Search found 347 matches

by 47Percent
Tue Nov 20, 2018 2:12 pm
Forum: Personal Finance (Not Investing)
Topic: Credit Card for International Travel
Replies: 67
Views: 6489

Re: Credit Card for International Travel

Are you a member of Costco? The Costco credit card is a good option. No annual fee, no foreign transaction fee, and great cash back. I second it. Not only that, just to get this card you should consider joining Costco. For $60 it's a bargain. In adddition to the No foreign Tx fee, great cash back (...
by 47Percent
Sun Nov 18, 2018 12:02 pm
Forum: Personal Finance (Not Investing)
Topic: ACA cliff and MAGI; to ACA or Cobra?
Replies: 9
Views: 798

Re: ACA cliff and MAGI; to ACA or Cobra?

If you are eligible for 401(K), talk to HR and see how you can make the contribution for the maximum from your PTO/Bonus. This has to be done with no margin for error, as once the paycheck processing is done there won't be any recourse. They will hem and haw and nobody will be sure, but you need to ...
by 47Percent
Fri Nov 16, 2018 11:20 am
Forum: Personal Finance (Not Investing)
Topic: Need help with kiddie tax (form 8615) to estimate AGI & Tax
Replies: 3
Views: 295

Re: Need help with kiddie tax (form 8615) to estimate AGI & Tax

Both form 8615 and instructions for year 2018 are available on the IRS website. Here are the links: https://www.irs.gov/pub/irs-pdf/f8615.pdf https://www.irs.gov/pub/irs-pdf/i8615.pdf Happy reading and working thru the worksheets. Thanks so much.. ;-) I was asking whether to turn into the skid or a...
by 47Percent
Fri Nov 16, 2018 9:59 am
Forum: Personal Finance (Not Investing)
Topic: Need help with kiddie tax (form 8615) to estimate AGI & Tax
Replies: 3
Views: 295

Re: Need help with kiddie tax (form 8615) to estimate AGI & Tax

Reposting just once more, as this seems to have rolled off.
by 47Percent
Wed Nov 14, 2018 3:16 pm
Forum: Personal Finance (Not Investing)
Topic: Need help with kiddie tax (form 8615) to estimate AGI & Tax
Replies: 3
Views: 295

Need help with kiddie tax (form 8615) to estimate AGI & Tax

I will be filing 1040 for my minor son who would have some unearned income, but no earned income. With the new TCJA, the kiddie tax calculations have changed, somewhat for the better for unearned income in the low thousands. At this time, without the help of any tax software it is difficult to get a...
by 47Percent
Mon Nov 05, 2018 3:46 pm
Forum: Personal Finance (Not Investing)
Topic: Are we in trouble?
Replies: 106
Views: 12913

Re: Are we in trouble?

Sorry to be blunt. You made the mistake of going to a lower cost of living state and spending 50% more on a home. Plus you're now in a price range that only a few can afford. Drop the price of the CHI home now. Why wait 5 more months to do that? Welcome to new construction. That delay probably won'...
by 47Percent
Sun Nov 04, 2018 9:58 am
Forum: Personal Finance (Not Investing)
Topic: HealthCare 2019 - No ACA Subsidy
Replies: 55
Views: 4047

Re: HealthCare 2019 - No ACA Subsidy

And I have no pre-existing conditions. Here is a a real world example from 20+ year that happened to a neighbor of mine. Back then when you changed jobs there was a pre-existing condition clause on you new health insurance. A year or so after they changed jobs they had some sinus problems and had a...
by 47Percent
Sat Nov 03, 2018 5:20 pm
Forum: Personal Finance (Not Investing)
Topic: Falling off the ACA subsidy cliff
Replies: 62
Views: 5076

Re: Falling off the ACA subsidy cliff

So if either son earned less than $12K in 2018, that son´s income will not be included in your ACA household MAGI. (And this is true even if they *choose* to file a tax return in order to get a refund of their taxes.) Excellent point! Your statement in parenthesis about "even if you file a return …...
by 47Percent
Sat Nov 03, 2018 12:15 pm
Forum: Personal Finance (Not Investing)
Topic: Falling off the ACA subsidy cliff
Replies: 62
Views: 5076

