Search found 1602 matches

by Katietsu
Tue Nov 13, 2018 10:49 pm
Forum: Investing - Help with Personal Investments
Topic: Army Veteran here in need of help with an annuity builder problem.
Replies: 3
Views: 389

Re: Army Veteran here in need of help with an annuity builder problem.

Ok. I am not familiar with this product but I read their brochure. Since no one has answered you, I will give it a shot. I suspect you are correct about having a $0 cash value for the life insurance. Even it it is not $0, it would typically be a very tiny amount on a policy that is only 2 years old....
by Katietsu
Tue Nov 13, 2018 1:35 pm
Forum: Personal Finance (Not Investing)
Topic: Is this a good deal for a new iPhone xr ?
Replies: 7
Views: 610

Re: Is this a good deal for a new iPhone xr ?

It depends on the carrier and on the value of the phone that you plan to trade in. Based on this year's Black Friday deals and last year's holiday deals, you may be able to get a $200 or $300 gift card with no trade in. AT&T seems to be the stingiest. For instance, I believe that Sam's Club gave a ...
by Katietsu
Tue Nov 13, 2018 1:26 pm
Forum: Personal Consumer Issues
Topic: Best deals to buy iphones
Replies: 66
Views: 6495

Re: Best deals to buy iphones

I’ve been told that the iPhones you bought that are linked to a particular carrier may not have all the bands for all the phones. The only way to be SURE to get the phones with all the bands is to buy unlocked phones at Apple store. If the above info is wrong or outdated, please advise me. The phon...
by Katietsu
Tue Nov 13, 2018 1:15 pm
Forum: Personal Finance (Not Investing)
Topic: Is this a good deal for a new iPhone xr ?
Replies: 7
Views: 610

Re: Is this a good deal for a new iPhone xr ?

It depends on the carrier and on the value of the phone that you plan to trade in. Based on this year's Black Friday deals and last year's holiday deals, you may be able to get a $200 or $300 gift card with no trade in. AT&T seems to be the stingiest. For instance, I believe that Sam's Club gave a $...
by Katietsu
Tue Nov 13, 2018 7:29 am
Forum: Investing - Help with Personal Investments
Topic: Won a lawsuit after a wrongful death in the family. How to invest?
Replies: 18
Views: 3032

Re: Won a lawsuit after a wrongful death in the family. How to invest?

First, figure out if you expect to need any of these funds in the next few years as you go through a career change. That money can be placed in something simple like a high yield savings account, a CD or a money market. You should be able to earn 2%-3% interest. As for the long term money, you could...
by Katietsu
Tue Nov 13, 2018 12:38 am
Forum: Personal Consumer Issues
Topic: Granddaughter needs $ help for university
Replies: 74
Views: 5370

Re: Granddaughter needs $ help for university

The odd part is the timing. Also, I thought the most expensive Catholic university in OH was Dayton. They list the total cost per year as less than $58,000 including living expenses. A $50,000 scholarship, $5500 loan with no co signer, and a $3000 summer job should cover it. I would be concerned tha...
by Katietsu
Mon Nov 12, 2018 8:52 pm
Forum: Personal Consumer Issues
Topic: Best deals to buy iphones
Replies: 66
Views: 6495

Re: Best deals to buy iphones

FWIW - Sam's Club is having a one-day event this Saturday November 10th. iPhone X, XS, XS Max and XR purchases will get up to $300 Sam's Club gift card (depending on carrier). Read the fine print on their add, but I believe the $300 gift card rebate will apply to upgrades as well as new lines. http...
by Katietsu
Mon Nov 12, 2018 8:32 pm
Forum: Personal Consumer Issues
Topic: Granddaughter needs $ help for university
Replies: 74
Views: 5370

Re: Granddaughter needs $ help for university

I would want to make sure this is the best option and all avenues have been thoroughly explored. Even a bright 18 year old can not be expected to work through the finances of a college education themselves. And if Mom is not financially savvy, there may be no one who has done long term planning.
by Katietsu
Mon Nov 12, 2018 3:38 pm
Forum: Personal Consumer Issues
Topic: Still spending too much on non-essentials
Replies: 38
Views: 2388

