Search found 1283 matches

by RustyShackleford
Wed Oct 10, 2018 12:01 am
Forum: Personal Finance (Not Investing)
Topic: Received IRS notice CP 2000 asking more tax. Need help.
Replies: 23
Views: 2663

Re: Received IRS notice CP 2000 asking more tax. Need help.

Relax, I've had a couple of these, easily resolved. In fact, the net effort on the last one was a long phone call. After explaining myself about 3 times, the agent went away briefly and said "ok, I'm going to change your add'l tax owed to zero, you should get a confirmation letter later".
by RustyShackleford
Mon Oct 08, 2018 1:54 pm
Forum: Investing - Help with Personal Investments
Topic: keep cash in after-tax for bridge to Social Security ?
Replies: 33
Views: 3002

Re: keep cash in after-tax for bridge to Social Security ?

I've got a whopping big after-tax CD maturing in October. If I decide to buy equities with it, I'd need to sell some in tax-deferred (to maintain my AA). But I don't have any equities in my TIRA (aka. TIAA-CREF RA), so I'd have to sell some in my Roth. And I'm not sure that makes sense. I agree wit...
by RustyShackleford
Thu Oct 04, 2018 8:14 pm
Forum: Personal Finance (Not Investing)
Topic: social considerations with gaming credit cards
Replies: 21
Views: 2491

Re: social considerations with gaming credit cards

I'm totally comfortable with getting one over on BofA; AMTRAK not so much. Why would you enjoy "putting one over" on Bank of America, but not AMTRAK? Because I think that banks, especially the huge ones, are evil; you may laugh, and I'm not going to get into a discussion about it (inappropriate her...
by RustyShackleford
Wed Oct 03, 2018 1:17 pm
Forum: Personal Finance (Not Investing)
Topic: how difficult is Form 1116 (foreign tax credit)
Replies: 12
Views: 609

Re: how difficult is Form 1116 (foreign tax credit)

That said, on the TIPS side are you talking about a TIPS mutual fund/ETF or individual TIPS? I would rather do Form 1116 than deal with the reporting of individual TIPS in taxable. However, if you own a fund/ETF, the "phantom interest" isn't an issue--it's just another dividend paid by the fund. In...
by RustyShackleford
Wed Oct 03, 2018 1:13 pm
Forum: Personal Finance (Not Investing)
Topic: how difficult is Form 1116 (foreign tax credit)
Replies: 12
Views: 609

Re: how difficult is Form 1116 (foreign tax credit)

If you are taking the standard deduction and your qualified foreign dividends are less than 20k ... Yeah, standard deduction after tax "reform", since no mortgage interest or other biggies besides property tax. Foreign dividends greater than $20K ? I wish :-) If the holdings are all passive investm...
by RustyShackleford
Wed Oct 03, 2018 1:08 pm
Forum: Personal Finance (Not Investing)
Topic: social considerations with gaming credit cards
Replies: 21
Views: 2491

Re: social considerations with gaming credit cards

I'm totally comfortable with getting one over on BofA; AMTRAK not so much. Why would you enjoy "putting one over" on Bank of America, but not AMTRAK? Because I think that banks, especially the huge ones, are evil; you may laugh, and I'm not going to get into a discussion about it (inappropriate her...
by RustyShackleford
Wed Oct 03, 2018 1:03 pm
Forum: Personal Consumer Issues
Topic: Humidity in basement
Replies: 65
Views: 4136

Re: Correlation between temperature, humidty and mold in crawl space?

I live in NC and have a crawl space, but no encapsulation. I use fans in hot weather to move air in crawl which helps with the problem. I too live in the humid south, but I've encapsulated my crawlspace. Previously I used fans to move air, with the vents open, and it exacerbated the problem. Suckin...
by RustyShackleford
Tue Oct 02, 2018 11:16 pm
Forum: Personal Finance (Not Investing)
Topic: how difficult is Form 1116 (foreign tax credit)
Replies: 12
Views: 609

