Search found 276 matches

by sandramjet
Fri Nov 08, 2019 1:19 am
Forum: Personal Finance (Not Investing)
Topic: Any way to "forfeit" income to avoid IRMAA cliff
Replies: 53
Views: 5883

Re: Any way to "forfeit" income to avoid IRMAA cliff

Well, I found one way to stay under at some of the IRMAA limits... have kids in college during these years and need to stay under the 160K limit for the AOTC!! That keeps me below the 170K IRMAA limit! :annoyed Frankly, with all the various tax phase in/out limits and steps, etc in the code, I've pr...
by sandramjet
Tue Oct 08, 2019 11:35 pm
Forum: Investing - Theory, News & General
Topic: What's a way to determin what is tax-efficient?
Replies: 14
Views: 1503

Re: What's a way to determin what is tax-efficient?

OP, I do not understand why you are asking this question. The ultimate determinant of tax-efficiency is the individual. Not the fund and/or ETF. You get to decide when to sell the fund/ETF and harvest the gain/loss. So, if you have 1 year or more in the emergency fund, you have the freedom to decid...
by sandramjet
Tue Oct 01, 2019 6:54 pm
Forum: Personal Finance (Not Investing)
Topic: Retiree Portfolio Model
Replies: 793
Views: 251549

Re: Retiree Portfolio Model

E.g., if one has $85,001 in other income and decides to withdraw $32K from a tIRA, thus reaching $107,001 MAGI, the marginal rate on that $32K is ((270.9+31.9)-(189.6+12.4))*12/(107001-85001) = 5.5% Not sure I follow this... 107-85 is 22k, not 32k... so are you saying that the 22K has a marginal ra...
by sandramjet
Sat Sep 14, 2019 8:39 pm
Forum: Investing - Theory, News & General
Topic: The best portfolios when the going gets rough
Replies: 72
Views: 6581

Re: The best portfolios when the going gets rough

My main concern about the author of the blog we're discussing here is not his vocation, but that he chooses to remain anonymous. This means that we'll just have to trust, or not, that a stranger is what he says and that his sources, motivations, and ideas are what he says they are. I don't understa...
by sandramjet
Sat Aug 17, 2019 12:37 am
Forum: Investing - Theory, News & General
Topic: Quick (without looking) what do you think YTD total return of US Bond Index is?
Replies: 46
Views: 4316

Re: Quick (without looking) what do you think YTD total return of US Bond Index is?

Why should anyone do this especially without looking? I try not to guess about any thing financial....seems like a way to get in trouble. And if this is just an exercise to make some one feel smarter than me because they know the answer, fine...i already know I'm not the smartest person around. In s...
by sandramjet
Sat Jul 20, 2019 5:35 pm
Forum: Personal Finance (Not Investing)
Topic: Paying Off Mortgage Question
Replies: 77
Views: 6881

Re: Paying Off Mortgage Question

This is really a bit of an apples and oranges question ... You are really asking yourself "should I take a stable return now, or increase my risk in hopes of a greater reward later"? Paying off the mortgage is a known return, with little risk. On the other hand, putting the money aside in the market...
by sandramjet
Mon Jul 15, 2019 12:32 am
Forum: Personal Consumer Issues
Topic: Want a 2 in 1 laptop
Replies: 28
Views: 2754

Re: Want a 2 in 1 laptop

I used to have an HP Spectre X2, but the battery died in only about a year... now I use a Lenovo Thinkpad X1 and love it.
by sandramjet
Fri Jun 21, 2019 5:50 pm
Forum: Personal Finance (Not Investing)
Topic: How to ensure POA is acting in best interest of grantor?
Replies: 65
Views: 4187

Re: How to ensure POA is acting in best interest of grantor?

Thanks for the inputs
Will update when I get info from lawyer
by sandramjet
Wed Jun 19, 2019 1:32 pm
Forum: Personal Finance (Not Investing)
Topic: How to ensure POA is acting in best interest of grantor?
Replies: 65
Views: 4187

Re: How to ensure POA is acting in best interest of grantor?

Are you referring to a formal DPOA document within a comprehensive estate plan or are you referring to those POA forms issued by individual custodians that give others full access to financial accounts? I was referring to the former. Sister has the former... DPOA as part of estate plan/documents. I...
by sandramjet
Tue Jun 18, 2019 4:46 pm
Forum: Personal Finance (Not Investing)
Topic: How to ensure POA is acting in best interest of grantor?
Replies: 65
Views: 4187

Re: How to ensure POA is acting in best interest of grantor?

