Search found 1653 matches

by Katietsu
Sun Dec 16, 2018 6:45 pm
Forum: Personal Finance (Not Investing)
Topic: Bank of America Merrill Edge Up to $900 Bonus for Preferred Rewards Clients
Replies: 58
Views: 5597

Re: Bank of America Merrill Edge Up to $900 Bonus for Preferred Rewards Clients

I certainly see how it can be interpreted like that(and you may be right)..but looking at the terms again, it states: "After 90 days of meeting the funding criteria described in Step 2, your cash reward will be determined by the qualifying net new assets in your account (irrespective of any losses ...
by Katietsu
Sun Dec 16, 2018 12:44 pm
Forum: Investing - Help with Personal Investments
Topic: Roth or Trad 401k - 24% bracket
Replies: 35
Views: 1332

Re: Roth or Trad 401k - 24% bracket

I would be using a traditional 401k for at least part of your income. With your current decision to use all traditional, do you still have income being taxed at 32 to 35%? If so, I would consider continuing to use all traditional 401k. You do have some tax diversification with the Roth and taxable b...
by Katietsu
Sat Dec 15, 2018 11:07 pm
Forum: Personal Consumer Issues
Topic: Nice gifts for young kids
Replies: 28
Views: 2079

Re: Nice gifts for young kids

Thanks all. Great ideas. I have kids myself so definitely know how things can pile up and quickly lose its luster (that's part of the reason why I posted). I'm now thinking we may offer to watch the kids for a day and take them to an amusement park or museum as a present. I have a friend that does ...
by Katietsu
Sat Dec 15, 2018 12:21 am
Forum: Personal Finance (Not Investing)
Topic: Law school without practicing law
Replies: 69
Views: 4521

Re: Law school without practicing law

When I was in college, I took a Legal Studies 101 class. It was very useful. Would this be something to start with, in person or online?
by Katietsu
Fri Dec 14, 2018 6:56 pm
Forum: Personal Finance (Not Investing)
Topic: Forgoing health insurance
Replies: 112
Views: 5010

Re: Forgoing health insurance

Family of 5 (3 children under 15, 2 adults mid 40s). On the market place, we'd be paying at least $15K a year (after subsidy!) for the highest deductible and OOP plans. You may need to go back and look again. If you qualify for subsidies, the most your contribution can be for SLC silver plan is 9.8...
by Katietsu
Fri Dec 14, 2018 2:42 pm
Forum: Personal Finance (Not Investing)
Topic: Forgoing health insurance
Replies: 112
Views: 5010

Re: Forgoing health insurance

I'm not going to tell you to do what you are proposing because I don't want to feel responsible if everything goes south for you. But I did exactly the same thing when I was a free-lance programmer. Saved a ton of money in the process and that even included a trip to the emergency room for a broken...
by Katietsu
Fri Dec 14, 2018 2:33 pm
Forum: Personal Finance (Not Investing)
Topic: Forgoing health insurance
Replies: 112
Views: 5010

Re: Forgoing health insurance

I think it is a bad idea for someone to go without health insurance. In previous posts, I have given concrete examples as have others about the potentially disastrous consequences of this choice for all but the wealthiest. You can search and find multiple posts on this topic. As an adult, you have a...
by Katietsu
Wed Dec 12, 2018 3:20 pm
Forum: Personal Consumer Issues
Topic: Lyft driver got into an accident, but denies it
Replies: 71
Views: 5545

Re: Lyft driver got into an accident, but denies it

Insisting the police show up for a fender-bender? Around here the conversation might be something like: Caller: What do you mean you won't send an officer for this? I insist that you do! Dispatcher: That's nice. Have a good day. Don't forget to mention your outrage when you insist. Ditto your point...
by Katietsu
Wed Dec 12, 2018 3:07 pm
Forum: Personal Finance (Not Investing)
Topic: Received IRS letter - be proactive or sit back?
Replies: 25
Views: 2981

Re: Received IRS letter - be proactive or sit back?

