Search found 1418 matches

by Katietsu
Thu Jun 21, 2018 10:09 pm
Forum: Investing - Help with Personal Investments
Topic: Questions about RMD and insurance.
Replies: 10
Views: 843

Re: Questions about RMD and insurance.

The government and University plans that I am familiar with offer retirees a different health insurance option if they are already on Medicare compared to employees retiring prior to age 65. If the employer does not offer a plan specifically for Medicare eligible retirees, then it is unlikely that t...
by Katietsu
Thu Jun 21, 2018 8:11 am
Forum: Personal Consumer Issues
Topic: Need new Cable Modem + Router - Please recommend
Replies: 37
Views: 1981

Re: Need new Cable Modem + Router - Please recommend

I hope you are aware that Comcast removed the ability to set recordings remotely over 6 months ago. It was done without notice and it looks like it may never be provided in the future. If that’s a feature you used with FIOS, you will miss it. Also, Comcast is no different than any of the other ISPs...
by Katietsu
Wed Jun 20, 2018 11:22 am
Forum: Personal Consumer Issues
Topic: iPad/iOS - feature or bug?
Replies: 13
Views: 798

Re: iPad/iOS - feature or bug?

I could only make it happen on a different iOS device when I used private browsing. Are you using settings that are restricting the information needed to take you back to the point you were at?
by Katietsu
Wed Jun 20, 2018 3:37 am
Forum: Personal Finance (Not Investing)
Topic: Missed RMD - IRS penalty waiver process?
Replies: 12
Views: 905

Re: Missed RMD - IRS penalty waiver process?

I have never heard of anyone being charged a penalty in the situation you described. Did you write RC with the amount of the RMD in parenthesis on the dotted line next to line 54 as well as a zero for the line itself?
by Katietsu
Tue Jun 19, 2018 2:46 pm
Forum: Personal Consumer Issues
Topic: gray hair
Replies: 121
Views: 6375

Re: gray hair

I would start with considering a change in hairstyles. Men can often put off the aging effect of the grey hair by 5 or 6 years by a change in hairstyle. If you buy solid good quality color, most people can DIY. I would consider starting with a shade lighter than your natural color. I am surprised by...
by Katietsu
Sun Jun 17, 2018 10:33 am
Forum: Investing - Help with Personal Investments
Topic: When most 401K savings are in one spouse's name
Replies: 18
Views: 2350

Re: When most 401K savings are in one spouse's name

Thank you for posting this. It has been on my mind the last couple years since my DH upped his retirement savings to over 60k a year. A majority are already in his name. I hope someone with answers instead of questions comes along. I started wondering in I should make non deductible traditional IRA ...
by Katietsu
Fri Jun 15, 2018 1:59 pm
Forum: Personal Finance (Not Investing)
Topic: Upping federal withholding allowances didn't work?
Replies: 15
Views: 1199

Re: Upping federal withholding allowances didn't work?

Here where you can find the publication that tells employers how much to withhold. https://www.irs.gov/pub/irs-pdf/p15.pdf Allowances are what you report on the W-4 to affect withholding. Allowances are related to dependents and many use the word interchangeably. But you do not actually claim depen...
by Katietsu
Fri Jun 15, 2018 12:47 pm
Forum: Personal Finance (Not Investing)
Topic: death certificates...hospice and 911
Replies: 32
Views: 2908

Re: death certificates...hospice and 911

Much of the answer depends upon local law and whether your local follows the ancient Coroner system or the more modern Medical Examiner system. Since I moved away from this rural area a long time ago, I don't follow all details. However, a few years ago, the County Coroner was not a physician - but...
by Katietsu
Fri Jun 15, 2018 12:31 pm
Forum: Personal Finance (Not Investing)
Topic: death certificates...hospice and 911
Replies: 32
Views: 2908

