Search found 1009 matches

by Katietsu
Mon Jan 15, 2018 7:36 pm
Forum: Investing - Theory, News & General
Topic: Invested in ROTH IRA but I appear to have crossed $186K mark
Replies: 15
Views: 2046

Re: Invested in ROTH IRA but I appear to have crossed $186K mark

I would not deal with 2018 right now. Yes, it might turn out to be a little better. But, when you are just starting to try to understand this stuff, it is not worth the hassle factor IMO. Get 2017 straight and do your first 8606.
by Katietsu
Mon Jan 15, 2018 12:30 am
Forum: Investing - Help with Personal Investments
Topic: 403b am I better off skipping 403b?
Replies: 9
Views: 726

Re: 403b am I better off skipping 403b?

They are required by the DOL to provide fees to you annually, so you shouldn’t need to ask. The sponsor of a plan affected by the regulations is required to provide an initial disclosure—followed by annual disclosures—to all participants, eligible nonparticipating employees, and beneficiaries. These...
by Katietsu
Sun Jan 14, 2018 11:58 pm
Forum: Personal Consumer Issues
Topic: Books on managing (household) finances for couples
Replies: 13
Views: 1065

Re: Books on managing (household) finances for couples

Have you tried using one of the budgeting apps. The two that I hear the most positive comments about for planning spending in advance are YNAB and Dave Ramsey’s EveryDollar?
by Katietsu
Sun Jan 14, 2018 8:19 pm
Forum: Personal Finance (Not Investing)
Topic: Credit card cash reward for payment
Replies: 10
Views: 1214

Re: Credit card cash reward for payment

Hi, I was reading this "Credit Card Strategy" thread: https://www.bogleheads.org/forum/viewtopic.php?t=192008 But I can not find the credit cards that offer cash reward for payment (not purchase). For example, I can pay my rent to the land lord, my child care expense to the child care provider, my ...
by Katietsu
Sat Jan 13, 2018 11:14 pm
Forum: Investing - Help with Personal Investments
Topic: Need to move "safe" money to another place
Replies: 16
Views: 1382

Re: Need to move "safe" money to another place

1) I was told that, legally, a FDIC insured bank account can NOT have contigent beneficiaries. So, I don’t think you can do exactly what you want. You would have to slightly adjust your plan. 2) If the person listed on your bank account is deceased then the money goes to your estate. If you have a w...
by Katietsu
Sat Jan 13, 2018 7:00 pm
Forum: Personal Finance (Not Investing)
Topic: Trustee vs POA
Replies: 27
Views: 1352

Re: Executor vs POA

I am now thinking that I could be sued as a trustee just as easily as a POA by a caregiver who is injured helping my brother..... Anyone involved in anyway can be sued even if you are not a POA or a trustee. But as said previously, this would be unusual in your situation you describe. That said, a ...
by Katietsu
Sat Jan 13, 2018 3:27 pm
Forum: Personal Consumer Issues
Topic: Replacement Suggestions For Microwave Oven
Replies: 22
Views: 1194

Re: Replacement Suggestions For Microwave Oven

I dragged my feet on a microwave replacement and was surprised to be so pleased when I got the new one. To start with it was higher wattage and just took so much less time. My favorite feature is the inverter defrost. This works really well to defrost an item evenly so you don’t end up with tough ed...
by Katietsu
Sat Jan 13, 2018 3:16 pm
Forum: Personal Consumer Issues
Topic: wireless dead again - router suggestions?
Replies: 35
Views: 1624

Re: wireless dead again - router suggestions?

