Search found 41 matches

by engineerartist
Sat Nov 23, 2019 2:39 pm
Forum: Personal Finance (Not Investing)
Topic: Testamentary Trust as Beneficiary of IRA
Replies: 3
Views: 366

Testamentary Trust as Beneficiary of IRA

Having reviewed all the previous entries on this topic, I have not found any that address the specific terminology used to identify a Testamentary Trust as the Beneficiary. While replacing DW as sole beneficiary will preclude creating a spousal rollover, it will also reduce the potential future misd...
by engineerartist
Thu Oct 31, 2019 1:07 pm
Forum: Personal Finance (Not Investing)
Topic: Humana Part D - ILLINOIS - premiums up up up
Replies: 94
Views: 8385

Re: Humana Part D - ILLINOIS - premiums up up up

I just got my mail and skimmed through Humana's notice - seems like they are more than doubling their monthly premium. I'm going to make an appointment with SHIP to see comps on other plans. Am I misreading this? That's a huge increase if that's the case. Me too! Humana explains: "On January 1, 202...
by engineerartist
Wed Sep 25, 2019 11:03 am
Forum: Investing - Theory, News & General
Topic: New feature added to the Schwab website
Replies: 4
Views: 1458

Re: New feature added to the Schwab website

For those interested, pretty cool feature showed up when I logged into the Schwab website yesterday. Instead of only seeing portfolio performance for a selected period, you can also chose to see investment income, actual and projected. Thanks for the tip - I don't see this, however. Can you tell me...
by engineerartist
Fri Sep 20, 2019 12:32 pm
Forum: Investing - Theory, News & General
Topic: Why does dividend investing not work?
Replies: 174
Views: 23611

Re: Why does dividend investing not work?

I am a dividend growth investor myself. I will say that I do not in any way believe that dividends are "free money." I am well aware of the fact that I could buy an index fund, sell off shares as I need them and possibly achieve the same goals (tax issues notwithstanding). However, the reason I cho...
by engineerartist
Sun Aug 11, 2019 12:07 pm
Forum: Personal Investments
Topic: Taxes and Roth IRA Conversion
Replies: 15
Views: 1560

Re: Taxes and Roth IRA Conversion

Technically, the taxes are due for the quarter in which the tax liability (income, conversion) occurs. But as long as enough taxes are paid by the end of the year to cover the entire tax bill (ie, you will get a refund), I have never heard of anyone getting an under-payment penalty. It is only when...
by engineerartist
Sat Aug 10, 2019 11:09 am
Forum: Personal Investments
Topic: Taxes and Roth IRA Conversion
Replies: 15
Views: 1560

Re: Taxes and Roth IRA Conversion

Now I am also confused. I am having taxes withheld from my monthly RMD - based on my projected tax liability for 2019 - to avoid having to make estimated tax payments. I am planning to make a sizable Roth IRA conversion in December following my December RMD. My reading about Roth conversions led me ...
by engineerartist
Tue Jun 04, 2019 11:50 am
Forum: Personal Finance (Not Investing)
Topic: Should All Grandkids Be Treated as Equal Members of Same Class?
Replies: 104
Views: 8808

Re: Should All Grandkids Be Treated as Equal Members of Same Class?

None of the scenarios previously explored cover our situation. DW and I (both in our 70s) each have 2 sons by a previous marriage. Our intent is to ensure they are treated equally and our estate remain within our family. Two of our sons each have 2 children. Our other two sons each have step-childre...
by engineerartist
Tue May 14, 2019 10:49 am
Forum: Personal Investments
Topic: Does your retirement plan work if stocks are flat or in decline for decades?
Replies: 180
Views: 11627

Re: Does your retirement plan work if stocks are flat or in decline for decades?

