Search found 1513 matches

by ubermax
Fri Jan 24, 2020 4:19 pm
Forum: Personal Finance (Not Investing)
Topic: Best tax software for estimating taxes
Replies: 20
Views: 1607

Re: Best tax software for estimating taxes

A financial whiz bang nerd has completely replicated the 1040 in Excel, you can download it for free and model your heart out! Impressive, but it has the same problem as using a tax program--too complicated and diffuse. Building one's own allows the user to exclude all the stuff not relevant to him...
by ubermax
Fri Jan 24, 2020 4:15 pm
Forum: Personal Finance (Not Investing)
Topic: Best tax software for estimating taxes
Replies: 20
Views: 1607

Re: Best tax software for estimating taxes

I use Turbo Tax "online" to prepare the return and file , I've heard that maybe either the desktop or online version can be used for estimating , not sure about that - what I did a couple years ago was build an Excel workbook for our specific tax situation , much easier than building a general model...
by ubermax
Wed Jan 22, 2020 12:58 pm
Forum: Personal Finance (Not Investing)
Topic: Turbo Tax Question
Replies: 1
Views: 284

Turbo Tax Question

Does anyone know if Turbo Tax will allow you to go back a year and see where things were input on their data collection online forms ?
by ubermax
Sun Dec 29, 2019 4:14 pm
Forum: Personal Finance (Not Investing)
Topic: 2019 Estimated Tax Estimate Tool?
Replies: 6
Views: 701

Re: 2019 Estimated Tax Estimate Tool?

Our situations are very similar , we also tend to take more than the RMD each year and we are top heavy with TIRA assets , no Roth accounts , and a small percentage in after tax money - our income is comprised of SS, small pension , and RMDs - each year we set a budget and estimate the tax liability...
by ubermax
Mon Nov 11, 2019 5:38 pm
Forum: Personal Consumer Issues
Topic: Romantic northeast winter weekend getaway?
Replies: 28
Views: 3306

Re: Romantic northeast winter weekend getaway?

My pick would be Jackson Village , NH especially when there's snow on the ground , the more the better ; checkout the website for Nordic Village Resort for accommodations , as a family we spent several days there each Winter for years and now continue that tradition as a retired couple , that area u...
by ubermax
Mon Oct 28, 2019 1:36 pm
Forum: Personal Finance (Not Investing)
Topic: Who does your tax returns?
Replies: 103
Views: 5746

Re: Who does your tax returns?

Taxact or whatever is free at that moment. Filing taxes aren't even that hard. Takes less than a day to learn first time and afterwards, each tax filing can be done in minutes or at worst, under an hour or two. Why pay a professional for something you can easily do yourself. I ain't throwing away m...
by ubermax
Mon Oct 28, 2019 11:20 am
Forum: Personal Finance (Not Investing)
Topic: Who does your tax returns?
Replies: 103
Views: 5746

Re: Who does your tax returns?

Do it myself using Turbo Tax with electronic filing but I also created a spreadsheet in Excel that ties to Turbo , use the spreadsheet to estimate quarterly tax payments for the upcoming year based on our annual expected income and expense budget but also to estimate the amount to gross up IRA withd...
by ubermax
Thu Oct 17, 2019 3:59 pm
Forum: Personal Finance (Not Investing)
Topic: [GE Pension Buyout - Calculation of lump sum]
Replies: 5
Views: 935

Re: [GE Pension Buyout - Calculation of lump sum]

60 was never defined as early retirement. There is no reduced benefit at 60. It simply states that you can start receiving the benefit at 60. With this iteration I cleaned up the wording somewhat . Myself as well as others are at a little disadvantage in that we are offering our thoughts without se...
by ubermax
Wed Oct 16, 2019 4:20 pm
Forum: Personal Finance (Not Investing)
Topic: [GE Pension Buyout - Calculation of lump sum]
Replies: 5
Views: 935

Re: [GE Pension Buyout - Calculation of lump sum]

[Moved into a new thread from: GE Pension Buyout --admin LadyGeek] For me, my FRA with GE is 60. Shouldn’t that compel GE to calculate lump sum from age 60 and not age 65? There is no federal requirement that the lump sum be calculated at an age before the plan's normal retirement age as defined in...
by ubermax
Tue Sep 24, 2019 4:19 pm
Forum: Personal Finance (Not Investing)
Topic: Should I take a pension buyout?
Replies: 15
Views: 1195

Re: Should I take a pension buyout?

