Search found 1183 matches

by OAG
Sun Nov 15, 2020 4:11 pm
Forum: Personal Consumer Issues
Topic: New MacBook Pro with M1 processor
Replies: 128
Views: 9537

Re: New MacBook Pro with M1 processor

Do not mean to hijack the thread but..... I want a MacBook Pro but I need to trade in a 2020 MacBook Air (purchased in Mar 20) and Apple does not list that model as being one to trade in. Spoke to Apple (sure it was a contractor) and their response was "give it time and Apple will put it up on ...
by OAG
Sun Nov 08, 2020 3:29 pm
Forum: Personal Finance (Not Investing)
Topic: Tax software/online
Replies: 23
Views: 2175

Re: Tax software/online

Yes, 4 years experience with FreeTaxUSA and Free Ohio Tax On line. FreeTaxUSA is Free for Federal Returns and, you may find your state has a free online state return.
by OAG
Fri Sep 25, 2020 11:41 am
Forum: Personal Finance (Not Investing)
Topic: Military FIRE; 7 years to go & losing motivation--HELP!
Replies: 49
Views: 7216

Re: Military FIRE; 7 years to go & losing motivation--HELP!

Interesting thread. Amazing how "times change" but reality "stays" about "the same". I do not have much to add except that monthly retirement, depending how long you live, can add a million or more dollars to your "nest egg". It did to mine (not even counting ...
by OAG
Tue Sep 08, 2020 10:38 am
Forum: Personal Finance (Not Investing)
Topic: What is PenFed good at?
Replies: 77
Views: 5686

Re: What is PenFed good at?

They are now emphasizing premium savings account @ 0.8%. Not bad for as long as it lasts. Not too long ago that was 2% when coupled with a specific checking account which paid .5% - both down considerably now. Been a member of PenFed over 40 years not as good as they used to be. Navy FCU seems bett...
by OAG
Thu Aug 20, 2020 6:29 pm
Forum: Personal Finance (Not Investing)
Topic: Best CD rates thread
Replies: 854
Views: 111612

Re: Best CD rates thread

Yes when you have "won the game" and are "older" it makes absolutely (IMO) to "chase rates". She could get 1.20% at NFCU for instance but why do what is required to do that? If you are "risk adverse" and do not need to just stay still and keep it at the best r...
by OAG
Mon Aug 10, 2020 12:23 pm
Forum: Personal Finance (Not Investing)
Topic: For those that have taken a break from work... [Military to civilian career change]
Replies: 17
Views: 1455

Re: For those that have taken a break from work... [Military to civilian career change]

You have financials and medical fully under control. I can only give you a couple of suggestions: Update and maintain your Rolodex (I know you probably have something else that does the same thing) and stay in touch no matter how long you will take off to work with the kids (you imply about 18 month...
by OAG
Sun Aug 09, 2020 11:02 am
Forum: Personal Finance (Not Investing)
Topic: 80 yo Single Male with $1.25MM in CD's (Course of Action/Inaction)
Replies: 13
Views: 1594

Re: 80 yo Single Male with $1.25MM in CD's (Course of Action/Inaction)

Lee_WSP wrote: Sun Aug 09, 2020 9:57 am How old would survivor be?
Not material as survivor(s) are adults not in need of support or income.
by OAG
Sun Aug 09, 2020 9:53 am
Forum: Personal Finance (Not Investing)
Topic: 80 yo Single Male with $1.25MM in CD's (Course of Action/Inaction)
Replies: 13
Views: 1594

80 yo Single Male with $1.25MM in CD's (Course of Action/Inaction)

I will not say this is for a friend because it isn't. I have $600K in CD's maturing in next 8 months or so then the remainder maturing over the next 5 years (remainder is currently earning 3.5% APY). The maturing $600K, if placed into or rolled over to CD's would be at about 1% (assuming interest ra...
by OAG
Mon Aug 03, 2020 11:38 am
Forum: Personal Finance (Not Investing)
Topic: Do itemized deductions reduce Additional Medicare Tax or NIIT?
Replies: 13
Views: 1251

Re: Do itemized deductions reduce Additional Medicare Tax or NIIT?

Additionally, EWP (Early Withdrawal Penalties) paid when CD's are redeemed early, can be used to reduce MAGI. Yes, but EWP are not *itemized* deductions. (Itemized deductions are specifically the ones that can only be claimed if you forgo the standard deduction. Non-itemized deductions, including E...
by OAG
Thu Jul 30, 2020 9:33 am
Forum: Personal Finance (Not Investing)
Topic: Do itemized deductions reduce Additional Medicare Tax or NIIT?
Replies: 13
Views: 1251

Re: Do itemized deductions reduce Additional Medicare Tax or NIIT?

