Search found 83 matches

by winski58
Sun Dec 31, 2017 12:22 pm
Forum: Investing - Help with Personal Investments
Topic: Distributed Ledger/Blockchain Technology
Replies: 6
Views: 670

Distributed Ledger/Blockchain Technology

I am considering an investment in Distributed Ledger/Blockchain Technology after extensive research. There are currently at least 2 Blockchain ETF's that are a awaiting approval from the SEC. Any others interested in this new and promising technology?
by winski58
Tue Dec 26, 2017 3:17 pm
Forum: Investing - Help with Personal Investments
Topic: ETF Expense Ratio = to $0.00
Replies: 12
Views: 1331

Re: ETF Expense Ratio = to $0.00

neilpilot wrote:
Tue Dec 26, 2017 3:13 pm
They charge a management fee of 0.75% (PLUS APPLICABLE SALES TAX)

https://www.horizonsetfs.com/hmmj
So I was apparently incorrect in assuming all fees were included in the Expense Ratio?
by winski58
Tue Dec 26, 2017 3:13 pm
Forum: Investing - Help with Personal Investments
Topic: ETF Expense Ratio = to $0.00
Replies: 12
Views: 1331

Re: ETF Expense Ratio = to $0.00

winski58 wrote:
Tue Dec 26, 2017 3:03 pm
livesoft wrote:
Tue Dec 26, 2017 2:48 pm
Only after you state the ticker symbol. :)

Maybe they borrow shares and lend them out
HMMJ
Should have stated as 0%. (Yahoo Finance)
by winski58
Tue Dec 26, 2017 3:03 pm
Forum: Investing - Help with Personal Investments
Topic: ETF Expense Ratio = to $0.00
Replies: 12
Views: 1331

Re: ETF Expense Ratio = to $0.00

livesoft wrote:
Tue Dec 26, 2017 2:48 pm
Only after you state the ticker symbol. :)

Maybe they borrow shares and lend them out
HMMJ
by winski58
Tue Dec 26, 2017 2:42 pm
Forum: Investing - Help with Personal Investments
Topic: ETF Expense Ratio = to $0.00
Replies: 12
Views: 1331

ETF Expense Ratio = to $0.00

I am researching an ETF on the Toronto Exchange with a net expense ratio of $0.00. This makes no sense. Could someone explain.
by winski58
Tue Nov 14, 2017 3:35 pm
Forum: Personal Finance (Not Investing)
Topic: "Unsuspending" Social Security Benefits
Replies: 27
Views: 4905

Re: "Unsuspending" Social Security Benefits

The key point here is whether or not the person has filed. If you haven't filed for benefits by 70, they don't start automatically. Conversely, if you did file -- but you have suspended your benefits -- they will unsuspend automatically at 70. Regarding automatic retroactive filing: For a person fi...
by winski58
Tue Nov 14, 2017 1:59 pm
Forum: Personal Finance (Not Investing)
Topic: "Unsuspending" Social Security Benefits
Replies: 27
Views: 4905

Re: "Unsuspending" Social Security Benefits

The key point here is whether or not the person has filed. If you haven't filed for benefits by 70, they don't start automatically. Conversely, if you did file -- but you have suspended your benefits -- they will unsuspend automatically at 70. Regarding automatic retroactive filing: For a person fi...
by winski58
Mon Nov 13, 2017 2:36 pm
Forum: Personal Finance (Not Investing)
Topic: Joint Account Question
Replies: 4
Views: 694

Joint Account Question

My credit union has a "Payable upon Death" option but not a "Beneficiary Option." In order to do the the POD will require that I open a new account and transfer my checking and money market accounts to the newly established account because I have a "line of credit" in my existing account. Instead of...
by winski58
Sat Sep 09, 2017 1:45 pm
Forum: Personal Finance (Not Investing)
Topic: Anyone else freeze their credit score?
Replies: 126
Views: 13949

Re: Anyone else freeze their credit score?

