Search found 180 matches

by MtnBiker
Sat Nov 30, 2019 11:57 am
Forum: Personal Finance (Not Investing)
Topic: Medicare Enrollment Error by Social Security - How to get it fixed?
Replies: 2
Views: 530

Re: Medicare Enrollment Error by Social Security - How to get it fixed?

The fact that Medicaid has been notified by Medicare is a good sign that things have started to "change". Hopefully your Medicaid letters also have the name and phone number of a case worker assigned to your son. You should also be able to ask them the same questions, but I suspect they will just r...
by MtnBiker
Fri Nov 29, 2019 11:44 pm
Forum: Personal Finance (Not Investing)
Topic: Medicare Enrollment Error by Social Security - How to get it fixed?
Replies: 2
Views: 530

Medicare Enrollment Error by Social Security - How to get it fixed?

My wife and I have a disabled adult son who lives with us. He meets the Social Security (SS) definition of a DAC "Disabled Adult Child" aka CDB "Childhood Disability Benefit" (disabled prior to age 22, not married, etc.). I am his SS representative payee. When I started SS retirement in October, 201...
by MtnBiker
Sat Aug 24, 2019 6:46 pm
Forum: Personal Investments
Topic: Does anyone use TIPS mutual funds for 100% of their LMP allocation?
Replies: 61
Views: 3661

Re: Does anyone use TIPS mutual funds for 100% of their LMP allocation?

I don't see how you can liability match with a fund. The main idea behind liability matching is matching the duration to remove interest rate risk. If you can't match the duration to your expected consumption, then you are just holding a TIPS fund. Which is fine. It still provides inflation protect...
by MtnBiker
Fri Jul 12, 2019 11:27 pm
Forum: Investing - Theory, News & General
Topic: are TIPS expensive? or are they cheap?
Replies: 204
Views: 21278

Re: are TIPS expensive? or are they cheap?

Latest from Swedroe: https://www.advisorperspectives.com/art ... tips-cheap
The bottom line is that TIPS look cheap relative to both Treasuries and CDs.
by MtnBiker
Thu May 02, 2019 11:44 am
Forum: Personal Investments
Topic: Early Retirement + TIPS + Pension
Replies: 7
Views: 1599

Re: Early Retirement + TIPS + Pension

If it was discussed as to whether the proposed TIPS ladder was to be held in a tax deferred or taxable account, I missed it. If in tax deferred, how is the OP to access the funds prior to age 59-1/2?
by MtnBiker
Sat Apr 27, 2019 11:21 pm
Forum: Personal Finance (Not Investing)
Topic: Why I don't think I should get long term care insurance right now
Replies: 164
Views: 12419

Re: Why I don't think I should get long term care insurance right now

Here's the info for my wife: Cash Outlay Premium (5% infl), Max Monthly Limit, Age $3,400 $10,000 53 3,576 10,500 54 3,769 11,025 55 3,979 11,576 56 4,208 12,155 57 4,462 12,763 58 4,741 13,401 59 5,049 14,071 60 5,389 14,775 61 5,765 15,514 62 11,162 22,923 70 33,233 37,339 80 58,372 47,654 90 58,...
by MtnBiker
Thu Mar 28, 2019 12:12 pm
Forum: Personal Finance (Not Investing)
Topic: Those of You Having Medigap Plan F More than 5 Years
Replies: 40
Views: 2658

Re: Those of You Having Medigap Plan F More than 5 Years

Personally I would choose a plan N or high deductible F where the pool of insureds is likely to be more healthy and thus rate increases less frequent and lower. Is it true that the pool of insureds for Plan F and Plan F-HD are different? (Just making sure that all insured in F-type plans aren't lum...
by MtnBiker
Tue Mar 26, 2019 10:32 pm
Forum: Personal Finance (Not Investing)
Topic: Those of You Having Medigap Plan F More than 5 Years
Replies: 40
Views: 2658

Re: Those of You Having Medigap Plan F More than 5 Years

Regarding Plan G, I always thought that Medicare always pays its 80% regardless of whether you have a Medigap deductible or not. And you pay your 20% UNTIL you reach your deductible (in your example above that would be $183). After that, Medigap Plan G pays 100%. Is this correct? Not quite. Medigap...
by MtnBiker
Mon Mar 25, 2019 9:39 pm
Forum: Personal Finance (Not Investing)
Topic: How to juggle Roth conversions with staying under ACA cliff?
Replies: 22
Views: 1749

Re: How to juggle Roth conversions with staying under ACA cliff?