My point was that anyone offered a pension buyout should validate that the buyout is a good deal for them and not just assume that it was actuarially fair. There's no federal requirement that the lump sum be based on the early (subsidized) benefit - evidently your employer's plan thought that a sub...
by ubermax
Tue Sep 24, 2019 2:39 pm
Forum: Personal Finance (Not Investing)
Topic: Should I take a pension buyout?
Replies: 15
Views: 1195

Re: Should I take a pension buyout?

ImmediateAnnuities.com is quoting a $2431 monthly payment if you pay $450k today. From that perspective, the $3000 monthly pension doesn't look bad. But at a 5% return, the lump sum wins unless you live beyond 87. Annuities.com uses very conservative assumptions reflecting the profit objectives of ...
by ubermax
Tue Sep 24, 2019 2:33 pm
Forum: Personal Finance (Not Investing)
Topic: Should I take a pension buyout?
Replies: 15
Views: 1195

Re: Should I take a pension buyout?

I was offered a pension buyout a few years ago from a former employer. I ended up sticking with the regular pension because the lump sum calculation was based on the assumption that I'd take my pension starting at 65. Since I was entitled to draw the full pension at 60 (due to years of service), th...
by ubermax
Tue Sep 24, 2019 11:57 am
Forum: Personal Finance (Not Investing)
Topic: Should I take a pension buyout?
Replies: 15
Views: 1195

Re: Should I take a pension buyout?

I think Soccerrules has some great questions - the 450K is in the ballpark based on mandated IRS interest and mortality assumptions for lump sums - no way of knowing whether more favorable assumptions were used for the buyout - and so in the eyes of the IRS , the life annuity is equivalent to that l...
by ubermax
Fri Sep 20, 2019 12:23 pm
Forum: Personal Finance (Not Investing)
Topic: Mortgage Qualification and IRA Assets
Replies: 5
Views: 503

Re: Mortgage Qualification and IRA Assets

The banks have nothing to do with the vast majority of underwriting standards for mortgages. The investors who buy the loans (think FNMA, FHLMC, fHA, and private investors for jumbos) make the underwriting rules. Typically if you can demonstrate you can or do pull income from those IRA’s you will m...
by ubermax
Thu Sep 19, 2019 3:18 pm
Forum: Personal Finance (Not Investing)
Topic: Mortgage Qualification and IRA Assets
Replies: 5
Views: 503

Re: Mortgage Qualification and IRA Assets

Currently most banks rely on debt to incomes ratios in determining mortgage qualification - some retirees seeking a mortgage fall short of qualifying based on income alone and would like to have IRA assets considered - many of our local banks won't have a conversation if a retiree depends on these ...
by ubermax
Thu Sep 19, 2019 11:44 am
Forum: Personal Finance (Not Investing)
Topic: Mortgage Qualification and IRA Assets
Replies: 5
Views: 503

Mortgage Qualification and IRA Assets

Currently most banks rely on debt to incomes ratios in determining mortgage qualification - some retirees seeking a mortgage fall short of qualifying based on income alone and would like to have IRA assets considered - many of our local banks won't have a conversation if a retiree depends on these a...
by ubermax
Wed Sep 04, 2019 12:35 pm
Forum: Personal Consumer Issues
Topic: Excel - Arrival of XLOOKUP
Replies: 12
Views: 2471

Re: Excel - Arrival of XLOOKUP

I purchased Office pro with my laptop in 2017 , so when this function is globally released will I have to buy/download the new version or would I be able to add this function to my existing version/license ?
by ubermax
Tue Sep 03, 2019 12:16 pm
Forum: Personal Consumer Issues
Topic: Looking to buy a Patagonia jacket. Which are your favorites?
Replies: 27
Views: 3068

Re: Looking to buy a Patagonia jacket. Which are your favorites?

looking for something warm, but somewhat breathable with a bit of durability. the Down Sweater looks good, but perhaps too warm and not breathable enough. The Micro Puff and Nano Puff look OK - but don't get the best of reviews on their site. what else? We live in New England and I bought the Sweat...
by ubermax
Tue Sep 03, 2019 12:06 pm
Forum: Personal Consumer Issues
Topic: Excel - Arrival of XLOOKUP
Replies: 12
Views: 2471

Excel - Arrival of XLOOKUP

Microsoft will apparently be releasing a new Excel function , XLOOKUP, to Office 365 users in the near future and to other users , e.g. Office Pro in the coming weeks - does anyone know how existing users will get this Excel update ?
by ubermax
Fri Aug 16, 2019 5:37 pm
Forum: Personal Finance (Not Investing)
Topic: Mortgage for Retirees
Replies: 28
Views: 2744

