Search found 487 matches

by Church Lady
Tue Nov 27, 2018 6:30 pm
Forum: Investing - Help with Personal Investments
Topic: Question on New 401K Benefit to Do a Roth Conversion Starting in 2019
Replies: 9
Views: 545

Re: Question on New 401K Benefit to Do a Roth Conversion Starting in 2019

What was your marginal tax rate when you put the money into the 401k? If your rate was lower than now, it would make no sense to now pay a higher rate to convert it to Roth. Actually, the past has no bearing on whether it makes sense to convert now. It makes sense to convert now if you can afford t...
by Church Lady
Fri Nov 16, 2018 6:41 pm
Forum: Personal Finance (Not Investing)
Topic: How Long / Hard To Become a Millionaire on Under $100k Income
Replies: 133
Views: 12329

Re: How Long / Hard To Become a Millionaire on Under $100k Income

A great many calculators will tell you how long to save lump sum L given monthly savings of s and return r. But as the saying goes, a million dollars isn't what it used to be. Just for fun: https://portfoliocharts.com/portfolio/classic-60-40/ Navigate to that page, then scroll down to the chart labe...
by Church Lady
Fri Nov 16, 2018 6:00 pm
Forum: Personal Consumer Issues
Topic: Foreign Currency
Replies: 24
Views: 1031

Re: Foreign Currency

Disclosure: I've never been to Japan :oops: , BUT I am researching a tourist excursion there. 8-) Your ATM card may not work in Japanese ATMs. Seven Eleven convenience stores which are said to be ubiquitous accept foreign ATM cards, as do ATMs in the Post Office. Here is a link for Seven bank, which...
by Church Lady
Fri Nov 16, 2018 4:56 pm
Forum: Personal Finance (Not Investing)
Topic: dental insurance - weighing extra premium vs extra benefit
Replies: 5
Views: 627

Re: dental insurance - weighing extra premium vs extra benefit

Is the premium pre-tax? I used to have a dental plan whose premium worked out to be about the same as paying cash for two cleanings/checkups a year, but was better because the premium was pre-tax. Are the fees negotiated? One benefit of my old plan was that if I did need 'extra' services, I paid a p...
by Church Lady
Mon Nov 05, 2018 2:58 pm
Forum: Personal Consumer Issues
Topic: Gap in Creditable coverage
Replies: 5
Views: 478

Re: Gap in Creditable coverage

Thanks, everyone! This really does help!
by Church Lady
Sun Nov 04, 2018 3:29 pm
Forum: Personal Consumer Issues
Topic: Gap in Creditable coverage
Replies: 5
Views: 478

Re: Gap in Creditable coverage

Bump.
by Church Lady
Fri Nov 02, 2018 6:28 pm
Forum: Personal Consumer Issues
Topic: Gap in Creditable coverage
Replies: 5
Views: 478

Gap in Creditable coverage

I'm about five years away from starting Medicare, so I'm buying 2019 retiree health insurance from my former employer. Megacorp has notified retirees that some options under the plan are not 'creditable coverage' with respect to prescription drug coverage. They further inform us: Penalty for Gap in ...
by Church Lady
Fri Nov 02, 2018 5:37 pm
Forum: Personal Consumer Issues
Topic: The most you ever paid for a prescription
Replies: 80
Views: 3630

Re: The most you ever paid for a prescription

Thanks, everyone, for the many responses! Drugs are very expensive! I have since learned something else about my three choices for coverage. If I choose the high deductible or medium deductible plan, my prescription drug coverage will not be 'creditable'. This will affect the premium I pay for Medic...
by Church Lady
Fri Nov 02, 2018 9:31 am
Forum: Investing - Theory, News & General
Topic: Apple's share plummeting: should we 'kick out the largest stock' as Rob Arnott suggests?
Replies: 40
Views: 2107

Re: Apple's share plummeting: should we 'kick out the largest stock' as Rob Arnott suggests?

