller hybrid assi...
by TBillT
Mon Oct 22, 2018 9:07 am
Forum: Personal Consumer Issues
Topic: Why are Carbon Offset Credits so cheap?
Replies: 61
Views: 3335

Re: Why are Carbon Offset Credits so cheap?

From memory 1 tonne of sodium hexafluoride has an equivalence to 20 000 tonnes CO2. 1 tonne methane (CH4 ie natural gas) about 20x (Have to check that. It is 100x as good an absorber of infrared light but it only lasts 20 years in the atmosphere. Need to look up what the standard adjustment factor ...
by TBillT
Sun Oct 21, 2018 9:29 pm
Forum: Personal Finance (Not Investing)
Topic: "Open Social Security" calculator: feature requests, bug reports, etc
Replies: 242
Views: 22442

Re: "Open Social Security" calculator: feature requests, bug reports, etc

Extremely useful tool, wow! There has been so much confusion with the 2015 law changes for those of us now 65. This really helps One thing I noticed that initially confused me- I did not agree with PIA number from Social Security, so I first went to the link given for socialsecurity.tools That site ...
by TBillT
Thu Oct 04, 2018 9:06 pm
Forum: Personal Finance (Not Investing)
Topic: Sold Home - 2 days after buyer claims they found an issue with A/C
Replies: 119
Views: 11966

Re: Sold Home - 2 days after buyer claims they found an issue with A/C

I had a A/C prob the drip pan rusted thru, so I found the $50 part myself with lots of work, but most A/C people say it's toast now cannot get the part. Same thing on my heater, $100 blower went out, so they say better get whole new unit. I did not, but they charged me $900 to replace the darn blowe...
by TBillT
Wed Oct 03, 2018 9:32 am
Forum: Personal Finance (Not Investing)
Topic: Most Medicare "Cost" plans will convert or go away in 2019
Replies: 6
Views: 1630

Re: Most Medicare "Cost" plans will convert or go away in 2019

OK that it is interesting, we are not in Kaiser but in Virginia, and I think our company Medicare supplemental plan may be impacted by this...not sure how. We just started Medicare. We now get 500 spam phone calls per day from vendors, and for the first time our iphones are clogged with mostly junk ...
by TBillT
Wed Oct 03, 2018 9:08 am
Forum: Investing - Help with Personal Investments
Topic: MetLife 403(b) Rollover to Fidelity
Replies: 5
Views: 340

Re: MetLife 403(b) Rollover to Fidelity

Yes I had to transfer a MetLife life insurance savings accumulation fund to Fidelity. I forget why I had to do that, retirement or the fund ended or something. It was somehow part of our company benefits offerings at one time. So I had to transfer over to a Fidelity Annuity account, with withdrawal ...
by TBillT
Wed Oct 03, 2018 8:59 am
Forum: Investing - Help with Personal Investments
Topic: VA529 fund selection
Replies: 2
Views: 212

Re: VA529 fund selection

I am also in VA529 for my grandkids. One of the funds is a lackluster stable value fund, so that is one option.
There was an optional CD Va. plan...I don't know if it would someday makes sense to transfer over to that plan assuming someday the bank CD's are better return than they have been.
by TBillT
Wed Sep 26, 2018 12:12 pm
Forum: Personal Finance (Not Investing)
Topic: Medicare Premium/Appeal Question
Replies: 3
Views: 498

Re: Medicare Premium/Appeal Question

the high income in 2016 triggers the IRMAA but you definitely can appeal it if your income has changed so they can it adjust it now. https://www.medicare.gov/your-medicare-costs/part-b-costs https://www.ssa.gov/pubs/EN-05-10536.pdf ...but they have allowable reasons for appeal, change of life type ...
by TBillT
Tue Sep 25, 2018 3:22 pm
Forum: Personal Finance (Not Investing)
Topic: Medicare Premium/Appeal Question
Replies: 3
Views: 498

Medicare Premium/Appeal Question

I took extra retirement income in 2016, not realizing I was bumping myself into a higher 2018 first Medicare premium. But, since 2016, my income is back down below in the lower premium category. So, if my higher income in 2016 only impacts my 2018 premium, I am not too worried about it, if I get a l...
by TBillT
Tue Sep 25, 2018 3:04 pm
Forum: Personal Consumer Issues
Topic: Flu shot reaction? Getting flu shot this year?
Replies: 69
Views: 2385

Re: Flu shot reaction? Getting flu shot this year?

