Search found 6792 matches

by HueyLD
Mon May 20, 2019 11:57 am
Forum: Personal Consumer Issues
Topic: Part D Late Enrollment Penalty and IRMAA
Replies: 2
Views: 255

Re: Part D Late Enrollment Penalty and IRMAA

“Medicare calculates the penalty by multiplying 1% of the "national base beneficiary premium" ($33.19 in 2019) times the number of full, uncovered months you didn't have Part D or creditable coverage. The monthly premium is rounded to the nearest $.10 and added to your monthly Part D premium.” https...
by HueyLD
Mon May 20, 2019 11:52 am
Forum: Personal Finance (Not Investing)
Topic: How to help DW to manage the invested money ??
Replies: 25
Views: 1627

Re: How to help DW to manage the invested money ??

OP,

Your wife will be just fine as shown by her ability to manage everything else.

She may have different ideas on investing and she may not like to be man handled.

Take a deep breath and relax.
by HueyLD
Sun May 19, 2019 6:09 pm
Forum: Personal Finance (Not Investing)
Topic: Sold Home in HK but MIL living in US
Replies: 4
Views: 475

Re: Sold Home in HK but MIL living in US

She also needs to fill out applicable forms related to foreign account ownership and transfers of a large sum into the U.S.
by HueyLD
Sun May 19, 2019 4:47 pm
Forum: Personal Finance (Not Investing)
Topic: Sold Home in HK but MIL living in US
Replies: 4
Views: 475

Re: Sold Home in HK but MIL living in US

How about international wire transfers from her HK bank to her U.S. Bank?
by HueyLD
Sun May 19, 2019 1:42 pm
Forum: Personal Consumer Issues
Topic: new roof
Replies: 34
Views: 3115

Re: new roof

What are your thoughts? I do not expect to sell this house. I am working to get a couple more estimates. The biggest bang for your buck would be improving the insulation underneath your roof. The amount of insulation is a lot bigger factor in the energy efficiency of your home than the roofing mate...
by HueyLD
Sun May 19, 2019 12:19 pm
Forum: Personal Consumer Issues
Topic: new roof
Replies: 34
Views: 3115

Re: new roof

Thanks, I will. I have called several roofing companies, some more than once, and got no answer. I am sure they are still in business. I talked to one that said they'd call me back in 6-8 weeks to schedule an appointment. I have two estimate appointments next week. Would like at least one more, may...
by HueyLD
Sun May 19, 2019 9:52 am
Forum: Personal Finance (Not Investing)
Topic: Does SS payment day of month change when changing benefits?
Replies: 18
Views: 1018

Re: Does SS payment day of month change when changing benefits?

"This is exactly why I was looking for an actual regulation for this specific type of situation. If it really is ad hoc (I can't really believe that ...) it seems you could get it changed if you wanted (I can't really believe that either!) And why does it even depend on the employee following the ru...
by HueyLD
Sun May 19, 2019 8:53 am
Forum: Personal Finance (Not Investing)
Topic: Social Security - Age 66 still working
Replies: 4
Views: 669

Re: Social Security - Age 66 still working

"What am I missing?”

Answer: the "Senior Citizens' Freedom To Work Act Of 2000”

https://www.ssa.gov/legislation/legis_b ... 40700.html
by HueyLD
Sat May 18, 2019 6:21 pm
Forum: Personal Finance (Not Investing)
Topic: Does SS payment day of month change when changing benefits?
Replies: 18
Views: 1018

Re: Does SS payment day of month change when changing benefits?

Sounds like Vanguard employees to me. You can call and talk to five different Vanguard employees and get conflicting answers.
by HueyLD
Sat May 18, 2019 6:14 pm
Forum: Personal Finance (Not Investing)
Topic: Does SS payment day of month change when changing benefits?
Replies: 18
Views: 1018

Re: Does SS payment day of month change when changing benefits?