Re: Mortgage for Retirees

My wife and I are retired and are collecting RMDs ; we recently applied for and were approved for a loan but the local bank wouldn't disclose the criteria that they used in their decision , all they said was that credit rating , income , and assets were considered and in our case debt related to two...
by ubermax
Sun Jul 28, 2019 2:41 pm
Forum: Personal Consumer Issues
Topic: Ink refill - Brother's printer
Replies: 13
Views: 1213

Re: Ink refill - Brother's printer

I've been going to Staples either to the local store or online for new ones when necessary , had a bad experience with HP refills awhile back and now always go with manufacturer's recommended brand both HP and Brother , have never been disappointed with this approach .
by ubermax
Tue Jul 23, 2019 1:28 pm
Forum: Personal Consumer Issues
Topic: Acura RDX vs Audi Q5
Replies: 98
Views: 10312

Re: Acura RDX vs Audi Q5

OP , I think it's a good idea to get feedback and opinions from others but ultimately it's your money and you need to make a decision that's good for you and your family - part of the equation is financial and there can be other parts that are just gut feel and everyone that responded has their own ...
by ubermax
Mon Jul 22, 2019 4:36 pm
Forum: Personal Consumer Issues
Topic: Car Leasing Question
Replies: 22
Views: 1730

Re: Car Leasing Question

OP , leasing is more like renting than buying and at the end of the lease the leasing company ,not you , own the vehicle - you would have the opportunity to buy at residual or possibly some different amount spelled out in the agreement - yes leasing companies have the benefit of a huge database of h...
by ubermax
Mon Jul 22, 2019 3:37 pm
Forum: Personal Finance (Not Investing)
Topic: Help figuring out how to enter SALT (state tax) deduction data in Turbotax
Replies: 20
Views: 921

Re: Help figuring out how to enter SALT (state tax) deduction data in Turbotax

For 2018 I just entered local property taxes ( real estate & auto ) , and state income taxes ( 2017 paid in 2018 and estimated payments in 2018 ) in the spots where Turbo Tax asks/provides for them - no different than prior years - and Turbo Tax did the 10K limitation correctly for me . I pay the Ja...
by ubermax
Mon Jul 22, 2019 3:23 pm
Forum: Personal Consumer Issues
Topic: Acura RDX vs Audi Q5
Replies: 98
Views: 10312

Re: Acura RDX vs Audi Q5

We have a 2016 Audi Q5 3T ( turbo 6) and we love it , peppy, nimble, and a real pleasure to drive both around town and on longer trips ; however it seems that most if not all small SUV makers have moved toward the 4 cylinder turbo as their engine of choice - so if a buyer really wants a six in an Au...
by ubermax
Mon Jul 22, 2019 12:45 pm
Forum: Personal Consumer Issues
Topic: Lightweight, durable, laptop bag
Replies: 29
Views: 1757

Re: Lightweight, durable, laptop bag

I have a Lenovo ThinkPad and had a leather bag , too heavy and too few dividers/pockets - got a Lenovo nylon case along with a zippered neoprene sleeve that provides some extra cushion - the bag has 4 divided sections , the first is a sling hold for the laptop , the next is a little more padded and ...
by ubermax
Sat Jul 20, 2019 11:16 am
Forum: Personal Consumer Issues
Topic: Looking for new laptop
Replies: 26
Views: 2714

Re: Looking for new laptop

Have had good experience with Lenovo ThinkPad T series , first was purchased in '09 and replaced in '17 , DW has a '10 and it's running Ok but we'll be looking at a new one - as time goes by they get lighter and thinner and the component offerings get updated , we buy online from Lenovo - getting SS...
by ubermax
Tue Jul 09, 2019 3:43 pm
Forum: Personal Consumer Issues
Topic: How warm to set thermostat while away
Replies: 62
Views: 5309

Re: How warm to set thermostat while away

We have a programable wifi thermostat that has worked out pretty well - we monitor the weather at home while away and adjust it accordingly , have only used it in the US not internationally - if you lose power when away the modem may have to be reset and whomever is watching your house has to be mad...
by ubermax
Mon Jul 08, 2019 12:05 pm
Forum: Personal Consumer Issues
Topic: Trip to Watertown, CT
Replies: 15
Views: 1357

Re: Trip to Watertown, CT

We live in Connecticut also and I think jrhampt spent a bit of time and put together a nice list of ideas/options - we love West Hartford and go there often for dinner , it's roughly 45 minutes from Watertown , was at Max's Burger the other night , nice thing is it's a foot town , park and lots with...
by ubermax
Wed Jul 03, 2019 7:45 am
Forum: Personal Finance (Not Investing)
Topic: Mortgage Pre-Qualificatoion Letter - RMD Couple
Replies: 7
Views: 683