Additionally, EWP (Early Withdrawal Penalties) paid when CD's are redeemed early, can be used to reduce MAGI.
by OAG
Sat Jul 25, 2020 7:56 am
Forum: Personal Finance (Not Investing)
Topic: Why to choose EFT if you can choose free Wire (transfers out of Fidelity)?
Replies: 19
Views: 1588

Re: Why to choose EFT if you can choose free Wire (transfers out of Fidelity)?

An EFT push transaction from Fidelity to an online bank (Ally, Marcus...) would take around 2 business days. If you submit the EFT request early enough in the morning, say before 11:00 or 11:30 Eastern, and if the receiving end is prompt in crediting, the transfer can arrive on the same business da...
by OAG
Thu Jul 16, 2020 8:01 pm
Forum: Personal Consumer Issues
Topic: Starkey Hearing Aids
Replies: 10
Views: 564

Re: Starkey Hearing Aids

I use Resound HA and have been for over 15 years. Coming up on my next replacement set and will go with the latest version of Resound. They work directly with an IPhone and I have a device which allows me to connect to TV Audio where the Audio goes to my HA's and high volume does not bother others. ...
by OAG
Thu Jul 16, 2020 7:45 pm
Forum: Personal Finance (Not Investing)
Topic: Best CD rates thread
Replies: 854
Views: 111612

Re: Best CD rates thread

I think the UP is .5% for 2020 after Jun when factored in with Jan - May. Did not the Fed say recently that they did not see rates going up for about 2 year?. It was in either the minutes or the Press Briefing of a month or two ago (too lazy to look it up).
by OAG
Thu Jul 16, 2020 7:38 pm
Forum: Personal Finance (Not Investing)
Topic: Give new doctor a SSN?
Replies: 86
Views: 7359

Re: Give new doctor a SSN?

I am almost 80. I have a PCP and his office has my SSN and New Medicare Number. I have had medical care at that office and SEVERAL referal Offices for Speciality Care. Also get care from the VA and Tricare. They all got both numbers. That is over the past 40 years - Have never had a problem with bil...
by OAG
Sun Jul 12, 2020 7:56 am
Forum: Personal Finance (Not Investing)
Topic: Social Security extra earnings credit for military service
Replies: 28
Views: 2134

Re: Social Security extra earnings credit for military service

1956-2005 Earning listed in my SS records - 49 years total. Of those 1958 -1979 were military. And most of those $300 per quarter add in years were eliminated by the top 35 years calculations (I assume).
by OAG
Thu Jul 09, 2020 12:35 pm
Forum: Personal Finance (Not Investing)
Topic: tax for self employment
Replies: 26
Views: 1050

Re: tax for self employment

Suggest Schedule C and Schedule C instructions downloaded from IRS Site as starting point.

https://www.irs.gov/forms-pubs/about-sc ... -form-1040
by OAG
Mon Jun 15, 2020 7:19 am
Forum: Personal Finance (Not Investing)
Topic: Market-Linked CD’s – Your opinions?
Replies: 15
Views: 732

Re: Market-Linked CD’s – Your opinions?

Do some research - Google is your friend. Personally a quick check (read a couple of atricles) tells me to stay far away. However, you may disagree.
by OAG
Sat Jun 13, 2020 6:42 am
Forum: Personal Finance (Not Investing)
Topic: Best CD rates thread
Replies: 854
Views: 111612

Re: Best CD rates thread

Action taken today: Turns out Discover CDs were slightly higher than PenFed, so I just opened a 12-month (1.01%) and 18-month (1.05%) CD at Discover in equal amounts to start building a ladder there. There are higher rates elsewhere, but I hold part of cash in Discover HYS, so the money was already...
by OAG
Fri Jun 12, 2020 3:53 pm
Forum: Personal Finance (Not Investing)
Topic: Best CD rates thread
Replies: 854
Views: 111612