I would start by getting your information together in case you do need to prove your case. It sounds like the custody arrangement may have been such that you can document exact nights the children spent with each of you.
by Katietsu
Tue Dec 11, 2018 5:06 pm
Forum: Personal Consumer Issues
Topic: Advise on how to deal with this insurance claim situation
Replies: 29
Views: 1409

Re: Advise on how to deal with this insurance claim situation

I don’t see why it matters who hit who. So, let’s say the Tesla backed out and the other car hit it. I was always taught that the car backing out would still be at fault because it is their job to make sure no traffic is coming. At best, it might be a situation where each insurer elects to pay for ...
by Katietsu
Tue Dec 11, 2018 2:44 pm
Forum: Personal Consumer Issues
Topic: dry eyes- optimal laptop screen resolution to reduce eye strain
Replies: 27
Views: 1327

Re: dry eyes- optimal laptop screen resolution to reduce eye strain

I am about to look into a laptop purchase myself. I made an impulse purchase of a different Yoga whose screen was described as anti-glare. I believe it may have been your option #1. In my opinion, it could have been used as a mirror. The screen reflectivity was one of the reasons that I returned it.
by Katietsu
Tue Dec 11, 2018 2:33 pm
Forum: Personal Consumer Issues
Topic: Spotify or Amazon Music?
Replies: 44
Views: 3035

Re: Spotify or Amazon Music?

I just learned about a big difference between Spotify and Amazon music. If I had a problem on Amazon there would be an easy to find phone number to call tech support. That does not exist on Spotify. Since you are an Amazon Prime member, have you tried Amazon Prime Music, the free service? In my exp...
by Katietsu
Tue Dec 11, 2018 1:50 pm
Forum: Investing - Help with Personal Investments
Topic: Made an unwise investment, help solicited
Replies: 41
Views: 3505

Re: Made an unwise investment, help solicited

If I'm reading what you're saying correctly - and reading what Intuit's Turbo Tax faqs describe correctly (admittedly I may not be), it appears that what you are saying is incorrect. ST losses can be used to offset losses once LT losses are used: https://turbotax.intuit.com/tax-tips/investments-and...
by Katietsu
Tue Dec 11, 2018 12:54 pm
Forum: Personal Consumer Issues
Topic: Advise on how to deal with this insurance claim situation
Replies: 29
Views: 1409

Re: Advise on how to deal with this insurance claim situation

I don’t see why it matters who hit who. So, let’s say the Tesla backed out and the other car hit it. I was always taught that the car backing out would still be at fault because it is their job to make sure no traffic is coming. At best, it might be a situation where each insurer elects to pay for t...
by Katietsu
Mon Dec 10, 2018 11:23 am
Forum: Personal Finance (Not Investing)
Topic: How will 80k inheritance affect medicaid, section 8, food stamp eligibility in PA?
Replies: 26
Views: 2908

Re: How will 80k inheritance affect medicaid, section 8, food stamp eligibility in PA?

When did your grandfather pass away? There is 9 months from the date of death to disclaim an inheritance. I bring this up because if disclaiming is a possibility, you might be hitting a hard deadline. I had a relative disclaim a much smaller inheritance because they would have lost a lot more in ben...
by Katietsu
Sun Dec 09, 2018 9:22 pm
Forum: Personal Finance (Not Investing)
Topic: Rental Car Damage Issue
Replies: 69
Views: 4036

Re: Rental Car Damage Issue

Learn how to use American Express Premium Rental Insurance. Best thing ever. In what ways is this better than other primary credit card coverage (United Explorer for example)? Not sure that it is for most rentals. I do know that only a very few cards have primary coverage anymore. One advantage for...
by Katietsu
Sun Dec 09, 2018 7:39 pm
Forum: Personal Finance (Not Investing)
Topic: are pre-fabricated / manufactured homes a bad investment?
Replies: 99
Views: 6623

Re: are pre-fabricated / manufactured homes a bad investment?