Re: Falling off the ACA subsidy cliff

JackoC is right on target. There are many misconceptions about the ACA cliff. If you are under the cliff your healthcare is CAPPED at 9.5% of income. If you go over the cliff, w..aa..t..ch...oo..u..t... No CAP. That's why it is called a cliff. As health care expenses are typically about 25-30% of in...
by 47Percent
Thu Nov 01, 2018 11:28 am
Forum: Personal Finance (Not Investing)
Topic: Falling off the ACA subsidy cliff
Replies: 62
Views: 5076

Re: Falling off the ACA subsidy cliff

47Percent, I think you are looking at this just from the ACA-eligibility perspective whereas I'm looking at the long term view. I also assumed the kids were dependents. What does that have to do with them (or the parents) contributing to a Roth (for them)? The OP would still need to lower their fam...
by 47Percent
Wed Oct 31, 2018 1:11 pm
Forum: Personal Finance (Not Investing)
Topic: Falling off the ACA subsidy cliff
Replies: 62
Views: 5076

Re: Falling off the ACA subsidy cliff

Them contributing to their own IRA is an option. The downside (other than them feeling it is money taken out of their hand) is that it will be taxed at ordinary income rates when withdrawn, whereas it is at near zero rate now. You need to weigh the benefits. It is to the kids' benefit to contribute...
by 47Percent
Wed Oct 31, 2018 11:59 am
Forum: Personal Finance (Not Investing)
Topic: Falling off the ACA subsidy cliff
Replies: 62
Views: 5076

Re: Falling off the ACA subsidy cliff

Thanks for all the replies. My last IRA withdrawal was within the last 60 days, so I could return that and be a safe distance from the cliff. But I wouldn't have enough liquid assets to cover expenses through the end of the year. I do have a few options to cover that: 1) I have an existing HELOC (c...
by 47Percent
Tue Oct 23, 2018 1:45 pm
Forum: Personal Finance (Not Investing)
Topic: How much money do you want to retire?
Replies: 658
Views: 83632

Re: How much money do you want to retire?

The main deterrent I see for FIRE (Other than the money itself) is peer pressure and not really knowing what to do with one's time. In most social conversations, the second or third question that comes up is "what do you do".. If you tell them anything other than a position and a company name, the c...
by 47Percent
Wed Oct 17, 2018 2:01 pm
Forum: Personal Finance (Not Investing)
Topic: Amended return required when error only impacts capital loss carryforward?
Replies: 4
Views: 439

Re: Amended return required when error only impacts capital loss carryforward?

I had to amend my 1040 in one tax year twice... i.e amend an amended return. In both the cases, there was no change to the tax owed or refund amount. Only the carry forward amounts changed. Each amendment took a couple of months to process. I had to wait for the first one to be done before filing th...
by 47Percent
Sun Oct 14, 2018 1:04 pm
Forum: Personal Finance (Not Investing)
Topic: Fidelity "FidSafe" Free online storage of documents - is this safe?
Replies: 26
Views: 6752

Re: Fidelity "FidSafe" Free online storage of documents - is this safe?

echo post above, wondering what the catch is that this is free? (just read about this service) It is not inconceivable that companies can spend some amount of money to generate good will and customer loyalty. The people who actually end up using Fidsafe will probably have significant amount with Fi...
by 47Percent
Tue Oct 09, 2018 9:59 am
Forum: Personal Finance (Not Investing)
Topic: Fidelity Visa Signature: Car Rental, No Collision/Comprehensive
Replies: 17
Views: 1773

Re: Fidelity Visa Signature: Car Rental, No Collision/Comprehensive

Also $500 is a scratch. If you got rear-ended and anything got bent or broken it was close to $5000. You were lucky you didn't get hit with loss-of-use, which your card wouldn't have covered. Fidelity visa covers loss-of-use; even Amex platinum doesn't "Covered losses include: • Physical damage and...
by 47Percent
Tue Oct 09, 2018 8:34 am
Forum: Personal Finance (Not Investing)
Topic: Fidelity Visa Signature: Car Rental, No Collision/Comprehensive
Replies: 17
Views: 1773