Since I/we draw income from our respective portfolios via dividends, the actual share price is of no concern to us. Our distributions more than exceed our RMD's, which are used to pay FIT on the RMD, pay FIT on all our other income (SS, SPIA, Pensions, etc.) with the remainder of the RMD being sent...
by engineerartist
Tue May 07, 2019 11:59 am
Forum: Personal Finance (Not Investing)
Topic: Schwab Pledged Asset Credit Line
Replies: 6
Views: 1335

Re: Schwab Pledged Asset Credit Line

I am considering doing some short term real estate investments (both fix and flip and potentially wholesaling deals if the opportunity comes up) and will need access to credit. Their are various ways to borrow money, but the Schwab Pledged Asset Line (low rates, no fees, secured by assets held at S...
by engineerartist
Wed May 01, 2019 12:01 pm
Forum: Personal Finance (Not Investing)
Topic: QCD(qualified charitable distribution) and Schwab
Replies: 5
Views: 527

Re: QCD(qualified charitable distribution) and Schwab

I will be assisting my mother in making a QCD from her Schwab Traditional IRA. She is 87 years old. Before I get into it with Schwab, was wondering if anyone had experience with Schwab on this and could share the key steps to make it happen. Thanks in advance! I have done this - download the "IRA R...
by engineerartist
Fri Mar 01, 2019 12:41 pm
Forum: Personal Investments
Topic: Regarding REITs
Replies: 6
Views: 1096

Re: Regarding REITs

Yes - I own OHI and WPC as well as O (Realty Income Corp) REITs.
Thanks to the 2017 TCJA, REIT dividends also produce a QBI 20% deduction from taxable income.
by engineerartist
Fri Feb 08, 2019 3:12 pm
Forum: Personal Finance (Not Investing)
Topic: Marital trust created by will
Replies: 12
Views: 1479

Re: Marital trust created by will

We moved from California (community property state), where we had created a revocable trust to include our joint assets to Georgia (common law state) in 2016 where our attorney here recommended exactly the same scenario as the OP. Perhaps the only difference is that I understand the testamentary tru...
by engineerartist
Sun Dec 23, 2018 1:44 pm
Forum: Investing - Theory, News & General
Topic: Equities % v. Total Assets at Risk
Replies: 29
Views: 2984

Re: Are you a true believer?

Soon2BXProgrammer wrote:
Sun Dec 23, 2018 11:40 am
*Lifetime Earnings Adjusted for Inflation - Earned income (non investment) throughout our life adjusted to today's dollars and summed.
Soon2BX - As an already XProgrammer, can you share how you calculated the "today's dollar" adjustments? I have my earnings history - 1966 through 2014.

Thanks
by engineerartist
Fri Sep 14, 2018 12:10 pm
Forum: Personal Investments
Topic: What can you homegrown financial management spreadsheet do?
Replies: 21
Views: 1680

Re: What can you homegrown financial management spreadsheet do?

I know many BHs use external software or online services to update and analyze their finances, but many others like me rely on homegrown spreadsheets. This thread is directed at them. It would be interesting to know what facility you've built. I have two "sheets" with several tabs on each sheet. Th...
by engineerartist
Sat Jul 07, 2018 12:58 pm
Forum: Personal Finance (Not Investing)
Topic: What I spent in 6 months on medicare
Replies: 196
Views: 22655

Re: What I spent in 6 months on medicare

I retired August 1, 2014 and my wife and I started Medicare with a Medigap policy at that time. I don't have a 6-month breakdown, but do have annual totals. 2014 (5 months): provider charges - 21,095 Medicare payments - 896 Medicare premiums - 747 Medigap payments - 450 Medigap premiums - 2,102 2015...
by engineerartist
Fri Jun 08, 2018 11:46 am
Forum: Personal Investments
Topic: Dividend Buffer
Replies: 24
Views: 2656

Re: Dividend Buffer

I am in fact "living off dividends" in retirement, but I had not considered a margin of safety as part of my strategy. Thus the calculation of my margin of safety is the percentage with which my income exceeds my expenses (currently ~70%) rather than based on the market value of my portfolios. The b...
by engineerartist
Tue May 08, 2018 11:56 am
Forum: Personal Consumer Issues
Topic: Switching Apple Mac Mini to Solid State Drive?
Replies: 15
Views: 1395

Re: Switching Apple Mac Mini to Solid State Drive?