Re: Mortgage Pre-Qualificatoion Letter - RMD Couple

Yes, when I got a mortgage to purchase my home after retirement, I had to show proof of my income stream. I had a monthly pension as well as a monthly payment from my TSP retirement account, as well as 20% down payment and I had no problem qualifying. Hope this helps. Thanks for the response but yo...
by ubermax
Wed Jul 03, 2019 7:41 am
Forum: Personal Finance (Not Investing)
Topic: Mortgage Pre-Qualificatoion Letter - RMD Couple
Replies: 7
Views: 683

Re: Mortgage Pre-Qualificatoion Letter - RMD Couple

You could try doing an online search for “portfolio lenders” in your area. They hold onto the mortgages that they finance and so can be more flexible with their underwriting. There is a product called “asset depreciation mortgage”: https://www.kiplinger.com/article/retirement/T040-C000-S004-use-you...
by ubermax
Tue Jul 02, 2019 10:49 am
Forum: Personal Finance (Not Investing)
Topic: Mortgage Pre-Qualificatoion Letter - RMD Couple
Replies: 7
Views: 683

Re: Mortgage Pre-Qualificatoion Letter - RMD Couple

I probably didn't do a good with phrasing my question - banks in our local area follow strict adherence to the debt to income ratio (DTI) , especially now after the mortgage abuses leading up to 2008 - those ratios become especially important when buyers carry two mortgages for awhile until one home...
by ubermax
Mon Jul 01, 2019 4:07 pm
Forum: Personal Consumer Issues
Topic: Windows Defender and Malwarebytes
Replies: 17
Views: 1746

Re: Windows Defender and Malwarebytes

For some reason ,if Defender detects that Malwarebytes is in the neighborhood , it designates M-Bytes as the primary sentinel - I learned this after searching a few websites - this doesn't mean that Defender is asleep , it's still there and I use it for additional periodic scans - thanks for all the...
by ubermax
Mon Jul 01, 2019 3:52 pm
Forum: Personal Finance (Not Investing)
Topic: Mortgage Pre-Qualificatoion Letter - RMD Couple
Replies: 7
Views: 683

Mortgage Pre-Qualificatoion Letter - RMD Couple

DW and I are both receiving RMD's and are also thinking about purchasing a home - to obtain a loan pre-qualification letter for the neighborhood that we like would require counting RMD income - was just wondering if there are others out there with a similar situation who have been successful in gett...
by ubermax
Sun Jun 30, 2019 1:00 pm
Forum: Personal Consumer Issues
Topic: Windows Defender and Malwarebytes
Replies: 17
Views: 1746

Windows Defender and Malwarebytes

I've been using Windows Defender , the antivirus software packaged with Windows 10 , alongside Malwarebytes for awhile now - my understanding was that each addressed different threats and would run independently to complement each other - however , this morning I ran a Windows update and after it fi...
by ubermax
Wed Jun 26, 2019 6:38 am
Forum: Personal Consumer Issues
Topic: Excel Question
Replies: 3
Views: 909

Re: Excel Question

In our household we're using both Office 2010 and 2016 ; in Office 2016 much ,if not all the control, resides with the commands on the ribbon - in Office 2010 however to turn off page breaks for example it is File/Options/Advanced and then it requires navigation down through checky boxes to the one ...
by ubermax
Tue Jun 25, 2019 4:57 pm
Forum: Personal Consumer Issues
Topic: Excel Question
Replies: 3
Views: 909

Re: Excel Question

Using the ribbon interface: Page Layout > Breaks > Reset All Page Breaks. You also can go to View > Page Break Preview to see them. If you don't use the ribbon interface, lend me your time machine. 2005 was an interesting year. Thanks DI - I didn't know that the ribbon was the collective name for t...
by ubermax
Tue Jun 25, 2019 2:47 pm
Forum: Personal Consumer Issues
Topic: Excel Question
Replies: 3
Views: 909

Excel Question

I'm running Office Pro 2016 with Windows 10 and Office updates are set for automatic download - with an Excel spreadsheet open , in the past when I clicked "file" on the top bar a dropdown menu appeared that looks totally different than the current one - going from memory I remember menu items like ...
by ubermax
Wed Jun 19, 2019 11:27 am
Forum: Personal Finance (Not Investing)
Topic: How to estimate taxes during retirement?
Replies: 39
Views: 3162

Re: How to estimate taxes during retirement?