For those that are saying “manufactured” home by law is a “trailer”/mobile home not a pre fabricated home that is then put on a foundation with full utilities etc, can you comment on the photos the OP posted?
by Katietsu
Sun Dec 09, 2018 10:29 am
Forum: Personal Finance (Not Investing)
Topic: Rental Car Damage Issue
Replies: 69
Views: 4036

Re: Rental Car Damage Issue

Have had two incidents with Hertz. In both cases, they supplied a report complete with an estimate from an independent body shop and with multiple photos of the damage. This was after I had already completed a full incident report to Hertz and taken my own photos. I would hope there would be some fo...
by Katietsu
Sun Dec 09, 2018 9:47 am
Forum: Personal Consumer Issues
Topic: Is this normal for an HOA?
Replies: 95
Views: 8620

Re: Is this normal for an HOA?

I think the emergency contact and mobile phone information is important. I have been involved in a few situations where this was needed. One neighbor had a water line break while out of town. Water was running out of the garage door and I was able to reach an adult son only because I knew his busine...
by Katietsu
Sat Dec 08, 2018 11:09 pm
Forum: Investing - Help with Personal Investments
Topic: Retiring in 2 weeks, Traditional 401k
Replies: 99
Views: 6920

Re: Retiring in 2 weeks, Traditional 401k

Who can I pay to help me with this? What should I look up? This is just too much for me and I will pay for them to get the proper guidance. I know we are throwing a lot at you. But much of it does not need done right away. And many people just wing it like your parents. It is just that people on th...
by Katietsu
Sat Dec 08, 2018 10:57 pm
Forum: Investing - Help with Personal Investments
Topic: Retiring in 2 weeks, Traditional 401k
Replies: 99
Views: 6920

Re: Retiring in 2 weeks, Traditional 401k

Traditional Medicare only pays part of medical expenses without any out of pocket maximum. Therefore, most people purchase a medigap policy to go with it. A Medicare Advantage plan is an alternative type of Medicare plan that does have an out of pocket maximum. Start by reading this: https://www.ssa...
by Katietsu
Sat Dec 08, 2018 6:48 pm
Forum: Investing - Help with Personal Investments
Topic: Retiring in 2 weeks, Traditional 401k
Replies: 99
Views: 6920

Re: Retiring in 2 weeks, Traditional 401k

More comments on health insurance: -Does your Dad need a Medigap policy? Or is he signing up for a Medicare Advantage plan? I assume he has no retiree health insurance - is this correct? -Know that the listed deductibles and copays do not apply if your Mom qualifies for cost sharing subsidies (incom...
by Katietsu
Fri Dec 07, 2018 1:07 pm
Forum: Investing - Help with Personal Investments
Topic: Retiring in 2 weeks, Traditional 401k
Replies: 99
Views: 6920

Re: Retiring in 2 weeks, Traditional 401k

There are several posts about SPIA’s and about asset allocation. I just wanted to make it clear that these two things affect each other. Let me give you an example. If you choose just to use the 401k/IRA, you might choose an allocation of only 35% stocks with 65% bonds. On the other hand, if $175,00...
by Katietsu
Thu Dec 06, 2018 11:23 pm
Forum: Investing - Help with Personal Investments
Topic: Retiring in 2 weeks, Traditional 401k
Replies: 99
Views: 6920

Re: Retiring in 2 weeks, Traditional 401k

Based on the numbers you are giving, they do not need to have federal taxes withheld because their taxes will be $0 for the year. There is no rush to do anything with the 401k. I would make a withdrawal to cover a couple months of expenses for now. You can use that time to decide if and to where you...
by Katietsu
Thu Dec 06, 2018 10:17 pm
Forum: Personal Finance (Not Investing)
Topic: My ACA premiums went up 128% in 2019 anybody else get hit with big increases
Replies: 21
Views: 3363

Re: My ACA premiums went up 128% in 2019 anybody else get hit with big increases

The cost of the “second lowest silver plan”, on average, is reportedly decreasing 1.5%.

https://www.cms.gov/newsroom/fact-sheet ... conditions

Sorry if your area and needs are leading to surprising increase in your premiums.
by Katietsu
Tue Dec 04, 2018 11:39 pm
Forum: Personal Finance (Not Investing)
Topic: Why Is Insurance Worth It (Analytically)?
Replies: 89
Views: 4229

Re: Why Is Insurance Worth It (Analytically)?