Re: Best CD rates thread

I use 3 CU's and all have CD's in a 5 year Ladder. The ROI for the next approx 4.5 years is 3.09%. Plan is to roll all maturing CD's at these CU's to 12 mo CD's for the time being. 1-1.25% current rates. Easy to set rollover's automatically via their web-sites (Penfed, NFCU & WPFCU). If rates go...
by OAG
Sat Jun 06, 2020 6:18 pm
Forum: Personal Finance (Not Investing)
Topic: Taxes? Legal Issues? Grandmother sent large check to Cousin she's estranged from
Replies: 59
Views: 3387

Re: TAXES? LEGAL ISSUES? Grandmother sent large check to Cousin she's estranged from

I do not see the problem. Just cash the check. Cousin does not have to spend it. Just put the cash someplace secure (like a bank or investment account). Just sit on it.
by OAG
Tue May 19, 2020 1:22 pm
Forum: Personal Consumer Issues
Topic: Vault Safe in the attic; welded, anyone ?
Replies: 78
Views: 4267

Re: Vault Safe in the attic; welded, anyone ?

In the attic (the contents may not survive a fire). Heat will be higher and longer in the attic. Bolted in the basement will be harder to get to after a fire but probably not burn. Check the specifications of any "safe" you have in mind (ability to survive a fire (and water damage)).
by OAG
Tue May 19, 2020 1:15 pm
Forum: Personal Finance (Not Investing)
Topic: Opinion on Relocating from IL to FL Central Gulf Coast Condo
Replies: 46
Views: 3586

Re: Opinion on Relocating from IL to FL Central Gulf Coast Condo

Lived in Chicago for about 17 years. Have lived in many states (IN, MD, VA, TX, KY, AL, FL, OH and Alaska). Lived in FL for 20 years, loved it (also liked Alaska for 4 years). Would still be in FL but moved to OH to be near to family. We loved FL but we lived in the Northeast portion (south of Jacks...
by OAG
Tue May 19, 2020 12:30 pm
Forum: Personal Finance (Not Investing)
Topic: Private Mortgage Insurance
Replies: 13
Views: 467

Re: Private Mortgage Insurance

The changes in SS benefits has already been pointed out. However, you may want to look at the impact of Taxes when one files Single versus Married Filing Jointly - it is significant as well as the change in the possible cost of Medicare being surcharged (depending in MAGI).
by OAG
Fri May 15, 2020 2:55 pm
Forum: Personal Finance (Not Investing)
Topic: Leave H&R Block for Turbo Tax or what other software
Replies: 32
Views: 1805

Re: Leave H&R Block for Turbo Tax or what other software

FreeTaxUSA. Free Federal Return, State $14.99.
by OAG
Tue May 12, 2020 2:02 pm
Forum: Personal Finance (Not Investing)
Topic: Deducting Medicare insurance premiums
Replies: 25
Views: 1557

Re: Deducting Medicare insurance premiums

Ace, I see what you are saying about the Ohio worksheet and to finish answering all the questions just not line 4. I will go back and look again for the Ohio Medical worksheet for 2019 but it did not come up or could I find it in the forms on my software. I even searched it by name and it didn't ap...
by OAG
Mon May 11, 2020 7:23 pm
Forum: Personal Finance (Not Investing)
Topic: Deducting Medicare insurance premiums
Replies: 25
Views: 1557

Re: Deducting Medicare insurance premiums

Go here and read the form: https://www.tax.ohio.gov The way I read it (I have done OH tax personal returns for 14 years) I do not see where the Medicare Premiums are deductible except where they and the other medical expenses EXCEED 7.5% of your Federal AGI. Federal AGI is the starting point for doi...
by OAG
Mon May 11, 2020 7:12 pm
Forum: Personal Finance (Not Investing)
Topic: What age do you use for retirement end date?
Replies: 68
Views: 4385

Re: What age do you use for retirement end date?

Now 79.5. I use 100 (makes the math easy 100/20 or 5% withdrawal rate). 5% withdrawal rate is about twice what I currently do. I assume that is the critical question.
by OAG
Sun Apr 26, 2020 10:33 am
Forum: Personal Finance (Not Investing)
Topic: Survivor's benefit letters from Social Security
Replies: 8
Views: 852

Re: Survivor's benefit letters from Social Security

Suggestion: Have her set up her own account at SSA Site. It will give her the numbers, the date of the next payment, where it will go. She can also get a "benefit letter" she can D/L as a PDF. Not to muddy the water: check to see if His final month of benefits were/will be paid. When my wi...
by OAG
Sun Apr 26, 2020 10:23 am
Forum: Personal Finance (Not Investing)
Topic: IRS Get My Payment up and running
Replies: 369
Views: 25643

Re: IRS Get My Payment up and running

Kurmudjon wrote: Sun Apr 26, 2020 8:23 am Am subject to AGI phaseout and got notice of DD deposit April 30.
Ditto here. Entered data on day one on the site. Payment going to checking account on 4/30/2020 they say.
by OAG
Wed Apr 15, 2020 7:47 pm
Forum: Personal Finance (Not Investing)
Topic: Where Will Stimulus Check Go?
Replies: 37
Views: 2833

Re: Where Will Stimulus Check Go?