It didn't change for us. My wife was receiving a spousal benefit since age 66 on my payday (2nd Wednesday) even though her birthday would put her on the 4th Wednesday. However, when she claimed her own benefit at age 70, her payday remained the 2nd Wednesday. That's interesting. It appears that the...
by HueyLD
Sat May 18, 2019 6:10 pm
Forum: Personal Finance (Not Investing)
Topic: Paper EE savings bonds adding a POD
Replies: 2
Views: 316

Re: Paper EE savings bonds adding a POD

I have some EE savings bonds with no POD. They will expire in the next 5-10 years from now and i would like to list my niece as the POD beneficiary just in case. This avoids probate getting in the way of these bonds. The total is ~$20k I would sell them but there are many that are making rates bett...
by HueyLD
Sat May 18, 2019 12:28 pm
Forum: Personal Finance (Not Investing)
Topic: Does SS payment day of month change when changing benefits?
Replies: 18
Views: 1018

Re: Does SS payment day of month change when changing benefits?

“When and how we pay your benefits We pay Social Security benefits monthly. The benefits are paid in the month following the month for which they are due. For example, you would receive your July benefit in August. Generally, the day of the month you receive your benefit payment depends on the birth...
by HueyLD
Fri May 17, 2019 4:23 pm
Forum: Personal Finance (Not Investing)
Topic: Anyone use Treasury Direct ?
Replies: 34
Views: 1916

Re: Anyone use Treasury Direct ?

Last straw was adding a new back account requires a medallion guarantee at a bank. Okay, that's too much. If my heirs fail 3 times logging in, I'm afraid the money will be lost forever. Signature guarantee is no longer required to add a new bank. However, the "three strikes you are out" rule is ver...
by HueyLD
Fri May 17, 2019 8:36 am
Forum: Personal Investments
Topic: ibonds and 529
Replies: 7
Views: 828

Re: ibonds and 529

Yes, you missed the essence of such transfers. Take a look at Form 8815, and more importantly read the instructions. You will learn that the I bond interest is not "deducted;" rather, it is excluded. They are not the same. In addition, the exclusion will only defer the taxation of the interest until...
by HueyLD
Thu May 16, 2019 3:35 pm
Forum: Personal Finance (Not Investing)
Topic: Move Money From Fidelity to Bank Account Instantly?
Replies: 25
Views: 1682

Re: Move Money From Fidelity to Bank Account Instantly?

Is ally usually quick to keep interest rates at the prevailing market rate? Or do I risk Ally no longer being competitive with rates in the future? Nobody can predict the future, but Ally has a history of keeping their online savings rates competitive. Ally may not offer the highest rate, but their...
by HueyLD
Thu May 16, 2019 2:12 pm
Forum: Personal Finance (Not Investing)
Topic: Move Money From Fidelity to Bank Account Instantly?
Replies: 25
Views: 1682

Re: Move Money From Fidelity to Bank Account Instantly?

Even if Fido doesn’t charge for outgoing wire transfers, banks almost always charge for receiving wire transfers.
by HueyLD
Thu May 16, 2019 2:06 pm
Forum: Personal Finance (Not Investing)
Topic: non qualified non spouse annuity
Replies: 3
Views: 295

Re: non qualified non spouse annuity

It looks like she already missed the stretching opportunity. Here is what Vanguard says in this publication https://personal.vanguard.com/vvap/Pdf/z143.pdf?2210108264 for non-spouse beneficiaries: “There are several options for receiving your share of the Vanguard Variable Annuity contract before th...
by HueyLD
Thu May 16, 2019 7:58 am
Forum: Personal Investments
Topic: Spin off cost basis calculation.
Replies: 2
Views: 230

Re: Spin off cost basis calculation.

Hi guys, ADP spun off part of its business into a new entity called CDK Global around Sep/Oct 2014. As an employee of ADP, I had participated in their stock purchase plan and as a result, got a bunch of CDK stock (1 CDK for every 3 ADP shares). Problem is ETrade didn't record the cost-basis for the...
by HueyLD
Wed May 15, 2019 4:25 pm
Forum: Personal Finance (Not Investing)
Topic: Cashing in Paper Savings Bonds
Replies: 6
Views: 517

Re: Cashing in Paper Savings Bonds

Yes, it is getting more common by the day.

You may want to try a credit union.
by HueyLD
Wed May 15, 2019 6:45 am
Forum: Personal Finance (Not Investing)
Topic: Can wife Top off her Social Security benefits?
Replies: 33
Views: 4099

Re: Can wife Top off her Social Security benefits?