Just froze Experian, TransUnion and Equifax this morning and there was no charge. Does this mean my credit has been breached?
by winski58
Tue Jun 27, 2017 5:08 pm
Forum: Personal Finance (Not Investing)
Topic: Federal Retiree Health Care with/Medicare
Replies: 209
Views: 19667

Re: Federal Retiree Health Care with/Medicare

DW and I have been enrolled with BCBS Basic for more than 25 years and are enrolled with Aetna Direct and added Part B, effective July 1,2017. Premiums DW $1608 (Part B premium) ME $2251 (Part B premium - penalty for late enrollment at age 69) Aetna Direct $3158 Subtotal $7,017 Aetna Reimb. $1,800 (...
by winski58
Mon Jun 26, 2017 9:53 am
Forum: Personal Finance (Not Investing)
Topic: RMD and Annuity Life Expectancy Tables
Replies: 6
Views: 1139

Re: RMD and Annuity Life Expectancy Tables

Are the same Life Expectancy Tables used for both RMD and Annuity Exclusion Ratio calculations? No. Life expectancy for required distributions is slightly longer than for annuities. This is because people who buy annuities are self selected as people who expect to live a longer than average life. R...
by winski58
Sun Jun 25, 2017 9:05 pm
Forum: Personal Finance (Not Investing)
Topic: RMD and Annuity Life Expectancy Tables
Replies: 6
Views: 1139

RMD and Annuity Life Expectancy Tables

Are the same Life Expectancy Tables used for both RMD and Annuity Exclusion Ratio calculations?
by winski58
Fri Jun 23, 2017 5:11 pm
Forum: Personal Finance (Not Investing)
Topic: TSP Question
Replies: 12
Views: 2143

Re: TSP Question

Yes, you can do a partial withdrawal and then later set up monthly payments to cover your RMDs. You can also withdraw your entire remaining balance at any time after you start the monthly payments. What you cannot do is take a partial lump sum withdrawal and then a second partial lump sum withdrawa...
by winski58
Fri Jun 23, 2017 2:03 pm
Forum: Investing - Help with Personal Investments
Topic: TIAA Traditional or G Fund
Replies: 10
Views: 884

Re: TIAA Traditional or G Fund

Thanks for your input. I should not have assumed responders knowledge relating to the restricted nature of TSP withdrawals. And my rational was to use ALLY as a temporary vehicle to fund expenses over the next three years and also to convert some of the surplus to a Roth and use as an emergency fund...
by winski58
Thu Jun 22, 2017 8:23 pm
Forum: Investing - Help with Personal Investments
Topic: TIAA Traditional or G Fund
Replies: 10
Views: 884

Re: TIAA Traditional or G Fund

Sorry, I should have mentioned that this rollover is considerably more than we need per year to supplement expenses. Plan is to start converting the surplus to a ROTH or withdraw from the IRA to taxable funds used for emergencies and play money in the future. Trying to avoid the social security tax ...
by winski58
Thu Jun 22, 2017 7:59 pm
Forum: Investing - Help with Personal Investments
Topic: TIAA Traditional or G Fund
Replies: 10
Views: 884

Re: TIAA Traditional or G Fund

ALLY IRA CDs and Savings.
by winski58
Thu Jun 22, 2017 7:47 pm
Forum: Investing - Help with Personal Investments
Topic: TIAA Traditional or G Fund
Replies: 10
Views: 884

TIAA Traditional or G Fund

We will be doing a partial rollover used to help fund our budget over the next three years that will allow my DW to delay social security until 70. We have 2 options, TIAA Traditional liquid account or TSP G-Fund. We are leaning toward the G-Fund as the return is currently 2.25% vs TIAA Traditional ...
by winski58
Tue Jun 20, 2017 4:54 pm
Forum: Personal Finance (Not Investing)
Topic: TSP Question
Replies: 12
Views: 2143

Re: TSP Question

Yes, you can do a partial withdrawal and then later set up monthly payments to cover your RMDs. You can also withdraw your entire remaining balance at any time after you start the monthly payments. What you cannot do is take a partial lump sum withdrawal and then a second partial lump sum withdrawa...
by winski58
Tue Jun 20, 2017 3:08 pm
Forum: Personal Finance (Not Investing)
Topic: TSP Question
Replies: 12
Views: 2143

TSP Question

I am turning 70 in December and plan to transfer/rollover a portion of my TSP account to an IRA Traditional account this fall. I was told by a TSP customer service rep. that this can be done via a TSP-77 form. He also stated that only one partial distribution is allowed and the remaining balance mus...
by winski58
Mon Jun 19, 2017 7:39 pm
Forum: Investing - Help with Personal Investments
Topic: Roth Conversion Tax Payments
Replies: 8
Views: 1142