I have the Netgear Nighthawk. It has been running continually with no problem for 2 years or so. I have never even had to reboot it- though I guess a few power outages would have done that. I use it with half a dozen devices including iOS, Android and windows based. My good old Linksys 54g is well o...
by Katietsu
Sat Jan 13, 2018 12:15 pm
Forum: Investing - Help with Personal Investments
Topic: mlp's Master Limited Partnerships
Replies: 24
Views: 1419

Re: mlp's Master Limited Partnerships

If you bought a MLP - you would probably regret it. It will really complicate your taxes since these are reported on a K1 - and are tricky to enter. And if you don't do your taxes yourself - your accountant will probably charge more money for the extra complication. Also, HR Tax Cut does not suppor...
by Katietsu
Fri Jan 12, 2018 10:18 pm
Forum: Personal Finance (Not Investing)
Topic: Credit card keeps getting hacked, even when unused! (4x now!)
Replies: 49
Views: 7717

Re: Credit card keeps getting hacked, even when unused! (4x now!)

This is all fine and good, but if you ever travel out of the country, an ATM-only card is not going to work, and you won't find your own bank's ATM machines there. So, you just won't be able to obtain cash. At least in Europe my ATM only card has worked just fine but it has been a few years since I...
by Katietsu
Fri Jan 12, 2018 6:17 pm
Forum: Personal Finance (Not Investing)
Topic: New Tax Plan - How to make the most of it?
Replies: 43
Views: 4427

Re: New Tax Plan - How to make the most of it?

I know. But I mean, part of the reason I'm max-ing the retirement contributions is to save tax. In 2017, if I don't make any contributions to retirements, I'm in the 28% bracket and pay $28.3k tax. When I max the contributions, I bring myself from 28% to 25% bracket and pay $17.5k tax. I save $10.8...
by Katietsu
Fri Jan 12, 2018 5:57 pm
Forum: Personal Consumer Issues
Topic: First time Medicare question
Replies: 18
Views: 884

Re: First time Medicare question

This has to do specifically with the parameters of the “Welcome to Medicare” exam. This is not the first time this has been discussed here. Here is a link that discusses what is included. https://www.medicareinteractive.org/get-answers/medicare-covered-services/preventive-care-services/welcome-to-me...
by Katietsu
Fri Jan 12, 2018 5:43 pm
Forum: Investing - Help with Personal Investments
Topic: Alternatives to 401K
Replies: 14
Views: 887

Re: Alternatives to 401K

There is no additional tax savings with a 401k over a 403b in general. Both will have the same contribution limit, sometimes the 403b is higher. Both will reduce your income in the same way. Neither seems to have bad options. Are you dual employed that you have access to both a 401k and a 403b?
by Katietsu
Fri Jan 12, 2018 5:34 pm
Forum: Investing - Help with Personal Investments
Topic: Reasoning behind Backdoor Roth IRA
Replies: 11
Views: 657

Re: Reasoning behind Backdoor Roth IRA

I am not suggesting that I have any insight into how the legislation ended up as is. However, at the time the law was changed most conversions resulted in a boost in income tax collections. There are still a lot of us affected by the pro rata rule who can not do the tax free backdoor Roth.
by Katietsu
Fri Jan 12, 2018 1:25 pm
Forum: Personal Finance (Not Investing)
Topic: why do banks bother offering lousy CD rates?
Replies: 49
Views: 4553

Re: why do banks bother offering lousy CD rates?

I know people who...are afraid of sending money to a place that they cannot walk into within 5 miles of their home. This is applies to both my parents and my in-laws. I've been trying to educate them on internet bank for years - they'll have none of it (for the reason livesoft mentioned). At least ...
by Katietsu
Thu Jan 11, 2018 11:06 pm
Forum: Investing - Help with Personal Investments
Topic: Do I have a government 457B?
Replies: 21
Views: 961

Re: Do I have a government 457B?