For some expert advice on the topic, I suggest you use the search box for 'social security spouse sscritic'. Here is one such link from 10 years ago. He notes that of several instances that the SSA rep giving bad advice as well as providing a wealth of knowledge. https://www.bogleheads.org/forum/vi...
by HueyLD
Tue May 14, 2019 2:18 pm
Forum: Personal Investments
Topic: Selling Series I Bonds
Replies: 43
Views: 3893

Re: Selling Series I Bonds

I learned of I bonds late and never had a chance to own the good old paper I bonds. Ah :twisted:
by HueyLD
Tue May 14, 2019 1:30 pm
Forum: Personal Consumer Issues
Topic: One-day sale on cable modems [Amazon]
Replies: 14
Views: 1050

Re: One-day sale on cable modems [Amazon]

Thanks. Related question-- anyone ever come across a retail consumer cable modem that had had the phone line port? We still keep a landline, thru cable co last couple years, but it means I can't use my own modem and get rid of thst equipment cost like I used to. Yes, you can get telephony modem for...
by HueyLD
Tue May 14, 2019 12:58 pm
Forum: Personal Finance (Not Investing)
Topic: Can wife Top off her Social Security benefits?
Replies: 33
Views: 4099

Re: Can wife Top off her Social Security benefits?

The SSA link says: “Method C - A spouse is entitled to a benefit of $1000 before reduction. She is also entitled to a RIB of $400 before reduction. The full RIB is subtracted from the full spouse benefit. The excess ($600) is then reduced to $540. The RIB is reduced to $380. The total payable is $92...
by HueyLD
Tue May 14, 2019 10:55 am
Forum: Personal Finance (Not Investing)
Topic: Can wife Top off her Social Security benefits?
Replies: 33
Views: 4099

Re: Can wife Top off her Social Security benefits?

Here is the official link https://secure.ssa.gov/poms.nsf/lnx/0300615020#a I need to make a correction to David Jay's calculation. He forgot to reduce the wife's benefit by 27.5%, the early claiming penalty. This penalty applies to both her own benefit and her wife's benefit. So, here we go: 750-414...
by HueyLD
Tue May 14, 2019 7:53 am
Forum: Personal Finance (Not Investing)
Topic: How much can parents gift children in 2019 tax free?
Replies: 38
Views: 4658

Re: How much can parents gift children in 2019 tax free?

Good idea to write two checks if one plans to donate more than $15k per year to a donee.

I didn't know that the Commonwealth had such a low bar for estate tax. So, it is a wise plan to slowly give out early inheritance by staying under the radar.
by HueyLD
Mon May 13, 2019 11:09 pm
Forum: Forum Issues and Administration
Topic: For how long will the forum be around?
Replies: 94
Views: 7061

Re: For how long will the forum be around?

Howdy When livesoft posts his millionth post Happy reading WB When that happens, the forum software can handle it. The forum software can also manage a very large number of members - in the billions. We might need a larger server, though. This forum will be around for as long as LG is around. :)
by HueyLD
Mon May 13, 2019 10:41 pm
Forum: Personal Consumer Issues
Topic: Home warranty - is it worth the money?
Replies: 23
Views: 1750

Re: Home warranty - is it worth the money?

I heard many stories about home warranty services. And the general theme is that insurance companies make lots of money by trip charges ($75 per service call) and denial of services by exclusions in the fine print that nobody bothers to read. Some homeowners were lucky to have one good experience, b...
by HueyLD
Mon May 13, 2019 10:17 pm
Forum: Personal Finance (Not Investing)
Topic: Does spouse get spousal SSN benefit if she had her own SSN
Replies: 20
Views: 2145

Re: Does spouse get spousal SSN benefit if she had her own SSN

I second the recommendation for Mike Piper's book.
by HueyLD
Mon May 13, 2019 10:09 pm
Forum: Personal Finance (Not Investing)
Topic: Does spouse get spousal SSN benefit if she had her own SSN
Replies: 20
Views: 2145

Re: Does spouse get spousal SSN benefit if she had her own SSN

You need to answer the questions I asked of you previously because they are important for the answers. Thanks HueyD. Age, self 37 and spouse 34 this year. I have been working for 13+ years and spouse started working about 2 years ago in 2017. Don’t know the full retirement age yet, I think we will ...
by HueyLD
Mon May 13, 2019 8:35 pm
Forum: Personal Finance (Not Investing)
Topic: Does spouse get spousal SSN benefit if she had her own SSN
Replies: 20
Views: 2145

Re: Does spouse get spousal SSN benefit if she had her own SSN

You need to answer the questions I asked of you previously because they are important for the answers.
by HueyLD
Mon May 13, 2019 12:30 pm
Forum: Investing - Theory, News & General
Topic: U.S. stocks in free fall
Replies: 10783
Views: 1886951

Re: Dip Day!