Re: how difficult is Form 1116 (foreign tax credit)

typical.investor wrote:
Tue Oct 02, 2018 11:11 pm
Can you really claim foreign taxes paid in tax sheltered accounts?
I don't think so. My point was that I'm increasing my foreign taxes in my taxable account.
by RustyShackleford
Tue Oct 02, 2018 11:04 pm
Forum: Personal Finance (Not Investing)
Topic: how difficult is Form 1116 (foreign tax credit)
Replies: 12
Views: 609

how difficult is Form 1116 (foreign tax credit)

I'm thinking of making an investment move, not a change in AA, just selling some foreign equity in my Roth and rebuying it in my after-tax brokerage account, in order to make room for some TIPS in the Roth (it being ill-advised to hold TIPS in an after-tax account, due to "phantom interest"). Unfort...
by RustyShackleford
Tue Oct 02, 2018 10:50 pm
Forum: Personal Finance (Not Investing)
Topic: social considerations with gaming credit cards
Replies: 21
Views: 2491

social considerations with gaming credit cards

I've long enjoyed exploiting credit card issuers by getting cards in order to collect big bonuses, generally "points" of some kind, usually airline frequent-flyer miles (most especially Southwest, and earning the "companion certificate"). I really do feel like I'm getting one over on the credit card...
by RustyShackleford
Thu Aug 09, 2018 1:07 pm
Forum: Investing - Help with Personal Investments
Topic: keep cash in after-tax for bridge to Social Security ?
Replies: 33
Views: 3002

Re: keep cash in after-tax for bridge to Social Security ?

I have a CD ladder in taxable. As my CDs come due I'm using part of the money to fund the SS bridge. As I have extra cash I'm buying equities in taxable and selling equities (to buy bonds) in my tIRA (keeping my AA the same). The holy grail for me is to get all equities out of my tIRA (to Roth and ...
by RustyShackleford
Wed Aug 08, 2018 1:14 pm
Forum: Investing - Help with Personal Investments
Topic: keep cash in after-tax for bridge to Social Security ?
Replies: 33
Views: 3002

Re: keep cash in after-tax for bridge to Social Security ?

Not sure what Leif meant, but that seems backwards. Five years into retirement at 68, I live off monthly pro rata withdrawals from my tax deferred (TIAA) account. I accumulate excess income some months in my smallish taxable account, all in VTSAX. Leif just responded with a nice summary of his appr...
by RustyShackleford
Tue Aug 07, 2018 12:36 pm
Forum: Investing - Help with Personal Investments
Topic: keep cash in after-tax for bridge to Social Security ?
Replies: 33
Views: 3002

Re: keep cash in after-tax for bridge to Social Security ?

... or game the system by buying something that's similar enough but not "substantially identical". The is very common in TLH. You may sell TSM and buy S&P500 for example. What would bother me is moving more equities into my tax deferred. As I look to RMDs I want the higher expected return assets o...
by RustyShackleford
Sun Jul 29, 2018 1:50 pm
Forum: Investing - Help with Personal Investments
Topic: keep cash in after-tax for bridge to Social Security ?
Replies: 33
Views: 3002

Re: keep cash in after-tax for bridge to Social Security ?

After selling those taxable stocks at low prices, you then use some of the cash/CDs/whatever in tax-deferred to buy an equal amount of stock there, at those same low prices. No net loss. One problem with this strategy ... If, as seems likely, there's a major correction sometime between now and when...
by RustyShackleford
Fri Jul 27, 2018 12:14 pm
Forum: Investing - Help with Personal Investments
Topic: keep cash in after-tax for bridge to Social Security ?
Replies: 33
Views: 3002

Re: keep cash in after-tax for bridge to Social Security ?

But the sale of the equities (whether I buy them back in tax-deferred or not) generates LTCGs that eat into the 15% tax bracket that I'm utilizing to Roth-convert as much as possible before I hit RMDs. Isn't the same true for your CD earnings? Well, if I keep $40,000 worth of cash in taxable for ne...
by RustyShackleford
Fri Jul 27, 2018 12:01 pm
Forum: Investing - Help with Personal Investments
Topic: keep cash in after-tax for bridge to Social Security ?
Replies: 33
Views: 3002

Re: keep cash in after-tax for bridge to Social Security ?