I'm expecting in the $1.3 - 1.5m range. Debt free and live on under $50k now. If this is the projected tax deferred account balance at age 70-1/2, I'm not seeing a compelling reason to forego ACA subsidies prior to Medicare in order to make Roth conversions. Would not initial RMDs be in the $50K ra...
by MtnBiker
Sun Mar 17, 2019 10:00 am
Forum: Personal Finance (Not Investing)
Topic: Newbie question on trusts and estate planning
Replies: 15
Views: 1653

Re: Newbie question on trusts and estate planning

To protect against Medicaid you would have to give away your assets five years in advance. A common technique for people in their 70s with modest assets is to put assets (often the home) into a trust in which they receive the income but can't receive any principal. After five years, while they'll h...
by MtnBiker
Sat Mar 16, 2019 9:02 pm
Forum: Personal Finance (Not Investing)
Topic: SALT Limitation: Better to claim state sales tax deduction instead of income tax deduction if above the 10k Limit?
Replies: 19
Views: 3270

Re: SALT Limitation: Better to claim state sales tax deduction instead of income tax deduction if above the 10k Limit?

Edited to add: note that the IRS estimation formula might be very generous to Bogleheads who live beneath their means. If you save a large portion of your income, you are clearly not paying any sales tax with that portion. +1 My taxable income last year was almost entirely Roth conversions. The IRS...
by MtnBiker
Tue Feb 26, 2019 1:21 pm
Forum: Personal Finance (Not Investing)
Topic: [2018 tax return - How does it compare to previous years?]
Replies: 441
Views: 35427

Re: [2018 tax return - How does it compare to previous years?]

Just curious what people are using to calculate their effective rate: federal income tax alone? Fed + state? Fed+state+SS+Medicare? Since the title of the thread refers to 2018 tax returns and the context of the OP is the change in the federal tax code from 2017 to 2018, I think we should be calcul...
by MtnBiker
Thu Feb 21, 2019 4:04 pm
Forum: Personal Finance (Not Investing)
Topic: [2018 tax return - How does it compare to previous years?]
Replies: 441
Views: 35427

Re: [2018 tax return - How does it compare to previous years?]

Effective tax rate (tax/taxable income) is a little misleading because the taxable income under the new tax law is quite a bit higher with the loss of SALT deduction. Is that the correct way to compute effective tax rate? My taxes vary significantly year to year because of bunching of deductions. I...
by MtnBiker
Wed Feb 20, 2019 9:53 pm
Forum: Personal Consumer Issues
Topic: Some water ok in crawlspace?
Replies: 21
Views: 2007

Re: Some water ok in crawlspace?

Can you not put down a thick vapor barrier, i.e., heavy duty plastic? I live in the Southeast and all of the crawlspaces here have thick vapor barriers down. +1. Damp, even wet dirt in a crawlspace should not be an issue if it is covered with a good vapor barrier. The idea is to keep the humidity l...
by MtnBiker
Wed Feb 20, 2019 9:07 pm
Forum: Investing - Theory, News & General
Topic: 30 year Tips Auction Feb 21st: exp. yield 1.1%
Replies: 31
Views: 3606

Re: 30 year Tips Auction Feb 21st: exp. yield 1.1%

Perhaps you meant that it's not worth your while to take coupons into account when setting up the ladder. This is a perfectly valid point when building a 30-year ladder one rung at a time -- as you are -- if future coupons are only anticipated to be about 1%. But for those building the ladder all a...
by MtnBiker
Tue Feb 12, 2019 10:07 pm
Forum: Personal Finance (Not Investing)
Topic: [2018 tax return - How does it compare to previous years?]
Replies: 441
Views: 35427

Re: [2018 tax return - How does it compare to previous years?]