Thanks for the inputs... here's a few more details... Sister has a durable POA for healthcare and financial. It was set up perhaps 10 years ago. Sister does not manage the investment portfolio; there is a family financial planner who does that. We (4 children) are supposed to meet 1-2x a year to rev...
by sandramjet
Tue Jun 18, 2019 3:19 pm
Forum: Personal Finance (Not Investing)
Topic: How to ensure POA is acting in best interest of grantor?
Replies: 65
Views: 4187

How to ensure POA is acting in best interest of grantor?

I have a sister who has durable power of attorney for our elderly mother, who is home bound with caregivers. However, she is unwilling to share any meaningful sort of information about mom's finances with us. I have access to one of the accounts that mom uses (supposedly her main checking account), ...
by sandramjet
Mon Jun 17, 2019 12:09 pm
Forum: Personal Finance (Not Investing)
Topic: Capital One will only send security notices if you let them spy on you once in a while
Replies: 46
Views: 3345

Re: Capital One will only send security notices if you let them spy on you once in a while

Subject: We've updated your Paperless Terms Open emails regularly to continue receiving notifications. Re: Your Capital One account ending in XXXX [My Name], Recently, we updated the Paperless Terms & Conditions for your account. We'’ve modified the Terms to make it clear that you'’ll need to open ...
by sandramjet
Tue Jun 11, 2019 4:59 pm
Forum: Investing - Theory, News & General
Topic: Variable Percentage Withdrawal (VPW)
Replies: 911
Views: 306050

Re: Variable Percentage Withdrawal (VPW)

Ok, that was not clear that you have to change 2 cells, not just mark it as "Already Started". It would seem more intuitive to me if it is marked as "already started" that would automatically clear the "start age" cell if that is needed. Or at least indicate that in the instructions.
by sandramjet
Tue Jun 11, 2019 4:49 pm
Forum: Investing - Theory, News & General
Topic: Variable Percentage Withdrawal (VPW)
Replies: 911
Views: 306050

Re: Variable Percentage Withdrawal (VPW)

Thanks, that did solve the problems I was seeing. But now I have another (or user error). For grins I was just testing how things look as I change the age. If I put in an age of say 80, and SS starting at 70, it shows an error (I set "already started" to yes). In fact it seems like anytime I started...
by sandramjet
Tue Jun 11, 2019 11:38 am
Forum: Investing - Theory, News & General
Topic: Variable Percentage Withdrawal (VPW)
Replies: 911
Views: 306050

Re: Variable Percentage Withdrawal (VPW)

I downloaded the excel sheet and tried the "retirement" page ... but I get nothing but a lot of #N/A errors, and I see that there are functions in cell B6 that don't seem to be supported ??
Also, if I set my inputs to no pensions, I get lots of DIV/0 errors. Suppose I don't have any pensions?
by sandramjet
Mon Jun 10, 2019 11:15 am
Forum: Personal Finance (Not Investing)
Topic: Does it make sense to buy Part D if you are subject to IRMAA?
Replies: 43
Views: 2674

Re: Does it make sense to buy Part D if you are subject to IRMAA?

I guess I don't understand how IRMAA plays into this? (Serious question, I don't get that connection)

Isn't this the same as asking "Should I buy Part D"? And doesn't that just depend on whether you have other coverage or resources for drug coverage?
by sandramjet
Mon Jun 03, 2019 5:58 pm
Forum: Personal Finance (Not Investing)
Topic: Retiree Portfolio Model
Replies: 793
Views: 251549

Re: Retiree Portfolio Model

You can also unprotect the sheet (on Review tab), then click on the one you want, resize it, then re-protect the sheet.
by sandramjet
Fri May 03, 2019 3:58 pm
Forum: Personal Consumer Issues
Topic: Rotational Program at MegaCorp for college grad hires
Replies: 40
Views: 2665

Re: Rotational Program at MegaCorp for college grad hires

So how does he know that the next rotation will be not nearly as good as the first? Does he have a crystal ball that can predict the future? Part of a rotation program is to find people who can do well in all situations, not just who are good in one spot. And as for hiring people at higher salary th...
by sandramjet
Fri May 03, 2019 1:42 pm
Forum: Investing - Theory, News & General
Topic: Estimating the rate of return on Social Security
Replies: 34
Views: 2879

Re: Estimating the rate of return on Social Security

IMHO, the problem with all of this is that it fundamentally is thinking about SS as an investment, while you should view it as insurance. Do you calculate the return on your homeowners or car insurance? ( If I did, it would be way more "negative" than SS. ) Instead, ask yourself what would it cost y...
by sandramjet
Sat Apr 27, 2019 2:58 pm
Forum: Personal Finance (Not Investing)
Topic: Is ACH Billpay risky?
Replies: 47
Views: 4284

Re: Is ACH Billpay risky?