Re: Still spending too much on non-essentials

From someone who has gotten down on themselves occasionally with the same internal dialogue on non essential spending, I might retitle the post as “Not able to enjoy my income.” If the possibility of FI at 42 is realistic, then you are in a position where $1000 worth of non essential spending is per...
by Katietsu
Mon Nov 12, 2018 6:19 am
Forum: Personal Finance (Not Investing)
Topic: 457 vs 403b
Replies: 29
Views: 1916

Re: 457 vs 403b

You were likely given appropriate advice. When you started your job, you could not double your tax deferred space by using a governmental 457 plan. When law changed to allow separate contribution limits for the 457b, my employer added the 457 option (in 2003 for me). The 457 does allow withdrawals a...
by Katietsu
Sun Nov 11, 2018 3:33 pm
Forum: Investing - Help with Personal Investments
Topic: TIAA R1 With Painfully High Expenses - stuck?
Replies: 34
Views: 1911

Re: TIAA R1 With Painfully High Expenses - stuck?

I would consider CREF stock for your equity portion. It is only a tiny bit higher expense ratio compared to the Equity index fund. In return, you get an all purpose stock fund that is about 70% US, 30% international, represents all sizes, balances between them all, is mostly index but has a bit of f...
by Katietsu
Sat Nov 10, 2018 5:16 pm
Forum: Personal Consumer Issues
Topic: International Travel during Maternity/Paternity
Replies: 86
Views: 3294

Re: International Travel during Maternity/Paternity

I don’t think the idea of spending several weeks in a different location is insane. I do think that you might need a new vision of what the experience will be like. I would identify a half a dozen possibilities and wait until it is closer to the time of the trip to make any non refundable reservatio...
by Katietsu
Thu Nov 08, 2018 11:51 pm
Forum: Personal Finance (Not Investing)
Topic: Did VG make a mistake on my 1099R?
Replies: 7
Views: 901

Re: Did VG make a mistake on my 1099R?

Your understanding of the 1099-R is correct. The situation doesn’t sound great to me. It seems as though it went through as a ordinary withdrawal. The 1099-R indicates this and so does the $6500 amount. The amount of the corrective distribution would be for the contribution plus associated earnings....
by Katietsu
Thu Nov 08, 2018 12:01 pm
Forum: Personal Finance (Not Investing)
Topic: Protecting Bankruptcy Assets
Replies: 6
Views: 1010

Re: Protecting Bankruptcy Assets

What kind of debt? Is there a reason that a bankruptcy filing is needed now? I mean has a creditor forced the issue with a legal proceeding? Instead of bankruptcy, it might be better to just quit paying on the debts. Let the creditors know about the illness and the lack of future income. Use part of...
by Katietsu
Wed Nov 07, 2018 11:32 am
Forum: Personal Consumer Issues
Topic: How much to donate to local police and fire department?
Replies: 23
Views: 1765

Re: How much to donate to local police and fire department?

I have always donated to the VFD. Volunteers spend countless hours training and they are willing to risk their lives for their community. It is appalling that these same people also have to spend Saturdays working at barbecue chicken dinners and Sundays serving pancakes to raise money for needed equ...
by Katietsu
Tue Nov 06, 2018 10:56 pm
Forum: Investing - Help with Personal Investments
Topic: Employer 401k lackluster options
Replies: 10
Views: 520

Re: Employer 401k lackluster options

I am not sure I understand why you feel you have poor choices. You have the option of doing the classic 3 fund portfolio, don’t you? After having employee plans continually changing my options every couple of years, I can understand desiring control, though. So, I don’t think there is a right or wro...
by Katietsu
Thu Nov 01, 2018 1:56 pm
Forum: Personal Finance (Not Investing)
Topic: 45% increase in marketplace insurance
Replies: 72
Views: 4132