livesoft wrote:
Tue Feb 12, 2019 9:57 pm
Don't you have a printer that prints duplex (double-sided)?
Is the objective to save trees or octopi (ink)?
by MtnBiker
Tue Feb 12, 2019 9:21 pm
Forum: Personal Finance (Not Investing)
Topic: [2018 tax return - How does it compare to previous years?]
Replies: 441
Views: 35427

Re: Smaller tax refunds this year? Clear explanation please

I paid higher taxes because bunching of deductions in my personal situation under the old rules was very good to me, but is prevented with the new rules. I haven't read through this entire thread but the quote above jumped out at me. Certainly bunching of deductions is less advantageous under the n...
by MtnBiker
Mon Feb 11, 2019 12:06 pm
Forum: Personal Finance (Not Investing)
Topic: Social Security reply
Replies: 28
Views: 4380

Re: Social Security reply

I applied in person in October for my retirement benefit and my wife's spousal benefit. It took over a month to receive an initial determination for myself and about 2 months for my wife. They are busy and backlogged. If your benefits start before they make a decision, then you are made whole with a...
by MtnBiker
Wed Jan 30, 2019 9:49 pm
Forum: Personal Consumer Issues
Topic: Takata Airbag Class Action Settlement
Replies: 39
Views: 5122

Re: Takata Airbag Class Action Settlement

Yesterday I received a check for about $235. Can't remember exactly what total expense I documented, but that sounds about right. I'm happy with it but wondering if I should have asked for more. My loss of use was for 16 months. Expense claimed was simply the estimated additional fuel cost of drivin...
by MtnBiker
Tue Jan 29, 2019 9:18 pm
Forum: Personal Finance (Not Investing)
Topic: Spousal benefits
Replies: 4
Views: 466

Re: Spousal benefits

Suggest going to https://opensocialsecurity.com/ and plug your information into the calculator. Check the "Advanced Options" box. It will give some guidance as to suitable claiming strategies in your situation.
by MtnBiker
Tue Jan 15, 2019 8:58 pm
Forum: Personal Consumer Issues
Topic: End of an era - Boeing 727
Replies: 35
Views: 2623

Re: End of an era - Boeing 727

My most memorable flights in a 727: 1) Was on board the last aircraft (Northwest 727) to depart from Washington National before it shut down on the morning of February 11, 1983 as the Megalopolitan Blizzard of February 10-12, 1983 paralyzed the region. https://www.washingtonpost.com/blogs/capital-we...
by MtnBiker
Mon Jan 14, 2019 10:16 pm
Forum: Personal Investments
Topic: 401(k) rollover check for 8 cents. Can I ignore it?
Replies: 8
Views: 836

Re: 401(k) rollover check for 8 cents. Can I ignore it?

I have you beat. I got a check recently from Fidelity for 1 cent. You can't make this stuff up. Years ago I got a check for $0.01 from Schwab, if I remember correctly. Was going to frame it but then forgot about it. A couple of years later they sent another check to replace it. So I cashed that sec...
by MtnBiker
Mon Jan 14, 2019 4:37 pm
Forum: Personal Finance (Not Investing)
Topic: "Open Social Security" calculator: feature requests, bug reports, etc
Replies: 354
Views: 42049

Re: "Open Social Security" calculator: feature requests, bug reports, etc

Thank you for the additional details, MtnBiker. The issue was that the calculator was using the disability family max rules to calculate the family max on Mother's work record. In other words it was incorrectly using a $307 family max instead of the correct $460 family max, which led to a smaller c...
by MtnBiker
Mon Jan 14, 2019 3:02 pm
Forum: Personal Finance (Not Investing)
Topic: "Open Social Security" calculator: feature requests, bug reports, etc
Replies: 354
Views: 42049

Re: "Open Social Security" calculator: feature requests, bug reports, etc

In Case A (Mother not on disability), what did you enter as Mother's PIA and retirement filing date? As a general rule, spousal benefits should be reduced by the greater of a person's own PIA or retirement benefit. So if she is receiving a retirement benefit in Case B -- due to having converted fro...
by MtnBiker
Mon Jan 14, 2019 1:40 pm
Forum: Personal Finance (Not Investing)
Topic: "Open Social Security" calculator: feature requests, bug reports, etc
Replies: 354
Views: 42049