Re: death certificates...hospice and 911

I don't believe hospice had anything to do with the death certificate in the case I'm familiar with. Frankly hospice was very helpful until death and then things went downhill fast. Their overriding consideration was accounting for and destroying (an hours-long process) every drug. I found that whe...
by Katietsu
Fri Jun 15, 2018 12:27 pm
Forum: Personal Finance (Not Investing)
Topic: can we afford to spend $20K on travel annually
Replies: 89
Views: 6615

Re: can we afford to spend $20K on travel annually

Read some of the threads about traveling with kids that young. As I am sure you realize, you will need a different itinerary than in your pre-kid travel days. I think $20,000 seems like a lot but everyone has their own idea of travel lifestyle. Many of the things that young kids like - swimming in t...
by Katietsu
Thu Jun 14, 2018 1:32 pm
Forum: Personal Finance (Not Investing)
Topic: Upping federal withholding allowances didn't work?
Replies: 15
Views: 1199

Re: Upping federal withholding allowances didn't work?

Here where you can find the publication that tells employers how much to withhold. https://www.irs.gov/pub/irs-pdf/p15.pdf Allowances are what you report on the W-4 to affect withholding. Allowances are related to dependents and many use the word interchangeably. But you do not actually claim depend...
by Katietsu
Thu Jun 14, 2018 1:15 pm
Forum: Personal Finance (Not Investing)
Topic: Upping federal withholding allowances didn't work?
Replies: 15
Views: 1199

Re: Upping federal withholding allowances didn't work?

What is your filing status and your income from your job? What is the filing status on your W-4 or online equivalent?
by Katietsu
Thu Jun 14, 2018 11:11 am
Forum: Personal Finance (Not Investing)
Topic: add to DW 401k while withdrawing from (self) 403b?
Replies: 19
Views: 844

Re: add to DW 401k while withdrawing from (self) 403b?

I agree that it is likely not going to make much difference. There are a few things I can think of that could be impacted. If you and your wife are different ages, it will eventually affect RMD’s. And state taxes can sometimes be affected by how the income is split between spouses. Medicaid nursing ...
by Katietsu
Thu Jun 14, 2018 11:04 am
Forum: Personal Finance (Not Investing)
Topic: Experiences with 1099 INT reporting and/or manually adjusting state tax exempt US Agency bond interest?
Replies: 5
Views: 294

Re: Experiences with 1099 INT reporting and/or manually adjusting state tax exempt US Agency bond interest?

The general answer to your question is that the 1099-INT and 1099-DIV do not address state tax treatment. Sometimes they provide enough information directly to determine appropriate state tax treatment, ie US Savings Bond interest. Sometimes it can take a lot of research to obtain the information ne...
by Katietsu
Wed Jun 13, 2018 11:25 pm
Forum: Personal Consumer Issues
Topic: completely free background check website
Replies: 7
Views: 1454

Re: completely free background check website

You can get basic information, like address and age, free for most people. I also frequently see potential relatives listed but I do not know if I would rely on it. I usually just google the name and state and end up at a variety of web sites. Just tried it and ended up at fastpeoplesearch.com. It s...
by Katietsu
Wed Jun 13, 2018 10:57 pm
Forum: Investing - Help with Personal Investments
Topic: Role of Annuity For Savers Who have 20+ years until Retirement
Replies: 32
Views: 2264

Re: Role of Annuity For Savers Who have 20+ years until Retirement

Just last week, a co-worker talked about a Met Life annuity that he was considering. He cited an 8% guarantee for 6 years and no surrender charge at that point. While I was sure Met Life was not giving guaranteed money away, I did wonder where the catch was that this relatively savvy man surely mus...
by Katietsu
Wed Jun 13, 2018 10:23 pm
Forum: Investing - Help with Personal Investments
Topic: Role of Annuity For Savers Who have 20+ years until Retirement
Replies: 32
Views: 2264

Re: Role of Annuity For Savers Who have 20+ years until Retirement

A co-worker talked about a Brighthouse annuity that he was considering. She cited an 8% guarantee for 6 years and no surrender charge at that point. While I was sure Brighthouse was not giving guaranteed money away, I did wonder where the catch was that this relatively savvy person surely must be ov...
by Katietsu
Wed Jun 13, 2018 1:07 pm
Forum: Investing - Help with Personal Investments
Topic: [Looking for ways to reduce taxes and keep more of my income]
Replies: 91
Views: 8626

Re: Getting killed on taxes - any ideas?