Update: I saw your edit. It's very clearly written from a position of inexperience. Your statements are simply not true, and if you actually had to use a lot of healthcare, you would know. Not true...but experience in Health Insurance is a very regrettable skill I have, and I have seen many scenari...
by Katietsu
Tue Dec 04, 2018 5:33 pm
Forum: Personal Finance (Not Investing)
Topic: Why Is Insurance Worth It (Analytically)?
Replies: 89
Views: 4229

Re: Why Is Insurance Worth It (Analytically)?

Do you have accurate data on the cost of medical care without the contract rate negotiated by insurance companies? The last personal hospital bill I saw had a non negotiated rate for a single 30 minute outpatient procedure and associated costs (anesthesia, hospital fees, etc) of $111,000. Do you hav...
by Katietsu
Tue Dec 04, 2018 11:55 am
Forum: Personal Finance (Not Investing)
Topic: Managing ACA income with a Vanguard Variable Annuity
Replies: 17
Views: 1392

Re: Managing ACA income with a Variable Annuity

What I am considering is a variable annuity with some of the CD money. Generally variable annuities aren't favored in this community, I'm guessing that's because of their fees. I wouldn't put CD money in a variable annuity. That's adding risk to risk-free funds. A fixed deferred annuity *may* be mo...
by Katietsu
Sun Dec 02, 2018 11:14 am
Forum: Personal Finance (Not Investing)
Topic: Confused on inherited IRA RMDs ??
Replies: 7
Views: 602

Re: Confused on inherited IRA RMDs ??

I can not figure out why an online calculator would indicate a required RMD this year for your wife. If the date of death is in 2018, the first RMD for the beneficiary should need to be taken in 2019 by December 31. When the IRA is retitled should not matter.
by Katietsu
Sun Dec 02, 2018 11:05 am
Forum: Personal Consumer Issues
Topic: declining employer benefits?
Replies: 36
Views: 3977

Re: declining employer benefits?

Obamacare subjects a company to a $100/day/employee penalty for reimbursing an employee purchased healthcare plan. Starting in 2017 an exception was added that allows a company that does not offer a group health plan and has < 50 employees to offer a Qualified Small Employer Health Reimbursement Ar...
by Katietsu
Fri Nov 30, 2018 12:03 am
Forum: Personal Finance (Not Investing)
Topic: HSA Help/Tax Expert Needed
Replies: 60
Views: 1765

Re: HSA Help/Tax Expert Needed

Now that it has been pointed out that you can not contribute to both a general FSA and an HSA, the OP will not feel so bad about not having a HSA eligible HDHP.
by Katietsu
Wed Nov 28, 2018 6:02 pm
Forum: Personal Consumer Issues
Topic: Google Voice, do unused numbers get deleted?
Replies: 21
Views: 2082

Re: Google Voice, do unused numbers get deleted?

Craigslist. I moved home number to GV also. And setup a business number. I'm curious what process you used to migrate home number to GV. I understand you can only port in from a mobile number. Is there a preferred prepaid mobile service to port your landline to as a (hopefully inexpensive) intermed...
by Katietsu
Wed Nov 28, 2018 2:49 pm
Forum: Personal Consumer Issues
Topic: Charity in the accumulation phase- Now vs. Later
Replies: 24
Views: 954

Re: Charity in the accumulation phase- Now vs. Later

I'll give it to you straight: You should give something now (to get in the habit), but I think 1-10% of income would be a fine start. Totally agree with MWormwood. Given your interest in charity, start giving now, even if a small percent. The act of giving changes your relationship with money. +2
by Katietsu
Mon Nov 26, 2018 6:02 pm
Forum: Personal Finance (Not Investing)
Topic: Real Estate upon death
Replies: 33
Views: 2032

Re: Real Estate upon death

Unless FIL has undisclosed illness, I would not spend any time worrying about it now. The situation may change radically between now and then. The SIL may remarry and move out. FIL might need to take out a reverse mortgage leaving little equity. FIL may end up on Medicaid and the state takes the hou...
by Katietsu
Sun Nov 25, 2018 1:42 am
Forum: Personal Finance (Not Investing)
Topic: What financial information do you share with your family and relatives?
Replies: 112
Views: 9713

Re: What financial information do you share with your family and relatives?

