Search found 1999 matches

by ralph124cf
Tue Oct 16, 2018 4:34 am
Forum: Investing - Help with Personal Investments
Topic: Help with Fixed Income Allocation in Early Retirement
Replies: 2
Views: 427

Re: Help with Fixed Income Allocation in Early Retirement

Overall I like your plan. I would agree that holding onto the stable value makes sense. Given the current interest rate environment and the fact that you are starting withdrawals, I would favor shorter term and intermediate term bond funds over total bond market. Since you would be the first in lin...
by ralph124cf
Mon Oct 15, 2018 9:29 am
Forum: Personal Finance (Not Investing)
Topic: Long-term Care Insurance
Replies: 50
Views: 2039

Re: Long-term Care Insurance

My wife and I have LTCi policies with a one year elimination period. When shopping for policies this made a HUGE difference in the rates quoted. We also got a 40% discount for each of us, for both of us buying policies at the same time, even though she bought unlimited time with a 3% inflation rider...
by ralph124cf
Mon Oct 15, 2018 8:47 am
Forum: Personal Consumer Issues
Topic: Buyers commission on a condo purchase
Replies: 15
Views: 1015

Re: Buyers commission on a condo purchase

Everything, repeat everything, about a real estate purchase is negotiable, no matter what an agent tells you. In order to negotiate, you have to be willing to walk away.

Ralph
by ralph124cf
Mon Oct 15, 2018 8:32 am
Forum: Personal Consumer Issues
Topic: Not convinced with insurance
Replies: 38
Views: 2733

Re: Not convinced with insurance

The cheapest way to add additional liability insurance is to up your homeowners liability limits. You already have some amount of liability insurance thru your homeowners policy, upping the limits to $500k or so will be quite cheap.

Ralph
by ralph124cf
Sun Oct 14, 2018 11:59 pm
Forum: Personal Finance (Not Investing)
Topic: Joint Home Owners - Property Tax and Mortgage Deductions
Replies: 9
Views: 975

Re: Joint Home Owners - Property Tax and Mortgage Deductions

I think that this is too tangled for good advice from this forum. You need a tax and estate lawyer.

Ralph
by ralph124cf
Sun Oct 14, 2018 11:48 pm
Forum: Personal Finance (Not Investing)
Topic: [Do I need to file IRS Form 1116?]
Replies: 9
Views: 618

Re: [Do I need to file IRS Form 1116?]

I believe you can have up to $600 in credits for MFJ without needing to file Form 1116. This is perfectly true. My CPA/tax lawyer explained why he used 1116 for my return instead of simply entering a credit on my forms: (1) His five figure tax program could automatically spit out a form 1116, but j...
by ralph124cf
Sun Oct 14, 2018 6:46 pm
Forum: Investing - Help with Personal Investments
Topic: Determining capital gains?
Replies: 16
Views: 402

Re: Determining capital gains?

The problem is frequently tax lots.

If you have been reinvesting dividends, then you have different tax lots, some of which may be long term and some short term. Another complication is that with reinvested dividends some of the money has already been taxed.

Ralph
by ralph124cf
Sun Oct 14, 2018 9:07 am
Forum: Personal Finance (Not Investing)
Topic: Joint Home Owners - Property Tax and Mortgage Deductions
Replies: 9
Views: 975

Re: Joint Home Owners - Property Tax and Mortgage Deductions

If you live in California, and have the income to support this new loan, you may not be able to deduct any of the property tax due to the new IRS $10,000 limitation on state and local tax deductions. The mortgage interest may or may not be deductible, but that would be an accountant question.

Ralph
by ralph124cf
Sun Oct 14, 2018 9:01 am
Forum: Personal Finance (Not Investing)
Topic: Formula for when to buy in bulk
Replies: 41
Views: 3114

Re: Formula for when to buy in bulk

Economic Order Quantity is a calculated value. see the link for details. https://www.dummies.com/business/accounting/cost-accounting-the-economic-order-quantity-formula/ This is an important concept, but this particular formula does not allow for quantity discounts, which is the point of this threa...
by ralph124cf
Fri Oct 12, 2018 2:07 pm
Forum: Investing - Help with Personal Investments
Topic: Opinions about age 66 to 70 Roth Conversions - up to 12% or 22% bracket
Replies: 12
Views: 807

Re: Opinions about age 66 to 70 Roth Conversions - up to 12% or 22% bracket

Look at your income from all sources after you start taking RMDs. Include SS, any pensions, and all IRA/401(k) income. Check where that would put you in terms of income tax and IRMAA penalty fees. If you are close to an income tax bracket or IRMAA cut point, see what you can do to get below that poi...
by ralph124cf
Fri Oct 12, 2018 1:22 am
Forum: Personal Finance (Not Investing)
Topic: free dinner investing seminar
Replies: 367
Views: 32580

