Why bitter? You knew sick days would not be paid for, didn't you?
TravelforFun
Why bitter? You knew sick days would not be paid for, didn't you?
Correct! One of bogleheads' goals should be never having to file for Medicaid.
12/31/2023 was a Sunday and 1/1/2024 was a holiday and that's why you didn't get a 1099-R for 2023. However, I think you have a great chance of getting a waiver from the IRS by submitting Form 5239 and explain what had happened (illness in the family).daehelgob123 wrote: ↑Tue Mar 19, 2024 7:12 pm My dad's health has been poor over the past few years so he made me his financial power of attorney late last year. He has a double-inherited IRA that took me a while to figure out how to calculate its RMD. I took the RMD on Dec 31 last year, but it looks like Vanguard's "Settlement date" was Jan 3, 2024. Is that while Vanguard didn't issue a 1099-R? Is this RMD considered late? If so, do I need to complete Form 5329 for my dad's taxes?
$1,000 a year for DMV or registration? That's crazy! What part of the country are you in? I'm in TX and it's $75.PottedPlant wrote: ↑Fri Mar 15, 2024 2:48 am We bought as new car in November 2022. It replaced a 2007 car.
We drive 2500 miles/year.
Annual costs right now are:
$1000 DMV
$3000 Insurance
$5000 Depreciation (linear $50K over 10 years)
Yes, $3.67/mile is crazy.
But we want the convenience and we had the money for the new car.
How is it different from other insurance? I have LTCi but hope I never have to use it just like I wouldn't want to use my home, car, or life insurance.hudson wrote: ↑Fri Mar 15, 2024 6:16 pmI've looked at quotes a number of times; I never saw a good deal that fit my budget.martincmartin wrote: ↑Thu Jan 27, 2022 8:11 am
So I'm torn between getting it or trying to self insure.
How have others approached this decision? Any way to think about it to help me?
To me, it's not insurance, it's a pre-payment for something that you may never use.
You serious? If you got to go back to your 20s and knowing what you know now, you wouldn't change a thing?
If I had to guess then yes; and there is nothing wrong with investing a small % of your asset in AI related stocks. FOMO got me buy Super Micro Computer (SMCI) this year and Bitcoins a few years back.LaurenRose wrote: ↑Mon Feb 26, 2024 1:09 pm Can AI bring anything more - from a financial perspective - than the internet did when it was in its growth era?
The point of my post is that some people only have original Medicare plan and to me, that's a huge mistake.TheEleven wrote: ↑Thu Mar 07, 2024 6:42 pmOriginal Medicare with a supplement plan such as Plan G has a max out of pocket of your yearly deductible, currently about $240. You could say it's true that there is no annual out of pocket maximum because you are 100% covered on all costs, except for that deductible.TravelforFun wrote: ↑Thu Mar 07, 2024 6:18 pm Why would anyone consider original Medicare? There is no annual maximum out of pocket cost and hence, your exposure is unlimited. Get Medicare Advantage or Medigap.
TravelforFun
Right, but some people only sign up for original Medicare and that's the point of my post.retiredjg wrote: ↑Thu Mar 07, 2024 7:31 pmYou cannot have a Medigap plan (a Medicare supplement) without being on original Medicare. It is the combination of the two that limits your exposure.TravelforFun wrote: ↑Thu Mar 07, 2024 6:18 pm Why would anyone consider original Medicare? There is no annual maximum out of pocket cost and hence, your exposure is unlimited. Get Medicare Advantage or Medigap.
Have a great partner
I have a 2023 Tesla Model Y with 3rd row and the two seats on that row are almost useless. Close to 0 legroom.
Did something happen that caused you to stop? I've been riding my e-bike for about three years now anytime I need to go somewhere within 10 miles from my home which is in a one-million-population city with just a few miles of exclusive bike lanes. I wear a helmet and a reflective vest, have rear view mirrors, and front and back light; and use the bike feature on Google Maps to map my routes. I feel safe riding my bike.
It all boils down to money.H-Town wrote: ↑Thu Feb 22, 2024 11:22 amIf they pay even less than they paid me last year + 10% COL, then I'm gone. No hesitation. Not even saying goodbyeTravelforFun wrote: ↑Thu Feb 22, 2024 11:04 amWhen I hear my friends saying the reason they're still working even when they're at retirement age and can afford to retire is because they love their job, boss, coworkers, etc; I would ask, 'would you continue to go in if they didn't pay you?' Then cricket.
TravelforFun
When I hear my friends saying the reason they're still working even when they're at retirement age and can afford to retire is because they love their job, boss, coworkers, etc; I would ask, 'would you continue to go in if they didn't pay you?' Then cricket.
I don't recall seeing the question in bold. If there was that question and I clicked 'Yes', I should be ok then but got to go back and look.
Thanks for the link.vnatale wrote: ↑Sun Feb 18, 2024 5:54 pmAccording to this ... both are taxed:TravelforFun wrote: ↑Fri Feb 16, 2024 10:53 pmSame here in TX and that’s why I need the receipt showing labor and material costs.
TravelforFun
https://www.ferkeybuilders.com/differen ... of%20Texas.
"The sales tax rate in Texas is 6.25%, and this tax is imposed on the sale of all construction materials and services."
If true, then your sales tax would have been $152,000 X (.0625/1.0625) or $8,941 (6.25% of $143,059).
Right!toddthebod wrote: ↑Fri Feb 16, 2024 10:06 pmIt sounds like he wants to deduct the taxes he paid which would fall under the SALT deduction.
Don't look for the needle, buy the whole haystack.
This is not correct. Lower earning spouse can file for their own benefits at 62 then file for spousal at their full retirement age after the other spouse files.suemarkp wrote: ↑Sun Feb 04, 2024 11:19 amNot anymore. That used to work, but they took it away. If you are in your early 60s now, that window has closed.pyesquared wrote: ↑Thu Feb 01, 2024 2:55 pm It was that openSS site that gave me awareness that a lower earning spouse can file early on their own record and switch to the higher earning spousal record when they finally file. This way you can get some income while allowing the larger account payment to grow.
For OP, it is generally better for the lower earning spouse to file at 62 unless they are still working. But run your situation through opensocialsecurity to verify.
24% more in monthly payments (67 to 70). I took it 70 mainly because of survival benefits for my wife.stan1 wrote: ↑Sun Feb 04, 2024 8:42 pm Anecdotal but several of my friends who have had heart attack(s) are going ahead and taking their SS at 67 not waiting until 70 even if they have good medical care and do their best to be healthy. It's not that much more to wait, and they have to live a lot longer to take advantage of it.