Re: Roth Conversion Tax Payments

Can the tax payments for the RMD be spread over 4 quarters if the total RMD is distributed to the checking account in January?
by winski58
Mon Jun 19, 2017 5:51 pm
Forum: Investing - Help with Personal Investments
Topic: Roth Conversion Tax Payments
Replies: 8
Views: 1142

Roth Conversion Tax Payments

Consider the following: RMD from 401k for 2018 divided by 12 and distributed on the 15th of every month from January thru December to checking account. Additional amount transferred via ROTH conversion in December 2018. Total income tax calculated via TaxCaster for projected income, including RMD (b...
by winski58
Mon Jun 19, 2017 9:07 am
Forum: Personal Finance (Not Investing)
Topic: Income Tax Calculation?
Replies: 18
Views: 2817

Re: Income Tax Calculation?

I just entered (using TaxCaster) $20,000 in long-term capital gains/qualified dividends instead of taking an extra $20,000 from 401k and the tax is $7,154. So selling a few shares from my after-tax mutual fund appears to be a much better strategy. Is this because a long-term capital gain or stock qu...
by winski58
Sun Jun 18, 2017 4:21 pm
Forum: Personal Finance (Not Investing)
Topic: Income Tax Calculation?
Replies: 18
Views: 2817

Re: Income Tax Calculation?

The additional 20K distribution will cause more of your SS to be subject to taxation and therefore your AGI and taxable income go up by more than $20K. More explanation here: https://www.kitces.com/blog/the-taxation-of-social-security-benefits-as-a-marginal-tax-rate-increase/ Thanks...This may chan...
by winski58
Sun Jun 18, 2017 4:00 pm
Forum: Personal Finance (Not Investing)
Topic: Income Tax Calculation?
Replies: 18
Views: 2817

Income Tax Calculation?

Filing joint return. Here are the numbers: SS 62,374 RMD 30,265 Pension 4,860 Gross 97,499 Tax 4,604 (TaxCaster) SS 62,374 RMD 30,265 Distribution 20,000 Pension 4,860 Gross 117,499 Tax 10,154 (TaxCaster) Question: Why does an additional $20,000 distribution increase the total tax by so much when we...
by winski58
Thu Jun 01, 2017 1:08 pm
Forum: Personal Finance (Not Investing)
Topic: Inflation and Social Security Adjustments?
Replies: 3
Views: 655

Inflation and Social Security Adjustments?

I am trying to project via a spreadsheet our Social Security and Federal Pension COL adjustments from age 70 to 100. Also need an average projected inflation rate for the budget row. I am assuming the COL adjustments will be considerably lower than the inflation rate used in the budget row. Would li...
by winski58
Sat Jan 14, 2017 1:02 pm
Forum: Personal Finance (Not Investing)
Topic: "Unsuspending" Social Security Benefits
Replies: 27
Views: 4905

Re: "Unsuspending" Social Security Benefits

The key point here is whether or not the person has filed. If you haven't filed for benefits by 70, they don't start automatically. Conversely, if you did file -- but you have suspended your benefits -- they will unsuspend automatically at 70. Regarding automatic retroactive filing: For a person fi...
by winski58
Fri Jan 13, 2017 5:44 pm
Forum: Personal Finance (Not Investing)
Topic: "Unsuspending" Social Security Benefits
Replies: 27
Views: 4905

Re: "Unsuspending" Social Security Benefits

I just found a letter from SS when I filed and suspended at 66. Here is a quote: "As requested, we will not pay you beginning November 2013 in order to earn special credits that will increase the benefits you will receive at age 70. We will reinstate your benefits at age 70, adding the special credi...
by winski58
Fri Jan 13, 2017 10:18 am
Forum: Personal Finance (Not Investing)
Topic: "Unsuspending" Social Security Benefits
Replies: 27
Views: 4905

Re: "Unsuspending" Social Security Benefits

...or do they start automatically the month you reach age 70?
by winski58
Fri Jan 13, 2017 9:38 am
Forum: Personal Finance (Not Investing)
Topic: "Unsuspending" Social Security Benefits
Replies: 27
Views: 4905

"Unsuspending" Social Security Benefits

I suspended SS benefits at 66 and will apply (unsuspend) this year for benefits when I turn 70 in November. Can this be done online or will it require a phone call or visit to the SS office?
by winski58
Thu Dec 29, 2016 3:56 pm
Forum: Investing - Help with Personal Investments
Topic: Where is my 401K?
Replies: 8
Views: 1014

Re: Where is my 401K?

livesoft wrote:Well, Son, what are YOU going to do about this? You made it through medical school, so this should be easy to figure out.
I posted this after a casual conversation with my son and without him knowing about my request. Your sarcasm serves no purpose.
by winski58
Thu Dec 29, 2016 10:05 am
Forum: Investing - Help with Personal Investments
Topic: Where is my 401K?
Replies: 8
Views: 1014

Where is my 401K?