OP comes across as a humble brag. Even on this forum, I doubt if more than 25% make that kind of money (though I could be wrong!). OP statistically is actually part of the 1%... I believe an income of $380k/yr or higher puts you in the top 1% in the entire country. And paying 22% tax on that kind o...
by Katietsu
Tue Jun 12, 2018 12:02 am
Forum: Personal Finance (Not Investing)
Topic: How to find a tax adviser?
Replies: 4
Views: 545

Re: How to find a tax adviser?

As far as dealing with the capital gains, I would seriously consider going back to the person who did the original return. It is so much easier for her to amend the return than it is for someone else to have to start by recreating the original. Then go look for someone different to help you with tax...
by Katietsu
Mon Jun 11, 2018 7:03 pm
Forum: Personal Finance (Not Investing)
Topic: death certificates...hospice and 911
Replies: 32
Views: 2908

Re: death certificates...hospice and 911

The appropiate procedure is going to depend on your locality. Talk to the hospice provider. In my experience, if death is anticipated within 24 hours, they will provide almost constant nursing staff if you wish. The hospice staff will coordinate with the funeral home. In one situation where hospice ...
by Katietsu
Mon Jun 11, 2018 4:23 pm
Forum: Personal Consumer Issues
Topic: How do you celebrate (potty trained kid) milestone with your spouse?
Replies: 93
Views: 4738

Re: How do you celebrate (potty trained kid) milestone with your spouse?

I too can’t relate to celebrating. But, you could get your wife something small and personal to show that you recognize the effort involved. For me, this is something like getting up early Saturday and driving 3 miles to bring back my favorite coffee drink and writing a message on the cup. Or it cou...
by Katietsu
Mon Jun 11, 2018 2:00 pm
Forum: Personal Finance (Not Investing)
Topic: Judgement Proof and in your 20's (Massachusetts)
Replies: 11
Views: 1682

Re: Judgement Proof and in your 20's (Massachusetts)

The best case would be for the person to at least develop a plan now. There are forums and websites that are dedicated to people in this situation where you might get better information than here. You do need to be careful because there are also those who “kick em when they are down.” I mean the per...
by Katietsu
Mon Jun 11, 2018 12:11 pm
Forum: Personal Finance (Not Investing)
Topic: Do I need an umbrella insurance policy?
Replies: 16
Views: 2064

Re: Do I need an umbrella insurance policy?

You break it, you buy it. Think of it like a car accident when the other driver is at fault. Their insurance would pay your damages. But, if they do not pay, your insurance would step in. Obviously, many stores will let the breakage of low value items pass as it is not worth the bad feelings to coll...
by Katietsu
Sun Jun 10, 2018 10:33 pm
Forum: Personal Consumer Issues
Topic: Foreign language immersion daycare
Replies: 50
Views: 2560

Re: Foreign language immersion daycare

We are expecting our first child this fall and are exploring childcare options.
I suspect that by next spring you may be laughing at yourselves when you think back on this decision. I think you may be underestimating how precious that 1.5 hours of time will be to you and your child.
by Katietsu
Thu Jun 07, 2018 10:15 pm
Forum: Personal Consumer Issues
Topic: Do you think I need FIOS Quantum Gateway router with 940Mbps speed?
Replies: 29
Views: 1719

Re: Do you think I need FIOS Quantum Gateway router with 940Mbps speed?