Kicking out the 'largest' stock is somewhat akin to firing your best employee just because they are so darn productive, is it not? If you are concerned about over weighting AAPL, you could buy something like RSP -- Investco S&P 500 Equal Weight ETF. ER = .2, dividend and YTD return this morning abou...
by Church Lady
Tue Oct 30, 2018 11:10 pm
Forum: Personal Consumer Issues
Topic: Planning first international trip - London/Paris
Replies: 74
Views: 4045

Re: Planning first international trip - London/Paris

Add Tower of London and Hampton Court Palace to the list of attractions. The guided tours at these sites are excellent. Try to attend a Choral Evensong if you don't object to attending a Church of England service. The talent and professionalism of British school boys singing a choral service is stun...
by Church Lady
Tue Oct 30, 2018 9:08 pm
Forum: Personal Finance (Not Investing)
Topic: Travelers Checks
Replies: 36
Views: 2352

Re: Travelers Checks

Apparently your traveler's checks are still good in Japan, and get a better exchange rate than greenbacks: https://www.frommers.com/destinations/japan/planning-a-trip/money and scroll to the heading Traveler's Checks . Of course, this isn't useful if you're not planning a trip to Japan any time soon...
by Church Lady
Tue Oct 30, 2018 8:48 pm
Forum: Personal Consumer Issues
Topic: The most you ever paid for a prescription
Replies: 80
Views: 3630

The most you ever paid for a prescription

It's that time of year again -- open enrollment. I'm mulling my choices. One implication of the plan I choose is the amount of prescription drug coverage I get. All plans offer the same prescription co-pays, formulary, and pharmacy. The only prescription coverage difference among the plans that I ca...
by Church Lady
Fri Oct 26, 2018 5:48 pm
Forum: Personal Consumer Issues
Topic: Sound reduction in large house
Replies: 17
Views: 2104

Re: Sound reduction in large house

FYI. You can hang a quilt (picture, full, queen, or king size) on your wall. The price of rugs and quilts being what they are, I'm not sure which would prove cheaper. Some quilts are works of art in their own right. Not endorsing this particular place (it's costly), but just to give you ideas: https...
by Church Lady
Fri Oct 19, 2018 4:08 pm
Forum: Personal Finance (Not Investing)
Topic: Give 1 Week Notice: Can Employer Retaliate by Not Paying Vacation?
Replies: 53
Views: 5093

Re: Give 1 Week Notice: Can Employer Retaliate by Not Paying Vacation?

How much accrued vacation are we talking about? Why do you suppose they would retaliate?
by Church Lady
Thu Oct 18, 2018 4:26 pm
Forum: Personal Finance (Not Investing)
Topic: Paying off the mortgage early - Isn't this the opposite of "putting more money into your house"?
Replies: 96
Views: 9062

Re: Paying off the mortgage early - Isn't this the opposite of "putting more money into your house"?

I can hold very low risk investments that pay more than my mortgage rate. For example, a two year FDIC insured CD pays more than my mortgage rate. Holding low beta stock funds for the duration of the mortgage has worked even better -- so far. This doesn't account for inflation, which is slowly decr...
by Church Lady
Thu Oct 18, 2018 3:05 pm
Forum: Personal Consumer Issues
Topic: Tip Furniture Delivery?
Replies: 12
Views: 1161

Re: Tip Furniture Delivery?

Generally, no. However, if I ask them to do something unusual (for example, it is supposed to be a curbside delivery, but I persuade them to carry it inside/upstairs), I tip.
by Church Lady
Wed Oct 17, 2018 12:10 pm
Forum: Personal Finance (Not Investing)
Topic: Paying off the mortgage early - Isn't this the opposite of "putting more money into your house"?
Replies: 96
Views: 9062

Re: Paying off the mortgage early - Isn't this the opposite of "putting more money into your house"?