My son is a physician at a hospital that was recently acquired by a major health system. As of October 1, his 401k contributions were stopped. He called his 401k provider and was told that a check was sent to the new 401k provider. He called the new provider and they had no account or information in...
by winski58
Mon Oct 17, 2016 12:55 pm
Forum: Personal Finance (Not Investing)
Topic: Spousal and Delayed Credits
Replies: 3
Views: 508

Re: Spousal and Delayed Credits

thank you for your response...comforting to know!
by winski58
Mon Oct 17, 2016 11:49 am
Forum: Personal Finance (Not Investing)
Topic: Spousal and Delayed Credits
Replies: 3
Views: 508

Spousal and Delayed Credits

My wife will be 66 in February and filing a Restricted (Spousal) SS application. I am approaching 69 and delaying SS until 70. I am interested in determining her options if I died while she is drawing spousal. 1) Can she continue to draw spousal until she is 70 so that she can increase her own benef...
by winski58
Sun Nov 01, 2015 12:34 pm
Forum: Personal Finance (Not Investing)
Topic: Changes to Social Security
Replies: 477
Views: 61139

Re: Changes to Social Security

Spouse A will be 68 in Dec 2015. Spouse B will be 65 in March 2016. Spouse A filed and suspended @ FRA and will delay until 70. Spouse B was (before new law) going to file restricted and collect spousal @ FRA and start her own benefit @70. Assumption with new law: Spouse B will not be able to start...
by winski58
Sun Nov 01, 2015 11:25 am
Forum: Personal Finance (Not Investing)
Topic: Changes to Social Security
Replies: 477
Views: 61139

Re: Changes to Social Security

Spouse A will be 68 in Dec 2015. Spouse B will be 65 in March 2016. Spouse A filed and suspended @ FRA and will delay until 70. Spouse B was (before new law) going to file restricted and collect spousal @ FRA and start her own benefit @70. Assumption with new law: Spouse B will not be able to start...
by winski58
Sun Nov 01, 2015 7:13 am
Forum: Personal Finance (Not Investing)
Topic: Changes to Social Security
Replies: 477
Views: 61139

Re: Changes to Social Security

Spouse A will be 68 in Dec 2015. Spouse B will be 65 in March 2016. Spouse A filed and suspended @ FRA and will delay until 70. Spouse B was (before new law) going to file restricted and collect spousal @ FRA and start her own benefit @70. Assumption with new law: Spouse B will not be able to start ...
by winski58
Sun Jun 28, 2015 11:24 am
Forum: Personal Finance (Not Investing)
Topic: Drawing from Retirement Savings to Delay SS
Replies: 43
Views: 5914

Re: Drawing from Retirement Savings to Delay SS

1. How much of your retirement savings in percentages do you plan on depleting in order to fund your delay? 17% 2. Are you currently delaying? Yes, for six years when spouse is 70 and I am 73. 3. Will/does the performance of your portfolio change your savings withdrawal strategy? No, all funds other...
by winski58
Mon Apr 27, 2015 2:07 pm
Forum: Investing - Help with Personal Investments
Topic: Advice in Interim Strategy
Replies: 2
Views: 441

Re: Advice in Interim Strategy

thank you, Mr. Larimore.
by winski58
Mon Apr 27, 2015 10:58 am
Forum: Investing - Help with Personal Investments
Topic: Advice in Interim Strategy
Replies: 2
Views: 441

Advice in Interim Strategy

My wife and I will be retired as of June 2015. She is 67 and I am 64. Our plan is to draw down $140,000 of our IRA over the next 6 years. This will allow both of us to draw the maximum Social Security amount at age 70. Our IRA balance is $850,000 invested in TSP GFund, TIAA Traditional and $140,000 ...
by winski58
Wed Jan 21, 2015 3:19 pm
Forum: Personal Consumer Issues
Topic: The "Less Than" a Million $ Club
Replies: 73
Views: 14379

