Search found 119 matches

by PaunchyPirate
Wed Oct 16, 2019 3:37 pm
Forum: Personal Finance (Not Investing)
Topic: Cobra coverage and ACA mandate
Replies: 9
Views: 760

Re: Cobra coverage and ACA mandate

60-day initial retroactive coverage is required by law. There have been times when i was between jobs when the health insurance for the old job had expired, and the new job's insurance hadn't started yet (usually less than a month). During those times, I completed the COBRA paperwork, wrote a check...
by PaunchyPirate
Sat Oct 12, 2019 3:53 pm
Forum: Personal Finance (Not Investing)
Topic: Quicken Error OL-221-A
Replies: 13
Views: 1037

Re: Quicken Error OL-221-A

I have had this connection error for 2 or 3 days now. I have one taxable brokerage account, one rollover IRA account, and one Roth IRA account. I have not had any transactions needing downloaded, but it still errors out. I had already seen the Quicken Communities posting as well. I Hope they fix it ...
by PaunchyPirate
Fri Oct 11, 2019 7:24 am
Forum: Personal Finance (Not Investing)
Topic: What’s the proper way to pay yourself in retirement?
Replies: 66
Views: 7827

Re: What’s the proper way to pay yourself in retirement?

I'm finishing up my first year of retirement. I'm also trying to keep my taxable income low enough to get some ACA healthcare tax credit subsidy to reduce my medical costs. At retirement, I stopped re-investing dividends and interest and capital gains distributions in my taxable account. I have them...
by PaunchyPirate
Sat Sep 28, 2019 7:48 am
Forum: Personal Finance (Not Investing)
Topic: How to lookup healthcare.gov reported MAGI ?
Replies: 13
Views: 1271

Re: How to lookup healthcare.gov reported MAGI ?

I think I understand what you are asking. When I sign into my healthcare.gov account and look at my Messages that were sent to me by the site, I see my Eligibility Notice message from November 1, 2018. On page one of that notice, it tells me that I estimated my 2019 income at $xx,000 and that I am e...
by PaunchyPirate
Mon Sep 16, 2019 10:50 am
Forum: Personal Investments
Topic: 401k Catch Up Contribution: Newbie Question
Replies: 7
Views: 691

Re: 401k Catch Up Contribution: Newbie Question

Definitely look into HOW it happens with YOUR 401k plan administrator. In my case, I was like the previous poster. I had to have two separate payroll deduction percentages set in order to do this -- one for the normal contribution and one for the catch-up contribution. 2 different deductions showed ...
by PaunchyPirate
Sun Aug 25, 2019 12:31 pm
Forum: Personal Investments
Topic: Need Advice: Checking/Savings Accounts
Replies: 22
Views: 2141

Re: Need Advice: Checking/Savings Accounts

I use one checking account and one savings account with my local bank. My bank gives me a 3rd account automatically, but I've never put any money into it. I also keep considerable "short-term" funds in a money-market fund at my brokerage. I haven't touched that this year.
by PaunchyPirate
Tue Aug 06, 2019 7:36 am
Forum: Personal Investments
Topic: Guidance on Making that Transition to Vanguard from Ameriprise
Replies: 8
Views: 514

Re: Guidance on Making that Transition to Vanguard from Ameriprise

I'll offer some advice on a couple of these. I am a former Ameriprise customer (actually, I still have one holding there that won't transfer) who now uses Vanguard. My responses to your questions below... 1) I would like to move all of my accounts over from Ameriprise to Vanguard. What would be the ...
by PaunchyPirate
Tue Jul 30, 2019 12:02 pm
Forum: Personal Finance (Not Investing)
Topic: F150 Repair advice
Replies: 39
Views: 1962

Re: F150 Repair advice

OP, if you're interested in trading NOW, have you considered asking a dealership what price they will give you for the truck in its unprepared condition if you buy a new vehicle from them? I had significant body damage (don't ask) on a low-mileage, 5-year old Camry and it turned out that I was bette...
by PaunchyPirate
Tue Jul 30, 2019 11:45 am
Forum: Personal Investments
Topic: 401k allocation from previous employer
Replies: 7
Views: 400

Re: 401k allocation from previous employer

If you wish to keep the 401k in its current account at Fidelity (linked to your former employer), then I would choose 100% VIIIX. It's a good, well-diversified fund. If you truly want 30% of your overall holdings in VTIAX, you might need to adjust that since you should be considering the holdings of...
by PaunchyPirate
Sun Jun 23, 2019 10:05 am
Forum: Personal Finance (Not Investing)
Topic: Should I buy a condo in Chicago?
Replies: 52
Views: 5658

Re: Should I buy a condo in Chicago?