What if there was no refund but instead had to pay? whatever account was put in for the direct debit. If paid by check, have to go into IRS site and provide bank details (unless a SS recipient). I'm the OP. The first reply was that the stimcheck would go to where the latest refund went, even if the...
by OAG
Fri Mar 20, 2020 7:51 pm
Forum: Personal Finance (Not Investing)
Topic: NFCU Waiving EWP
Replies: 10
Views: 925

Re: NFCU Waiving EWP

Wright Patterson Credit Union also announced waving EWP and a lot of other fees.
by OAG
Fri Mar 20, 2020 8:33 am
Forum: Personal Finance (Not Investing)
Topic: NFCU Waiving EWP
Replies: 10
Views: 925

NFCU Waiving EWP

Navy Federal Credit Union is waving early withdrawal penalties on Certificates of Deposit. Thoughtful gesture (IMO). Hope others will follow.
by OAG
Wed Mar 04, 2020 1:43 pm
Forum: Personal Finance (Not Investing)
Topic: 30 year mortgage under 3%
Replies: 301
Views: 47427

Re: 30 year mortgage under 3%

NFCU has 10/15/30 Mortgages below 3% today.
by OAG
Tue Feb 25, 2020 2:27 pm
Forum: Personal Finance (Not Investing)
Topic: Excel Losing Support Question
Replies: 7
Views: 1143

Re: Excel Losing Support Question

runner3081 wrote: Mon Feb 24, 2020 4:47 pm LibreOffice!?
+1
by OAG
Sun Feb 23, 2020 8:01 pm
Forum: Personal Finance (Not Investing)
Topic: Large attic - to finish or not finish?
Replies: 33
Views: 2312

Re: Large attic - to finish or not finish?

I purchased a new house in December that has very large unfinished second-floor attic. The first thing to do would be to call the builder and ask if the space was designed to be finished. If it was not designed with the right support and whatnot it might not be easy to bring it up to the building c...
by OAG
Wed Feb 19, 2020 2:53 pm
Forum: Personal Consumer Issues
Topic: Mail Order Pharmacy
Replies: 16
Views: 889

Re: Mail Order Pharmacy

Strange I have been using ES for over 15 years now. I get only 3 routine recurring prescriptions from two physicians and I get only generics. Under my medical plan the plan sets the price to me - for many years it was $0 per 90 day; the last year (2019) it was $7 per 90 day and this year 2020 it is ...
by OAG
Sun Feb 16, 2020 4:15 pm
Forum: Personal Consumer Issues
Topic: Microsoft Office free online version
Replies: 14
Views: 1774

Re: Microsoft Office free online version

lws wrote: Sun Feb 16, 2020 2:04 pm Try LibreOffice if you want to save money.
+1 and use MS Money Deluxe Sunset edition (Free) in lieu of Quicken and FREETAXUSA in lieu of TT. All in all if you work at it you will save a lot of $$.
by OAG
Sat Feb 15, 2020 2:41 pm
Forum: Personal Consumer Issues
Topic: Accidentally deleted Realtek driver (and something else?) for sound on laptop
Replies: 15
Views: 952

Re: Accidentally deleted Realtek driver (and something else?) for sound on laptop

Any chance you did not EMPTY YOUR RECYCLE BIN yet? If not you can RESTORE the files.
by OAG
Sat Feb 01, 2020 5:46 pm
Forum: Personal Finance (Not Investing)
Topic: New RMD rules for 2020
Replies: 8
Views: 1271

Re: New RMD rules for 2020

Trying to understand why a T-IRA custodian would notify anyone over the age of 72 (personally 79) of the law changes. I am aware the mandatory percentage of calculations was lowered for (most) everyone. However, in my notification they did not even mention the changes in the percentage. Correct me ...
by OAG
Sat Feb 01, 2020 5:12 pm
Forum: Personal Finance (Not Investing)
Topic: Gift tax form 709
Replies: 3
Views: 291