I am waiting for a 20% correction before jumping in with both feet.
by HueyLD
Mon May 13, 2019 12:15 pm
Forum: Personal Finance (Not Investing)
Topic: Does spouse get spousal SSN benefit if she had her own SSN
Replies: 20
Views: 2145

Re: Does spouse get spousal SSN benefit if she had her own SSN

My wife hasn’t worked initially. Now that she is, I see her SSN total contributions will be lower. My income has been rising at a decent percentage and SSN statement shows decent payout when SSN benefit age hits. My question is, if she only works for 10 years at basic pay and meets SSN credits requ...
by HueyLD
Mon May 13, 2019 10:32 am
Forum: Investing - Theory, News & General
Topic: TSP RMD's
Replies: 34
Views: 3247

Re: TSP RMD's

I turn 70.5 in 2020. Will TSP require me to make a RMD decision in January 2020 or can I just wait through 2020 and make my lump sum election for December 2020? I am not sure what the TSP policies would be, but I can't see them insist on an RMD before your required beginning date RBD (4/1/2021). Je...
by HueyLD
Sat May 11, 2019 11:37 am
Forum: Personal Finance (Not Investing)
Topic: Tax-free reimbursement of moving expenses?
Replies: 4
Views: 312

Re: Tax-free reimbursement of moving expenses?

The IRS says: “Reminders Moving expense reimbursements. P.L. 115-97, Tax Cuts and Jobs Act, suspends the exclusion for qualified moving expense reimbursements from your employee's income for tax years beginning after 2017 and before 2026. However, the exclusion is still available in the case of a me...
by HueyLD
Fri May 10, 2019 1:59 pm
Forum: Personal Investments
Topic: Brokerages with no-transaction fees for Vanguard funds
Replies: 21
Views: 1289

Re: Brokerages with no-transaction fees for Vanguard funds

You asked: “My wife and I invested in Vanguard MFs so long ago that we'd have large capital gains to pay if we sold them and then bought comparable ETFs (I'm assuming this is what posters meant by converting the MFs to ETFs). Am I right about this? -- Otherwise we'd do this in a flash!” No, converti...
by HueyLD
Fri May 10, 2019 7:27 am
Forum: Personal Finance (Not Investing)
Topic: Fidelity: can no longer use first initial, middle name
Replies: 45
Views: 5979

Re: Fidelity: can no longer use first initial, middle name

No problem here; I have no middle name :mrgreen: ... While I was in the military, my records were annotated "NMI" where the middle initial would be stated. I think it was NMN. I also do not have a middle name and some government forms required me to put “NMN” in the middle name field. So, I receive...
by HueyLD
Thu May 09, 2019 9:42 pm
Forum: Personal Finance (Not Investing)
Topic: Starting SS question
Replies: 14
Views: 1503

Re: Starting SS question

If you apply before the year you turn 70, you get a DRC for all months before that year at the time you start in your first benefit. Any DRC earned in the year you apply will be effective the following January. If you apply in the year you turn 70, DRCs earned in prior years will be included in your...
by HueyLD
Wed May 08, 2019 8:28 pm
Forum: Personal Finance (Not Investing)
Topic: Starting SS question
Replies: 14
Views: 1503

Re: Starting SS question

by HueyLD
Wed May 08, 2019 10:28 am
Forum: Personal Finance (Not Investing)
Topic: Filing for a Restricted SS Claim
Replies: 16
Views: 913