Re: Fidelity Visa Signature: Car Rental, No Collision/Comprehensive

Also $500 is a scratch. If you got rear-ended and anything got bent or broken it was close to $5000. You were lucky you didn't get hit with loss-of-use, which your card wouldn't have covered. Fidelity visa covers loss-of-use; even Amex platinum doesn't "Covered losses include: • Physical damage and...
by 47Percent
Mon Oct 08, 2018 1:57 pm
Forum: Personal Finance (Not Investing)
Topic: Need Health Insurance (Non-ACA Options)
Replies: 80
Views: 5594

Re: Need Health Insurance (Non-ACA Options)

I own a small business and have been on a small business Health Insurance plan for years. However, my staff are now either on their spouses plans, or ACA plans because it is less expensive (basically free) because of their income. They all work under 30 hours per week. $20K total health insurance e...
by 47Percent
Sun Oct 07, 2018 2:31 pm
Forum: Personal Finance (Not Investing)
Topic: When the $2000 deductible bites you in the rear end!
Replies: 30
Views: 4227

Re: When the $2000 deductible bites you in the rear end!

That particular driving situation always frustrates me. They think they’re being nice but it just creates a dangerous situation. Better they keep going and you’ll make your turn when an opening comes up naturally. I feel your pain. For those people who are "aggressively nice" (NOT..), the best way ...
by 47Percent
Sat Oct 06, 2018 11:38 am
Forum: Personal Finance (Not Investing)
Topic: 20 countries where 200K in retirement savings will last you decades
Replies: 75
Views: 9289

Re: 20 countries where 200K in retirement savings will last you decades

It's good to see this kind of list on a MSM site. Retirees' reportedly fear running out of money more than death, and articles like this demonstrate the folly of that line of thinking. There are several places on that list that I would be very open to retiring to if the need arose. Just an FYI. Thi...
by 47Percent
Fri Oct 05, 2018 2:21 pm
Forum: Personal Finance (Not Investing)
Topic: Can't handle being in debt (mentally)
Replies: 42
Views: 5114

Re: Can't handle being in debt (mentally)

Posted a while back about a close friend who was on the verge of using his Roth IRA to payoff his debt. He is not in the greatest financial situation as far as overall wealth. However his debt is small in the grand scheme of things. Initially he tried setting up a payment plan to eliminate the debt...
by 47Percent
Wed Sep 26, 2018 11:42 pm
Forum: Personal Finance (Not Investing)
Topic: Tax consequence of inheriting international property
Replies: 16
Views: 1656

Re: Tax consequence of inheriting international property

what will happen if the house get transferred now to my wife and her sister through settlement in India and they sell the house only few years after their dad's death . How will that affect the taxes in India and in the US. I know that we may have to rent the house for few years and it could be a p...
by 47Percent
Wed Sep 26, 2018 11:04 pm
Forum: Personal Finance (Not Investing)
Topic: 529 for Private Elementary School? Minimize capital gains?
Replies: 11
Views: 1191

Re: 529 for Private Elementary School? Minimize capital gains?

All this talk about concern of over-funding 529 really perplexes me. I am really trying to understand. How much exactly folks are afraid of overfunding? $10k? $30k? $50K? If it is in the 10-20% of the total amount range, why not just transfer the amount over to a sibling or if no siblings, just make...
by 47Percent
Wed Sep 26, 2018 4:28 pm
Forum: Personal Finance (Not Investing)
Topic: Has anyone else noticed that HDHP are actually better for those needing expensive Rx?
Replies: 18
Views: 2350

Re: Has anyone else noticed that HDHP are actually better for those needing expensive Rx?