Single professional guy here who purchased a condo on the northside in Chicago (Uptown) in 2006 or so and later sold it in 2012 or so. I would purchase a condo again, if I found the right one in the right location. I would NEVER purchase one in a building with a small number of units. My condo assoc...
by PaunchyPirate
Fri Jun 14, 2019 10:00 am
Forum: Personal Finance (Not Investing)
Topic: Problems with my MyEquifax account
Replies: 11
Views: 1798

Re: Problems with my MyEquifax account

Yep. Went thru the same mess a couple weeks ago. Their website/IT shop must be the worst. I previously had a working login. I tried to use the existing username/password and it didn't recognize it. I tried a second time, in case I made a mistake (even though I was using my computer's password manage...
by PaunchyPirate
Fri Jun 07, 2019 5:50 pm
Forum: Personal Finance (Not Investing)
Topic: Vanguard Transfer: How Long to Remove Track Your Transfer Link
Replies: 7
Views: 1014

Re: Vanguard Transfer: How Long to Remove Track Your Transfer Link

Ha. The last time, mine went away after about 90 days. So I assumed that was the automatic point. But, I've now been staring at the link since early February. It drives me crazy. After reading this, maybe I'll call Vanguard to see if they can remove it.
by PaunchyPirate
Fri Jun 07, 2019 5:46 pm
Forum: Personal Finance (Not Investing)
Topic: Questions for account executives and sales people?
Replies: 17
Views: 1325

Re: Questions for account executives and sales people?

What is her current employment and or education? I was in enterprise (selling to corporations) software sales for most of my career. It can be very lucrative, BUT you can't just become a salesperson overnight. You have to have some life experience/education to be able to prove you can learn the busi...
by PaunchyPirate
Fri Apr 12, 2019 5:18 pm
Forum: Investing - Theory, News & General
Topic: Help needed. Roth contribution into settlement fund?
Replies: 3
Views: 327

Re: Help needed. Roth contribution into settlement fund?

I wanted to start a Roth this year to get the 5-year rule started rolling. But I didn't have $3000 of income left to buy into the mutual fund I would normally want. So I just created the Roth IRA with $1000 in funding. It has been sitting in the Federal Money Market settlement fund for 2 months now ...
by PaunchyPirate
Fri Apr 05, 2019 6:20 pm
Forum: Personal Finance (Not Investing)
Topic: Real Estate Question on Purchase that Fell Thru
Replies: 25
Views: 1939

Re: Real Estate Question on Purchase that Fell Thru

No, you did nothing wrong. Technically, the deal isn't "done" until both sides sign the written document. So there isn't really anything legally wrong here either. However, it was wrong (immoral? -- not sure if that's the right word) of the sellers to have done it and it was wrong for the seller's a...
by PaunchyPirate
Sun Mar 10, 2019 11:29 am
Forum: Personal Finance (Not Investing)
Topic: Rollover 401k - Can I take a loan from it?
Replies: 12
Views: 821

Re: Rollover 401k - Can I take a loan from it?

stockrex wrote:
Sun Mar 10, 2019 8:25 am
Thanks, yes, it was rolled over to an IRA.
IRA = no loans, bummer.
Once a 401k is rolled over to an IRA, it is no longer a 401k (and 401k rules no longer apply). It is now considered an IRA. Some places/people call it a Rollover IRA.
by PaunchyPirate
Mon Feb 18, 2019 8:47 pm
Forum: Personal Finance (Not Investing)
Topic: Budgeting Software
Replies: 13
Views: 1003

Re: Budgeting Software

I use Quicken to track my actual spending into categories I have set up. The vast majority of my spending is via credit card and other electronic transactions that are downloaded into Quicken, so it works well. Since this is my first year of being retired, I have set up a Google office spreadsheet t...
by PaunchyPirate
Sun Feb 17, 2019 11:09 am
Forum: Personal Finance (Not Investing)
Topic: Moved to new state/job 6M ago. Previous employer wants me back!
Replies: 57
Views: 5870

Re: Moved to new state/job 6M ago. Previous employer wants me back!