I can hold very low risk investments that pay more than my mortgage rate. For example, a two year FDIC insured CD pays more than my mortgage rate. Holding low beta stock funds for the duration of the mortgage has worked even better -- so far. This doesn't account for inflation, which is slowly decre...
by Church Lady
Mon Oct 15, 2018 3:26 pm
Forum: Personal Finance (Not Investing)
Topic: Girlfriend lost job, getting a lump sum severance... What should we do next
Replies: 36
Views: 3164

Re: Girlfriend lost job, getting a lump sum severance... What should we do next

However, she needs to pay about $700 per month, for her current lease, which she cannot get out off until May 2019. My last lease said I was liable for the entire term of the lease ... even if I died before the lease was up! (Now how are they going to collect on that? :? ). However, the leasing off...
by Church Lady
Thu Oct 11, 2018 11:09 am
Forum: Investing - Theory, News & General
Topic: Potential “tax wash” Roth conversions during big market drops?
Replies: 11
Views: 1019

Re: Potential “tax wash” Roth conversions during big market drops?

If you are paying 22% to do a Roth conversion, the only way to come out ahead is if your marginal rate when withdrawing from your tIRA would be greater than 22%. It doesn't matter what the market had done or will do. (caveat - if you are maxing all tax advantaged accounts, then you come out ahead i...
by Church Lady
Thu Oct 11, 2018 10:36 am
Forum: Investing - Theory, News & General
Topic: Potential “tax wash” Roth conversions during big market drops?
Replies: 11
Views: 1019

Re: Potential “tax wash” Roth conversions during big market drops?

Now that I have had my shower, I thought you said this was legal, ethical and sensible! All kidding aside, yes, I think that's what I'm looking for. I typed up my original post last night after a long day. So let me try it a different way, though, just to make sure. I'm looking for a way to convert...
by Church Lady
Thu Oct 11, 2018 12:13 am
Forum: Investing - Theory, News & General
Topic: Potential “tax wash” Roth conversions during big market drops?
Replies: 11
Views: 1019

Re: Potential “tax wash” Roth conversions during big market drops?

Now that I have had my shower, I see what you are asking ... I think. The answer depends on how much you want to recoup. Suppose you pay the conversion taxes from some taxable account and not from the converted funds itself, so that balance after crash = balance after conversion = B(1-x) To restore ...
by Church Lady
Wed Oct 10, 2018 10:05 pm
Forum: Investing - Theory, News & General
Topic: Potential “tax wash” Roth conversions during big market drops?
Replies: 11
Views: 1019

Re: Potential “tax wash” Roth conversions during big market drops?

It stopped me thinking about RBDs and wondering if this is a legitimate tax strategy. Yes, of course it is legitimate in the sense that it is legal, ethical, and sensible. What more do you want from a tax strategy? :D Say I’m in the 22% tax bracket and any conversion amount I might do wouldn’t put ...
by Church Lady
Wed Oct 10, 2018 7:14 pm
Forum: Investing - Help with Personal Investments
Topic: What did you buy today
Replies: 111
Views: 8491

Re: What did you buy today

Funny thing, I entered some limit orders last night. Of course, I had no idea we'd get a 3% sell off today. Some of my orders executed. They were for ETFs in my IRAs. I considered buying more, but I didn't like the market action as we drew to the close. I considered tax swaps, but maybe it is a litt...
by Church Lady
Wed Oct 10, 2018 3:47 pm
Forum: Personal Finance (Not Investing)
Topic: Between Jobs: Obamacare vs COBRA?
Replies: 30
Views: 1618

Re: Between Jobs: Obamacare vs COBRA?