To OP: Many of us are very careful to cross every t and dot all i’s. But since you have done more than your due diligence and are still skeptical, what is giving you cause for concern. Governmental vs non governmental 457 plans are very different beasts and it is unlikely that anyone would confuse t...
by Katietsu
Thu Jan 11, 2018 10:57 pm
Forum: Investing - Help with Personal Investments
Topic: Wisdom of funding children's roth IRAs for disabled sibling
Replies: 10
Views: 510

Re: Wisdom of funding children's roth IRAs for disabled sibling

I do not think you were trying to do anything illegal. However, my question is whether the basis of your plan is valid. SSI and Medicaid, in my experience, include gifts in determining eligibility.
by Katietsu
Thu Jan 11, 2018 10:42 pm
Forum: Investing - Help with Personal Investments
Topic: Newbie Working Mom needs advice
Replies: 8
Views: 746

Re: Newbie Working Mom needs advice

Move the retirement money. It is in IRA’s of one type or another so there is no tax consequences to changing investments. As far as where to move it to, you can pick from any of the low cost advisors. My personal experience has been that Fidelity has the best customer service. I am sure you will get...
by Katietsu
Thu Jan 11, 2018 10:02 pm
Forum: Investing - Help with Personal Investments
Topic: Help with Mandatory IRA distributions. The IRS will take my money away!!
Replies: 29
Views: 1904

Re: Help with Mandatory IRA distributions. The IRS will take my money away!!

Speak to the tax advisor about moving bond allocation to tax deferred and purchasing more equities in the taxable accounts.

There is a wiki called Tax Efficient Fund Placement that addresses this. Sorry, not sure how to put the link in here.
by Katietsu
Thu Jan 11, 2018 9:54 pm
Forum: Investing - Help with Personal Investments
Topic: Help with Mandatory IRA distributions. The IRS will take my money away!!
Replies: 29
Views: 1904

Re: Help with Mandatory IRA distributions. The IRS will take my money away!!

Over certain income limits will reflect an increase also in your Medicare. Presently about $87k single and $170 married. On another note. I do not understand the give to charity to take advantage of it on your taxes. I am not well versed in the actual dollar figures, but it seems to me that you hav...
by Katietsu
Thu Jan 11, 2018 9:36 pm
Forum: Personal Finance (Not Investing)
Topic: Elder Law Plan for my Parents & Cost: Move forward?
Replies: 9
Views: 1033

Re: Elder Law Plan for my Parents & Cost: Move forward?

Some of this is philosophical differences not objective financial planning. I think your primary goal should be to use your parents assets to make sure they are OK first and foremost. I would be most worried about your mother’s ability to fund her life 1) after your father goes to an institution and...
by Katietsu
Thu Jan 11, 2018 8:27 pm
Forum: Personal Consumer Issues
Topic: Hulu, Your Current Favorite Show
Replies: 9
Views: 655

Re: Hulu, Your Current Favorite Show

My suggestion is to use a computer or tablet to identify shows and then put it in the My Stuff folder.

The Lineup will give suggestions based on past viewing.

If you like Goldbergs, you will probably like Fresh off the Boat.
by Katietsu
Thu Jan 11, 2018 7:11 pm
Forum: Personal Finance (Not Investing)
Topic: why do banks bother offering lousy CD rates?
Replies: 49
Views: 4553

Re: why do banks bother offering lousy CD rates?

Inertia. That is why special rate CD’s are oddball lengths of time like 15 months. That way the person who put $20,000 in a 1 year CD 15 years ago never gets the special rate. How many people do you think even know what a Treasury is? I do have money at .15% in my local bank. It gets me the fee waiv...
by Katietsu
Thu Jan 11, 2018 1:53 pm
Forum: Investing - Help with Personal Investments
Topic: Undoing a Non deductible Traditional IRA contribution
Replies: 1
Views: 104

Re: Undoing a Non deductible Traditional IRA contribution

Wait to convert. It sounds like the retirement funds will only be in a traditional IRA for a short time. The balance on Dec 31 is all that matters. So around Thanksgiving, you can decide whether converting the non deductible IRA contribution in 2018 is OK or you need to just do it in 2019. That said...
by Katietsu
Thu Jan 11, 2018 1:24 pm
Forum: Personal Consumer Issues
Topic: Best Sources to Buy Prescriptions Out of Pocket
Replies: 47
Views: 2616