I would not have thought the questions in the original post would have offended anyone. I have definitely asked some of them and wouldn’t give a second thought to answering most of them. I think too much silence on financial topics between friends and families hurts our financial well being.
by Katietsu
Tue Nov 20, 2018 6:16 pm
Forum: Investing - Help with Personal Investments
Topic: More TLH questions
Replies: 38
Views: 2911

Re: More TLH questions

You can TLH if you wish. Based on a quick review, those funds are not substantially equal even if you are conservative in your interpretation of the rule. One of the funds states that it has 350 holdings and the other has over 950 and they are not based on the same index. You need to be careful abo...
by Katietsu
Tue Nov 20, 2018 5:02 pm
Forum: Personal Finance (Not Investing)
Topic: 12 Month Short-Term Health Insurance
Replies: 21
Views: 1127

Re: 12 Month Short-Term Health Insurance

Exceeding $1 million is rare but is not a black swan. I have seen premature newborns who have exceeeded a million dollars before leaving the hospital. My Dad’s bill hit $150,000 after 5 days in the hospital, no ICU, no surgery. You should also get an idea of the cost of prescription drugs. Again, it...
by Katietsu
Tue Nov 20, 2018 12:18 am
Forum: Investing - Help with Personal Investments
Topic: More TLH questions
Replies: 38
Views: 2911

Re: More TLH questions

You can TLH if you wish. Based on a quick review, those funds are not substantially equal even if you are conservative in your interpretation of the rule. One of the funds states that it has 350 holdings and the other has over 950 and they are not based on the same index. You need to be careful abou...
by Katietsu
Sun Nov 18, 2018 4:42 pm
Forum: Investing - Help with Personal Investments
Topic: Am I understanding this right about DAFs? If so...wow
Replies: 33
Views: 3960

Re: Am I understanding this right about DAFs? If so...wow

I think it sounds like a good idea. I would recommend getting started now, especially if you are going to be moving between brokerages. It can sometimes take a bit longer than anticipated.
by Katietsu
Sat Nov 17, 2018 10:02 pm
Forum: Investing - Help with Personal Investments
Topic: Stock, Bonds, REIT belongs in Taxable vs ROTH?
Replies: 15
Views: 921

Re: Stock, Bonds, REIT belongs in Taxable vs ROTH?

Generally speaking, the Roth should have assets with high growth potential. There can be a debate if you only have a Roth and taxable accounts as to whether bonds should go to Roth or taxable. However, you have a tax deferrred account. And not only a tax deferred account but a TSP with access to th...
by Katietsu
Sat Nov 17, 2018 9:54 pm
Forum: Personal Consumer Issues
Topic: How to pick a wifi router to replace one we rent from Cox?
Replies: 20
Views: 1276

Re: How to pick a wifi router to replace one we rent from Cox?

I am concerned that you are still referring to a $40 router. The primary function of the device provided by the cable company is the modem part. Some cable provided equipment is only a modem. But recent years have leaned more towards a combination modem and router unit. It sounds like you would need...
by Katietsu
Sat Nov 17, 2018 7:13 pm
Forum: Personal Finance (Not Investing)
Topic: ACA MAGI, dependent, and subsidies questions
Replies: 17
Views: 1105

Re: ACA MAGI, dependent, and subsidies questions

Now, if your daughter has no filing requirement, then you do not need to add her income to yours for the purpose of the ACA. It does not matter whether or not she files. Really? That doesn't seem right. So if she has withholding and she wishes to file to get it all back, no problem. If her income i...
by Katietsu
Sat Nov 17, 2018 6:57 pm
Forum: Investing - Help with Personal Investments
Topic: Stock, Bonds, REIT belongs in Taxable vs ROTH?
Replies: 15
Views: 921

Re: Stock, Bonds, REIT belongs in Taxable vs ROTH?