I would not relocate again in this situation. Family first. Tell the previous employer you need to work from the Texas office with periodic travel to CA as needed. But be aware this could turn into you going to CA every week for the entire week. I would set some level of reasonable travel limits. I ...
by PaunchyPirate
Tue Feb 12, 2019 6:18 pm
Forum: Personal Finance (Not Investing)
Topic: Dividends Going to Old Brokerage After Transfer to Vanguard
Replies: 10
Views: 535

Re: Dividends Going to Old Brokerage After Transfer to Vanguard

Yes, what you are experiencing is normal. I saw exactly the same thing happen when transferring stocks to Vanguard. I think I saw transactions come in for about a month, certainly not much longer than that. It's possibly tied to where the stock is held on either its declaration date or more likely i...
by PaunchyPirate
Mon Feb 11, 2019 8:47 pm
Forum: Personal Finance (Not Investing)
Topic: Check for abandoned property -- worked twice for me
Replies: 58
Views: 9244

Re: Check for abandoned property -- worked twice for me

Thanks! I hit paydirt for myself and my Dad. I'm not sure what will happen, but I have the claim forms printed and ready to go. Pennsylvania Treasury - Unclaimed Property My Dad's claim might be for a paycheck, about 7 years old. I have 2 claims - one is for an insurance claim reimbursement, about ...
by PaunchyPirate
Mon Feb 11, 2019 9:31 am
Forum: Personal Finance (Not Investing)
Topic: Should/Could I semi-retire now, and question about medical insurance until 65?
Replies: 18
Views: 1449

Re: Should/Could I semi-retire now, and question about medical insurance until 65?

Animal Lover, do you reliably know how much money you need per year to live the way you wish to live after retirement? I tracked my spending for 2 years in great detail to fully understand how much I was spending on everything before I pulled the trigger on early retirement. I live in a low-cost-of-...
by PaunchyPirate
Fri Feb 01, 2019 7:12 pm
Forum: Personal Finance (Not Investing)
Topic: Anyone have any experience with a K-1 tax credit?
Replies: 2
Views: 286

Re: Anyone have any experience with a K-1 tax credit?

TurboTax has been able to handle my K-1 from an investment I have in a low-income tax credit mess. So it might be able to handle yours from your situation. However, electronic submission only works for the Federal return for me. I file Pennsylvania state taxes, and having a K-1 requires me to manual...
by PaunchyPirate
Thu Jan 31, 2019 7:32 pm
Forum: Personal Investments
Topic: Taxable Account Roll Over
Replies: 8
Views: 454

Re: Taxable Account Roll Over

It's a non-taxable event IF the mutual fund does not need to be sold in order to transfer to the new brokerage. You should first verify the new brokerage is willing/able to accept the mutual fun. Some mutual funds from some companies are not sold/maintained by some other brokerages. The broker that ...
by PaunchyPirate
Wed Jan 30, 2019 5:19 pm
Forum: Personal Finance (Not Investing)
Topic: How do early retirees get health insurance in the US?
Replies: 22
Views: 3049

Re: How do early retirees get health insurance in the US?

I just retired at age 56 in December 2018. I researched my health insurance options constantly for the year prior to leaving work. It's by far my biggest unknown factor in financial well-being. I knew 18 months of COBRA was one option. I knew I wanted an ACA-compliant plan. So I researched ACA-compl...
by PaunchyPirate
Tue Jan 29, 2019 3:40 pm
Forum: Personal Investments
Topic: Rollover 401k Fidelity to Vanguard - Check is missing middle initial
Replies: 4
Views: 747

Re: Rollover 401k Fidelity to Vanguard - Check is missing middle initial

I am the original poster. To close the loop on this thread... I called Vanguard to discuss the missing middle initial on the Fidelity check before I sent it to them just in case there was going to be an issue. They transferred my call to a Rollover Specialist. She told me it would be an acceptable c...
by PaunchyPirate
Sat Jan 26, 2019 2:01 pm
Forum: Personal Investments
Topic: Rollover 401k Fidelity to Vanguard - Check is missing middle initial
Replies: 4
Views: 747