Re: Best Sources to Buy Prescriptions Out of Pocket

I have used goodrx and like it. Super easy - print off the coupon/discount, hand it to the pharmacist, and viola. I've never been asked any questions or had any push back. The prices on goodrx do change periodically. A medicine that I first had filled last fall is now showing $6.67 (~17%) more expe...
by Katietsu
Thu Jan 11, 2018 12:34 pm
Forum: Personal Finance (Not Investing)
Topic: Trying to downsize but still too much stuff
Replies: 49
Views: 4373

Re: Trying to downsize but still too much stuff

What are the electronic devices and CD’s. Is it time to upgrade to a good smartphone with the music stored digitally on it. For me this “box” would be a laptop bag with a tablet tucked in. If space was an issue, I would not move things like a printer since those are almost sold as a loss leader. I u...
by Katietsu
Thu Jan 11, 2018 11:39 am
Forum: Personal Consumer Issues
Topic: Trying to help acquaintence - medicare costs
Replies: 63
Views: 1984

Re: Trying to help acquaintence - medicare costs

The plan offered to retirees may not have a comparable plan available to the general public. The best teachers retiree plan here is about $250 a month to the retiree. The price of this same plan to a member of a smaller trade union is $600 a month. However, the plan’s benefits far exceed anything I ...
by Katietsu
Thu Jan 11, 2018 12:59 am
Forum: Personal Finance (Not Investing)
Topic: Unusual Will/Probate Situation
Replies: 15
Views: 1050

Re: Unusual Will/Probate Situation

My aunt’s estate was handled by the small town law office that drew up the will. They served as executor as well as handling probate.
by Katietsu
Wed Jan 10, 2018 4:37 pm
Forum: Personal Consumer Issues
Topic: Best Sources to Buy Prescriptions Out of Pocket
Replies: 47
Views: 2616

Re: Best Sources to Buy Prescriptions Out of Pocket

First of all, have you exhausted all means to have it covered by insurance. And have you spoken to your physician about this change? Often there is an alternative medication, sometimes that works better, that is covered. The physician may also be able request insurance coverage of a medication other...
by Katietsu
Wed Jan 10, 2018 3:10 pm
Forum: Personal Finance (Not Investing)
Topic: Elder Law Plan for my Parents & Cost: Move forward?
Replies: 9
Views: 1033

Re: Elder Law Plan for my Parents & Cost: Move forward?

$8500 is more than double the numbers I have heard of around here. But it seems like you are asking the lawyer to do things that would be unusual as part of the elder care planning process. I am concerned that the lawyer seems to want you to think he is doing amazing complex stuff as opposed to expl...
by Katietsu
Tue Jan 09, 2018 11:53 pm
Forum: Personal Finance (Not Investing)
Topic: Use Roth401k to take full advantage of Child Tax Credit?
Replies: 6
Views: 515

Re: Use Roth401k to take full advantage of Child Tax Credit?

I think that you are in an area where you will get the $10,000 child tax credit whether you use the traditional or Roth version of the 401k. I think your decision is just the same old marginal tax bracket now or later. This is not true for everyone. But it appears to me that even with a $18,500 trad...
by Katietsu
Tue Jan 09, 2018 11:23 pm
Forum: Investing - Help with Personal Investments
Topic: Maybe not a win for teachers/I need some advice
Replies: 46
Views: 2723

Re: Maybe not a win for teachers/I need some advice

The other issue for an employer in making this decision is the average value of each employee’s account. In other words, if most employees have an account balance under $10,000 then a $100 per account charge is at least 1% and potentially much higher. They should be trying to choose what is fair for...
by Katietsu
Tue Jan 09, 2018 8:02 pm
Forum: Personal Finance (Not Investing)
Topic: Health insurance without the hassle?
Replies: 25
Views: 2362

Re: Health insurance without the hassle?