1) Is your current modem/router 10 years old? 2) If it is that old, then start by replacing it. You could start by renting the new modem/router for $3/ month. If that solves your problem, you know you do not need to consider solutions like a mesh system. 3) Read about how placement of the wifi route...
by Katietsu
Wed Jun 06, 2018 2:52 pm
Forum: Personal Finance (Not Investing)
Topic: Can a Retired 60 yo MD, MBA Start a Law Career?
Replies: 273
Views: 12456

Re: Can a Retired 60 yo MD, MBA Start a Law Career?

No one has really discouraged him from going to law school if he wants to be a lawyer or has a great interest in learning the law. That's not what he's after. He has basically asked is it realistic for him to take up the violin at age 60 and become a concert violinist with a major orchestra. +1, wi...
by Katietsu
Wed Jun 06, 2018 9:09 am
Forum: Personal Consumer Issues
Topic: Mobile Fax
Replies: 8
Views: 624

Re: Mobile Fax

DoTheMath wrote:
Wed Jun 06, 2018 6:25 am
There is the Genius Scan app for the Iphone. I use it to generate pdf files of documents when I need to email them to someone. For a fee they also also you to fax them. It works reasonably well.
Scanbot does the same thing. Pretty easy to use.
by Katietsu
Tue Jun 05, 2018 12:32 pm
Forum: Personal Finance (Not Investing)
Topic: Downsize due to tax law change?
Replies: 31
Views: 1692

Re: Downsize due to tax law change?

I think you are comparing the wrong two situations. You are using your your current house with the old tax law as your default. That situation does not exist. Forget about it. Sort of like a sunk cost with investing. The only question you need to ponder now is do I want to live in the current house ...
by Katietsu
Sun Jun 03, 2018 8:24 pm
Forum: Personal Consumer Issues
Topic: Is our monthly Personal money out of line?
Replies: 74
Views: 7451

Re: Is our monthly Personal money out of line?

It sounds like your wife’s spending is within a normal range for a household with a family income of $200,000. I feel I am very frugal, no mani/pedis, no expensive brands, etc. But I was surprised when I started adding up the the cost of a mid priced cut and color; mid priced cosmetics, moisturizers...
by Katietsu
Sun Jun 03, 2018 11:27 am
Forum: Investing - Help with Personal Investments
Topic: Millennial being offered participation in a pension plan
Replies: 4
Views: 672

Re: Millennial being offered participation in a pension plan

I am not sure about your analysis. Maybe I am not following you correctly. It seems unlikely that your salary would only be $170,000 in 20 years if it is $150,000 now. A 2% inflation adjustment would have you over $220,000. So that would mean that you think the $150,000 is high for the type of job, ...
by Katietsu
Sun Jun 03, 2018 3:13 am
Forum: Personal Finance (Not Investing)
Topic: 125K Spend - Would you do this ?
Replies: 53
Views: 4986

Re: 125K Spend - Would you do this ?

confusedinvestor wrote:
Sat Jun 02, 2018 12:10 am
another options would be to put a futon bed in our living room.
If you want to look into this option, check out Otis futon mattresses. They make products for both the consumer and medical market.
by Katietsu
Sat Jun 02, 2018 11:30 am
Forum: Personal Consumer Issues
Topic: Friends with an EJ Advisor
Replies: 49
Views: 3957

Re: Friends with an EJ Advisor

I would be comfortable letting him know that you are committed to managing your investments yourself. I would find it more awkward if I was using a different advisor.
by Katietsu
Fri Jun 01, 2018 11:15 pm
Forum: Personal Consumer Issues
Topic: Driving UHaul
Replies: 20
Views: 1992

Re: Driving UHaul

Have you considered https://www.upack.com/abf ? This is just the opposite of what I have always done. I have hired movers to load the truck and sometimes unload while I did the driving. I never thought the driving part was very difficult, up to the 22 ft or so truck. I would suggest timing your dri...
by Katietsu
Fri Jun 01, 2018 7:54 pm
Forum: Investing - Help with Personal Investments
Topic: [TAX] Have money invested in mutual funds, but plans changed.
Replies: 15
Views: 771

Re: [TAX] Have money invested in mutual funds, but plans changed.

