Search found 299 matches

by 2cents2
Wed Jul 18, 2018 8:03 am
Forum: Investing - Help with Personal Investments
Topic: How do you handle the urge to DO something?
Replies: 102
Views: 7041

Re: How do you handle the urge to DO something?

Re-read your Investment policy statement (IPS). If you don't have one, one thing you can DO that will help you in the future (when you get another urge to DO something) is to write your IPS.

https://www.bogleheads.org/wiki/Investm ... _statement
by 2cents2
Wed Jul 11, 2018 10:26 am
Forum: Personal Finance (Not Investing)
Topic: Whole Life - We're doing it. What to look for?
Replies: 128
Views: 7851

Re: Whole Life - We're doing it. What to look for?

I am confused about what you are proposing. Does your wife currently have a 250k level term life insurance policy that is in force for another 25 years that would bring her up to age 60? You want to convert this policy to less than half the current policy value and pay more for it? (And, you don’t c...
by 2cents2
Mon Jun 04, 2018 11:56 am
Forum: Investing - Help with Personal Investments
Topic: TSP Advice - Retiring Soon
Replies: 18
Views: 1694

Re: TSP Advice - Retiring Soon

Maybe this would be a good time to check beneficiary information.... Beneficiary information can be found online after logging into your account. On the left hand column towards the bottom under "Personal Information " there is a link for "Beneficiaries" You can see who your beneficiaries are. Once ...
by 2cents2
Mon Jun 04, 2018 10:49 am
Forum: Investing - Help with Personal Investments
Topic: TSP Advice - Retiring Soon
Replies: 18
Views: 1694

Re: TSP Advice - Retiring Soon

I think what might get folks confused is the situation where a spouse beneficiary sets up a Beneficiary Participant Account (BPA) leaving the funds in the TSP and then dies. At first I thought the BPA would be a good thing allowing the surviving spouse to continue to get the benefits from the TSP. B...
by 2cents2
Sun Jun 03, 2018 9:14 pm
Forum: Investing - Help with Personal Investments
Topic: TSP Advice - Retiring Soon
Replies: 18
Views: 1694

Re: TSP Advice - Retiring Soon

There will be more withdrawal options starting soon (I think the new rules are in place in Sept) which will give you lots more flexibility. The TSP Modernization Act gives the TSP until September 2019 to implement the withdrawal options. I think it is unlikely they will have them by September 2019....
by 2cents2
Sun Jun 03, 2018 8:21 pm
Forum: Investing - Help with Personal Investments
Topic: TSP Advice - Retiring Soon
Replies: 18
Views: 1694

Re: TSP Advice - Retiring Soon

Q: Is it wiser to take the money out completely at retirement, pay the federal taxes all at once, and move to Vanguard or Fidelity Roth? I may have about $500K after that... We don't very much about your tax situation. Are you married filing joint? How soon before you have to pay for medicare part ...
by 2cents2
Thu May 31, 2018 10:31 am
Forum: Personal Finance (Not Investing)
Topic: "Reversing" 401k to get match at new job?
Replies: 20
Views: 1582

Re: "Reversing" 401k to get match at new job?

Just piggy backing off what has been previously suggested--check and see if your new plan matches after tax contributions and also check and see if they allow in service rollovers of after tax contributions. DH was in a similar situation last year at this time. He went to work for a new company afte...
by 2cents2
Thu May 31, 2018 5:37 am
Forum: Personal Consumer Issues
Topic: Hotel Charged on Reservation vs Actual Night Stayed?
Replies: 31
Views: 1823

Re: Hotel Charged on Reservation vs Actual Night Stayed?

Marriott also charges a fee if a reservation is not cancelled 48 hours before arrival, and there are no apparent provisions for changing a reservation once the deadline passes... https://www.marriott.com/about/res-cancellation-policy.mi Marriott has always been very accommodating when we have had t...
by 2cents2
Thu May 17, 2018 1:59 pm
Forum: Personal Finance (Not Investing)
Topic: Question for Federal Govt Retirees
Replies: 20
Views: 1473

Re: Question for Federal Govt Retirees

Fully research health insurance choices and options BOTH as a retiree BEFORE and AFTER medicare. Make 100% sure you are insured on the federal plan for 5 years as well as dependents. [A friend of mine was hit with this when he retired and had been on his wife's - not federal - insurance ] I know fe...
by 2cents2
Thu May 17, 2018 9:37 am
Forum: Personal Finance (Not Investing)
Topic: Question for Federal Govt Retirees
Replies: 20
Views: 1473