I have been doing both kinds for over 20 years now. The only time I have ever had a problem has been with the "push" kind, where my bank said it sent a payment, the receiving party said it never got it. Since I wasn't doing a "pull", the receiving party said it was up to me and my bank to resolve it...
by sandramjet
Tue Mar 05, 2019 1:19 am
Forum: Personal Finance (Not Investing)
Topic: Retiree Portfolio Model
Replies: 793
Views: 251549

Re: Retiree Portfolio Model

ages and settings Starting Ending . First year 2019 2058 Years to forecast 40 End Age Model End . Your age 62 80 101 Spouse age 60 99 I'm not sure I understand ... are you setting ending ages for both you and your spouse, shorter than what the model end is? (I have always just selected one or the o...
by sandramjet
Tue Mar 05, 2019 1:12 am
Forum: Personal Investments
Topic: H&R Rep says Backdoor Roth closed/changed..now what?
Replies: 25
Views: 2888

Re: H&R Rep says Backdoor ROTH closed/changed..now what?

interestediniras wrote:
Tue Mar 05, 2019 12:59 am
The new tax law does not permit recharacterization of Roth IRA contributions to Traditional IRA contributions in taxable year 2018.
I don't believe that is true. You can not recharacterize CONVERSIONS, but you should still be able to recharacterize CONTRIBUTIONS if you earned too much
by sandramjet
Sun Mar 03, 2019 1:44 pm
Forum: Investing - Theory, News & General
Topic: My trend following strategy and experience
Replies: 974
Views: 75612

Re: My trend following strategy and experience

The UK stock market's over 80 per cent real drop 1973 to 1975 was an impressive demonstration of how bad things can get. I'm not at all convinced that I could hold on to equities through an 88% drawdown (I believe that was the max drawdown in the Great Depression). Frankly, I'm really not sure how ...
by sandramjet
Thu Feb 28, 2019 9:25 pm
Forum: Personal Finance (Not Investing)
Topic: Does great grandma need the great grandkid's SSN?
Replies: 22
Views: 2476

Re: Does great grandma need the great grandkid's SSN

Perhaps she wants to set up an account like a 529? I had to get my grandchildren's SSN to establish a 529 for them. As for the protection, just ask her to be sure to destroy it when done... In reality, I doubt most people have their SSN number stolen by having it written on a slip of paper in Grandm...
by sandramjet
Thu Feb 21, 2019 2:39 pm
Forum: Investing - Theory, News & General
Topic: rebalancing during decumulation phase
Replies: 61
Views: 4711

Re: rebalancing during decumulation phase

Yes, sorry for the wrong attribution...

I agree that the optimization objective may not be what one might think, and that can certainly lead to unexpected results. As I suggested, this is one of the "dangers" of using optimizers.
by sandramjet
Thu Feb 21, 2019 1:35 pm
Forum: Investing - Theory, News & General
Topic: rebalancing during decumulation phase
Replies: 61
Views: 4711

Re: rebalancing during decumulation phase

I don't think this is really a matter of optimization as much as it is a quirk in how i-ORP works. You have only equities in taxable. Tax-deferred is in tIRA. You also most likely gave i-ORP (or used their defaults) expected returns that are higher for equities than it is for fixed income. i-ORP lo...
by sandramjet
Tue Feb 19, 2019 6:41 pm
Forum: Personal Finance (Not Investing)
Topic: Effective tax rate
Replies: 26
Views: 1974

Re: Effective tax rate

IMO this is way to much work for a number that really doesn't mean much. If you are going to include all taxes you paid, did you include all the gas tax you may have paid? Or excise taxes on alcohol purchases (in some areas...), hotel taxes when you traveled, or maybe VAT taxes in some countries, et...
by sandramjet
Thu Feb 07, 2019 11:29 am
Forum: Personal Finance (Not Investing)
Topic: Is Long Term Care Insurance worth it?
Replies: 318
Views: 13944

Re: Is Long Term Care Insurance worth it?