It is not a real surprise. The medical inflation has been close to, if not actually in, double digits for a long time. So, if you have any medical issues at all, you are very, very likely to go over the out of pocket max. The non HDHP plans come out ahead only in the narrowest cases where the expens...
by 47Percent
Sun Sep 23, 2018 7:50 pm
Forum: Personal Finance (Not Investing)
Topic: Tax consequence of inheriting international property
Replies: 16
Views: 1656

Re: Tax consequence of inheriting international property

So you are saying that when there is a subsequent sale by a US taxpayer the asset has a basis equal to date of death value? Gill Only for US tax reporting. For Indian tax reporting, the basis still remains as original purchase price. But whether sold by original owner or by inheritor, in India real...
by 47Percent
Sun Sep 23, 2018 2:08 pm
Forum: Personal Finance (Not Investing)
Topic: Tax consequence of inheriting international property
Replies: 16
Views: 1656

Re: Tax consequence of inheriting international property

47percent, you appear very knowledgeable about the tax treaty with India. Are you certain there is a stepup in basis for an India decedent? Gill You are right. There is no step-up in India for inheritance.. but you do get the benefit of the inflation indexing right from the time of original purchas...
by 47Percent
Sun Sep 23, 2018 11:06 am
Forum: Personal Finance (Not Investing)
Topic: Should I Care About My Credit Score if Debt Free?
Replies: 34
Views: 2619

Re: Should I Care About My Credit Score if Debt Free?

We don't have any loans in our family -- no mortgage, no car loans, no HELOCs, no student loans. We do have revolving credit in the form of credit cards, both for the 1-3% cash back rewards for everyday stuff, and the necessity to use them under the usual mandatory circumstances (travel, etc.). I d...
by 47Percent
Sun Sep 23, 2018 8:35 am
Forum: Personal Finance (Not Investing)
Topic: Tax consequence of inheriting international property
Replies: 16
Views: 1656

Re: Tax consequence of inheriting international property

Dear Bogleheads, I am looking to get some advice on the tax consequence of inheriting international property. My father-in-law is a citizen of India. As he is aging, we are in the process of moving him to an assisted living home. He is thinking of transferring the house to his children (my wife and...
by 47Percent
Mon Sep 17, 2018 7:09 pm
Forum: Personal Finance (Not Investing)
Topic: Provding SSN for Estate Planning--Why?
Replies: 23
Views: 2089

Re: Provding SSN for Estate Planning--Why?

Hi Everyone, I searched for several threads but couldn't find discussion on why SSN is needed for estate planning. Please do let me know if there has been discussion on this topic and I apologize for the inconvenience that it may have caused. I don't have an existing estate plan so I set up an appo...
by 47Percent
Wed Sep 12, 2018 8:41 am
Forum: Personal Finance (Not Investing)
Topic: The Atlantic: 'Why is College In America So Expensive?'
Replies: 27
Views: 2727

Re: The Atlantic: 'Why is College In America So Expensive?'

As someone who works in higher education, I cannot say healthcare is a good analogy to higher ed. Unregulated free market solutions generally work well when + All relevant information is widely available + All the potential consumers are perfectly capable of understanding the information + They hav...
by 47Percent
Tue Sep 11, 2018 11:58 pm
Forum: Personal Finance (Not Investing)
Topic: 401k money missing
Replies: 40
Views: 5594

Re: 401k money missing

Maybe the 401k custodian will post next, "Hey BHs, we lost this guy's 401k contributions, what do we do?" :D I have been resisting my temptation to click on the following click bait I see 10 times a day, for at least a year. "If you own a home, forget your 401(k) and do this instead" Gives a new me...
by 47Percent
Tue Sep 11, 2018 10:17 am
Forum: Personal Finance (Not Investing)
Topic: Fine tuning income around the ACA cliff
Replies: 24
Views: 2115

Re: Fine tuning income around the ACA cliff

I can see how that would be the case if the potential subsidy was large enough to pay more than 100% cost,or is there something else going on? It is because quirk in a way the prices are set -- not fully in the control of the insurance companies. The subsidies are based on the silver plan prices. A...
by 47Percent
Tue Sep 11, 2018 9:10 am
Forum: Personal Finance (Not Investing)
Topic: Fine tuning income around the ACA cliff
Replies: 24
Views: 2115

Re: Fine tuning income around the ACA cliff

harvestbook wrote:
Tue Sep 11, 2018 8:55 am
Since this is the expected last year of private insurance, I am either thinking of a huge Roth conversion this year or waiting until 65 and do them over several years.
FYI.. ACA too is comprised only of private insurance options.
by 47Percent
Tue Sep 11, 2018 8:40 am
Forum: Personal Finance (Not Investing)
Topic: Fine tuning income around the ACA cliff
Replies: 24
Views: 2115