Re: Question for Federal Govt Retirees

But, back to the original question--1 year out: Here is a link to OPM's guidance: https://www.opm.gov/retirement-services/csrs-information/planning-and-applying/#url=One-Year-Away https://www.opm.gov/retirement-services/csrs-information/planning-and-applying/#url=Within-Months As others have said is...
by 2cents2
Thu May 17, 2018 8:22 am
Forum: Personal Finance (Not Investing)
Topic: Question for Federal Govt Retirees
Replies: 20
Views: 1473

Re: Question for Federal Govt Retirees

From what I've heard some federal govt retirees just give notice the last day (surpise) and go home. If you don't need immediate cash that could be an option, though you might have to consider how health care coverage works. I only know of one person who went this route and the only person who was ...
by 2cents2
Mon May 14, 2018 11:05 pm
Forum: Investing - Help with Personal Investments
Topic: Small gift from Grandma to infant - where to put it?
Replies: 21
Views: 2084

Re: Small gift from Grandma to infant - where to put it?

If you currently own fewer than one share of Disney common stock, or do not currently own any shares of Disney common stock, you may join the Plan by completing an enrollment form and either making an initial cash investment of at least $175 or authorizing monthly deductions of at least $50 from a ...
by 2cents2
Sun May 13, 2018 3:15 am
Forum: Personal Finance (Not Investing)
Topic: "Patient paid amount" for month of death in nursing home?
Replies: 33
Views: 4052

Re: "Patient paid amount" for month of death in nursing home?

Upon death of a recipient, SSA generally claws back the final social security check and the estate must file paperwork to get it. This is to ensure it goes to the correct people or entities. Thus, I suspect this is what happened, and what is needed is for the estate to pay the nursing home and then...
by 2cents2
Sat May 05, 2018 8:04 am
Forum: Investing - Help with Personal Investments
Topic: dad, can I have some money
Replies: 14
Views: 3415

Re: dad, can I have some money

Scenerio- dad roll-overed 401k to tira via advisor about 4 years ago when he retired at 62. paid like 40k tax on this (dumb advisor) so now sitting with 104k in tira
This has me a little confused. The rollover to a tIRA should not have generated any taxes. What were the taxes for?
by 2cents2
Fri May 04, 2018 4:19 am
Forum: Investing - Help with Personal Investments
Topic: Ed. Jones rep didn't like our plan, now we're locked out
Replies: 152
Views: 18829

Re: Ed. Jones rep didn't like our plan, now we're locked out

Wow. I’m sorry for the trouble your parents are having. It is a little unsettling to me that EJ can block your parents from acessing their assets by the whim of their advisor. It sounds like your parents feel more comfortable with a little hand holding. I don’t know about Scwab, but Vanguard has som...
by 2cents2
Mon Apr 30, 2018 11:28 pm
Forum: Personal Finance (Not Investing)
Topic: Asked to be Executor - What questions to ask
Replies: 39
Views: 3720

Re: Asked to be Executor - What questions to ask

One other thought is— shouldn’t you meet with your own attorney to find out whether this is a good idea or not? What I wonder is your liability should one of the feuding beneficiaries be unhappy with the way you have performed your duties?
by 2cents2
Mon Apr 30, 2018 10:53 pm
Forum: Personal Finance (Not Investing)
Topic: Asked to be Executor - What questions to ask
Replies: 39
Views: 3720

Re: Asked to be Executor - What questions to ask

I’m not a lawyer, but here are some things I would wonder about: 1. Will you be eligible to act as executor? (Such as: Some states have restrictions on out of state residents acting as executors.) 2. Will you be required to post a bond to act as executor? http://info.legalzoom.com/can-executors-live...
by 2cents2
Wed Apr 25, 2018 9:21 am
Forum: Investing - Help with Personal Investments
Topic: New 34, Bogle convert wanting to make sure I don’t screw up 401k
Replies: 13
Views: 1202

Re: New 34, Bogle convert wanting to make sure I don’t screw up 401k

One thing that would influence my decision is the expense ratio (ER) of the fund. Do you know what your 401K is charging you (the ER) for the various funds? If the vanguard target retirement funds ERs were about the same as what a 3 or 4 fund portfolio would cost, I would pick the target fund that m...
by 2cents2
Tue Apr 24, 2018 3:52 pm
Forum: Personal Finance (Not Investing)
Topic: What type of loan? [until funds received from estate settlement]
Replies: 16
Views: 1335

Re: What type of loan? [until funds received from estate settlement]