Re: Gift tax form 709

Question 1 709 completed only the the DONOR

Question 2 BTSOOM I will defer to the experts.
by OAG
Sat Feb 01, 2020 5:10 pm
Forum: Personal Finance (Not Investing)
Topic: New RMD rules for 2020
Replies: 8
Views: 1271

Re: New RMD rules for 2020

Trying to understand why a T-IRA custodian would notify anyone over the age of 72 (personally 79) of the law changes. I am aware the mandatory percentage of calculations was lowered for (most) everyone. However, in my notification they did not even mention the changes in the percentage. Correct me i...
by OAG
Thu Jan 30, 2020 7:28 pm
Forum: Personal Consumer Issues
Topic: Early retirement - Long term "successes"
Replies: 75
Views: 7378

Re: Early retirement - Long term "successes"

Retired 38 years 8 months of age
Current Age 79 years 3 Months
Raised 4 kids
Have 9 Grand Children and 3 Great Grand Children
One spouse for 49 years
Now Widower
Key to success: Luck (No not lotteries, etc.,)
by OAG
Tue Jan 28, 2020 8:49 pm
Forum: Personal Consumer Issues
Topic: Is it worth it to jump on the TurboTax bandwagon?
Replies: 36
Views: 2682

Re: Is it worth it to jump on the TurboTax bandwagon?

Try Free Tax USA. Worked very well. Federal is free and you only pay for states. +1 I have used FreeTAXUSA for 4 years now. Return filed and final return can be printed as a PDF file so no hard copy necessary. Has worked well for me. In my case (OH) the state site has a free return for that too. I ...
by OAG
Fri Jan 24, 2020 5:23 pm
Forum: Personal Consumer Issues
Topic: 400lbs, delivery or pick up?
Replies: 71
Views: 8825

Re: 400lbs, delivery or pick up?

Just checked at Chewy.com 40 lb packages of Cat Litter at $14.50 each plus taxes. So 10 40 lb packages $145 plus tax with FREE delivery. Much easier to handle 10 packages than 1 400 lb one. Where I live I get 2 day delivery via FEDEX. No I do not order 400 lbs of cat litter just a 50 lb bag of dog f...
by OAG
Fri Jan 24, 2020 12:09 pm
Forum: Personal Consumer Issues
Topic: Subaru Outback engine stop/start
Replies: 119
Views: 10789

Re: Subaru Outback engine stop/start

I have that "feature" on my VW Tiguan. On this vehicle the engine shuts off when you stop (using your brakes) and it will restart when you move you foot off of the brakes. It, of course can be turned off, and reengages when you restart the vehicle. I initially disliked it and turned off al...
by OAG
Fri Jan 24, 2020 9:07 am
Forum: Personal Finance (Not Investing)
Topic: HRBlock software seems buggy
Replies: 15
Views: 1789

Re: HHBlock software seems buggy

FreeTaxUSA is fine. I used it to complete my Federal Return 2 days ago. It was accepted by IRS on same day (contrary to my thinking it could not be accepted until 1/27/20). Many software companies and tax professionals will accept tax returns before opening day, January 27, 2020. That doesn’t mean ...
by OAG
Thu Jan 23, 2020 1:49 pm
Forum: Personal Finance (Not Investing)
Topic: HRBlock software seems buggy
Replies: 15
Views: 1789

Re: HHBlock software seems buggy

FreeTaxUSA is fine. I used it to complete my Federal Return 2 days ago. It was accepted by IRS on same day (contrary to my thinking it could not be accepted until 1/27/20).
by OAG
Tue Jan 14, 2020 5:22 pm
Forum: Personal Finance (Not Investing)
Topic: I Bought Myself Quicken - Now What?
Replies: 40
Views: 3681

Re: I Bought Myself Quicken - Now What?

Used Quicken Deluxe for years but find that a Spreadsheet in LibreOffice (Free) and/or Microsoft Money Deluxe (Free) work well.
by OAG
Sun Jan 12, 2020 7:44 pm
Forum: Personal Finance (Not Investing)
Topic: RMD Distribution: All in one go or spread out over year?
Replies: 12
Views: 1713

Re: RMD Distribution: All in one go or spread out over year?

I leave my RMD to year end and have my entire estimated tax withheld at that time. +1 on that. RMD is set on 12/31 of prior year. Very easy to just let it grow and the RMD to come out 100% in December of current year. Even better if the amount equals or exceeds annual estimated Federal (in some cas...