Re: Fine tuning income around the ACA cliff

It may not be quite ready this year -- although I have seen a couple of ads for those. But from next year on I expect many fund houses to be offering Opportunity zone qualified investments that allow you to defer cap gains until later years. This is part of the TCJA provisions, but there hasn't been...
by 47Percent
Tue Sep 11, 2018 8:32 am
Forum: Personal Finance (Not Investing)
Topic: Fine tuning income around the ACA cliff
Replies: 24
Views: 2115

Re: Fine tuning income around the ACA cliff

Watty wrote:
Mon Sep 10, 2018 11:33 pm
That in effect puts me in the equivalent of a 21.56% federal tax bracket. (State taxes will need to be considered too.)

At that rate doing Roth conversions does make a lot of sense for me.
I think you meant to say the opposite?!
by 47Percent
Mon Sep 10, 2018 1:00 pm
Forum: Personal Finance (Not Investing)
Topic: Having wife take SS early?
Replies: 5
Views: 801

Re: Having wife take SS early?

We do not need social security till required at age 70. However, someone told me my wife can take half my social security payments at age 66. Is there any downside to this? If her full retirement age (FRA) is 66 years, that is technically correct. But FRA depends on her year of birth as it has been...
by 47Percent
Sat Sep 08, 2018 11:42 pm
Forum: Personal Finance (Not Investing)
Topic: Legislation to raise HSA contribution limits
Replies: 3
Views: 788

Legislation to raise HSA contribution limits

Is this really going somewhere? HR-6311 The article claims it has been passed in the house. I am not sure if it has a path in the senate and ultimately getting signed! https://www.benefitspro.com/2018/08/01/house-passes-law-that-would-double-hsa-contributio/?slreturn=20180809002810 Among other thing...
by 47Percent
Sat Sep 08, 2018 7:48 am
Forum: Personal Finance (Not Investing)
Topic: Healthcare sharing programs
Replies: 19
Views: 1162

Re: Healthcare sharing programs

There are many prior threads on this topic. You should search for those. The threads always end up being shut down because they become too political. I don't believe we really need to debate their merits again in a new thread. Ditto.. Ditto.. Ditto... Medishare has the dubious distinction of being ...
by 47Percent
Fri Sep 07, 2018 10:14 pm
Forum: Personal Finance (Not Investing)
Topic: Opportunity Zone qualified funds
Replies: 1
Views: 286

Opportunity Zone qualified funds

Does anyone know any reputed shop offering these for investors. I am wary of these completely unknown names. I understand some investor qualification may be necessary. These are the newly created tax vehicles for deferring, or possibility reducing/eliminating capital gains. If this were to be availa...
by 47Percent
Fri Sep 07, 2018 6:15 pm
Forum: Personal Finance (Not Investing)
Topic: "Open Social Security" calculator: feature requests, bug reports, etc
Replies: 265
Views: 25060

Re: "Open Social Security" calculator: feature requests, bug reports, etc

One thing that would help me to make this calculator as useful as possible: if you have input about how you want these features to be implemented, that would be helpful. For instance, with regard to any of the above features, what would you like the user interface to look like? Thanks for your real...
by 47Percent
Fri Sep 07, 2018 12:01 pm
Forum: Personal Finance (Not Investing)
Topic: Credit Score [What changes your credit score?]
Replies: 42
Views: 3567

Re: Credit Score

To some of us, the credit score nonsense is just that, nonsense. I too pay cash for everything, large and small, and any credit is paid off by month end. I too will never have to borrow again. For years and years, my credit score has bumped within 5 points of 813 like a car driving down a gravel ro...
by 47Percent
Fri Sep 07, 2018 9:28 am
Forum: Investing - Theory, News & General
Topic: The Three-Fund Portfolio
Replies: 2342
Views: 1473708

Re: The Three-Fund Portfolio

Taking human psychology into account, the three-fund portfolio should be tweaked to a "three-fund plus" strategy. i.e. take 95% of your portfolio and do the BH thing of three-fund portfolio. The other 5%, invest in whatever fancies your mind. TIPS, commodities, REITS, Individual stocks, IPO's. etc. ...
by 47Percent
Thu Sep 06, 2018 8:48 pm
Forum: Personal Finance (Not Investing)
Topic: Could One Work For Edward Jones and Put Clients in Boglehead Portfolios?
Replies: 34
Views: 4373

Re: Could One Work For Edward Jones and Put Clients in Boglehead Portfolios?