Despite comments regarding the age (and speed) of your Mac mini, replacing the internal HD with a SSD drive will eliminate the noise of which you complain and could inexpensively increase the capacity. MacSales has a 250GB SSD SATA replacement drive for less than $100 https://eshop.macsales.com/upgr...
by engineerartist
Tue Apr 03, 2018 11:23 am
Forum: Personal Finance (Not Investing)
Topic: How did you file your income taxes?
Replies: 77
Views: 7017

Re: How did you file your income taxes?

TurboTax - starting in 1988 - efiled Federal and State.
by engineerartist
Thu Mar 29, 2018 1:31 pm
Forum: Personal Investments
Topic: Total return vs dividends
Replies: 54
Views: 9064

Re: Total return vs dividends

Around 2014 I built a portfolio of individual stocks paying dividends at the time of over 3%. The core of the portfolio is MSFT, LMT, INTC, JNJ, MCD, MO, AMGN, LLY, UPS, VZ. My “dividend” portfolio pays me a lot more cash now than when I bought it and the market value of the portfolio is up dramati...
by engineerartist
Mon Mar 19, 2018 12:11 pm
Forum: Personal Finance (Not Investing)
Topic: Second Marriage & Beneficiaries Conundrum
Replies: 50
Views: 5728

Re: Second Marriage & Beneficiaries Conundrum

Both of us are 36 years into our second marriage with adult children (and grandchildren) from our first marriages. While living in a community property state our attorney created A/B Trusts for us which we funded with our property and investment accounts. After we moved to a non-community property s...
by engineerartist
Sat Feb 24, 2018 3:22 pm
Forum: Investing - Theory, News & General
Topic: What books changed your outlook on how you should invest?
Replies: 54
Views: 5644

Re: What books changed your outlook on how you should invest?

The Little Book of Common Sense Investing - John Boggle
The Indomitable Investor - Steven M. Sears
The Single Best Investment - Lowell Miller
The Dividend Growth Investment Strategy - Roxann Klugman
Retire like a Dairy Farmer - Evan Hoobchaak
Enough - John Boggle
by engineerartist
Thu Feb 08, 2018 1:47 pm
Forum: Personal Finance (Not Investing)
Topic: Loss Assessment Deductible on Umbrella policy?
Replies: 2
Views: 1111

Loss Assessment Deductible on Umbrella policy?

Our residence is one unit in a small (13-units) 4-story condominium. It was purpose-built as a condo in 2007, not a conversion. Although we do have Homeowners and Auto policies, I recently realized that the loss-assessment coverage for our Homeowners policy was only $1,000, which seems to be typical...
by engineerartist
Sat Sep 23, 2017 6:21 pm
Forum: Personal Consumer Issues
Topic: cataract surgery: accommodating vs multifocal lens implants
Replies: 15
Views: 1565

Re: cataract surgery: accommodating vs multifocal lens implants

I had cataract surgery on both eyes about 1 1/2 years ago. I did not want to pay for the expensive toric lenses, so I had the "regular" lenses put in. I no longer have to wear glasses all the time; just readers. This was a huge plus for me because I used to wear tri-focal lenses. My work was (recen...
by engineerartist
Wed Sep 13, 2017 2:32 pm
Forum: Personal Investments
Topic: Pseudo-bridge financing
Replies: 11
Views: 2117

Re: Pseudo-bridge financing

We moved cross-country last year and I decided to buy in the new location before selling in the old location - primarily to be able to have a "clean" offer, but also so we could move our furniture, clean and paint before placing the old house on the market. I was able to secure a Securities-Backed L...
by engineerartist
Mon Aug 14, 2017 10:42 am
Forum: Personal Consumer Issues
Topic: Long Distance Auto Transport
Replies: 7
Views: 988

Re: Long Distance Auto Transport

Highly recommend http://rusalcartransport.com.