I'm assuming that I can signup for Obamacare in late Nov, and get covered from Dec 1st (and not retroactive COBRA). My COBRA will expire at end of November. I have to get coverage for the month of December. I could choose ACA or retiree health care for one month. Then I have to choose and enroll AG...
by Church Lady
Thu Sep 27, 2018 7:38 pm
Forum: Investing - Help with Personal Investments
Topic: Im going to die somewhere between Bankruptcy and $20 million
Replies: 46
Views: 9746

Re: Im going to die somewhere between Bankruptcy and $20 million

Hi, OP: Try this calculator: www.i-orp.com. On this page, click the 'Extended ORP' tab, and have at it. This calculator takes taxes into account, and has a glide path option. The learning curve is long, but once you have it set up, it's easy to experiment with different retirement ages, savings amo...
by Church Lady
Thu Sep 27, 2018 7:15 pm
Forum: Investing - Theory, News & General
Topic: Vanguard - You'll need to sign up for security codes soon
Replies: 187
Views: 25470

Re: Vanguard - You'll need to sign up for security codes soon

For those who don't want security codes..... I logged onto my account about an hour ago and was confronted with the 'sign up for security codes, or else!' page. My session timed out while reading the TOS. I logged in again and ... no signup page. Same old, same old page. Could eschewing security cod...
by Church Lady
Thu Sep 27, 2018 7:09 pm
Forum: Investing - Theory, News & General
Topic: Vanguard - You'll need to sign up for security codes soon
Replies: 187
Views: 25470

Re: Vanguard - You'll need to sign up for security codes soon

From the TOS: YOUR USE OF THIS SERVICE IS PROVIDED ON AN "AS IS" AND "AS AVAILABLE" BASIS. TO THE FULL EXTENT PERMITTED UNDER APPLICABLE LAW, VANGUARD AND ITS AFFILIATES, SUBSIDIARIES, DIRECTORS, OFFICERS, EMPLOYEES, AGENTS, LICENSORS, AND ANY THIRD-PARTY INFORMATION PROVIDERS AND VENDORS EXPRESSLY ...
by Church Lady
Thu Sep 27, 2018 7:08 pm
Forum: Investing - Theory, News & General
Topic: Vanguard - You'll need to sign up for security codes soon
Replies: 187
Views: 25470

Re: Vanguard - You'll need to sign up for security codes soon

... In the meantime, a customer can call Vanguard to temporarily opt out of security code sending. ... You are the second person (poster gamboolman above being the other) ever mentioned such maneuver. However the rep I talked with was adamant about "no such thing, not even temporarily". He won't ev...
by Church Lady
Mon Sep 24, 2018 2:03 pm
Forum: Personal Finance (Not Investing)
Topic: Mortgage application: Disclosing All Assets?
Replies: 17
Views: 2093

Re: Mortgage application: Disclosing All Assets?

When I applied for my mortgage over the phone, I started listing my accounts. Soon after I started, the agent said "That's enough" and didn't want to hear about the rest. If the mortgage company found out about the remaining accounts, they said nothing. I got the loan. The mortgage company is a top ...
by Church Lady
Sun Sep 23, 2018 8:48 pm
Forum: Investing - Help with Personal Investments
Topic: Im going to die somewhere between Bankruptcy and $20 million
Replies: 46
Views: 9746

Re: Im going to die somewhere between Bankruptcy and $20 million

Hi, OP: Try this calculator: www.i-orp.com. On this page, click the 'Extended ORP' tab, and have at it. This calculator takes taxes into account, and has a glide path option. The learning curve is long, but once you have it set up, it's easy to experiment with different retirement ages, savings amou...
by Church Lady
Sun Sep 23, 2018 7:56 pm
Forum: Investing - Help with Personal Investments
Topic: What is right place for MLPs in portfolios?
Replies: 12
Views: 780

Re: What is right place for MLPs in portfolios?

How do we get MLPs exposures to portfolios? Buy MLPs, or funds that hold MLPs. What is the right place (taxable, IRAs, Roth IRA, 401ks) to place MLPs to exposure? (Most) MLPs are tax advantaged investments. Ya don't hold MLPs in tax advantaged accounts the same way you don't hold municipal bonds in...
by Church Lady
Wed Sep 19, 2018 6:58 pm
Forum: Personal Consumer Issues
Topic: Did you really have something to retire to?
Replies: 133
Views: 11885

Re: Did you really have something to retire to?