Recommend you annuitize a portion of your TIAA holdings now rather than waiting further. Why ? Excessive cash holdings are greatly overrated, I think, but people have individual styles and risk tolerance, so I understand that. It's not for risk tolerance. It's simply how best to do this "bridge" un...
by RustyShackleford
Fri Jul 27, 2018 11:54 am
Forum: Investing - Help with Personal Investments
Topic: keep cash in after-tax for bridge to Social Security ?
Replies: 33
Views: 3002

Re: keep cash in after-tax for bridge to Social Security ?

22twain wrote:
Fri Jul 27, 2018 6:46 am
After selling those taxable stocks at low prices, you then use some of the cash/CDs/whatever in tax-deferred to buy an equal amount of stock there, at those same low prices. No net loss.
Yeah, same as "Angst" said above.
by RustyShackleford
Fri Jul 27, 2018 1:38 am
Forum: Investing - Help with Personal Investments
Topic: keep cash in after-tax for bridge to Social Security ?
Replies: 33
Views: 3002

Re: keep cash in after-tax for bridge to Social Security ?

Look at your portfolio in its entirety: If you need money, sell equity in taxable and simultaneously use "cash" in tax-deferred to buy back equity. You're right, that protects me from having to sell equities low because I have nothing else in taxable. But the sale of the equities (whether I buy the...
by RustyShackleford
Thu Jul 26, 2018 5:24 pm
Forum: Investing - Help with Personal Investments
Topic: keep cash in after-tax for bridge to Social Security ?
Replies: 33
Views: 3002

Re: keep cash in after-tax for bridge to Social Security ?

I've setup cash and CDs to last me until 70 when SS and RMDs kick in. Just as you are thinking. Great minds think alike :-) . No one else here seems to think I'm off-base either, though some object slightly to exactly how I deploy this "bridge" money. Stocks should be for investing for goals with a...
by RustyShackleford
Thu Jul 26, 2018 5:20 pm
Forum: Investing - Help with Personal Investments
Topic: keep cash in after-tax for bridge to Social Security ?
Replies: 33
Views: 3002

Re: keep cash in after-tax for bridge to Social Security ?

Wouldn't you, at least, put this into a CD ladder going out the five years? With interest rates headed upwards, I think I'm better off just buying 1yr ones. For example, looking at Vanguards chart of fixed-income yields (https://personal.vanguard.com/us/FixedIncomeHome), a 5yr Treasury is earning o...
by RustyShackleford
Thu Jul 26, 2018 5:16 pm
Forum: Investing - Help with Personal Investments
Topic: keep cash in after-tax for bridge to Social Security ?
Replies: 33
Views: 3002

Re: keep cash in after-tax for bridge to Social Security ?

Given your chosen strategy, I wouldn't move the cash elsewhere -- but I would be nervous about 5 years of inflation taking some of that value. You don't say what you're making on those short-term CDs, but I doubt they stay even in real terms. Perhaps some inflation-protected securities or short-ter...
by RustyShackleford
Thu Jul 26, 2018 5:14 pm
Forum: Investing - Help with Personal Investments
Topic: keep cash in after-tax for bridge to Social Security ?
Replies: 33
Views: 3002

Re: keep cash in after-tax for bridge to Social Security ?

I didn't realize this went against conventional wisdom. Come to think of it, where else would you even hold the cash for this purpose? When I've presented my portfolio here, people have objected to my holding CDs and such in after-tax, because the interest/dividends are ordinary income. They've wan...
by RustyShackleford
Thu Jul 26, 2018 2:17 pm
Forum: Investing - Help with Personal Investments
Topic: keep cash in after-tax for bridge to Social Security ?
Replies: 33
Views: 3002

keep cash in after-tax for bridge to Social Security ?

I am 65-1/2yo, retired, and plan to take Social Security at age 70. Currently I have almost enough cash (and cash equivalents like short-term CDs) to last me until then. SS will almost meet my living expenses - and by annuitizing a TIAA-CREF account, also planned at age70, I will be there - so my ot...
by RustyShackleford
Mon Jun 25, 2018 11:58 am
Forum: Personal Consumer Issues
Topic: Recommendations for ice machine
Replies: 22
Views: 1994

Re: Recommendations for ice machine

I'm a bit ice fan too (and recently gave blood and they said nothing about anemia). When we recently remodeled our kitchen, I was up for getting a "clear ice" maker, until I saw how expensive they were (and wife was not psyched about the space required). Main reason was experience with the ice from ...
by RustyShackleford
Tue Jun 19, 2018 4:57 pm
Forum: Investing - Theory, News & General
Topic: Is individual Bonds better than Bond Fund?
Replies: 58
Views: 5297

Re: Is individual Bonds better than Bond Fund?