Re: 45% increase in marketplace insurance

1. Go without health insurance like hundreds of millions have done in the past. If something happens, get on the exchange. If you have enormous bills in the meantime, work it out with the provider. In the unlikely event they refuse, file bankruptcy. +1. The insurance pricing reflects the risk that ...
by Katietsu
Thu Nov 01, 2018 1:55 pm
Forum: Personal Finance (Not Investing)
Topic: 45% increase in marketplace insurance
Replies: 72
Views: 4132

Re: 45% increase in marketplace insurance

How much is the insurance without the kids? If there is a reasonable savings, see if their colleges have acceptable insurance plans available.
by Katietsu
Thu Nov 01, 2018 1:52 pm
Forum: Personal Finance (Not Investing)
Topic: 45% increase in marketplace insurance
Replies: 72
Views: 4132

Re: 45% increase in marketplace insurance

>Are the kids adults? Thanks, I'll check this, but when I looked at this in past years it didn't really help. Its not really do you claim them, its "can you claim them". In this case I can (they live at home, full time students), so it really doesn't matter if I do. That's my read of the rules as w...
by Katietsu
Thu Nov 01, 2018 1:43 pm
Forum: Personal Finance (Not Investing)
Topic: I Over-contributed to Roth IRA for 2017 Tax Year
Replies: 19
Views: 1187

Re: I Over-contributed to Roth IRA for 2017 Tax Year

I just talked with Vanguard and heard what I thought I would, although there are some interesting strategies I can go with in the correction process. I am re characterizing my 2018 contribution ($5500), and doing the backdoor roth process for it. As of market close yesterday it has lost money so it...
by Katietsu
Wed Oct 31, 2018 9:47 pm
Forum: Investing - Help with Personal Investments
Topic: had an IRA prior to marriage with son as only beneficiary
Replies: 8
Views: 735

Re: had an IRA prior to marriage with son as only beneficiary

I don’t think this is something to spend much time worrying about. And I have seen people who have had different names on their documents for years. At some point, it may need dealt with so you should be prepared for that possibility.
by Katietsu
Tue Oct 30, 2018 5:53 pm
Forum: Personal Finance (Not Investing)
Topic: Which Account for RMD?
Replies: 5
Views: 568

Re: Which Account for RMD?

I think you are suggesting using your RMD to rebalance. That makes sense.
by Katietsu
Tue Oct 30, 2018 1:35 pm
Forum: Personal Finance (Not Investing)
Topic: Supporting dying father and preparing to support his wife?
Replies: 22
Views: 2433

Re: Supporting dying father and preparing to support his wife?

All of us who have been through this can empathize. I would suggest you start by gathering information on your Dad’s personal situation while simultaneously learning about the options for care. You can do much of this research from your home in California. Ideally, you could then make another trip t...
by Katietsu
Tue Oct 30, 2018 12:26 am
Forum: Personal Consumer Issues
Topic: Anyone using Pillpack?
Replies: 12
Views: 1752

Re: Anyone using Pillpack?

This might also be a good time to review the medications with the primary care physician to make sure all the medications are needed. The assisted living facilities that I am familiar with have been using the equivalent of pill pack for many years. If a number of the pills are once a day OTC supplem...
by Katietsu
Mon Oct 29, 2018 11:33 pm
Forum: Investing - Help with Personal Investments
Topic: Possible (small) future wash sale in 401k
Replies: 16
Views: 1351

Re: Possible (small) future wash sale in 401k

There is no solid IRS rule against it. I disagree. The tax code (https://www.law.cornell.edu/uscode/text/26/1091) provides no exemptions for any specific account type. Hence, all account types are subject to wash sale rules until the IRS provides a specific exemption, which it has not done yet. I c...
by Katietsu
Mon Oct 29, 2018 8:14 pm
Forum: Personal Consumer Issues
Topic: Tire rotation - low mileage car
Replies: 36
Views: 1915