What are you looking for that your current plan does not offer? Knowing that may lead to people giving you answers that are more useful to you. I do not know how f there are some lucky people out there that can still just go to any doctor and get any treatment and have it payed for. I do know that t...
by Katietsu
Tue Jan 09, 2018 7:45 pm
Forum: Personal Finance (Not Investing)
Topic: What To Do about DH – Dark Clouds on the Horizon
Replies: 9
Views: 2622

Re: What To Do about DH – Dark Clouds on the Horizon

Yes, I would be educating myself as to options, I would be making adjustments to lessen the work load, and I would take a trip if desired. On the other hand, just personal observation, Parkinsons seems to progress so very differently from person to person. Some of this you will just have to roll wit...
by Katietsu
Tue Jan 09, 2018 5:38 pm
Forum: Personal Finance (Not Investing)
Topic: How do you add someone to a will if you don't know their Social?
Replies: 19
Views: 2237

Re: How do you add someone to a will if you don't know their Social?

First of all, I agree that SSN or DOB information should be in a accompanying document not the will that will be public and possibly sent to all beneficiaries. The question I for the OP is: are you sure you can not obtain a birth date? I can’t think of a single person - even the relative of a friend...
by Katietsu
Tue Jan 09, 2018 3:12 pm
Forum: Investing - Help with Personal Investments
Topic: Maybe not a win for teachers/I need some advice
Replies: 46
Views: 2723

Re: Maybe not a win for teachers/I need some advice

Not sure why the OP would file a complaint because Aspire does not charge more... However, in my retirement program Vanguard funds are offered at the same cost as the corresponding Vanguard’s institutional plus classes. We have to pay an overall maintenance fee of $35/year, but we are not complaini...
by Katietsu
Tue Jan 09, 2018 2:52 pm
Forum: Personal Consumer Issues
Topic: Men's no iron dress shirt recommendations
Replies: 66
Views: 3916

Re: Men's no iron dress shirt recommendations

My husband has LL Bean, Joseph Banks Travelers, Brooks Brother and Charles Tyrwhitt. We felt LL Bean lost its wrinkle free the fastest so quit buying them. For us, Joseph A Banks Traveler works the best. For any of them, get on their email lists. Best prices for Charles Tyrwhitt and Joseph A Banks s...
by Katietsu
Tue Jan 09, 2018 2:43 pm
Forum: Personal Finance (Not Investing)
Topic: Overwhelmed with how to handle taxes on large inherited portfolio.
Replies: 24
Views: 1618

Re: Overwhelmed with how to handle taxes on large inherited portfolio.

Paying estimated taxes is not what should concern you. For that, even if you felt overwhelmed, you could have a tax preparer advise you and do your taxes for you, for somewhere between $200 and $800, would be my best guess with the little information we have. You might need financial advise to help ...
by Katietsu
Tue Jan 09, 2018 10:30 am
Forum: Personal Finance (Not Investing)
Topic: Stand Alone Umbrella Insurance
Replies: 37
Views: 2431

Re: Stand Alone Umbrella Insurance

You will probably pay more than you're already paying at GEICO, though. 20% is a very reasonable increase for a second car. You may not drive more, but people who buy a second car apparently drive 20% more on average. That's why the insurance company charges 20% more. In my case, it's a 3rd car, wi...
by Katietsu
Tue Jan 09, 2018 3:59 am
Forum: Personal Consumer Issues
Topic: When to drop comprehensive auto coverage?
Replies: 25
Views: 2439

Re: When to drop comprehensive auto coverage?

I totaled a car in an accident had only comprehensive coverage. When I reported it to my insurance agent, she asked if any glass was broken. I said, yes, 3 windows including the windshield. So I received over half the value of the car this way despite having no collision.
by Katietsu
Tue Jan 09, 2018 12:28 am
Forum: Investing - Help with Personal Investments
Topic: Brokerage account and IRS question
Replies: 13
Views: 1104

Re: Brokerage account and IRS question

It makes no difference if the money is invested in mutual funds or is sitting in your savings account. The bigger question is are you suggesting that your girlfriend is making money in cash from her business that she then uses to pay you without either of you reporting it as taxable income? This wou...
by Katietsu
Mon Jan 08, 2018 11:48 pm
Forum: Investing - Help with Personal Investments
Topic: A newb question about using Fin planner
Replies: 43
Views: 1537