This is probably a matter that should get this thread locked, as violating the rules against religious discussions :-) People in these forums, who I believe are smarter than me about these matters, believe that bond funds are just fine, and a lot simpler than individual bonds. I personally like know...
by RustyShackleford
Thu May 31, 2018 6:35 pm
Forum: Personal Consumer Issues
Topic: Recommend new TV for 93 year old lady
Replies: 28
Views: 2145

Re: Recommend new TV for 93 year old lady

Watty wrote:
Thu May 31, 2018 2:34 pm
It will vary a bit by the model but there are straps and fasteners that you can use to help secure the TV.
Or mount it on the wall, which also makes it a lot harder for the casual burglar to steal.
by RustyShackleford
Thu May 31, 2018 12:43 pm
Forum: Personal Consumer Issues
Topic: Splurging on the NBA finals
Replies: 56
Views: 5439

Re: Splurging on the NBA finals

Not to rain on your parade, or be partisan, but I don't think the series is going to be very competitive. Probably 5 games, maybe a sweep. Plus, I find I can see a game WAY better on TV (with the commentary, closeups, replays). Probably all the more reason to go to game 1! Spend money on experience...
by RustyShackleford
Thu May 31, 2018 12:39 pm
Forum: Personal Consumer Issues
Topic: Splurging on the NBA finals
Replies: 56
Views: 5439

Re: Splurging on the NBA finals

My son and I have had a friendly debate over the GOAT. I argued Jordan. He argued LeBron. After the game Sunday, I conceded that he was right. Oh no, the Michael versus Lebron debate reaches the Bogleheads !!! I still stick with Jordan. A perfect Finals record. The highest scoring playoff performan...
by RustyShackleford
Thu May 31, 2018 12:31 pm
Forum: Personal Consumer Issues
Topic: Splurging on the NBA finals
Replies: 56
Views: 5439

Re: Splurging on the NBA finals

Not to rain on your parade, or be partisan, but I don't think the series is going to be very competitive. Probably 5 games, maybe a sweep. Plus, I find I can see a game WAY better on TV (with the commentary, closeups, replays).
by RustyShackleford
Thu May 31, 2018 12:28 pm
Forum: Personal Consumer Issues
Topic: Recommend new TV for 93 year old lady
Replies: 28
Views: 2145

Re: Recommend new TV for 93 year old lady

I would avoid Sony Bravia TV (or any that use Android). The picture is stunning, but I've spent hours hassling with the settings and such. There's a 400+ page owners' thread at avsforums of just people trying to figure their TVs out. I like Android phones, but the implementation on the TVs is a stea...
by RustyShackleford
Thu May 31, 2018 12:25 pm
Forum: Personal Consumer Issues
Topic: Citi Slashes Card Benefits at least on Double Cash cards
Replies: 27
Views: 3407

Re: Citi Slashes Card Benefits at least on Double Cash cards

bob60014 wrote:
Wed May 30, 2018 7:24 pm
The things eliminated are fluff that most users never use.
The change to the rental car benefit ? I imagine if you bend a rental car, their charge to you for loss of use could be pretty substantial.
by RustyShackleford
Thu May 31, 2018 12:19 pm
Forum: Personal Consumer Issues
Topic: Enterprise vs Avis
Replies: 43
Views: 3064

Re: Enterprise vs Avis

In addition to generally having the best prices for my travel (esp. when I return the car to a different location), Enterprise has repeatedly gone above and beyond the call of duty for me. 1. Rented a car for a river-rafting trip. The problem is, you get a shuttle service to move your car from the p...
by RustyShackleford
Tue May 22, 2018 3:29 pm
Forum: Personal Finance (Not Investing)
Topic: both spouses not wait for SS ?
Replies: 26
Views: 3487

Re: both spouses not wait for SS ?