Re: Tire rotation - low mileage car

Thus, if I were you, I'd keep the Defenders in the rear and wear out those other tires in front as soon as possible so that you can replace with another pair of Defenders. Ask Costco to keep the next pair of Defenders in the front so it wears to the same level as the rear. Then rotate once a year a...
by Katietsu
Mon Oct 29, 2018 7:49 pm
Forum: Personal Consumer Issues
Topic: Washing machine/dryer shopping
Replies: 38
Views: 2852

Re: Washing machine/dryer shopping

If you are in an apartment complex with washer dryer hookups, is there a way to let your fellow apartment dwellers know you are interested in purchasing a unit? A bulletin board, facebook community or talking to the leasing office? Seems likely that there may be others moving out who do not want to ...
by Katietsu
Mon Oct 29, 2018 5:56 pm
Forum: Investing - Help with Personal Investments
Topic: Annuity Cash Surrender Help
Replies: 15
Views: 1264

Re: Annuity Cash Surrender Help

Before you put this money at risk in the stock market, does she have other funds to draw on? Are you and she ready to accept a $70,000 loss? We do not have a broader picture of your mother’s financial situation, but being 64 and about to retire, are attributes of someone who should decrease their ri...
by Katietsu
Mon Oct 29, 2018 5:05 pm
Forum: Investing - Help with Personal Investments
Topic: Possible (small) future wash sale in 401k
Replies: 16
Views: 1351

Re: Possible (small) future wash sale in 401k

I too avoid potential wash sales with a 401k even though I think it not necessary. But in this case, I would just ignore it and claim the full loss. There is no solid IRS rule against it. Even if you feel you are obligated to disallow part of the loss, you are talking about the loss on a fractional ...
by Katietsu
Sun Oct 28, 2018 11:36 am
Forum: Investing - Theory, News & General
Topic: Roth 401/403/457 withdrawals pre 59.5. Tax/penalty? What if rolled over to Roth IRA?
Replies: 25
Views: 1386

Re: Roth 401/403/457 withdrawals pre 59.5. Tax/penalty? What if rolled over to Roth IRA?

I believe retiredjg probably answered the question you were asking. Given all the activities related to retirement accounts for you, make sure you keep good records. Also, if you are planning for early retirement, be aware that a “traditional” governmental 457 plan is available without penalty at an...
by Katietsu
Fri Oct 26, 2018 8:08 pm
Forum: Personal Finance (Not Investing)
Topic: Beneficiary Allocation Model
Replies: 17
Views: 1135

Re: Beneficiary Allocation Model

I did not see specific information on your net worth and cash flow. But your attorney did, so I would put weight on his advice. Let’s say your 90% stock allocation drops 50% in value and you develop dementia requiring $150,000+ a year for 15 years of care. Meanwhile your spouse must maintain a home ...
by Katietsu
Fri Oct 26, 2018 5:56 pm
Forum: Investing - Help with Personal Investments
Topic: Help! For a larger size taxable account do I pay an advisor?
Replies: 51
Views: 4045

Re: Help! For a larger size taxable account do I pay an advisor?

I would consider hiring someone to help you get from here to there. You may need someone who is not looking to manage you long term. Take a look at the model of businesses like Aptus Wealth Management or Wealth Logic.
by Katietsu
Fri Oct 26, 2018 12:27 pm
Forum: Investing - Help with Personal Investments
Topic: Help with My Account Transfer!
Replies: 10
Views: 717

Re: Help with My Account Transfer!