Re: "Open Social Security" calculator: feature requests, bug reports, etc

Update: I just rolled out functionality for child benefits and child-in-care spousal benefits. That's about 9 months of nearly full-time work on this project (~30 hours spent on it per week since April), and the calculator now does all of the major things that I had hoped for it to do. So I think I...
by MtnBiker
Tue Dec 25, 2018 3:13 pm
Forum: Personal Finance (Not Investing)
Topic: Choosing Part D Medicare Plan
Replies: 15
Views: 1431

Re: Choosing Part D Medicare Plan

I think what they put for estimated annual price has some obscure assumptions and is not simply what you will pay if you take your meds. But when I worked through the math last year, the order of cheapest to most expensive for me ended up being about the same. Make sure your Pharmacy/Pharmacies are...
by MtnBiker
Mon Dec 24, 2018 8:18 pm
Forum: Personal Finance (Not Investing)
Topic: Choosing Part D Medicare Plan
Replies: 15
Views: 1431

Re: Choosing Part D Medicare Plan

If the cost of the drugs taken is negligible, she would never meet her deductible for the year. So then the copays and deductible would not matter. Only thing left in the decision is to find the plan with the lowest monthly premium. Am I missing anything? For most of us the choice is not that simple...
by MtnBiker
Wed Oct 31, 2018 8:31 pm
Forum: Personal Finance (Not Investing)
Topic: Help with choosing a Medigap company (not plan)
Replies: 5
Views: 873

Re: Help with choosing a Medigap company (not plan)

I know I want a Medigap G plan, but I'm frustrated by the lack of transparency by the insurance companies offering these policies. I'm not sure I want to contact every insurance company offering a policy in my zip code and give them my name, phone number and email address just to get some basic inf...
by MtnBiker
Wed Oct 31, 2018 7:57 pm
Forum: Personal Finance (Not Investing)
Topic: Struggling with Medicare Plan G vs Plan N
Replies: 63
Views: 4222

Re: Struggling with Medicare Plan G vs Plan N

I am planning on signing up for Plan G for the same reasons you have described above. Coverage anywhere in the US is important to me hence MA plans are not an option. Also Excess Charges may become more common if payments to doctors are decreased further. Thanks, helpful input. If you take a look a...
by MtnBiker
Wed Oct 31, 2018 6:36 pm
Forum: Personal Finance (Not Investing)
Topic: Struggling with Medicare Plan G vs Plan N
Replies: 63
Views: 4222

Re: Struggling with Medicare Plan G vs Plan N

Would like your thoughts on N vs FHD and GHD. Before the video, I was considering FHD. This year, after Medicare Assignment and Payment(80%) Plan N paid a grand total of 70$ for Dr visits.(2 of us). We are heathy and take no meds. So it got me to thinking about FHD. I would save 1800$/yr premium as...
by MtnBiker
Wed Oct 31, 2018 8:35 am
Forum: Personal Finance (Not Investing)
Topic: Struggling with Medicare Plan G vs Plan N
Replies: 63
Views: 4222

Re: Struggling with Medicare Plan G vs Plan N

the author of the video makes some good points about checking out Plan N, particularly since few providers don't take Medicare assignment. However, methinks he way over-sells the point about Guaranteed Issue. In fact, ALL of the plans available at that time are Guarantee Issue (GI) for every new 65...
by MtnBiker
Fri Sep 28, 2018 9:57 pm
Forum: Personal Finance (Not Investing)
Topic: SSI Benefit Rent vs Room and Board?
Replies: 9
Views: 1130

Re: SSI Benefit Rent vs Room and Board?

It looks like home maintenance and utilities like phone, cable and Internet are NOT allowed as household expenses by SS. Not an expert on this, but it seems to me there are two different considerations in play here. Perhaps the items under "household expenses allowed by SS" are used to determine if...
by MtnBiker
Fri Sep 28, 2018 9:30 pm
Forum: Personal Finance (Not Investing)
Topic: SSI Benefit Rent vs Room and Board?
Replies: 9
Views: 1130

Re: SSI Benefit Rent vs Room and Board?