You, being a Boglehead, should know money doesn't grow on trees. More importantly, it is a zero sum game. It's got to come from somewhere. What the FA gets comes from the client being "advised". So, you can get your own certification and do this pro-bono and help out some folks. But I suspect, they ...
by 47Percent
Thu Sep 06, 2018 2:35 pm
Forum: Personal Finance (Not Investing)
Topic: To Be or Not to Be...Married
Replies: 135
Views: 5118

Re: To Be or Not to Be...Married

2. I will no longer be able to contribute the full $5,500 into ROTH IRA x 2 (his and hers) due to his SIMPLE IRA balance. At 4% interest rate, 25% effective tax rate, 10 year-duration, I estimated the present value of this loss of benefit to be $20K I don't quite understand point 2. Also re: studen...
by 47Percent
Thu Sep 06, 2018 9:41 am
Forum: Personal Finance (Not Investing)
Topic: Credit Score [What changes your credit score?]
Replies: 42
Views: 3567

Re: Credit Score

abuss368 wrote:
Thu Sep 06, 2018 5:39 am
What is the highest credit score that a can be achieved?
To my surprise, 850 is possible. From Discover card statement!

https://1drv.ms/u/s!AmWszUx85Pnigd5rSR-oyac6cGSsCw
by 47Percent
Thu Sep 06, 2018 8:34 am
Forum: Personal Finance (Not Investing)
Topic: Credit Score [What changes your credit score?]
Replies: 42
Views: 3567

Re: Credit Score

So we paid off our house and land, RV and all a few weeks ago in one fell swoop... got an email with a sad face saying my credit score has dropped. Lol. Credit score = debt score. I think its crazy how lenders us a debt score to justify you worthy of paying back money to them... It should be comple...
by 47Percent
Wed Sep 05, 2018 10:17 am
Forum: Personal Finance (Not Investing)
Topic: HSA card for spouse
Replies: 3
Views: 234

Re: HSA card for spouse

I have a HDHP/HSA through work with my spouse included on the HDHP. We recently obtained a HSA card for her to use and it has her maiden name on it. My previous HSA card provider issued a card for her with my name on it. I was wondering if anyone knows if it matters what name is on the spouse's car...
by 47Percent
Tue Sep 04, 2018 9:08 am
Forum: Personal Finance (Not Investing)
Topic: Baby on the way - HSA questions
Replies: 19
Views: 1788

Re: Baby on the way - HSA questions

My question is, once we have used the money in my wife's HRA (which will be depleted by end of the year) should we be looking at using my HSA to cover future baby medical costs, like the delivery? Or should we pay those costs out of pocket and reimburse ourselves later in the distant future, like I...
by 47Percent
Mon Sep 03, 2018 1:57 pm
Forum: Personal Finance (Not Investing)
Topic: A quick SS survivor benefit question..
Replies: 5
Views: 640

Re: A quick SS survivor benefit question..

I am going by the Social Security Made Simple book by bogglehead Mike Piper. Under the "Calculating Widower benefit section", he states the following: ===================== If the deceased spouse had claimed benefits earlier than FRA, the surviving souse's widow(er) benefit, rather than being based ...
by 47Percent
Mon Sep 03, 2018 12:18 pm
Forum: Personal Finance (Not Investing)
Topic: A quick SS survivor benefit question..
Replies: 5
Views: 640

A quick SS survivor benefit question..

I understand that with all the recent changes, most of us don't have the option to do file and suspend, and come under the "deemed filed" rule. We fall under the new rules; so no file and suspend for us. My question is how it applies to the survivor benefit. Let's say I claim early based on my work ...