If you have such large capital gains and the information from your financial advisor was news to you, then I would stop. I think you need a financial advisor or at least a tax advisor to be involved in your financial lives for a bit longer. In the long run, you do not need one charging you 1%. You m...
by Katietsu
Thu Oct 25, 2018 8:42 am
Forum: Personal Finance (Not Investing)
Topic: Ally Banking 1% extra back up to $1,000 on new money deposited
Replies: 447
Views: 42345

Re: Ally Banking 1% extra back up to $1,000 on new money deposited

That is what I am suggesting as they won't let me do it. I want to open an account that is only in my wife's name and .. so far .. they seem unwilling if it is funded via transfer from our joint account. It is something I do need to get done in the next few months and will revisit in a couple of mo...
by Katietsu
Tue Oct 23, 2018 8:50 pm
Forum: Personal Finance (Not Investing)
Topic: Does Paying Off Installment Loan Early Stop It From Helping Credit?
Replies: 3
Views: 480

Re: Does Paying Off Installment Loan Early Stop It From Helping Credit?

In my experience, your score will go down once the loan is paid off. It doesn’t matter whether it is after 36 payments or paid off early after 3 payments. You will no longer have the most desirable credit mix since you will have no active installment loans.
by Katietsu
Mon Oct 22, 2018 3:43 pm
Forum: Personal Finance (Not Investing)
Topic: Ally Banking 1% extra back up to $1,000 on new money deposited
Replies: 447
Views: 42345

Re: Ally Banking 1% extra back up to $1,000 on new money deposited

Has anyone else received the “Mark your calendar, Name” email today stated that you have until October 31 for funding? It is not the date but the name that I have a question about. Mine uses my last name which seems odd. Just wondering if I put the names in backwards when I registered?
by Katietsu
Mon Oct 22, 2018 8:09 am
Forum: Personal Consumer Issues
Topic: Headlamp for dog walking
Replies: 30
Views: 2099

Re: Headlamp for dog walking

I have always used Petzl branded headlamps for walking. I have found them very comfortable, durable and easy to use.
( I have a couple of these $10 lights recommended here, which are fine for around the house. But these are not comfortable for walking for an hour in my opinion.)
by Katietsu
Sun Oct 21, 2018 12:06 am
Forum: Personal Finance (Not Investing)
Topic: Ally Banking 1% extra back up to $1,000 on new money deposited
Replies: 447
Views: 42345

Re: Ally Banking 1% extra back up to $1,000 on new money deposited

To Kevin M I read the rules the same as you. I think it is crazy if they enforce them as your chat responses describe. They are going to upset some of their most loyal customers who are using Ally as their primary bank. I suspect many of these customers are not as persistent at seeking clarification...
by Katietsu
Sat Oct 20, 2018 11:58 pm
Forum: Personal Finance (Not Investing)
Topic: Ally Banking 1% extra back up to $1,000 on new money deposited
Replies: 447
Views: 42345

Re: Ally Banking 1% extra back up to $1,000 on new money deposited

any idea if I open a savings account and then transferred $100,000 in, but then open up a no penalty CD and move the money from the savings account into it, will the bonus still apply? My understanding is that you can move the money around within eligible account types as much as you want. Though, ...
by Katietsu
Sat Oct 20, 2018 7:41 am
Forum: Personal Finance (Not Investing)
Topic: Inflating AGI to avoid paying back ACA Premium Tax Credit
Replies: 42
Views: 3869

Re: Inflating AGI to avoid paying back ACA Premium Tax Credit

Not to derail the thread, but do some folks think that not taking all deductions you're entitled to is unethical? Or even illegal? Such a thought never occurred to me. It never occurred to you, likely, because you associate a higher income with a higher tax liability. For some, a higher income can ...
by Katietsu
Thu Oct 18, 2018 8:13 am
Forum: Personal Consumer Issues
Topic: Should we move to San Diego from east coast?
Replies: 138
Views: 10850

Re: Should we move to San Diego from east coast?