Re: free dinner investing seminar

I've been 2 2 of them. They pitch the full spectrum of investment and tax managed investing to estate planning with everything available including wills and trusts. The follow-up is higher pressure and of course, they are closing, or trying to, from the opening. You can expect a follow-up call a da...
by ralph124cf
Fri Oct 12, 2018 1:04 am
Forum: Personal Finance (Not Investing)
Topic: Consultant Advice: Commission - What to watch out for
Replies: 11
Views: 895

Re: Consultant Advice: Commission - What to watch out for

Some of these broker contracts are structured such that the consultant bills the broker at her normal rate, and then the broker adds her 35% and bills the client for that amount. Both the client and the consultant have contracts with the broker, but no contract with each other. These contracts norma...
by ralph124cf
Thu Oct 11, 2018 7:08 pm
Forum: Investing - Theory, News & General
Topic: Barron's Making the Case for Gold
Replies: 111
Views: 7661

Re: Barron's Making the Case for Gold

As a naive investor, I have a question: how does gold work as a hedge against purposeful rapid debasement of the USD? The last time the government decided to debase the currency overnight, they just confiscated all of everyone's gold, paid them in USD, and went ahead debasing the currency. Holding ...
by ralph124cf
Thu Oct 11, 2018 8:48 am
Forum: Investing - Help with Personal Investments
Topic: Lump sum vs pension
Replies: 14
Views: 1371

Re: Lump sum vs pension

How old are you? Male or female?

Ralph
by ralph124cf
Sun Oct 07, 2018 10:02 pm
Forum: Personal Finance (Not Investing)
Topic: Book or other resource for managing spending phase of investing
Replies: 6
Views: 757

Re: Book or other resource for managing spending phase of investing

"How to Make Your Money Last" by Jane Bryant Quinn +1, but there is no one plan that works for everyone. Is age 70.5 really the best age to begin SS if the funds utilized by waiting are coming out of a 70/30 stock/bond portfolio? The age is 70, not 70.5. (That, age 70.5, is the RMD and QCD number.)...
by ralph124cf
Sat Oct 06, 2018 10:22 pm
Forum: Personal Consumer Issues
Topic: Garage Shelving?
Replies: 28
Views: 2745

Re: Garage Shelving?

Check out globalindustrial.com. Super heavy duty shelving, some sizes available with wheel sets. A bit on the expensive side, but mine show no signs of wear after twenty years. Be careful of shipping charges. You may want to have them ship to a local warehouse, and pick up the parts in your own truc...
by ralph124cf
Tue Sep 25, 2018 9:50 am
Forum: Personal Finance (Not Investing)
Topic: Fed up with health insurance situation
Replies: 117
Views: 7310

Re: Fed up with health insurance situation

Sergio, Clearly, your description echoes the national sentiment. One thing you can take a little solace in: your premiums are run through your corporation (correct?). Consequently, at least you're paying premiums with pre-tax dollars. I realize that that is little solace but I can tell you that man...
by ralph124cf
Sat Sep 22, 2018 10:23 pm
Forum: Personal Finance (Not Investing)
Topic: How to handle huge medicare/medicaid premium increases at age 65?
Replies: 19
Views: 3534

Re: How to handle huge medicare/medicaid premium increases at age 65?

This is in reference ONLY to establishing SS/Medicare eligibility.

If you hired her for your business, then the earnings test for four quarters would be met if she earned the four quarters total amount in the full year, so not limited to two quarters this year.


Ralph
by ralph124cf
Thu Sep 20, 2018 1:00 pm
Forum: Personal Consumer Issues
Topic: BlackFriday Shopping - what do you usually buy? (other than Christmas gifts)
Replies: 36
Views: 2547

Re: BlackFriday Shopping - what do you usually buy? (other than Christmas gifts)

magicrat wrote:
Thu Sep 20, 2018 12:54 pm
The only thing I"ll be buying on black friday is takeout so I can stay home.
Amazon, Best Buy, Sam's Club, Target and Costco online stores have Black Friday pricing for delivery or instore pick-up later.

Ralph
by ralph124cf
Tue Sep 18, 2018 2:33 pm
Forum: Personal Consumer Issues
Topic: Is this a potentially dangerous electrical issue that needs to be addressed?
Replies: 19
Views: 2118

Re: Is this a potentially dangerous electrical issue that needs to be addressed?