MJC: Do you sell LTC insurance or underwrite it? WOW: I've written a book on the topic. Perhaps I'm dense, but that does not seem like an answer to the question. Any chance you can answer, yes or no, to the questions? Nobody asked if you wrote a book. Why is it so hard to answer questions directly?...
by sandramjet
Thu Feb 07, 2019 12:22 am
Forum: Personal Finance (Not Investing)
Topic: Is Long Term Care Insurance worth it?
Replies: 318
Views: 13944

Re: Is Long Term Care Insurance worth it?

MJC: Do you sell LTC insurance or underwrite it? WOW: I've written a book on the topic. Perhaps I'm dense, but that does not seem like an answer to the question. Any chance you can answer, yes or no, to the questions? Nobody asked if you wrote a book. Why is it so hard to answer questions directly?...
by sandramjet
Sun Feb 03, 2019 8:59 am
Forum: Personal Finance (Not Investing)
Topic: Retiree Portfolio Model
Replies: 793
Views: 251549

Re: Retiree Portfolio Model

I seem to have entered what I know, where it should go ...... but, it is interesting if I enter $55,000 for expenses my models goes "negative" in 3 years. However, if I enter $50,000 it will last for 40 years ......... somehow that doesn't seem that it could be accurate ? or perhaps I've set the mo...
by sandramjet
Sat Feb 02, 2019 2:21 pm
Forum: Personal Finance (Not Investing)
Topic: Just did my taxes.
Replies: 38
Views: 2844

Re: Just did my taxes.

And I can say, the new law was not kind to me. Not kind to us as well. We got hit with an 80% increase in income taxes despite having about the same income. Considering some of your past posts on paying essentially no taxes on relatively high income, does this mean your taxes went from $1.00 to 1.8...
by sandramjet
Thu Jan 31, 2019 9:59 pm
Forum: Personal Finance (Not Investing)
Topic: Interest Deductibility on Vacation home in LLC
Replies: 4
Views: 425

Interest Deductibility on Vacation home in LLC

My 3 siblings and I may be inheriting from our parent a vacation home that is owned by an LLC. There is no rental income, the house is for personal family use only. The only "income" would be the money we all contribute to cover the expenses (maintenance and taxes, etc). My question is whether any m...
by sandramjet
Thu Jan 31, 2019 1:25 pm
Forum: Personal Finance (Not Investing)
Topic: Were you 100% debt free at retirement
Replies: 163
Views: 11893

Re: Were you 100% debt free at retirement

snackdog wrote:
Thu Jan 31, 2019 1:22 pm
I have no intention of ever being debt free. I am too happy using other people's money as my own! And just because one retires doesn't mean one needs to stop using money and debt intelligently to preserve and continue to build wealth.
+1
by sandramjet
Tue Jan 29, 2019 12:43 am
Forum: Investing - Theory, News & General
Topic: An emergency fund cautionary tale
Replies: 89
Views: 11331

Re: An emergency fund cautionary tale

The article has a link to the study https://www.federalreserve.gov/2015-report-economic-well-being-us-households-201605.pdf And I found it interesting in reading the report they found 68 percent of all respondents report that they would be prepared for a three-month financial disruption. which was ...
by sandramjet
Mon Jan 28, 2019 12:02 pm
Forum: Personal Investments
Topic: College 529 Plan - Change from Moderate to Conservative?
Replies: 16
Views: 990

Re: College 529 Plan - Change from Moderate to Conservative?

Of course, age is not the only factor. Wealth, expenses, and general risk tolerance will all matter. My point exactly. The comment was that assuming one has "just about enough to live on". Regardless of age, if you have just enough to live on, you can't "spread the loss" -- and that situation is no...
by sandramjet
Mon Jan 28, 2019 11:30 am
Forum: Personal Investments
Topic: College 529 Plan - Change from Moderate to Conservative?
Replies: 16
Views: 990

Re: College 529 Plan - Change from Moderate to Conservative?

Ben Mathew wrote:
Mon Jan 28, 2019 11:10 am
An old person who has just about enough to live on can't take on risk.
Seems like this is "mental accounting" with respect to something other than money. What does age have to do with this? Whether you can take risk depends on your financial situation and future situation, not your age.
by sandramjet
Fri Jan 18, 2019 8:31 pm
Forum: Personal Finance (Not Investing)
Topic: Retiree Portfolio Model
Replies: 793
Views: 251549

Re: Retiree Portfolio Model

A couple of notes... 1) yes, the spreadsheet can have a steep learning curve, because it does have lots of options. But I found I learned a lot by trying out things and looking to see what it was doing. So I encourage you to keep trying, and coming back for help if needed, just for the education fac...
by sandramjet
Tue Jan 15, 2019 9:26 pm
Forum: Personal Consumer Issues
Topic: End of an era - Boeing 727
Replies: 35
Views: 2604