Some questions to consider in making your decision: -How sure are you that you will want this $50000 in the next couple of years? -How would you handle a $10000 or $20000 loss? -How long before the $1800 is a long term gain? Are you sure the $1800 is all cap gain or is it part of the increase in val...
by Katietsu
Fri Jun 01, 2018 3:48 pm
Forum: Personal Finance (Not Investing)
Topic: I think I made an Traditional IRA mistake- Can it be fixed?
Replies: 60
Views: 3557

Re: I think I made an Traditional IRA mistake- Can it be fixed?

OP, I think you are still confused. EDIT: Until your last post. Good job. And I think many of the posts are adding to the confusion. You have a very simple situation if I understand correctly. You want to make a traditional IRA contribution. You have done this already. You want to take a tax deducti...
by Katietsu
Fri Jun 01, 2018 12:32 pm
Forum: Personal Consumer Issues
Topic: Advice for assisting 18 year old son after high school
Replies: 70
Views: 5238

Re: Advice for assisting 18 year old son after high school

I think the basic framework of the original plan is a good place to start. I have been part of a similar situation in the last year and the plan has mostly worked out. I agree with the person who talked about a crawl/walk/run progression. I view some of the suggestions in this thread to be akin to t...
by Katietsu
Fri Jun 01, 2018 11:18 am
Forum: Personal Finance (Not Investing)
Topic: UPDATE My Medigap Plan G went from 115 to 251
Replies: 33
Views: 3572

Re: My Medigap Plan G went from 115 to 251

The biggest risk with a MA plan is that you lose your ability to sign up for a Medigap plan without medical underwriting as long as any MA plan is offered in your area. So if you have two MA plans in your area, and the plan that worked well for you ceases to exist, you will need to move to the other...
by Katietsu
Wed May 30, 2018 4:57 pm
Forum: Personal Finance (Not Investing)
Topic: Have $3m at 33, "approach to career" advice needed
Replies: 99
Views: 12435

Re: Have $3m at 33, "approach to career" advice needed

I understand why many comments are towards starting your own business. I think if you have the right business idea and the right skills to make it successful, that would be a natural path. I would be concerned about starting a business just because you don’t see an available alternative that you lik...
by Katietsu
Tue May 29, 2018 2:21 pm
Forum: Personal Finance (Not Investing)
Topic: Can we retire in 2018?
Replies: 103
Views: 8443

Re: Can we retire in 2018?

Is the OP willing to move in order to obtain health insurance if necessary? If not, does the OP live in a state with a high likelihood of maintaining good access to health insurance if the ACA is changed? Also, is the expense number realistic? I say this as $1.5 million seems low for someone who has...
by Katietsu
Tue May 29, 2018 12:01 pm
Forum: Personal Consumer Issues
Topic: Advice on neighbor not keeping up his property...
Replies: 103
Views: 7422

Re: Advice on neighbor not keeping up his property...

Home ownership, what goes on within the 4 boundaries of the property line is the business of the homeowner, not the neighbor. Unless there is a true violation of town code or an immediate hazard to life and limb, you are going to need to learn to enjoy the view. Removing limbs from his property bec...
by Katietsu
Sat May 26, 2018 11:20 am
Forum: Personal Finance (Not Investing)
Topic: Does IRS penalize for overpayment of taxes?
Replies: 19
Views: 2030

Re: Does IRS penalize for overpayment of taxes?

masonstone wrote:
Fri May 25, 2018 7:39 pm
Can you give a portion of your previous years taxes to avoid being penalized? I have a CPA but obviously he's making mistakes.
Also consider if you should base your estimated payments on your previous year’s tax liability instead of your current year’s income.
by Katietsu
Fri May 25, 2018 9:48 am
Forum: Personal Consumer Issues
Topic: Alexa Echo sent family's audio file to a contact
Replies: 64
Views: 5737

Re: Alexa Echo sent family's audio file to a contact

I know they are wildly popular, but I for one will never purchase one of these devices. I just don't find myself having the problems these things are promoted to solve. 100% in agreement here. Seems like most of these smart devices are created to solve problems that really don't need solving in the...
by Katietsu
Fri May 25, 2018 9:21 am
Forum: Investing - Theory, News & General
Topic: Fear vs. reality. Don't worry. Be happy. [Outliving your retirement savings]
Replies: 41
Views: 4643

Re: Fear vs. reality. Don't worry. Be happy.