So do you file schedule E showing expenses offsetting the income as suggested by that article? So far I have not bothered since our reimbursement arrangement guarantees that there is no net rental income. I don't think the IRS is interested in tracking not-for-profit family situations for rental in...
by MtnBiker
Fri Sep 28, 2018 8:58 pm
Forum: Personal Finance (Not Investing)
Topic: SSI Benefit Rent vs Room and Board?
Replies: 9
Views: 1130

Re: SSI Benefit Rent vs Room and Board?

http://mcandrewslaw.com/publications-and-presentations/articles/charging-rent-to-an-adult-child-who-receives-ssi/ seems to indicate that it would be taxable income to the parents. That article suggests that the appropriate amount of room and board would be the total amount of household expenses div...
by MtnBiker
Fri Sep 28, 2018 7:55 pm
Forum: Personal Finance (Not Investing)
Topic: SSI Benefit Rent vs Room and Board?
Replies: 9
Views: 1130

Re: SSI Benefit Rent vs Room and Board?

Yes, the parents would expect to be reimbursed by the child for food and housing expenses, but that doesn't mean there is taxable rental income to be declared. One can think of the money that the parents collect from a disabled adult child (DAC) under their care as shared household expenses. Rarely ...
by MtnBiker
Thu Sep 20, 2018 11:25 pm
Forum: Personal Finance (Not Investing)
Topic: Question re SS Restricted Application for Benefits
Replies: 3
Views: 347

Re: Question re SS Restricted Application for Benefits

If you are at full retirement age when you claim, then you should get 1/2 of her PIA. See: https://www.ssa.gov/oact/quickcalc/spouse.html The spousal benefit can be as much as half of the worker's "primary insurance amount," depending on the spouse's age at retirement. If the spouse begins receiving...
by MtnBiker
Wed Sep 05, 2018 11:55 pm
Forum: Personal Finance (Not Investing)
Topic: Filing Restricted SS Application - Language Check
Replies: 52
Views: 6360

Re: Filing Restricted SS Application - Language Check

Here is another thread which discusses SS claiming options for a couple with a disabled adult child. https://www.bogleheads.org/forum/viewtopic.php?t=250481 Your situation has the benefit that both parents have high earnings records, so when both parents begin claiming on your own accounts, the comb...
by MtnBiker
Tue Sep 04, 2018 9:55 pm
Forum: Personal Finance (Not Investing)
Topic: Filing Restricted SS Application - Language Check
Replies: 52
Views: 6360

Re: Filing Restricted SS Application - Language Check

Social Security contacted my wife, now that I am applying for her benefit - SSA is going to reduce her benefit - there is I am told a CAP on monthly benefits for the family overall (that applies for me to get this spousal benefit). My wife does not want her benefit reduced, so I am going to withdra...
by MtnBiker
Fri Aug 24, 2018 9:49 pm
Forum: Personal Finance (Not Investing)
Topic: Changing Address in Social Security
Replies: 21
Views: 2681

Re: Changing Address in Social Security

I got it today. I'm now DW's representative payee. DW got a letter today too, but hers was dated July 30th and sent to our old address. So I guess first thing I do next week is call SSA and get her address updated. When you became representative payee for your mother did you have to get direct depo...
by MtnBiker
Thu Aug 23, 2018 7:17 pm
Forum: Personal Finance (Not Investing)
Topic: Changing Address in Social Security
Replies: 21
Views: 2681

Re: Changing Address in Social Security

No, it was many years ago and I don't remember how long it took. Probably didn't take too long since I don't remember that it was an issue. Best wishes...
by MtnBiker
Thu Aug 23, 2018 6:58 pm
Forum: Personal Consumer Issues
Topic: 4x8 overhead storage: SafeRack vs Fleximounts
Replies: 13
Views: 2873

Re: 4x8 overhead storage: SafeRack vs Fleximounts

Another option: https://www.homedepot.com/p/NewAge-Products-Performance-96-in-L-x-48-in-W-x-42-in-H-Adjustable-VersaRac-Ceiling-Storage-Rack-in-White-40152/205003292 I installed three of these VersaRac units and was happy with the quality. All of these options are probably pretty much equivalent. Bu...
by MtnBiker
Sun Aug 12, 2018 6:43 pm
Forum: Personal Finance (Not Investing)
Topic: Understanding Medicare Options?
Replies: 42
Views: 2663

Re: Understanding Medicare Options?