I need a $5,000. short term loan to hold me off until a will is finalized sometime in May. I'm a beneficiary and will be getting around $80,000. I'm looking for a loan where I can show them the will if needed to make it happen. Hopefully not needing to pay them a high interest rate. I live in Cinci...
by 2cents2
Wed Apr 18, 2018 4:48 pm
Forum: Personal Consumer Issues
Topic: Perks of Owning Certain Individual Stocks
Replies: 28
Views: 3632

Re: Perks of Owning Certain Individual Stocks

Disney gave out canvas bags and pins at the last shareholder meeting....
by 2cents2
Wed Apr 18, 2018 4:43 pm
Forum: Personal Consumer Issues
Topic: Perks of Owning Certain Individual Stocks
Replies: 28
Views: 3632

Re: Perks of Owning Certain Individual Stocks

At one time I was told that shareholders of Wrigley received some chewing gum every year. That is true-they sent out a carton (several packs of gum) in December. A lot of times they would send out new flavors, but sometimes it was a good old classic. The company was acquired by Mars, so my shares w...
by 2cents2
Wed Apr 18, 2018 9:33 am
Forum: Personal Finance (Not Investing)
Topic: Quitting job - what to do if getting walked to the door
Replies: 106
Views: 12079

Re: Quitting job - what to do if getting walked to the door

Do you have a FSA account with unspent funds? FSA is tied to your last day of employment. (Oddly enough, you can spend the entire amount that you pledged.) If you have money in your FSA that you haven't spent, you can still get access to it if you continue to make payments through COBRA--but payment...
by 2cents2
Tue Apr 17, 2018 12:21 pm
Forum: Personal Finance (Not Investing)
Topic: Exposure not filing Gift tax return 709
Replies: 12
Views: 1034

Re: Exposure not filing Gift tax return 709

I will need to list all gifts once I open up the pandora box of the 709. Gifts to charity etc even if small amounts It isn't quite that complicated. Gifts to charity are treated differently. And, it goes by each person. So, unless you've exceeded the limit to another individual, you only have the o...
by 2cents2
Tue Apr 17, 2018 10:13 am
Forum: Personal Consumer Issues
Topic: Yellowstone time needed
Replies: 22
Views: 2498

Re: Yellowstone time needed

The park covers a lot of area. There were always lots of other cars on the road every time we have visited (although it's been quite a few years). The highest speed limit in the park is 45 mph, but it is slower on twisty, turny roads and where it is congested. Also, sometimes the animals crossing th...
by 2cents2
Sun Apr 15, 2018 5:07 pm
Forum: Investing - Help with Personal Investments
Topic: 2018 Tax Planning Help - New to US - Couple in Their 30s
Replies: 11
Views: 980

Re: 2018 Tax Planning Help - New to US - Couple in Their 30s

We do not plan on working past our late-40s and I'm afraid of having my money locked up in an IRA or 401k until 59-1/2 so I've avoided them. Can you do a mega backdoor Roth from your 401K? This works if your 401k plan allows after tax contributions and in service rollovers of your after tax contrib...
by 2cents2
Sat Apr 14, 2018 8:08 am
Forum: Personal Finance (Not Investing)
Topic: Mistake IRA contribution to current year
Replies: 7
Views: 515

Re: Mistake IRA contribution to current year

....It was meant for 2016 and we went through incredibly many steps to get this right.... Yes, back to the OP. I was not certain by what you meant here. The incredibly many steps--does that mean that you discovered the mistake last year and you went through many steps to get it corrected, but it di...
by 2cents2
Sat Apr 14, 2018 4:51 am
Forum: Personal Finance (Not Investing)
Topic: Mistake IRA contribution to current year
Replies: 7
Views: 515

Re: Mistake IRA contribution to current year

The question I have regards cotributing to a backdoor Roth IRA the year after the intended year for the credit. If a contribution is made this year before April 17 to a non deductible IRA for year 2017 can this later be transferred to a Roth IRA for year 2017? I ve gotten two different answers from...
by 2cents2
Wed Apr 11, 2018 1:58 pm
Forum: Personal Finance (Not Investing)
Topic: Turbo tax backdoor roth IRA problems, double taxing me?
Replies: 20
Views: 1147

Re: Turbo tax backdoor roth IRA problems, double taxing me?

This is a mystery. What year is on the 1099-R? Could you have received your 2018 1099-R? Though, if so it is really unusual. The earliest I have ever received my 1099R from Vanguard was 8 Jan of the following year (after the tax year had closed out).
by 2cents2
Wed Apr 11, 2018 1:21 pm
Forum: Personal Finance (Not Investing)
Topic: Turbo tax backdoor roth IRA problems, double taxing me?
Replies: 20
Views: 1147

Re: Turbo tax backdoor roth IRA problems, double taxing me?