But while she's still working, even half-time and still making $70K+/yr, the spousal benefit would be extremely reduced That only true until she reaches her full retirement age. Once she gets to FRA, she can earn whatever she likes without reducing her spousal benefit. True, but when she reaches FR...
by RustyShackleford
Tue May 22, 2018 1:32 pm
Forum: Personal Finance (Not Investing)
Topic: both spouses not wait for SS ?
Replies: 26
Views: 3487

Re: both spouses not wait for SS ?

I might try one of these calculators someday, but I'm becoming pretty convinced that it makes no sense to do anything until DW retires or reaches FRA - see reasoning below. And since it makes no sense (for us, at least, since she's so high-earning) to let the social security tail wag the retirement-...
by RustyShackleford
Sun May 20, 2018 4:03 pm
Forum: Investing - Theory, News & General
Topic: Why is Vanguard switching all accounts to brokerage accounts?
Replies: 90
Views: 17176

Re: Why is Vanguard switching all accounts to brokerage accounts?

The amount of paper is choking me. Where I kept the December statement showing all activity for the year for each account I now have monthly or quarterly statements for them. Yeah, it's crazy and stupid. I imagine there are federal regs requiring that frequency of statements for brokerage accounts,...
by RustyShackleford
Sun May 20, 2018 3:10 pm
Forum: Personal Finance (Not Investing)
Topic: both spouses not wait for SS ?
Replies: 26
Views: 3487

Re: both spouses not wait for SS ?

The calculators mentioned can reasonably quickly allow you to compare many future possibilities and their results. The only calculator I see mentioned here is maximizemysocialsecurity ($40/yr, but well worth it if it's as good as they claim). Is there another you recommend, or does it do what sugge...
by RustyShackleford
Sun May 20, 2018 12:41 am
Forum: Personal Finance (Not Investing)
Topic: both spouses not wait for SS ?
Replies: 26
Views: 3487

Re: both spouses not wait for SS ?

It isn't clear to me if either of you are still working because you said, "I guess the downside is she will only get the age 64 benefit, ever, unless she's still working when she reaches FRA." I am doing working, for good (hopefully). She is still working, part-time, probably still will be when I r...
by RustyShackleford
Sun May 20, 2018 12:38 am
Forum: Personal Finance (Not Investing)
Topic: both spouses not wait for SS ?
Replies: 26
Views: 3487

Re: both spouses not wait for SS ?

smitcat wrote:
Sat May 19, 2018 8:32 pm
In many cases optimizing your total spendable income will lead to a different solution that just taking into consideration SS.
Why ? Other than the second-order effects of taxes ?
by RustyShackleford
Sat May 19, 2018 5:50 pm
Forum: Personal Finance (Not Investing)
Topic: both spouses not wait for SS ?
Replies: 26
Views: 3487

Re: both spouses not wait for SS ?

A couple of corrections/observations. If she files in January of 2019 when you reach FRA she will be 64 and 1 month old. Her birth year is 1954 so her FRA is age 66, as is yours. Her benefit at 64 years 1 month of age in January of 2019 will be reduced for filing before her FRA. Her benefit will be...
by RustyShackleford
Fri May 18, 2018 11:40 pm
Forum: Personal Finance (Not Investing)
Topic: both spouses not wait for SS ?
Replies: 26
Views: 3487

Re: both spouses not wait for SS ?

So she was not yet 62 on January 1, 2016 ... No, she wasn't. I was born in Jan 1953, she in Dec 1954. When you reach 66 (FRA), she can start her social security and you can do a restricted application. For four years you'll get her benefit plus half for you. At 70 you can start your higher benefit....
by RustyShackleford
Fri May 18, 2018 6:25 pm
Forum: Personal Finance (Not Investing)
Topic: both spouses not wait for SS ?
Replies: 26
Views: 3487

both spouses not wait for SS ?