I retired to spending more time with my family. My job was in a different state, so I had to choose. I suppose I could have found a job in my home state, but I don't have the energy I used to.

Apart from that, no plans. A bad day at home beats a good day in the office. :D
by Church Lady
Mon Sep 17, 2018 10:39 pm
Forum: Investing - Help with Personal Investments
Topic: retiring soon, any advice on moving 401k?
Replies: 6
Views: 826

Re: retiring soon, any advice on moving 401k?

I have no plans to roll over my 401K to an IRA soon. I'll do Roth conversions, but I'll keep the converted :moneybag in the plan. I like having access to a competitively yielding stable value fund. I also have access to low fee mutual funds (no brokerage link -- unit trusts and mutual funds only). I...
by Church Lady
Fri Sep 14, 2018 8:52 pm
Forum: Personal Finance (Not Investing)
Topic: Grocery Store Comparison App
Replies: 9
Views: 861

Re: Grocery Store Comparison App

A quick search for 'price book app' turned up a few articles. This one: https://lifehacker.com/how-to-save-the-most-money-on-your-grocery-budget-with-1518202640 mentions spread sheets and mobile (Phone) apps, as well as the three ring binder. Is that the sort of thing you mean, or are you looking fo...
by Church Lady
Fri Sep 14, 2018 5:47 pm
Forum: Personal Consumer Issues
Topic: [Wearing] Shorts in Egypt
Replies: 71
Views: 5622

Re: Shorts in Egypt

https://www.tripadvisor.com/Travel-g294201-c74912/Cairo:Egypt:What.To.Wear.When.Visiting.Egypt.html Excerpt: For men it is not really an issue -- normal trousers and shirt or T-shirt are fine -- but in Cairo it would not be acceptable to wear short shorts or a tank tops/sleeveless tops. In the reso...
by Church Lady
Fri Sep 14, 2018 3:44 pm
Forum: Personal Consumer Issues
Topic: Picking a Charity
Replies: 69
Views: 2949

Re: Picking a Charity

Charity navigator org

I notice that Charity Navigator has an option to donate directly through their website. I like the idea of giving anonymously. Has anyone used this feature, and if so, what was your experience? Did you get a tax receipt? Did you get annoying emails?
by Church Lady
Mon Sep 10, 2018 10:18 am
Forum: Personal Consumer Issues
Topic: where to learn to sew?
Replies: 33
Views: 2150

Re: where to learn to sew?

Back in the day, we learned hand sewing years before progressing to machine sewing. Hand sewing tools are pretty cheap to buy. What exactly to get depends on what she wants to sew. Hand sewers can do without the machine, but machine sewers cannot avoid hand sewing from time to time. One way or anoth...
by Church Lady
Thu Sep 06, 2018 10:14 pm
Forum: Personal Finance (Not Investing)
Topic: Using your home as old age care self-insurance?
Replies: 74
Views: 5941

Re: Using your home as old age care self-insurance?

I'm planning to sell the house if I go into care. If I go into care, I'll obviously be too infirm to maintain a house when I get out. So the house should go, even if I have loads of other assets I could use.
by Church Lady
Thu Sep 06, 2018 9:58 pm
Forum: Personal Consumer Issues
Topic: Experience With No Car? (Uber/Lyft)
Replies: 47
Views: 4560

Re: Experience With No Car? (Uber/Lyft)

My first full time job was in a very bike friendly town. I chose not to have a car. I biked (and occasionally walked) to work. For longer hauls, I took the bus or commuter train. As has been mentioned, you save a lot of money by NOT having a car. But eventually I caved and got a car. Here's why: I w...
by Church Lady
Tue Sep 04, 2018 10:06 pm
Forum: Investing - Help with Personal Investments
Topic: Max 401k and live off savings?
Replies: 9
Views: 1225

Re: Max 401k and live off savings?