I'm not really sure what is going on, except that the 1099-R that you received should apply to what you did in calendar year 2107. You should receive another 1099-R next year for the conversion you did in January of this year. Did you do a conversion in 2017?
by 2cents2
Wed Apr 11, 2018 4:30 am
Forum: Personal Finance (Not Investing)
Topic: Owners Title Insurance - Super Heavy Handed Pitch
Replies: 101
Views: 6670

Re: Owners Title Insurance - Super Heavy Handed Pitch

Doesn’t your owner’s title insurance stay in force as long as you own the property? Is there a limit? The mortgage holder’s exposure would go down as you pay off the mortgage. But, the homeowners exposure would increase as the home is paid off and the value of the property increases over time.
by 2cents2
Tue Apr 10, 2018 2:51 pm
Forum: Personal Consumer Issues
Topic: Driver's permit before 18 - Any financial incentive
Replies: 52
Views: 2181

Re: Driver's permit before 18 - Any financial incentive

You should check with your insurance company. We didn't incur any additional insurance expense for DS while he had a learner's permit, but we did pay more after he was licensed. Our insurance company gave discounts for good grades and they also had a program to promote safe drivers which gave a disc...
by 2cents2
Tue Apr 10, 2018 9:43 am
Forum: Local Chapters and Bogleheads Community
Topic: Too much Bogleheads.org?
Replies: 90
Views: 13992

Re: Too much Bogleheads.org?

For those that have been on site site for more than a year, do you think this is "normal" for folks who are just getting started and does this subside once you've reached a point where your budget, lifestyle and investing habits have stabilized? Or, once you've "seen the light" do you stay hyper-fo...
by 2cents2
Tue Apr 10, 2018 7:26 am
Forum: Personal Finance (Not Investing)
Topic: 0% credit card to pay off student loan?
Replies: 25
Views: 1851

Re: 0% credit card to pay off student loan?

.... I can probably double my payments and do a half knock out with tax return that usually is around ten thousand(family of six on teacher's salary). What about adjusting the amount that is withheld from your paychecks by going to the IRS withholding calculator: https://www.irs.gov/individuals/irs...
by 2cents2
Wed Mar 28, 2018 7:45 am
Forum: Personal Consumer Issues
Topic: Savannah or Charleston?
Replies: 49
Views: 4551

Re: Savannah or Charleston?

I like both cities. I am visiting Charleston right now. I don’t have much to add. We are staying in a hotel that is outside the main downtown area, but they do have a free “Dash” bus shuttle that does a good job of getting close to the areas of interest in the downtown area. https://freetoursbyfoot....
by 2cents2
Mon Mar 19, 2018 8:24 am
Forum: Personal Finance (Not Investing)
Topic: elderly mother given 10 days to give IRS *transcript* to health insurance or lose benefits
Replies: 20
Views: 3755

Re: elderly mother given 10 days to give IRS *transcript* to health insurance or lose benefits

The website that you provided listed Florida Legislature (and Executive Office of the Governor) on the phase 3 list (March 26, 2018 – May 31, 2018), so it looks like the legislature will get to enjoy this process first hand. (It's too bad they weren't in the phase I group).
by 2cents2
Thu Mar 15, 2018 12:19 pm
Forum: Personal Finance (Not Investing)
Topic: Is anyone using a bill paying service?
Replies: 27
Views: 2715

Re: Is anyone using a bill paying service?

I used to use paytrust before it was bought out by Intuit . IIRC, it was about $10 a month. They made changes after it was bought out. By that time most of the services paytrust offered were offered by our bank, so we just dropped it. ( I recently looked at their yelp rating 1.5 stars out of 4... ) ...
by 2cents2
Wed Mar 14, 2018 9:29 am
Forum: Investing - Help with Personal Investments
Topic: simplifying my financial life -- should i get rid of treasury direct?
Replies: 47
Views: 4847

Re: simplifying my financial life -- should i get rid of treasury direct?

I have a countdown to when all our bonds will have reached maturity--oh happy day!.... But then at tax time I consider getting new I Bonds :oops: (So far I have not bought any more because I don't want to have to deal with TD for many of the reasons mentioned on this thread.) If they don't mail a 10...
by 2cents2
Mon Mar 12, 2018 8:32 am
Forum: Personal Finance (Not Investing)
Topic: Took recommended W4 allowance - Still owe?
Replies: 4
Views: 815

Re: Took recommended W4 allowance - Still owe?