This may be a wild stab, but if you have aluminum wiring, which some older houses do, you will need special outlets and somewhat different handling.

Many fires have happened due to aluminum wiring being handled incorrectly.

Ralph
by ralph124cf
Mon Sep 17, 2018 6:36 pm
Forum: Personal Consumer Issues
Topic: Color copier recommendations?
Replies: 10
Views: 729

Re: Color copier recommendations?

I read in Consumer Reports that Brother uses less ink overall because it does not do "maintenance" printing that wastes ink. I have been happy over all but cannot get it to work with my Acer Chromebook. Note that the referenced copiers do not use any "ink" at all, they are all laser copiers/printer...
by ralph124cf
Sun Sep 16, 2018 7:07 pm
Forum: Personal Consumer Issues
Topic: Virtual credit card for travel reservations: advice needed
Replies: 7
Views: 344

Re: Virtual credit card for travel reservations: advice needed

It is very much a problem for airline reservations. If everything does not match, you may not be going.

Ralph
by ralph124cf
Sun Sep 16, 2018 2:36 pm
Forum: Personal Finance (Not Investing)
Topic: SEC Settlement Distribution - Tax Implications?
Replies: 9
Views: 489

Re: SEC Settlement Distribution - Tax Implications?

I would like to piggyback here. I also received a settlement, but the twist is that the stock was in an IRA, but the check came addressed to me personally ( I still own the stock). Is there a way to get this into my IRA without paying income tax on it? I am fully retired and have no earned income. T...
by ralph124cf
Fri Sep 14, 2018 12:41 pm
Forum: Investing - Help with Personal Investments
Topic: Purchasing annuity for wife
Replies: 21
Views: 2234

Re: Purchasing annuity for wife

You have mentioned buying these for your wife. This can be done from your wife's 401(k) or IRA, or from after tax funds. You CANNOT use your own 401(k) or IRA funds for this purpose. You can buy a joint and 100% survivor annuity with your tax sheltered funds, but not one with her as sole payee. Ralph
by ralph124cf
Fri Sep 14, 2018 11:44 am
Forum: Personal Consumer Issues
Topic: kitchen door rack
Replies: 4
Views: 495

Re: kitchen door rack

This can work well with a solid wood three hinge door. If you are in a rental with cheap hollow core doors with two hinges, there is a good chance the door will break or fall off the wall. In any case be sure your top hinge screws are secure, and consider replacing the screws with a larger size. Ralph
by ralph124cf
Fri Sep 14, 2018 11:33 am
Forum: Personal Consumer Issues
Topic: Color copier recommendations?
Replies: 10
Views: 729

Re: Color copier recommendations?

We have been delighted with Brother laser products. We have a Brother MFC-L8850CDW purchased about 5 years ago, and it has worked perfectly. Color printing, coping and scanning. Also fax, if you still use that. Purchase was about $500, and a full set of high capacity toner cartridges is also about $...
by ralph124cf
Wed Sep 12, 2018 11:07 pm
Forum: Investing - Help with Personal Investments
Topic: rmd for IRAs at multiple institutions
Replies: 18
Views: 1239

Re: rmd for IRAs at multiple institutions

My understanding is that you can also take just one 401(k) distribution if you have multiple 401(k)s. However you cannot take just one distribution that covers both IRAs and 401(k)s. Also, if you are married, your spouse must also take RMDs, you cannot combine these amounts and take everything from ...
by ralph124cf
Tue Sep 11, 2018 4:17 pm
Forum: Investing - Theory, News & General
Topic: Possible Change to RMDs? [Executive order]
Replies: 47
Views: 6212

Re: Possible Change to RMDs? [Executive order]

A poster above mentioned the ability to split the RMD for the first year after you turned 70.5. There was also a question about QCDs for somebody who turned 70.5 on December 31st. As far as I can see you can just double up the QCD the second year and everything is a wash. For example, suppose you ha...
by ralph124cf
Tue Sep 11, 2018 7:24 am
Forum: Personal Consumer Issues
Topic: Toilet Makes A Flushing Sound Occasionally
Replies: 37
Views: 2894

Re: Toilet Makes A Flushing Sound Occasionally

It is most likely the flapper. Put in a new one. Takes a minute and costs a couple of dollars. Flappers have an expected life of 5-10 years. If you have more than one toilet, change them all. Don't bother with trying to clean the current flapper, but it may be necessary to use some fine sandpaper o...
by ralph124cf
Tue Sep 11, 2018 7:17 am
Forum: Investing - Help with Personal Investments
Topic: Should I be a contractor or employee (from an investing perspective)?
Replies: 7
Views: 826

Re: Should I be a contractor or employee (from an investing perspective)?