Hi OP,
I had a thread about living cash flow negative for the sake of the 401K you can check out:
viewtopic.php?t=185013

There's a post there by Klangfool and another by Spirit Rider you should study carefully.
by Church Lady
Sun Sep 02, 2018 11:10 pm
Forum: Investing - Theory, News & General
Topic: Roth conversion with future RMD and SS
Replies: 28
Views: 2583

Re: Roth conversion with future RMD and SS

OP,
Dld you remember to take into account that the tax act of 2017 expires in 2025 -- back to old law for 20162026? Just wondering.
by Church Lady
Sat Sep 01, 2018 10:19 pm
Forum: Personal Finance (Not Investing)
Topic: Wells Fargo Mortgage Recast
Replies: 4
Views: 1526

Re: Wells Fargo Mortgage Recast

I take it they want you to pay them a lump sum as part of the recast? How much, and how does the lump sum affect your liquidity? Bumping this thread up for the weekend.
by Church Lady
Sat Sep 01, 2018 12:56 pm
Forum: Personal Finance (Not Investing)
Topic: TRowePrice's Future Path planning tool
Replies: 13
Views: 1783

Re: TRowePrice's Future Path planning tool

I've never understood why this is a puzzle. :?: Of the original $30, $25 is in the cash register, $2 is in the dishonest bellhop's pocket, and $3 is back in the guests' wallets. You subtract $2 from $27 to get the $25 they should have paid. Adding the $2 to the $27 doesn't represent anything. The $...
by Church Lady
Sat Sep 01, 2018 12:49 pm
Forum: Personal Consumer Issues
Topic: How do you save money on groceries?
Replies: 157
Views: 10601

Re: How do you save money on groceries?

OP, - If you have Target nearby, they sometimes have good grocery deals. You have to watch for them, but they are there. - Stocking up is expensive, and it is easy to get carried away. Here are two true life examples. One relative always buys toilet paper whenever it is on sale. One day, she decided...
by Church Lady
Wed Aug 29, 2018 8:58 pm
Forum: Personal Finance (Not Investing)
Topic: TRowePrice's Future Path planning tool
Replies: 13
Views: 1783

Re: TRowePrice's Future Path planning tool

Yes, the sliders are stubborn. Try editing again (when they are not suspecting). I'm glad you're making progress.
by Church Lady
Tue Aug 28, 2018 11:31 pm
Forum: Personal Finance (Not Investing)
Topic: TRowePrice's Future Path planning tool
Replies: 13
Views: 1783

Re: TRowePrice's Future Path planning tool

When you edit each manual account, the sliders will appear. Edit each account and set the sliders to the right values for that account. The graph should show the aggregate percentages.
by Church Lady
Tue Aug 28, 2018 10:11 pm
Forum: Personal Finance (Not Investing)
Topic: TRowePrice's Future Path planning tool
Replies: 13
Views: 1783

Re: TRowePrice's Future Path planning tool

I would not say I was an expert; it's more like the blind leading the blind :oops: . But I think you should enter your desired income in today's dollars. Be aware FuturePath does not take taxes into account. As you near retirement, tax issues will loom large and cannot realistically be ignored. Bogl...
by Church Lady
Tue Aug 28, 2018 9:09 pm
Forum: Personal Finance (Not Investing)
Topic: TRowePrice's Future Path planning tool
Replies: 13
Views: 1783

Re: Fidelity's Future Path planning tool

Tip: update your post title from 'Fidelity's Future Path' to 'T Rowe Price FuturePath' to get more responses. When I visit the tool, it first presents this message, which I presume you saw: To update your manually entered retirement savings balances, visit the My Assets page, which can be accessed f...