Re: Filing for a Restricted SS Claim

I am a 66 1/2 year old male who hasn't filed for my social security yet. I am divorced now after having been married for well over 10 years. My plan is to begin taking my ss at age 70 and in the meantime taking a ex-spousal benefit. My questions are 1) does she have to begin her ss before I can cla...
by HueyLD
Wed May 08, 2019 9:06 am
Forum: Personal Finance (Not Investing)
Topic: GEICO assigning higher risk driver to more expensive car
Replies: 8
Views: 940

Re: GEICO assigning higher risk driver to more expensive car

I think the driver assignment right is state law dependent. The rationale is that any related person living in your household can access your vehicle when needed. As to GEICO, I think they spent too much money on silly ads (more than $1b per a trade magazine) and they have to come up with “new and i...
by HueyLD
Fri May 03, 2019 8:05 am
Forum: Personal Consumer Issues
Topic: Birthday party- No gifts
Replies: 42
Views: 3061

Re: Birthday party- No gifts

How many times do you ignore a host request? Do you wear jeans when the wedding is "black tie"? I think your reasoning is that you will feel small if you show up without a gift and other attendees ignore the host and do show up with gifts. So it is not about the party and the host, but about you. W...
by HueyLD
Thu May 02, 2019 1:40 pm
Forum: Personal Finance (Not Investing)
Topic: Exact date to file amended tax return question
Replies: 7
Views: 602

Re: Exact date to file amended tax return question

Since the IRS says the date of receipt in 1040-X instructions, it is likely what the IRS will go by.

This would be a good question to ask the IRS directly. FWIW, it is better not to push the envelope.
by HueyLD
Thu May 02, 2019 8:36 am
Forum: Personal Finance (Not Investing)
Topic: Exact date to file amended tax return question
Replies: 7
Views: 602

Re: Exact date to file amended tax return question

Yes if you file amended to get a refund.

However, you need to account for the delivery time by the USPS. I know that it could take a few weeks for the USPS to deliver a first class mail a small distance away. So, don't wait until the last moment to tackle a time-sensitive delivery issue.
by HueyLD
Thu May 02, 2019 12:19 am
Forum: Personal Finance (Not Investing)
Topic: Exact date to file amended tax return question
Replies: 7
Views: 602

Re: Exact date to file amended tax return question

Per instructions for from 1040-X: “When To File File Form 1040X only after you have filed your original return. Generally, for a credit or refund, you must file Form 1040X within 3 years (including extensions) after the date you filed your original return or within 2 years after the date you paid th...
by HueyLD
Tue Apr 30, 2019 1:38 pm
Forum: Personal Investments
Topic: IRS tax penalty 2018 - we paid more than 80% thro' paycheck withholding
Replies: 19
Views: 1324

Re: IRS tax penalty 2018 - we paid more than 80% thro' paycheck withholding

Yes we did start the return before March. We will call IRS again tomorrow. Any ideas on how we can clarify this and not pay the penalty? Any forms to file? Fill out form 2210 per the IRS instructions as follows: “To request this waiver, an individual must file Form 2210, Underpayment of Estimated T...
by HueyLD
Tue Apr 30, 2019 3:05 am
Forum: Personal Investments
Topic: EE Bonds in Joint Living Revocable Trust
Replies: 7
Views: 566

Re: EE Bonds in Joint Living Revocable Trust

It is nice to know that the treasury has improved on their turnaround time. My last paperwork took almost three months to process due to inadequate staffing and supposedly heavy redemption requests.
by HueyLD
Mon Apr 29, 2019 5:58 pm
Forum: Personal Investments
Topic: EE Bonds in Joint Living Revocable Trust
Replies: 7
Views: 566

Re: EE Bonds in Joint Living Revocable Trust

I have no actual experience cashing savings bonds as a successor trustee, but you may want to talk to a supervisor at your local bank branch. I think your successor trustee will need to present the bank with a death certificate, a copy of the relevant pages of the trust and the paper bonds in order ...
by HueyLD
Mon Apr 29, 2019 11:26 am
Forum: Personal Investments
Topic: Vanguard Investment Advice
Replies: 11
Views: 1071

Re: Vanguard Investment Advice

Does anybody use their service and what are your thoughts on it? Im 60 now and would like to turn over my investments to a professional so that my wife has someone to talk to if I'm not around. I like the thought of the .3% fee versus the 1% the majority charge. Do they do a good job? Thanks in adv...