If you pay yourself the same on a 1099 as you were paying yourself as a W-2 employee, then the IRS collects exactly the same amount of FICA and Medicare taxes. The PAYOR changes from 1/2 you and 1/2 the LLC to all from your personal account. The LLC shows increased income from avoiding the FICA and ...
by ralph124cf
Tue Sep 11, 2018 6:28 am
Forum: Personal Consumer Issues
Topic: Remodel for aging in place
Replies: 44
Views: 3138

Remodel for aging in place

We are approaching age 70, and our three story house is getting to be a pain in the knee. We would like to remain in the house for another 5-10 years, and we are considering what could be done to make the place more comfortable as we age. We do already have lots of grab bars (all towel racks have be...
by ralph124cf
Thu Sep 06, 2018 1:46 pm
Forum: Personal Finance (Not Investing)
Topic: I hit the magic side hustle milestone in August
Replies: 19
Views: 4912

Re: I hit the magic side hustle milestone in August

Starting this year you can no longer deduct work expenses as an employee. These expenses for an individual proprietor are completely deductible. As an IT consultant you would normally buy and use in your business a computer (or three), printer, scanner, phone(s), monitors, business checks, internet ...
by ralph124cf
Thu Sep 06, 2018 1:27 pm
Forum: Personal Finance (Not Investing)
Topic: Is it possible to layer two umbrella insurance policies?
Replies: 12
Views: 1340

Re: Is it possible to layer two umbrella insurance policies?

You have mentioned that you have $1M of auto liability insurance. Is that the amount required by AAA for your umbrella policy? If the requirement is less than that ($500K seems usual) then it is a waste to pay for the added limit on your auto policy.

Ralph
by ralph124cf
Tue Sep 04, 2018 11:36 am
Forum: Investing - Help with Personal Investments
Topic: Storage facility as investment.
Replies: 18
Views: 1639

Re: Storage facility as investment.

One patient with 110 units at 115$monthly, 100% ocupancy with waiting list. Overhead around 24-27% (includes salary, security, property taxes, landscaping, security and insurance). That translates into about $110000/ yr. income. He essentially goes there physically 2-3 hours every 3 months. Manager...
by ralph124cf
Tue Sep 04, 2018 8:22 am
Forum: Investing - Help with Personal Investments
Topic: Storage facility as investment.
Replies: 18
Views: 1639

Re: Storage facility as investment.

PSA (Public Storage, a REIT stock) has been very good to me over the last 15 years. The dividend has also been rising at a double digit rate.

Owning and operating a storage facility is a full time job, but is something that can be done by someone with a high school education.

Ralph
by ralph124cf
Mon Sep 03, 2018 11:14 am
Forum: Investing - Help with Personal Investments
Topic: Aggressive asset allocation and market capitalization for someone with a pension
Replies: 15
Views: 1223

Re: Aggressive asset allocation and market capitalization for someone with a pension

There are two main reasons for having bonds/fixed income/cash as a part of your portfolio. The reason usually emphasized on this forum is risk reduction. The second reason, at least as important in my opinion, at least for a new investor, is opportunity. During a significant bear market, when stocks...
by ralph124cf
Sun Sep 02, 2018 10:11 am
Forum: Investing - Theory, News & General
Topic: Possible Change to RMDs? [Executive order]
Replies: 47
Views: 6212

Re: Possible Change to RMDs? [Executive order]

I’d be happy if they just got rid of the 1/2-year thing. And moreover, the April after the 1/2-year thing. That’s so confusing. What would you propose instead? I would think this is to take into account those who turn 70.5 (or 70) on December 30 or 31. How are they supposed to take the first RMD in...
by ralph124cf
Mon Aug 27, 2018 7:35 pm
Forum: Personal Consumer Issues
Topic: Honduran Mahogany Door
Replies: 8
Views: 1033

Re: Honduran Mahogany Door

Do you need the wood color and grain to show on the outside of the house, or would just the inside be enough to make your wife happy? If so, you can use a very long lasting solid stain on the outside, while showing off the wood texture and color inside.

Ralph
by ralph124cf
Sun Aug 26, 2018 9:30 pm
Forum: Personal Finance (Not Investing)
Topic: Tax form filing for CA -- advice needed
Replies: 4
Views: 599

Re: Tax form filing for CA -- advice needed

This is not the type of question that can reasonably be answered by this forum. You need to consult a local tax expert, either a CPA or a tax lawyer. Preferably somebody who is both. This will cost a few hundred, but it is worth it.

