Search found 343 matches

by annielouise
Fri Nov 16, 2018 10:20 am
Forum: Personal Consumer Issues
Topic: What convenience fees does your city charge for credit card use?
Replies: 34
Views: 1382

Re: What convenience fees does your city charge for credit card use?

So far my city hasn't started charging for using a credit card. The city provides water, sewer, two garbage pickups/week, and another pickup of yard waste/recyclables. I actually get rewarded 2% to charge my utility bill. Broken Man 1999 This is just like my city. The only time I pay a convenience ...
by annielouise
Thu Nov 15, 2018 7:27 am
Forum: Personal Consumer Issues
Topic: Dumb question about bedding and comforters
Replies: 20
Views: 1641

Re: Dumb question about bedding and comforters

You may want to look at IKEA if you decide on buying a cover. Prices may be more reasonable.
by annielouise
Tue Nov 13, 2018 11:13 am
Forum: Investing - Help with Personal Investments
Topic: 401K Retirement Catch Up Year, Maybe???
Replies: 5
Views: 351

Re: 401K Retirement Catch Up Year, Maybe???

It will also show up as an option on your account websites on 1/1. They know how old you are.
by annielouise
Wed Nov 07, 2018 10:41 am
Forum: Personal Consumer Issues
Topic: How much to donate to local police and fire department?
Replies: 23
Views: 1773

Re: How much to donate to local police and fire department?

I would donate to a volunteer fire department. Probably would donate our minimum amount ($100) unless I had more information about where the money goes.
by annielouise
Tue Nov 06, 2018 1:24 pm
Forum: Personal Finance (Not Investing)
Topic: How much money are you leaving your kids after you die?
Replies: 234
Views: 14563

Re: How much money are you leaving your kids after you die?

Our estate plan leaves everything to our son (only child, will not have grandchildren). It could be anything from $0 to $8M based on projections. Unfortunately, because of his health, there is a greater than usual chance that at least one of us will outlive him. We need to update our trust to make t...
by annielouise
Wed Oct 31, 2018 10:27 am
Forum: Personal Consumer Issues
Topic: Need New Phone?
Replies: 17
Views: 2163

Re: Need New Phone?

I just purchased a Motorola G6 Play. $216 with tax. Pretty sure it will meet my needs for as long as it lasts. My last phone committed suicide before it was 3 years old.
by annielouise
Tue Oct 30, 2018 8:01 pm
Forum: Personal Finance (Not Investing)
Topic: Tax refunds expected to be 26% more in 2019
Replies: 52
Views: 5689

Re: Tax refunds expected to be 26% more in 2019

Hmm, ours will be about 50% less. Ended up donating 5 years worth of donations to our DAF after the new tax law was passed, so our 2017 refund was larger than usual. 2018 would have been even smaller, but my husband is overpaying SS (2 jobs this year) and that will be refunded. Guess I am too lazy t...
by annielouise
Mon Oct 29, 2018 11:06 am
Forum: Personal Finance (Not Investing)
Topic: Should I co-sign for relative?
Replies: 103
Views: 4925

Re: Should I co-sign for relative?

I cosigned on my son's first car loan. He could get the loan himself, but not the 0% financing. He is responsible and trustworthy. We could've afforded to pay the loan ourselves if we had to. If your situation is similar, I would say yes. Although the fact that it is a lease and quite a large one wo...
by annielouise
Mon Oct 29, 2018 9:31 am
Forum: Personal Finance (Not Investing)
Topic: Am I doing well financially?
Replies: 162
Views: 12637

Re: Am I doing well financially?

Is probably close to $112k/yr. Around ~$1k/mo in ongoing healthcare expenses. Around $1500/mo in groceries/eating out. $2600/mo mortgage payment. Avg. $400/mo travel expenses (spreading out travel costs over 12 mos); will probably go down once we have children obviously Avg. $600/mo in misc. BS the...
by annielouise
Mon Oct 29, 2018 7:53 am
Forum: Personal Consumer Issues
Topic: Getting depressed with all this saving. :-(
Replies: 38
Views: 6384

Re: Getting depressed with all this saving. :-(

How about some perspective: In 2019 we will save $55k towards retirement. Our gross income (salary) will be $135k. We feel incredibly fortunate to have an income in the fifth quintile when so many people struggle for basic necessities. We get virtually everything we want (except medical care because...
by annielouise
Sat Oct 27, 2018 9:54 pm
Forum: Personal Finance (Not Investing)
Topic: why split property tax payment with SALT limit; why itemize?
Replies: 19
Views: 2290

Re: why split property tax payment with SALT limit; why itemize?

1) You may want to split the payments so you can keep your money longer and collect the interest. 2) Single people also have the $10k SALT limit, but a much lower standard deduction, so many of them will still itemize. (About 45% of American adults are single.). Another reason to itemize would be po...
by annielouise
Wed Oct 24, 2018 8:58 pm
Forum: Personal Consumer Issues
Topic: "consultation fee": standard for preventative colonoscopy?
Replies: 61
Views: 3414

Re: "consultation fee": standard for preventative colonoscopy?

Our doctor required this. Insurance said in advance that it was not covered. We paid ($40 copay each). When it was billed to the insurance, they covered it 100% as part of the colonoscopy. We had our $80 refunded. I spend way more time making calls about charges, coverage, refunds etc then I spend g...
by annielouise
Wed Oct 24, 2018 7:44 am
Forum: Investing - Theory, News & General
Topic: 401(k) Provider Change - 25 days in cash?!
Replies: 29
Views: 1974

Re: 401(k) Provider Change - 25 days in cash?!