Re: Rollover 401k Fidelity to Vanguard - Check is missing middle initial

We had to add a form to one of BIL's rollovers to Vanguard because of name differences. Vanguard has a form that is "this named person" is "that named person." Call 'em up, they will tell you the form needed if in fact it is needed. This isn't all that rare, fortunately. Broken Man 1999 Thanks Brok...
by PaunchyPirate
Sat Jan 26, 2019 11:39 am
Forum: Personal Investments
Topic: Rollover 401k Fidelity to Vanguard - Check is missing middle initial
Replies: 4
Views: 747

Rollover 401k Fidelity to Vanguard - Check is missing middle initial

I'm in the process of rolling over a 401k from my former employer (retired) to my existing Vanguard IRA. The 401k was administered by Fidelity NetBenefits. Fidelity has sent me the rollover check payable to "VFTC TR IRA FBO: MyFirstname MyLastname". VFTC stands for Vanguard Fiduciary Trust Company, ...
by PaunchyPirate
Sun Jan 20, 2019 8:25 pm
Forum: Personal Investments
Topic: Retired - One paycheck in 2019 - Roth IRA?
Replies: 16
Views: 1138

Re: Retired - One paycheck in 2019 - Roth IRA?

If you don’t have a Roth, you need to open one regardless to start the “5 year clock” that affects taxability of earnings and conversions. Minimum contribution is fine, just get it open. [edit] At age 59.5 and Roth open for 5 years, all distributions are qualified. Before that there are limitations...
by PaunchyPirate
Sun Jan 20, 2019 8:19 pm
Forum: Personal Investments
Topic: Retired - One paycheck in 2019 - Roth IRA?
Replies: 16
Views: 1138

Re: Retired - One paycheck in 2019 - Roth IRA?

If you are that close to the subsidy cliff wouldn't you want to hold off till you know for sure what your interest and dividend income is. That way if you go over the cliff you can put the money in a traditional IRA (or an HSA if eligible plan) to reduce your MAGI. Good point, metalworking. I think...
by PaunchyPirate
Sun Jan 20, 2019 5:51 pm
Forum: Personal Investments
Topic: Retired - One paycheck in 2019 - Roth IRA?
Replies: 16
Views: 1138

Re: Retired - One paycheck in 2019 - Roth IRA?

I did what you are contemplating, except that I already had an open Roth. It was here on Bogleheads that I realized that the bonus check I received in the calendar year after I retired would count as W2 wages and would qualify me for a Roth contribution. An ah-ha moment months after the check arriv...
by PaunchyPirate
Sun Jan 20, 2019 5:49 pm
Forum: Personal Investments
Topic: Retired - One paycheck in 2019 - Roth IRA?
Replies: 16
Views: 1138

Re: Retired - One paycheck in 2019 - Roth IRA?

Sorry I screwed up. But I was thinking that with such low income, you would not be paying taxes on a Roth nor a Roth conversion and that led me astray. Thanks for the clarification, livesoft. (Un)fortunately, I have interest/dividend income that will put me very close the ACA cliff already when the...
by PaunchyPirate
Sun Jan 20, 2019 5:00 pm
Forum: Personal Investments
Topic: Retired - One paycheck in 2019 - Roth IRA?
Replies: 16
Views: 1138

Re: Retired - One paycheck in 2019 - Roth IRA?

I think for you tax-wise a Roth contribution and a Roth conversion are pretty much the same thing, right? I'm not sure I follow what you mean. In my current situation, putting the $4612 into a Roth can be done without giving me additional taxable income (it already is taxable income). A Roth Conver...
by PaunchyPirate
Sun Jan 20, 2019 4:50 pm
Forum: Personal Investments
Topic: Retired - One paycheck in 2019 - Roth IRA?
Replies: 16
Views: 1138

Retired - One paycheck in 2019 - Roth IRA?