I developed an Excel spreadsheet that duplicates the results I get from TurboTax - this enables me to do the following : (a) estimate my tax liability for the upcoming year and the associated quarterly amount . (b) determine the gross-up of any tax deferred withdrawals that put us over our annual bu...
by ubermax
Tue Jun 18, 2019 4:47 pm
Forum: Personal Finance (Not Investing)
Topic: HELOC Options
Replies: 19
Views: 1693

Re: HELOC Options

TBillT wrote:
Fri Jun 14, 2019 1:26 pm
I am thinking under the new itemization rules, HELOC interest is not deductible unless it is for home purchase or cap improvement
If the HELOC is used for the downpayment on a home , would it be deductible ?
by ubermax
Mon May 13, 2019 2:36 pm
Forum: Personal Finance (Not Investing)
Topic: pre-qualified to get on the list
Replies: 45
Views: 3376

Re: pre-qualified to get on the list

OP , we recently talked to a couple of local bankers ,and two builders, about financing for a home purchase - we're looking at existing homes as well as others that will be built in a couple of newly developing areas nearby ; I thought I would share some take aways - at one bank we asked for and got...
by ubermax
Fri Apr 26, 2019 6:48 pm
Forum: Personal Consumer Issues
Topic: How Rare is This
Replies: 9
Views: 1609

Re: How Rare is This

Probably as rare or odd as for a couple in their early 40's to have a contractor build them a house. Thanks Livesoft , the couple have lived in a small condominium community for several years and are just invigorated by the thought of this project but wonder if it's a crazy idea :happy . Is the cou...
by ubermax
Fri Apr 26, 2019 6:43 pm
Forum: Personal Consumer Issues
Topic: How Rare is This
Replies: 9
Views: 1609

Re: How Rare is This

delamer wrote:
Fri Apr 26, 2019 6:20 pm
Is it just the new house or the contractor part that you are interested in?
Just the new house part .
by ubermax
Fri Apr 26, 2019 6:41 pm
Forum: Personal Consumer Issues
Topic: How Rare is This
Replies: 9
Views: 1609

Re: How Rare is This

NYnative wrote:
Fri Apr 26, 2019 6:31 pm
Depends. Will it have a burial vault in the basement?

IMHO, it's not unusual or odd. In AZ, you have lots of retired people downsizing and having custom homes built for their last residence.
Too funny :sharebeer
by ubermax
Fri Apr 26, 2019 6:39 pm
Forum: Personal Consumer Issues
Topic: How Rare is This
Replies: 9
Views: 1609

Re: How Rare is This

livesoft wrote:
Fri Apr 26, 2019 6:25 pm
Probably as rare or odd as for a couple in their early 40's to have a contractor build them a house.
Thanks Livesoft , the couple have lived in a small condominium community for several years and are just invigorated by the thought of this project but wonder if it's a crazy idea :happy .
by ubermax
Fri Apr 26, 2019 6:04 pm
Forum: Personal Consumer Issues
Topic: How Rare is This
Replies: 9
Views: 1609

How Rare is This

How rare or odd is it for a couple in their early 70's to have a contractor build them a house ?
by ubermax
Mon Apr 22, 2019 3:49 pm
Forum: Personal Investments
Topic: Getting through a 2008-like crash during retirement
Replies: 38
Views: 5363

Re: Getting through a 2008-like crash during retirement

In the Fall of 2008 we first moved all monies in stock mutual funds to prime money market and then , as the debacle continued across fixed , we moved those holdings to prime money market , all with Vanguard - got back in a little late in the early Fall of 2009 having retired that past Spring . Fortu...
by ubermax
Mon Apr 22, 2019 1:40 pm
Forum: Personal Consumer Issues
Topic: Good battery powered blower vacuum
Replies: 2
Views: 272

Re: Good battery powered blower vacuum

I'd buy a Stihl .
by ubermax
Mon Apr 15, 2019 12:08 pm
Forum: Personal Consumer Issues
Topic: Boston area - nice towns for families
Replies: 80
Views: 5522

Re: Boston area - nice towns for families

We live in Dover, and I grew up in Newton, so I know the area quite well. I went to Newton schools, my daughter went to Dover schools (Dover/Sherborn high school). Newton is very expensive, and I'm not sure it's worth it. I would recommend Westwood or Medfield (Dover is bordered by both). These are...
by ubermax
Mon Apr 15, 2019 8:48 am
Forum: Personal Consumer Issues
Topic: Where To Get New Bikes
Replies: 67
Views: 5178

Re: Where To Get New Bikes

My ranking: - Target/Walmart: Avoid like the plague - Craigslist: Only if you know what you're doing. (Good deals can be found but mostly it's junk you don't really want.) - Performance Bike: I'd start here as someone else suggested. Good range of entry level bikes and decent prices. They _always_ ...