I believe that you qualify for Medicare after being on SSDI for two years. I believe the medicare choices and evaluation of those choices would be about the same whether on SSDI or age 65. Not necessarily. The Medicare Supplement (Medigap) choices may be very different whether on SDDI or age 65 or ...
by MtnBiker
Fri Aug 10, 2018 8:57 pm
Forum: Personal Finance (Not Investing)
Topic: Medicare Supplement Companies
Replies: 64
Views: 6913

Re: Medicare Supplement Companies

So as not to get any unexpected nasty surprises I always check this actuarial website every month to see which companies have filed for Medigap premium hikes. Just looking at this one, see where Aetna will go as high as 9% in some areas. Just be glad you didn't buy Manhattan Life. 15% (Recommend bo...
by MtnBiker
Fri Aug 10, 2018 3:43 pm
Forum: Personal Finance (Not Investing)
Topic: Medicare Supplement Companies
Replies: 64
Views: 6913

Re: Medicare Supplement Companies

Understand your caution about dealing with an insurance company that might be shaky. For life, auto, LTC, for sure. But, remember, with Medicare supplements, if the company goes belly-up or pulls out of the market, you fall under federal (not state) protection of the law re Guaranteed Issue. When l...
by MtnBiker
Fri Aug 10, 2018 2:59 pm
Forum: Personal Finance (Not Investing)
Topic: Medicare Supplement Companies
Replies: 64
Views: 6913

Re: Medicare Supplement Companies

..... Everyone should do some research before selecting a plan letter (F, G, N, etc.) .... should understand the differences between issue-age, attained-age, etc..... finding current rate information in my state (Idaho) was the most difficult part of the process.......... Evidently all plans in my ...
by MtnBiker
Thu Aug 09, 2018 7:35 pm
Forum: Personal Finance (Not Investing)
Topic: Medicare Supplement Companies
Replies: 64
Views: 6913

Re: Medicare Supplement Companies

A good agent who sells plans from multiple companies can tell you the least expensive company for each letter of plan and the average premium increases for the past few years. He or she can also give you the current premiums for people of other ages. A "good agent", as you say, is also paid by comm...
by MtnBiker
Tue Aug 07, 2018 11:03 pm
Forum: Personal Investments
Topic: How safe is VTIP?
Replies: 31
Views: 3130

Re: How safe is VTIP?

If anyone can help me, I am still very confused in one thing. In my limited experience, the interest rate from any high-yield saving account (HYSA) is almost always less than the inflation. Vanguard Short-Term Inflation-Protected securities ETF (VTIP) yields the inflation plus the real SEC yield (p...
by MtnBiker
Mon Aug 06, 2018 7:01 pm
Forum: Personal Consumer Issues
Topic: input on trip to Spokane, Coeur D'Alene
Replies: 25
Views: 1955

Re: input on trip to Spokane, Coeur D'Alene

I think there is a another shorter rails to trails lakeside near town of Harrison. The Hiawatha trail as mentioned above is a wonderful excursion, but keep in mind that it is a dirt/gravel trail. Bring a raincoat as it is wet in the long tunnel. The Hiawatha Trail is closed after Sept. 23. http://r...
by MtnBiker
Wed Jul 25, 2018 10:25 am
Forum: Personal Finance (Not Investing)
Topic: long term care insurance - is it worth it ?
Replies: 8
Views: 1275

Re: long term care insurance - is it worth it ?

When my employer offered a one-time opportunity to get Long Term Care Insurance, I found that individual policies were available at much lower cost. The people who subscribe to group policies tend to be the employees who are less healthy and perhaps could not buy a policy on their own. The insurance...
by MtnBiker
Wed Jul 25, 2018 9:49 am
Forum: Personal Consumer Issues
Topic: A different long term care question, which assets have to be depleted for a married couple?
Replies: 5
Views: 829

Re: A different long term care question, which assets have to be depleted for a married couple?

Hello, I have a different long term care question. If you are married and both spouses have a pension, 401K and Roth, social security, and jointly own a home, which assets have to be depleted before the ill person would qualify for medicare? In our case, we will be taking our pensions with the 100%...