This year I am 65 so I got the 4x super powerful old person flu shot.
>>Same time I got Prevnar the pnemonia shot, which was what I actuially went in for, both at Target.

Well, I got a cold next day, I believe courtesy my granddaughter, however.
Thank heaven for that.
by TBillT
Fri Aug 24, 2018 3:58 pm
Forum: Personal Finance (Not Investing)
Topic: SALT: IRS issues proposed regs for State Tax Credit for Donation
Replies: 62
Views: 6180

Re: SALT: IRS issues proposed regs for State Tax Credit for Donation

Quite a few states (eg; Virginia) already historically allow up to 65% state tax credit for approved in-state charities, which I am considering. I think the new law is saying: Qualified "State" Donation: $10,000 State tax Credit (e.g. Va.): $6,500 Deductible on Fed Taxes: $3,500 (previously we coul...
by TBillT
Fri Aug 24, 2018 12:31 pm
Forum: Personal Finance (Not Investing)
Topic: SALT: IRS issues proposed regs for State Tax Credit for Donation
Replies: 62
Views: 6180

Re: SALT: IRS issues proposed regs for State Tax Credit for Donation

Quite a few states (eg; Virginia) already historically allow up to 65% state tax credit for approved in-state charities, which I am considering. I think the new law is saying: Qualified "State" Donation: $10,000 State tax Credit (e.g. Va.): $6,500 Deductible on Fed Taxes: $3,500 (previously we could...
by TBillT
Fri Aug 24, 2018 12:12 pm
Forum: Personal Consumer Issues
Topic: The Fall of Consumer Reports
Replies: 89
Views: 15207

Re: The Fall of Consumer Reports

I still get CR but in certain areas they take political correct side of argument/green cars etc get blind support sometimes.
by TBillT
Mon Aug 20, 2018 12:44 pm
Forum: Personal Consumer Issues
Topic: ICE or a hybrid car
Replies: 31
Views: 2086

Re: ICE or a hybrid car

2006 Prius here, best car ever for low cost, reliability, good cargo space, and with a roof rack/box can rival minivan hauling capacity in a pinch. Hybrids don't use brakes much, so nothing ever goes bad but heavily used hybrids have concerns over HV battery replacement costs. Plug-ins not currently...
by TBillT
Wed Aug 15, 2018 9:10 am
Forum: Investing - Help with Personal Investments
Topic: Why bonds when they return nothing over inflation?
Replies: 31
Views: 5184

Re: Why bonds when they return nothing over inflation?

If you have been holding short term bonds or bond funds just as cash, then now you can move that more of that cash to CD's etc. because short-term rates have risen. If you are holding long term bonds, they have considerable potential for capital gains in addition to dividends, especailly when the st...
by TBillT
Thu Aug 09, 2018 8:50 pm
Forum: Investing - Theory, News & General
Topic: Vanguard Switch to Brokerage Accounts
Replies: 60
Views: 6466

Re: Vanguard Switch to Brokerage Accounts

Like you I've heard about this probably 2 years now here on BH, but I do not think they have bothered us about it yet.
We make very few transactions, but a few.
by TBillT
Wed Aug 08, 2018 6:48 pm
Forum: Investing - Help with Personal Investments
Topic: Non-profit Account with Fido or VG Possible?
Replies: 2
Views: 166

Non-profit Account with Fido or VG Possible?

Can our non-profit set up an account with Fido or Vanguard?
We'd like to use money market funds and broker CDs to make some interest on our savings.
by TBillT
Mon Aug 06, 2018 8:32 pm
Forum: Personal Consumer Issues
Topic: radon mitigation exposure concern, are we at risk?
Replies: 59
Views: 4236

Re: radon mitigation exposure concern, are we at risk?

You are probably not at any risk from your neighbors house.
The implication however is that your house may also have a radon problem.

The radon is natural coming from the earth. By the time you are outside you are breathing diluted air.