When I moved from San Jose to Atlanta last year they transported both my cars - using their own transporters. The transport drivers were both employees of the company and were very courteous and took good care of my vehicles.
by engineerartist
Wed Jun 14, 2017 11:14 am
Forum: Personal Finance (Not Investing)
Topic: 30 Year Mortgage from Navy Federal Credit Union
Replies: 10
Views: 3372

Re: 30 Year Mortgage from Navy Federal Credit Union

NFCU members for 47 years. We have had 3 mortgages with NFCU (starting in 1998) and always appreciated the prompt and responsive service. I chose them for: simple interest rates; no prepayment penalties; and they service their loans. Being able to access our accounts online from anywhere was an earl...
by engineerartist
Mon May 01, 2017 1:25 pm
Forum: Personal Consumer Issues
Topic: buying dining table is hard
Replies: 55
Views: 5513

Re: buying dining table is hard

+1 for Room & Board
by engineerartist
Tue Apr 11, 2017 2:31 pm
Forum: Personal Finance (Not Investing)
Topic: Mortgage Question (buying a new home before selling current one)
Replies: 21
Views: 2858

Re: Mortgage Question (buying a new home before selling current one)

I did this last year (purchased new home before selling old one). I was moving back to the East coast from the Bay Area and wanted to be able to move out before listing my BA home. This made repainting, re-carpeting and staging much simpler. Rather than a Bridge Loan or HELOC, I took out a SBLOC (se...
by engineerartist
Thu Oct 06, 2016 11:42 am
Forum: Personal Finance (Not Investing)
Topic: Concurrently buy/sell house
Replies: 21
Views: 3077

Re: Concurrently buy/sell house

Using taxable accounts to increase liquidity is a reasonable approach (as might be a short term 401K loan). Just need to be confident you have the discipline to put the money back after the old house sells. Don't think of your money as being "earmarked" for anything. Think of this as giving yoursel...
by engineerartist
Sat Apr 23, 2016 2:59 pm
Forum: Personal Consumer Issues
Topic: AT&T U-verse Internet / Comcast Internet
Replies: 12
Views: 2433

Re: AT&T U-verse Internet / Comcast Internet

When I moved from AT&T U-verse to Comcast Xfinity last year, internet speed was the deciding factor. I visited an Xfinity sales office (I was surprised that such existed) and explained what I wanted, they were very helpful and waived the installation fee. I ordered a router from Amazon to eliminate ...
by engineerartist
Sat Apr 23, 2016 2:43 pm
Forum: Personal Finance (Not Investing)
Topic: Book Recommendation Needed -- Trusts & Estates
Replies: 6
Views: 1088

Re: Book Recommendation Needed -- Trusts & Estates

I have two that I found and like:
  • Your Living Trust and Estate Plan - by Harvey J. Platt
  • Estate Planning: A Plain English Guide to Wills and Trusts - by Clint W. Smith
by engineerartist
Sun Apr 17, 2016 4:30 pm
Forum: Personal Finance (Not Investing)
Topic: How Did You File Your Income Taxes for 2015?
Replies: 101
Views: 10473

Re: How Did You File Your Income Taxes for 2015?

TurboTax software starting in 1988 - efiled since it became available.
Small refund checks from both federal and state already deposited electronically.

Biggest challenge is waiting for the final K-1 information to become available.
by engineerartist
Tue Apr 12, 2016 4:24 pm
Forum: Personal Finance (Not Investing)
Topic: Retirees: what's your Withdrawal Rate for this and last year?
Replies: 79
Views: 9558

Re: Retirees: what's your Withdrawal Rate for this and last year?