Generally speaking, the Roth should have assets with high growth potential. There can be a debate if you only have a Roth and taxable accounts as to whether bonds should go to Roth or taxable. However, you have a tax deferrred account. And not only a tax deferred account but a TSP with access to the...
by Katietsu
Sat Nov 17, 2018 6:47 pm
Forum: Personal Consumer Issues
Topic: When is Too Long to Return a Hair Dryer to Costco?
Replies: 73
Views: 4928

Re: When is Too Long to Return a Hair Dryer to Costco?

I would never return a four year old hairdryer or a seven year old vacuum cleaner. A T3 hair dryer probably had a 2 year warranty and a Dyson vacuum cleaner might have a 5 year warranty. Why would I expect the retail establishment to refund my money for years past the expectations set by the manufac...
by Katietsu
Sat Nov 17, 2018 5:00 pm
Forum: Investing - Help with Personal Investments
Topic: Perform 12% Roth conversions or realize 0% long term capital gains during low income years???
Replies: 19
Views: 2074

Re: Perform 12% Roth conversions or realize 0% long term capital gains during low income years???

Not commenting on your current dilemma. But I would not put bonds in a Roth. If you convert to a Roth, it is likely that you should fill it with your highest growth assets. This is true even if it means that you are moving bonds to taxable. There are a few discussions on here if you are interested. ...
by Katietsu
Sat Nov 17, 2018 1:42 pm
Forum: Investing - Help with Personal Investments
Topic: New FA offering to pay annuity surrender fee
Replies: 18
Views: 1119

Re: New FA offering to pay annuity surrender fee

How much is in taxable vs IRA’s? If it is mostly in IRA’s, I would be more likely to consider the offer. This could be a transition and in a couple of years you could potentially get into an even lower fee portfolio. With most of it in taxable, you could end up with capital gains to deal with if you...
by Katietsu
Sat Nov 17, 2018 12:15 am
Forum: Personal Consumer Issues
Topic: New Policy again with ACA
Replies: 6
Views: 869

Re: New Policy again with ACA

Those who are below 250% of FPL should remember that the reduced deductibles and co pays from cost sharing only apply to the silver plan, I think.
by Katietsu
Fri Nov 16, 2018 8:15 pm
Forum: Personal Consumer Issues
Topic: Granddaughter needs $ help for university
Replies: 111
Views: 9962

Re: Granddaughter needs $ help for university

Verify the scholarship lasts all four years, that she is doing well enough to continue to be eligible, and that she’s in track to graduate in four years. Then help out if you want. But 60k for a degree for a music teacher is ridiculous; the equivalent of driving a BMW 7 series as a asst manager at ...
by Katietsu
Fri Nov 16, 2018 12:55 am
Forum: Personal Finance (Not Investing)
Topic: Wait, do I need a prenup?
Replies: 63
Views: 6817

Re: Wait, do I need a prenup?

For Cali, here is the law: "CHAPTER 2. Separate Property [770 - 772] ( Chapter 2 enacted by Stats. 1992, Ch. 162, Sec. 10. ) (b) A married person may, without the consent of the person’s spouse, convey the person’s separate property." https://leginfo.legislature.ca.gov/faces/codes_displayText.xhtml...
by Katietsu
Fri Nov 16, 2018 12:24 am
Forum: Personal Finance (Not Investing)
Topic: ACA MAGI, dependent, and subsidies questions
Replies: 17
Views: 1105

Re: ACA MAGI, dependent, and subsidies questions

This is a very difficult topic. And a lot of it is not intuitive. Most of the answers you have received contain inaccuracies. The definition for a tax dependent remains the same in 2018. The exemption for that dependent is reduced to zero. The relevance is that the same rules apply as before as to w...