Ralph
by ralph124cf
Sun Aug 26, 2018 4:57 pm
Forum: Personal Finance (Not Investing)
Topic: Is forming a LLC necessary for an independent contractor
Replies: 17
Views: 1619

Re: Is forming a LLC necessary for an independent contractor

One good reason for an LLC or S-Corp is that many larger corporations, and many government entities refuse to contract with sole proprietors. No problem with single person LLCs or S-Corps. This does not appear to be a concern for your daughter.


Ralph
by ralph124cf
Wed Aug 22, 2018 7:58 am
Forum: Personal Consumer Issues
Topic: Troubleshoot water heater
Replies: 11
Views: 774

Re: Troubleshoot water heater

If you have a whole house exhaust fan, and you don't open enough windows for proper venting, this can create enough of a back draft to blow out the pilot light in your water heater.

Ralph
by ralph124cf
Mon Aug 20, 2018 10:19 pm
Forum: Personal Finance (Not Investing)
Topic: Repairs, and the economic joys of homeownership
Replies: 17
Views: 2134

Re: Repairs, and the economic joys of homeownership

This is for anybody else facing the same water heater situation--hot water not lasting long enough. Most electric water heaters have two heating elements, top and bottom. If the bottom heater goes out, while the top heater is still working, then it will heat the top 1/3 of the tank, but the bottom 2...
by ralph124cf
Mon Aug 20, 2018 10:03 am
Forum: Personal Finance (Not Investing)
Topic: Choosing Best Annuity Option
Replies: 6
Views: 779

Re: Choosing Best Annuity Option

The primary thing to take into account is that for the issuer, all of these are calculated to be equal payouts, for the average person. It is up to you to figure out where you (and your wife) fit into the average lifespan. Since this is such a small pension, I believe that it makes no practical diff...
by ralph124cf
Sun Aug 19, 2018 12:15 pm
Forum: Personal Finance (Not Investing)
Topic: Term Life Insurance for Young Couple
Replies: 41
Views: 3558

Re: Term Life Insurance for Young Couple

I disagree those saying that life insurance is not needed if the spouse could survive on one income if the other spouse were to pass away. Once there are kids in the equation, the possibility of both parents passing away needs to be considered. If both parents die in a car accident for example, how...
by ralph124cf
Thu Aug 16, 2018 5:31 pm
Forum: Personal Consumer Issues
Topic: Lock Suitcases on International Flight or Not?
Replies: 32
Views: 2747

Re: Lock Suitcases on International Flight or Not?

Small round nosed scissors are OK, think kindergarten paper scissors.

Ralph
by ralph124cf
Wed Aug 15, 2018 8:53 pm
Forum: Investing - Help with Personal Investments
Topic: Taking stock of current financial state and way forward
Replies: 6
Views: 895

Re: Taking stock of current financial state and way forward

Sell the vested company stock and pay off the HELOC. This will make your credit look better for the refi. You will probably need a significant amount of cash for the refi expenses. Lowering the rate is probably the best financial move that you can make, but rates have been rising, so you might not b...
by ralph124cf
Wed Aug 15, 2018 8:48 pm
Forum: Investing - Help with Personal Investments
Topic: Octogenarian father in law's idea of balance: AAPL + CASH
Replies: 35
Views: 3596

Re: Octogenarian father in law's idea of balance: AAPL + CASH

One way to hedge against his concentrated position in aapl is to buy long term puts (leaps) on aapl and roll over periodically. You could also do a collar which would essentially be costless while limiting his downside and upside. You would lock in his current gains, or at least over a range. It’s ...
by ralph124cf
Wed Aug 15, 2018 8:32 pm
Forum: Investing - Help with Personal Investments
Topic: Do I need disability insurance
Replies: 4
Views: 381

Re: Do I need disability insurance

The disability premium seems high. This may because you are in a profession that the insurance company considers above average for a career ending disability, or because they are overcharging. If you are a surgeon, you have a higher risk of a disability than a CPA. This is not because your job is th...
by ralph124cf
Wed Aug 15, 2018 8:16 am
Forum: Personal Consumer Issues
Topic: Sidewalk repair - price in line?
Replies: 32
Views: 2148

Re: Sidewalk repair - price in line?

Be sure that the bid includes removal of tree roots that may be intruding under the sidewalk and lifting it. If not removed the job will not last long at all.

Ralph
by ralph124cf
Tue Aug 14, 2018 9:00 pm
Forum: Investing - Help with Personal Investments
Topic: Schwab IRA - RMD's taken to Taxable Side
Replies: 6
Views: 440

Re: Schwab IRA - RMD's taken to Taxable Side

Note also that GAINS are not subject to the wash sale rule, only losses.

Ralph