Much food for thought here. I consider "withdrawal rate" as associated with typical SWR calculations used in retirement planning describing the sale of assets to cover expenses in the "decumulation" phase. I am 2 years into retirement and this is my first year for both SS and RMD. DW is receiving sp...
by engineerartist
Sat Apr 09, 2016 2:29 pm
Forum: Personal Finance (Not Investing)
Topic: IRMAA - Medicare Premium adj - how get SS to look at current year?
Replies: 27
Views: 3295

Re: IRMAA - Medicare Premium adj - how get SS to look at current year?

I had the same problem when I retired in 2014. Social Security "looked back" at 2012 (I had exercised stock options to avoid losing them). After some research, I found and filed (in person) form SSA-44 "Medicare Income-Related Monthly Adjustment Amount - Life Changing Event" checking the "Work Stopp...
by engineerartist
Tue Feb 02, 2016 6:27 pm
Forum: Personal Finance (Not Investing)
Topic: RMD = please help
Replies: 8
Views: 1295

Re: RMD = please help

Schwab does provide for state tax withholding - and allows fractional percentages (e.g 2.5%), while the federal tax withholding requires a whole number percentage. My rollover IRA is at Schwab and I am using this feature.
by engineerartist
Fri Oct 16, 2015 2:32 pm
Forum: Personal Finance (Not Investing)
Topic: Should I claim SS early to avoid Medicare B increase?
Replies: 7
Views: 1114

Should I claim SS early to avoid Medicare B increase?

Now that the SSA has announced there will be no COLA for 2016, I understand that the cost of Medicare Part B may increase - perhaps significantly - except for those whose premiums are being deducted from their SS Benefit, due to the "hold harmless" provision. I "filed and suspended" SS Benefits last...
by engineerartist
Wed Aug 12, 2015 2:33 pm
Forum: Personal Investments
Topic: Finding stocks with dividends
Replies: 4
Views: 811

Re: Finding stocks with dividends

David Fish maintains a list of long-term dividend payers - which you can download which he updates monthly at http://www.dripinvesting.org/Tools/Tools.asp.
by engineerartist
Thu Jun 25, 2015 1:38 pm
Forum: Investing - Theory, News & General
Topic: What ratio are you stocks/bonds and how old are you?
Replies: 278
Views: 55413

Re: What ratio are you stocks/bonds and how old are you?

I am 69 and 31% Fixed Income, 53% Dividend Growth Stocks and 17% Real Estate (Home Equity). Retired last year and living on dividend income + SS.
by engineerartist
Tue Mar 10, 2015 1:22 pm
Forum: Investing - Theory, News & General
Topic: Schwab Intelligent Portfolios [now live]
Replies: 439
Views: 111033

Re: Schwab Intelligent Portfolios

Just read this article - which could perhaps be dismissed as "sour grapes" - from a WealthFront member: https://medium.com/@adamnash/broken-val ... d550a27629
by engineerartist
Mon Jan 12, 2015 4:06 pm
Forum: US Chapters
Topic: Roll Call for the Retirement Class of 2014!
Replies: 385
Views: 91850

Re: Roll Call for the Retirement Class of 2014!

I retired August 1 after 46 years in the computer industry. I took vacation for the month of July to get a feel for what it would be like not working every day. It took the better part of 4 months to convince Medicare that my 2012 MAGI should not be the basis for an IRMA adjustment to the cost of Me...
by engineerartist
Tue Dec 02, 2014 2:00 pm
Forum: Personal Investments
Topic: IRA Rollover Bonus
Replies: 9
Views: 1374

Re: IRA Rollover Bonus

ralph124cf wrote:Would a 401(k) held at Schwab qualify the the rollover bonus?
Ralph,

Yes, I rolled over my Schwab 401(k) to a Schwab IRA after retiring this year. They also "matched" the eTrade offer of initial free trades.

Jack