I have been puzzling over this article for awhile, but I can't decide if it applies to me and DW: https://www.kitces.com/blog/why-it-rarely-pays-for-both-spouses-to-delay-social-security-benefits/ The key seems to be "the ideal strategy for most couples is for the higher-earning spouse to delay as l...
by RustyShackleford
Mon May 07, 2018 2:00 pm
Forum: Personal Finance (Not Investing)
Topic: Medicare Advantage vs. Supplemental
Replies: 77
Views: 8227

Re: Medicare Advantage vs. Supplemental

This " home physical" practice had puzzled me from the outset...it appears that a $300 - $400 house call can often produce thousands of dollars of additional revenue for the MA plan if they can raise the "risk score" of the covered party. My lord, are there any depths of crass greed to which our tw...
by RustyShackleford
Mon May 07, 2018 1:58 pm
Forum: Personal Finance (Not Investing)
Topic: Medicare Advantage vs. Supplemental
Replies: 77
Views: 8227

Re: Medicare Advantage vs. Supplemental

... the often-asked but never adequately answered question regarding the ability to switch back if the participant later became dissatisfied with the MA plan. The frequently-recommended book "Medicare for Dummies" has a fairly unequivocal list (p. 194 of the 3rd edition), the most important, for ma...
by RustyShackleford
Mon Apr 16, 2018 1:41 pm
Forum: Personal Consumer Issues
Topic: What Movie Have You Recently Watched?
Replies: 3726
Views: 1065373

Re: What Movie Have You Recently Watched?

Dunkirk: Unlike the majority, I thought it was terrible. I agree. Laughable, really. Just so much stupid stuff. Maybe the worst was the grounded boat that the soldiers took refuge in, and when it started to float, they somehow decided that ONE guy getting off would mean the difference between it fl...
by RustyShackleford
Sun Apr 15, 2018 9:36 pm
Forum: Personal Consumer Issues
Topic: What Movie Have You Recently Watched?
Replies: 3726
Views: 1065373

Re: What Movie Have You Recently Watched?

Dunkirk: Unlike the majority, I thought it was terrible. I agree. Laughable, really. Just so much stupid stuff. Maybe the worst was the grounded boat that the soldiers took refuge in, and when it started to float, they somehow decided that ONE guy getting off would mean the difference between it fl...
by RustyShackleford
Wed Apr 04, 2018 11:26 am
Forum: Personal Consumer Issues
Topic: compression sack for sleeping bag, help with calculations please
Replies: 42
Views: 3584

Re: compression sack for sleeping bag, help with calculations please

Please don't use a compression stuff sack, it can permanently reduce the loftiness of the bag, thereby reducing it's warmth. I agree. If you need a compression sack, you need to carry less stuff or get a bigger pack. Also, they tend to be kinda heavy, with all the straps and stuff. IMHO, these are ...
by RustyShackleford
Tue Feb 20, 2018 7:35 pm
Forum: Investing - Theory, News & General
Topic: why Vanguard short-term bond instead of CD
Replies: 31
Views: 4488

Re: why Vanguard short-term bond instead of CD

welderwannabe wrote:
Tue Feb 20, 2018 7:31 pm
Don't rule out buying TBills and 2 year Treasuries. The yields lately have been close or better than brokered CDs depending on term.
Bingo ! Unfortunately I'm looking at my Roth now, so the tax break doesn't help me. But I still elected to put this money into a T-Bill.
by RustyShackleford
Tue Feb 20, 2018 7:33 pm
Forum: Investing - Theory, News & General
Topic: why Vanguard short-term bond instead of CD
Replies: 31
Views: 4488

Re: why Vanguard short-term bond instead of CD

Retail? CDs like from ally bank can offer some advantages as often the penalty to break them is much smaller than the benefit of investing in a higher yielding CD. Right now, bankrate is only showing a wee bit higher than the T-Bill I just bought with 2.1% YTM maturing a year from now (which was ac...
by RustyShackleford
Tue Feb 20, 2018 7:25 pm
Forum: Investing - Theory, News & General
Topic: why Vanguard short-term bond instead of CD
Replies: 31
Views: 4488

Re: why Vanguard short-term bond instead of CD

You buy a CD with a 2% yield. The day after inflation spikes to 3% and rates jump to 4%. You have lost money. Not unless I sell the CD. Similarly, the fund's share price will go down and I'll lose money if I sell it. No, you have lost money. The market has moved against you and you have a loss. The...