I am worried that the OP is confusing vacation with location. It reminds me of when the 9 year old wanted to move to the Outer Banks of NC. Because they figured it would mean beach, swimming, no school and playing with cousins everyday. I would definitely make another trip before I started planning ...
by Katietsu
Wed Oct 17, 2018 5:51 am
Forum: Personal Consumer Issues
Topic: Not convinced with insurance
Replies: 45
Views: 3680

Re: Not convinced with insurance

At least part of the 300usd for non-owner would be offset by not having to buy rental car liability from the rental car company (probably ~$10/day). That's a good point. I usually don't get the full coverage from the car company since I have the coverage provided by the chase sapphire reserve credi...
by Katietsu
Tue Oct 16, 2018 11:44 am
Forum: Personal Finance (Not Investing)
Topic: Inflating AGI to avoid paying back ACA Premium Tax Credit
Replies: 42
Views: 3869

Re: Inflating AGI to avoid paying back ACA subsidies

However, if you provided an honest estimate of your expected earnings, you will not need to pay back subsidies that were already provided on your behalf if it turns out your income was too low. Check out the IRS instructions for Form 8962. Those may help you understand some of the rules though it d...
by Katietsu
Tue Oct 16, 2018 10:40 am
Forum: Personal Finance (Not Investing)
Topic: Inflating AGI to avoid paying back ACA Premium Tax Credit
Replies: 42
Views: 3869

Re: Inflating AGI to avoid paying back ACA subsidies

It sounds like you found a solution with the Roth conversion. Just make sure you give enough time for completion. I have had them completed in as little as two days but as long as almost a month. This is the best option that I see. However, if you provided an honest estimate of your expected earning...
by Katietsu
Tue Oct 16, 2018 6:27 am
Forum: Personal Consumer Issues
Topic: HDMI Splitter or Switch?
Replies: 24
Views: 1436

Re: HDMI Splitter or Switch?

Maybe you could just work with what you have. Use the HDMI port for the Xbox 360. Stream Netflix through the Xbox - no need for a Roku. If you need a cable box, get one that connects via the RCA composite connections. Use one of the audio out options for the sound bar.
by Katietsu
Mon Oct 15, 2018 10:23 am
Forum: Personal Consumer Issues
Topic: Mobile phone service/providers/new phone
Replies: 4
Views: 471

Re: Mobile phone service/providers/new phone

We are moving from the Northeast to west Florida. We currently have iPhones that are 3.5 yrs old and looking to upgrade. At&t isn’t the best here but understand the service is better in FL. But my main question is I hear so many conflicting opinions on buying the phone via Verizon for example, or g...
by Katietsu
Thu Oct 11, 2018 4:41 pm
Forum: Personal Finance (Not Investing)
Topic: Mold on inspection, need advice
Replies: 30
Views: 2308

Re: Mold on inspection, need advice

Ok. Now with the detail of the problem being in the ceiling below the bathroom, I would personally not back away if I like the house. I suspect I have never lived in a home that had not a bathroom leak and mold at least once. In my experience, that is not the same as the mystery problem behind the b...
by Katietsu
Wed Oct 03, 2018 1:43 pm
Forum: Personal Finance (Not Investing)
Topic: Upcoming Medicare Open Enrollment - Widowed Mom
Replies: 6
Views: 456

Re: Upcoming Medicare Open Enrollment - Widowed Mom

You need to make sure that the “coverage as it is” will remain the same for 2019 in the ways that impact your Mom.
by Katietsu
Wed Oct 03, 2018 1:35 pm
Forum: Personal Finance (Not Investing)
Topic: Unemployed - 401(k), IRAs, etc
Replies: 4
Views: 594

Re: Unemployed - 401(k), IRAs, etc

Your maximum HSA contribution is based on the number of months you are under a HDHP. So, you should still be able to make your contributions for now. If you can not make them to your current account, you can open a new one. Also, I would reconsider having your Roth all in bonds. I understand the tax...
by Katietsu
Tue Oct 02, 2018 9:46 pm
Forum: Personal Finance (Not Investing)
Topic: My bank and absurd policy for "no fee"
Replies: 51
Views: 4305

Re: My bank and absurd policy for "no fee"

Change the statement date so that this is not an issue. If they can not figure out how to do that, you need to decide if you still want to do business with them. With a little hassle, you could open a new account on say October 10. Then your direct deposit will always fall one per month.