Re: The "Less Than" a Million $ Club

This is a tricky question and club. At the start of retirement two years ago, I "transitioned" a portion of my investible assets into a lifetime annuity with COLA pension-like characteristics. Once I start SS in a few years, my retirement income should be well in excess of my "needs." So whether my...
by winski58
Wed Jan 21, 2015 12:09 pm
Forum: Investing - Theory, News & General
Topic: "When you've won the game, stop playing"
Replies: 83
Views: 13078

Re: "When you've won the game, stop playing"

Bill, My wife and I will be retired this year. Our plan is to delay SS until we are 70. (she will claim spousal benefits while I collect full benefits for about 3 years) We will be drawing down our investments for the next 6 years and all funds will be allocated to no risk categories. We will shift ...
by winski58
Sun Dec 21, 2014 9:11 am
Forum: Personal Consumer Issues
Topic: What makes you happy in life?
Replies: 29
Views: 3549

Re: What makes you happy in life?

Being in the moment.
by winski58
Thu Nov 27, 2014 9:18 pm
Forum: Personal Finance (Not Investing)
Topic: Estimating & Paying Taxes Jointly?
Replies: 9
Views: 1091

Re: Estimating & Paying Taxes Jointly?

Got it...thanks all.
by winski58
Thu Nov 27, 2014 9:09 pm
Forum: Personal Finance (Not Investing)
Topic: Estimating & Paying Taxes Jointly?
Replies: 9
Views: 1091

Re: Estimating & Paying Taxes Jointly?

CABob wrote:Have you considered getting a late in the year withdrawal from your IRA and taking tax withholding from it? This would alleviate making the estimated quarterly payments.
I believe the IRS requires quarterly payments or imposes a penalty.
by winski58
Thu Nov 27, 2014 11:47 am
Forum: Personal Finance (Not Investing)
Topic: Estimating & Paying Taxes Jointly?
Replies: 9
Views: 1091

Re: Estimating & Paying Taxes Jointly?

Just found this: "With all the benefits of electronic payments, it’s almost a no-brainer to sign up. Thankfully, setup and execution are easy (the entire process should take less than 10 minutes). Before you start you will need to gather your financial information including your Taxpayer Identificat...
by winski58
Thu Nov 27, 2014 10:02 am
Forum: Personal Finance (Not Investing)
Topic: Estimating & Paying Taxes Jointly?
Replies: 9
Views: 1091

Estimating & Paying Taxes Jointly?

My wife and I will be taking distributions in 2015 from her IRA and from my 401K. Our plan is to use the EFTPS to make the quarterly payments. We will be filing a joint return. My question is: Do we need to calculate our tax payments separately and submit 2 payments (via EFTPS) each quarter? Does th...
by winski58
Thu Nov 13, 2014 6:48 pm
Forum: Personal Finance (Not Investing)
Topic: Home Equity Loan Interest Paymant Calculation
Replies: 6
Views: 628

Re: Home Equity Loan Interest Paymant Calculation

Received a call back from the credit union and they said that prepayments are treated as regular payments and not principal reductions unless they are entered as principal reductions . If prepayments are not entered as principal reductions, they process them as payments in the appropriate future mon...
by winski58
Wed Nov 12, 2014 4:40 pm
Forum: Personal Finance (Not Investing)
Topic: Home Equity Loan Interest Paymant Calculation
Replies: 6
Views: 628

Re: Home Equity Loan Interest Paymant Calculation

I am awaiting a return call from the credit union.
by winski58
Wed Nov 12, 2014 2:25 pm
Forum: Personal Finance (Not Investing)
Topic: Home Equity Loan Interest Paymant Calculation
Replies: 6
Views: 628

Home Equity Loan Interest Paymant Calculation

Shouldn't my Credit Union be subtracting additional payments directly from the principal and not charging interest for those over-payments if they are made within the same month? (payment cycle)
by winski58
Mon Oct 06, 2014 3:46 pm
Forum: Investing - Help with Personal Investments
Topic: Vanguard Brokerage Account for TIPS purchase?
Replies: 6
Views: 956

Vanguard Brokerage Account for TIPS purchase?

My wife and I are thinking about opening Vanguard brokerage accounts. Our initial plan is to sell some of the mutual funds in our existing Vanguard Roth and Traditional IRA's to purchase TIPS - But want to make sure we understand the ramifications. Please comment/clarify the following assumptions/qu...