Re: End of an era - Boeing 727

And got off the ground really quick on takeoff? I thought it was the 707 that basically went vertical immediately after takeoff??? It seemed that way at the time, but in reality, the current big twins (777, 787) can really climb much faster than these planes. The engines on the twins are powerful e...
by sandramjet
Sun Jan 13, 2019 8:46 pm
Forum: Personal Consumer Issues
Topic: [Peter Jackson’s “They shall not grow old” - now streaming on Amazon Prime]
Replies: 77
Views: 10756

Re: Encore performance Jan. 21: Peter Jackson’s “They shall not grow old”

I've been trying for 2 hours to get a response from website... it won't let me pay online?? Anyone else having these issues?
by sandramjet
Fri Jan 11, 2019 8:57 pm
Forum: Personal Finance (Not Investing)
Topic: Roth conversion
Replies: 36
Views: 3362

Re: Roth conversion

I was planning on doing this but if I do, it would push me over the limit for getting the AOTC benefits... I can't justify the impact of giving up that credit.
by sandramjet
Fri Jan 04, 2019 8:18 pm
Forum: Personal Consumer Issues
Topic: master suite features for addition
Replies: 66
Views: 3801

Re: master suite features for addition

Heated floors in the shower/bath area. Way better than stepping onto cold floors!
by sandramjet
Wed Jan 02, 2019 1:31 am
Forum: Investing - Theory, News & General
Topic: Bogleheads Uniform Returns -- December 2018
Replies: 7
Views: 2159

Re: Bogleheads Uniform Returns -- December 2018

I guess I'm confused about what the point of this is? Why do I care what other people's portfolio returns might be? Portfolio's are uniquely personal, IMHO.
by sandramjet
Thu Dec 27, 2018 8:51 pm
Forum: Personal Finance (Not Investing)
Topic: Retiree Portfolio Model
Replies: 793
Views: 251549

Re: Retiree Portfolio Model

Just wondering if you have any thoughts on the best way to model some of the less common tax events... in my case specifically, looking at how to model the impact of the American Opportunity Tax Credit, which provides a credit of up to $2500 if you have appropriate college expenses of $4000 or more,...
by sandramjet
Thu Dec 27, 2018 10:41 am
Forum: Investing - Theory, News & General
Topic: Another take on international vs S&P 500
Replies: 17
Views: 1416

Re: Another take on international vs S&P 500

First of all, welcome to the forum. I apologize and will not post again Please don't feel you can't post again. This site has a wealth of information, and despite the fact that some folks tend to "bite the newcomers" I encourage you to continue to try to use the information and collective wisdom on ...
by sandramjet
Wed Dec 26, 2018 6:11 pm
Forum: Investing - Theory, News & General
Topic: 96 percent of stocks are no better then TBills
Replies: 51
Views: 8540

Re: Hendrik Bessembinder paper, active over passive?

Hindsight is 20/20. The trick is finding out which stocks will perform like that over the next lifetime to match those returns...
by sandramjet
Thu Dec 06, 2018 6:07 pm
Forum: Personal Investments
Topic: Am I calculating the marginal tax rate correctly here?
Replies: 5
Views: 905

Re: Am I calculating the marginal tax rate correctly here?

Sorry if this is a "detour" but I have a question about how to correctly calculate marginal rates as well. In particular, for the case where you will qualify for the American Opportunity Tax Credit (assume up to the full amount of credit ... 2500), it seems like having this is equivalent to lowering...
by sandramjet
Fri Nov 02, 2018 5:42 pm
Forum: Investing - Theory, News & General
Topic: The biggest rallies in stocks have happened during the worst times to be invested
Replies: 15
Views: 2439

Re: The biggest rallies in stocks have happened during the worst times to be invested

Funny, I don't think these are the worst times to be invested ... I was buying like mad in 2007/2008 ... it has worked out pretty well so far.
by sandramjet
Fri Nov 02, 2018 3:52 pm
Forum: Personal Consumer Issues
Topic: Model 3 Mid-Range or Volt
Replies: 27
Views: 2516

Re: Model 3 Mid-Range or Volt

For a 65 miles commute, I would recommend a Chevrolet Bolt rather than a Volt. We also have one in our household. I prefer it to the Volt. My husband drives it. I agree with this. I have a Bolt, and it routinely gets between 190-220 miles on a single charge, depending on weather, drive conditions, ...