I retired in Mid-December 2018 at the age of 56. I received a final bonus pay check on January 15th and I expect this will the only W2 income for 2019. The bonus amount was $4612 before taxes and $3471 after taxes. None of the bonus was used to contribute to my 401k, as my company stops that upon te...
by PaunchyPirate
Sun Jan 13, 2019 8:38 am
Forum: Personal Finance (Not Investing)
Topic: What's your experience upgrading to Quicken 2018 or 2019?
Replies: 41
Views: 2525

Re: What's your experience upgrading to Quicken 2018 or 2019?

Also a long-time Quicken User here (late '80s or early '90s). I purchased a subscription a year or so ago when they offered 2 years for the price of one (or so). I do think the product seems more stable now than ever before. In the years past, as they issued updates, on more than one occasion the up...
by PaunchyPirate
Thu Dec 20, 2018 9:25 am
Forum: Personal Finance (Not Investing)
Topic: ACA [when can I enroll after leaving employer]
Replies: 14
Views: 862

Re: ACA

ACA rules may change before January 2020, of course, but... Loss of employment - no matter why it happens - is one of the methods to qualify for an ACA Special Enrollment Period (SEP). I believe you have 60 days to go thru the ACA enrollment process after employment ends. Actually, the wording on th...
by PaunchyPirate
Sun Dec 16, 2018 6:19 pm
Forum: US Chapters
Topic: Roll Call for the Retirement Class of 2018!
Replies: 378
Views: 65289

Re: Roll Call for the Retirement Class of 2018!

Friday, December 14, 2018 was my last day at MegaCorp. No regrets and no looking back. Onward to the next phase of my life.

:sharebeer

PaunchyPirate
by PaunchyPirate
Sat Dec 08, 2018 2:45 pm
Forum: Personal Finance (Not Investing)
Topic: ACA, COBRA, and Medicare
Replies: 9
Views: 878

Re: ACA, COBRA, and Medicare

You can get the price of policies and their coverage details on the healthcare.gov website without creating any sort of account or filling out an application. You just need to enter ages, location, gender (I think) and whether you are smokers or not. The values presented to me for the various polici...
by PaunchyPirate
Tue Dec 04, 2018 5:39 pm
Forum: Personal Finance (Not Investing)
Topic: Anybody Taking Equifax Offer for Free IDNotify Service?
Replies: 13
Views: 5770

Re: Anybody Taking Equifax Offer for Free IDNotify Service?

I signed up for the Free IDNotify from Experian after getting the offer from Equifax. It was a smooth process to get it working. The 2 companies have clearly set up integration between the 2 in advance. The interface in IDNotify is new and easy to use. I actually have another "free" Experian monitor...
by PaunchyPirate
Sun Oct 14, 2018 8:43 am
Forum: Personal Consumer Issues
Topic: No bill to me - but found strange things on my health plan records
Replies: 32
Views: 3008

Re: No bill to me - but found strange things on my health plan records

I had the second half of the shingles vaccination at an appointment at the end of August. My insurance was charged $30.05 for "Immunization" and $200 for "Preventive Med". These were reduced to $19.97 and $168 by insurance plan agreements. My cost was $0. These charges were the exact same 4 months p...
by PaunchyPirate
Thu Oct 11, 2018 9:01 am
Forum: Personal Finance (Not Investing)
Topic: Early Retirement - Timing and The ACA financials
Replies: 8
Views: 1195

Re: Early Retirement - Timing and The ACA financials

OP here. Thank you to everyone who has responded. It's been helpful. I plan on reviewing the ACA plans when Open Enrollment begins and I will call the help line if I have any questions. I am not announcing my retirement to my employer until I am comfortable that I will have health insurance at a pri...
by PaunchyPirate
Wed Oct 10, 2018 2:39 pm
Forum: Personal Finance (Not Investing)
Topic: Early Retirement - Timing and The ACA financials
Replies: 8
Views: 1195

Re: Early Retirement - Timing and The ACA financials

Thanks yohac. I hope you are correct. As for the HDHP, it doesn't appear that any were offered in my county for 2018. I am keeping my eyes open for one when the 2019 plans are released. I'm in a location where there are only 2 insurance providers. So plan options are limited.
by PaunchyPirate
Wed Oct 10, 2018 2:04 pm
Forum: Personal Finance (Not Investing)
Topic: Early Retirement - Timing and The ACA financials
Replies: 8
Views: 1195