Re: A newb question about using Fin planner

You said you have an S Corp with no employees. Is this $15000-$25000 meant to be invested for a very long time? If so, then I would go to a place like Fidelity, and open a solo 401k. This can be pre-Tax like a traditional IRA or can be the Roth version. Then, invest it in a low cost target retiremen...
by Katietsu
Mon Jan 08, 2018 9:59 pm
Forum: Personal Finance (Not Investing)
Topic: Minimizing effect of first speeding ticket
Replies: 28
Views: 2015

Re: Minimizing effect of first speeding ticket

Personally, I do not know anyone who has had their insurance rates increased for a single 5 mph speeding ticket unless they also needed to make a change to their insurance policy. So, this would not be a good time to change deductibles or ask for a good student discount. Concentrate on not getting a...
by Katietsu
Mon Jan 08, 2018 9:46 pm
Forum: Personal Finance (Not Investing)
Topic: Life at a crossroad: seeking advice
Replies: 54
Views: 6633

Re: Life at a crossroad: seeking advice

I recall seeing several studies where job satisfaction was linked to how much control one had over their job. It seems like this lack of control along with a poor manager might be the greatest sources of stress in your job not the actual field.
by Katietsu
Mon Jan 08, 2018 2:48 pm
Forum: Personal Finance (Not Investing)
Topic: Insurance fatigue...please recommend where/how to shop for insurance
Replies: 3
Views: 421

Re: Insurance fatigue...please recommend where/how to shop for insurance

Using an agent is not generically more costly. Getting an online quote from State Farm vs an agent should not make a difference. And an independent agent may be able to look at your demographics and know which companies would be a good fit. Progressive does not have a good reputation in my area and ...
by Katietsu
Mon Jan 08, 2018 2:29 pm
Forum: Personal Finance (Not Investing)
Topic: Private vs. Federal Student Loans?
Replies: 8
Views: 336

Re: Private vs. Federal Student Loans?

Federal loans have a lot more options to pay them back. You have things like income based repayment and PSLF. It does not sound like these things are likely to be relevant to the OP but most borrowers should use federal student loans over private ones.
by Katietsu
Mon Jan 08, 2018 2:16 pm
Forum: Personal Consumer Issues
Topic: Best Phone Plan for 1 person
Replies: 86
Views: 3648

Re: Best Phone Plan for 1 person

It sounds like the general consensus is to go with either the Google Fi service or AT&T prepaid (which both look like good options). It is going to be hard for me to fork over $700 for the iPhone 8 but $40/mo for unlimited talk, text, and 6GB of data with a $50 reimbursement/month will be nice. Any...
by Katietsu
Mon Jan 08, 2018 12:53 pm
Forum: Personal Consumer Issues
Topic: Frozen Pipes
Replies: 30
Views: 3385

Re: Frozen Pipes

I would like OP to provide closure on this topic. I am hoping that this was NOT frozen pipes but rather just the issue with the dishwasher which might have been fixed with a simple reboot of dishwasher! It was frozen pipes, but a fix occurred to me: unblock the interior basement window that opened ...
by Katietsu
Sun Jan 07, 2018 11:24 pm
Forum: Personal Finance (Not Investing)
Topic: Tax question regarding estimated taxes
Replies: 11
Views: 1015

Re: Tax question regarding estimated taxes

1) Yes. Go increase your withholding now for 2018.
2) Yes, you can just file your taxes and pay in February. It sounds like you are only talking about an extra $4000 in income. Good chance that this will not create a penalty situation anyway.
by Katietsu
Sun Jan 07, 2018 9:55 pm
Forum: Personal Consumer Issues
Topic: Best Phone Plan for 1 person
Replies: 86
Views: 3648

Re: Best Phone Plan for 1 person

Do you have comcast internet? If so, take a look at https://www.bogleheads.org/forum/viewtopic.php?t=220754 My parents have a Comcast account and my roommate is the one that pays our current Comcast internet bill? Would either of those work? As long as the roommate or parents are OK with it. I beli...