What method did you use to arrive at your withholding amount?
by 2cents2
Wed Mar 07, 2018 8:23 am
Forum: Personal Consumer Issues
Topic: food safety after power outage
Replies: 26
Views: 2132

Re: food safety after power outage

I was amused on our recent trip to Spain and Germany; I couldn't find the eggs in the supermarket, because they weren't kept in refrigeration at all... Eggs are processed differently in Europe than they are in the US. Also, apparently condensation on the egg is a big no-no as it allows a pathway fo...
by 2cents2
Sat Mar 03, 2018 6:26 pm
Forum: Personal Finance (Not Investing)
Topic: Federal Employees, leading up to retirement?
Replies: 109
Views: 8280

Re: Federal Employees, leading up to retirement?

If you are healthy as can be and you don't have any other need for your sick leave, you can also donate your odd days into the leave donation program. https://www.opm.gov/policy-data-oversight/pay-leave/leave-administration/fact-sheets/voluntary-leave-bank-program/ You can donate annual leave, not ...
by 2cents2
Sat Mar 03, 2018 5:20 pm
Forum: Personal Finance (Not Investing)
Topic: Federal Employees, leading up to retirement?
Replies: 109
Views: 8280

Re: Federal Employees, leading up to retirement?

I know my husband didn’t get his sick leave credit and he retired in 2016. I think from my research, it has to be in multiple of one month. Maybe 174 hours for one month. If you have less than that you get no credit. Yes, you are correct-- it only counts in whole month increments. If a person has o...
by 2cents2
Sat Mar 03, 2018 1:37 pm
Forum: Personal Finance (Not Investing)
Topic: Federal Employees, leading up to retirement?
Replies: 109
Views: 8280

Re: Federal Employees, leading up to retirement?

I know my husband didn’t get his sick leave credit and he retired in 2016. I think from my research, it has to be in multiple of one month. Maybe 174 hours for one month. If you have less than that you get no credit. Yes, you are correct-- it only counts in whole month increments. If a person has o...
by 2cents2
Mon Feb 26, 2018 11:25 am
Forum: Personal Finance (Not Investing)
Topic: Federal Employees, leading up to retirement?
Replies: 109
Views: 8280

Re: Federal Employees, leading up to retirement?

I'm a fed planning to retire next year, with MRA + 10. What actions did you take in your final year or months leading up to retirement? for example - accelerate any dental or medical treatments? accelerate leave for any reason? how far in advance did you file your paperwork and let your management ...
by 2cents2
Sun Feb 18, 2018 10:26 am
Forum: Investing - Help with Personal Investments
Topic: 401k Rollover
Replies: 4
Views: 581

Re: 401k Rollover

How long has she had the check? Once you get the check, you've got 60 days to get it into an IRA or there'll be a 10% early withdrawal penalty see http://www.401khelpcenter.com/401k_education/involuntary_distribution.html#C Also, she needs to come up with the 20% that were withheld to fund that IRA...
by 2cents2
Thu Feb 15, 2018 7:48 pm
Forum: Investing - Help with Personal Investments
Topic: 401k Rollover
Replies: 4
Views: 581

401k Rollover

I am helping my niece with a 401k rollover. She worked for 2 years and this fall went off to college. Her 401k balance was not sufficient to keep the account open and she received 2 checks (the total of both checks less than 1k) 1. One check was for the Roth contributions 2. The second check was Pre...
by 2cents2
Mon Jan 29, 2018 8:50 am
Forum: Investing - Help with Personal Investments
Topic: Should I roll over?
Replies: 3
Views: 460

Re: Should I roll over?

If your wife plans to do a Backdoor Roth, she should not roll over. Here is a link that describes Backdoor Roth: https://www.bogleheads.org/wiki/Backdoor_Roth_IRA
by 2cents2
Sun Jan 28, 2018 9:06 am
Forum: Personal Finance (Not Investing)
Topic: Safe Harbor Withholding in year following Windfall?
Replies: 7
Views: 780

Re: Safe Harbor Withholding in year following Windfall?

I have been wondering about this in the context of 2018 tax reform. Presumably, tax liability will go down for most people in 2018 because the tax rates are lower. So, withholding 100% (or 110% if AGI is over 150K) of 2017 tax could result in a big over payment. But, I believe you are still okay if ...
by 2cents2
Fri Jan 26, 2018 7:06 pm
Forum: Personal Finance (Not Investing)
Topic: New withholding effective?
Replies: 13
Views: 1155

Re: New withholding effective?

Yes. DH's latest paycheck from megacorp reflected the new withholding.
I am not sure what the deadline is for the change, though.