Early Retirement - Timing and The ACA financials

So after a couple years of waffling, I have decided to pull the early retirement trigger. I am age 56 and 1/2. Now I'm trying to decide on the exact timing. I am thinking that I will make my retirement date effective at the end of work on Friday, December 14, 2018. This is the end of a pay period at...
by PaunchyPirate
Sun Apr 15, 2018 7:23 pm
Forum: Personal Consumer Issues
Topic: Cruises: How to Value Onboard Credit
Replies: 29
Views: 2658

Re: Cruises: How to Value Onboard Credit

The answer is entirely dependent on how much you will spend while on board. OBC is worthless unless you have something that you will actually spend it on -- ship stores, drinks, specialty dining restaurants, daily gratuities, additional optional tipping, shore excursions, BINGO, etc.
by PaunchyPirate
Sun Apr 01, 2018 9:28 pm
Forum: Personal Investments
Topic: Ameriprise advisor question
Replies: 12
Views: 1356

Re: Ameriprise advisor question

It may not be the exact same situation, but I discontinued the relationship with my Ameriprise advisor about 9 or 10 years ago, I guess. I moved what I could out of the Ameriprise accounts, but in both an IRA and in a brokerage account I held a non-tradable investment that TD Ameritrade would not ac...
by PaunchyPirate
Sun Feb 18, 2018 4:11 pm
Forum: Personal Consumer Issues
Topic: Seeing Yellowstone National Park
Replies: 24
Views: 2733

Re: Seeing Yellowstone National Park

We spent 7 nights in the area during the week of June 20th or so. My cousin, who lives in Jackson, WY, advised us to not come earlier than that due to unpredictable weather. We timed it perfectly, the weather was great and the full force of summer vacationers were not yet in motion. We flew into Jac...
by PaunchyPirate
Tue Feb 06, 2018 7:05 pm
Forum: Personal Investments
Topic: How to ditch Ameriprise
Replies: 15
Views: 1939

Re: How to ditch Ameriprise

As a former Ameriprise client, I urge you to do what you are thinking about. I started the process a few years ago and have never regretted it. Several notes come to mind. 1. You will actually have 2 Accounts at Vanguard when done. One for the taxable holdings and one for the Roth IRA. Of course, bo...
by PaunchyPirate
Tue Jan 30, 2018 8:59 am
Forum: Personal Finance (Not Investing)
Topic: Account Permissions Page on Vanguard website: CONFUSING
Replies: 5
Views: 790

Re: Account Permissions Page on Vanguard website: CONFUSING

My version of the page is not all that confusing. However, it simply shows that for my own 2 accounts (taxable and IRA) I am the only person with access and I have "Transact Authority" on them. I don't see the other authorities listed that the OP mentions.
by PaunchyPirate
Sat Dec 23, 2017 8:03 pm
Forum: Personal Investments
Topic: Fidelity Trust for a Vanguard Fund
Replies: 2
Views: 448

Re: Fidelity Trust for a Vanguard Fund

Thank you Steelersfan. That's very interesting and makes sense. I appreciate the info. Yes, I was also perplexed how Quicken is getting its daily updates, but it has proven correct every day. I'm assuming Fidelity has some arrangement with Quicken to use some internal tracking identifier. Oh... and ...
by PaunchyPirate
Sat Dec 23, 2017 6:41 pm
Forum: Personal Investments
Topic: Fidelity Trust for a Vanguard Fund
Replies: 2
Views: 448

Fidelity Trust for a Vanguard Fund

Fidelity is my MegaCorp 401k provider. Last month, they converted our Vanguard Total Bond Market Index Fund Institutional Plus (VBMPX) shares to a Trust arrangement. They name the newly created investment as Vanguard Institutional Total Bond Market Index Trust. It does not have a visible ticker symb...
by PaunchyPirate
Wed Nov 22, 2017 3:41 pm
Forum: Personal Finance (Not Investing)
Topic: Job interviewing - "do you have any other interviews or leads?"
Replies: 35
Views: 5184

Re: Job interviewing - "do you have any other interviews or leads?"

agree with the previous... this is the time to tell them you are very interested but also have other interviews scheduled during this time frame I agree with this approach as well. After all, that's essentially what they are telling you. So why not respond with something similar to what they said t...