RetireBy55 wrote:
Thu May 24, 2018 5:24 pm
I can't fathom that the annual medical costs for "90% of retirees" is less than $2,000. Balderdash.
The premiums for Medicare Parts B and D with a mediocre Medigap policy will be more than that. They must not be including premiums in that estimate.
by Katietsu
Fri May 25, 2018 8:30 am
Forum: Investing - Theory, News & General
Topic: New Trend: Bonds in Roth IRA
Replies: 16
Views: 2543

Re: New Trend: Bonds in Roth IRA

I started with fixed income in Roth because I viewed the Roth accounts as a second tier emergency fund. I had no access to the money in the employer accounts, unless the emergency had involved job loss. I still have some fixed income there because it has a guaranteed minimum 4% rate that I have trou...
by Katietsu
Thu May 24, 2018 1:56 pm
Forum: Personal Finance (Not Investing)
Topic: Additional Liability of Getting Married (Protecting Taxable accounts)
Replies: 18
Views: 1815

Re: Additional Liability of Getting Married (Protecting Taxable accounts)

I think you have a false impression of a trust. Your fiancé can not just go open a revocable trust, put her brokerage account inside of it, retain full control and then be protected from divorce and lawsuits. This is the impression I too had earlier in my life from popular culture. If she is likely ...
by Katietsu
Thu May 24, 2018 12:15 pm
Forum: Personal Consumer Issues
Topic: Decision points on new Iphone
Replies: 19
Views: 1130

Re: Decision points on new Iphone

Your friend is probably referring to the idea that the 8 will be able to run the latest iOS and apps for longer than the 7. The 8 has the same performance as the X which is much improved over the 7. Also, the 8 you are looking at probably has twice as much storage as the 7. So, if it turns out that ...
by Katietsu
Mon May 21, 2018 8:32 pm
Forum: Personal Consumer Issues
Topic: Unknown issue porting FIOS number to Cox
Replies: 10
Views: 758

Re: Unknown issue porting FIOS number to Cox

I do not know the rules. But my experience has been that the one day porting time frame has been told to me when switching the number between two mobile phone carriers. When I ported out of Comcast, I was told that all their ports require 10-14 days. So 3-5 days would have been fast.
by Katietsu
Mon May 21, 2018 8:28 pm
Forum: Personal Finance (Not Investing)
Topic: Assisted Living tax deduction as medical expense
Replies: 23
Views: 1933

Re: Assisted Living tax deduction as medical expense

My wife gets a monthly statement of expenses (bill) from her mother's assisted living provider. We provided those 12 statements to the person that prepares my mother in law's taxes. As expected, medical expenses exceeded income. Please be careful. Many tax preparers do not distinguish between the d...
by Katietsu
Mon May 21, 2018 8:19 pm
Forum: Personal Finance (Not Investing)
Topic: property tax assessment
Replies: 9
Views: 931

Re: property tax assessment

There are people you can hire in my area that will handle everything for the amount they save you in taxes in the first year. A conversation with someone like that might give you an indication of your chance of a meaningful change.
by Katietsu
Mon May 21, 2018 8:05 pm
Forum: Investing - Help with Personal Investments
Topic: TIAA traditional/divorce/RMD questions
Replies: 12
Views: 770

Re: TIAA traditional/divorce/RMD questions

Here is some language from a TIAA form from a couple of years ago. I would see if you can find the information associated with your spouse’s accounts and then look into what might be done about it. "If my employer’s plan requires TIAA to issue me new Minimum Distribution Option Contracts, then payme...