Don't worry about it. I can tell you, from personal experience, that you will forget it even happened until you see someone asking a question on BH about their own 401k changing providers a few years later. :D Just be sure to move to the funds you really want after the dust settles. Maybe set a cale...
by annielouise
Tue Oct 23, 2018 7:23 am
Forum: Investing - Help with Personal Investments
Topic: How do you prepare for and start withdrawal stage....
Replies: 4
Views: 772

Re: How do you prepare for and start withdrawal stage....

How good are your Excel skills? You can set up a spreadsheet that allows you to play with these numbers and determine the best strategy. Mine has one worksheet just for calculating RMDs and a second that calculates income needs and where it draws from (and how long money will last). Of course much i...
by annielouise
Wed Oct 17, 2018 1:53 pm
Forum: Investing - Help with Personal Investments
Topic: Help my dad is nearing retirement
Replies: 9
Views: 1093

Re: Help my dad is nearing retirement

I would review his work history and make sure he doesn't have an old pension out there. Lots of 70 year olds do. Even just $100/ mo could make a difference. I'd also check that SS has his full salary history. My husband's was missing a couple of years and we were able to correct that. This was quite...
by annielouise
Tue Oct 16, 2018 8:59 pm
Forum: Personal Finance (Not Investing)
Topic: Exceeding Income Limit for Roth IRA Mid-Year?
Replies: 10
Views: 808

Re: Exceeding Income Limit for Roth IRA Mid-Year?

We just took advantage of the recent dip to withdraw our excess contributions. Due to a job loss, severance, and new job we are not eligible for Roth IRAs in 2018 - but this is definitely a one-off situation for us. By doing it now, we will get the appropriate tax forms in early 2019. It seems like ...
by annielouise
Mon Oct 15, 2018 2:49 pm
Forum: Personal Finance (Not Investing)
Topic: Kids not interested in money / allowance
Replies: 50
Views: 5061

Re: Kids not interested in money / allowance

I have a niece who, when pressed for gift ideas, will ask for things like fruit, pencils, and socks. The girl has no interest in stuff like toys. I think she will do fine in life. Do you use a budget? Instead of giving my son an allowance, I put him in charge of portions of the budget that he cared ...
by annielouise
Sun Oct 14, 2018 7:57 pm
Forum: Personal Consumer Issues
Topic: Cancun in a few weeks
Replies: 48
Views: 3192

Re: Cancun in a few weeks

Museo Maya de Cancún is right before all of the resorts. It was brand new when we went in 2012 and was an amazing experience. It was a free day for locals and we met lots of nice people who helped us read the descriptions. If you like museums at all, this is a fantastic one. We also walked to the lo...
by annielouise
Fri Oct 12, 2018 2:09 pm
Forum: Personal Finance (Not Investing)
Topic: Calculating Spousal Benefit Amount
Replies: 19
Views: 1469

Re: Calculating Spousal Benefit Amount

This is the reason that SS optimization programs may actually suggest not waiting to age 70 for couples where one spouse is going to be receiving 1/2 of the other's SS, since the 1/2 benefit isn't increasing. In our case, they tend to recommend something in the age 68 range. We are kinda unique tho...
by annielouise
Fri Oct 12, 2018 2:06 pm
Forum: Personal Finance (Not Investing)
Topic: free dinner investing seminar
Replies: 396
Views: 36359

Re: free dinner investing seminar

Any tips on how to get invited to these seminars? I just turned 50 this year. Is it just a matter of time now? We have been getting these from about age 50.5. Zip code probably is a factor because that is when we moved into a higher priced neighborhood. We also were already AARP members. And our tr...
by annielouise
Fri Oct 12, 2018 1:55 pm
Forum: Personal Finance (Not Investing)
Topic: Calculating Spousal Benefit Amount
Replies: 19
Views: 1469

Re: Calculating Spousal Benefit Amount

This is the reason that SS optimization programs may actually suggest not waiting to age 70 for couples where one spouse is going to be receiving 1/2 of the other's SS, since the 1/2 benefit isn't increasing. In our case, they tend to recommend something in the age 68 range. We are kinda unique tho...
by annielouise
Tue Oct 09, 2018 5:20 pm
Forum: Personal Finance (Not Investing)
Topic: Calculating Spousal Benefit Amount
Replies: 19
Views: 1469

Re: Calculating Spousal Benefit Amount

This is the reason that SS optimization programs may actually suggest not waiting to age 70 for couples where one spouse is going to be receiving 1/2 of the other's SS, since the 1/2 benefit isn't increasing. In our case, they tend to recommend something in the age 68 range. We are kinda unique thou...
by annielouise
Tue Oct 09, 2018 7:27 am
Forum: Personal Finance (Not Investing)
Topic: How do you calculate/state your income?
Replies: 13
Views: 1246

Re: How do you calculate/state your income?

Do you mean here on BHs? I usually say "wage income" to indicate that I am referring to gross income from job(s). I also wonder what others are using, which is why I try to be precise. Now, in my budget spreadsheet, I use income we have current access to. So that does not include dividends/gains in ...
by annielouise
Tue Oct 09, 2018 7:20 am
Forum: Investing - Theory, News & General
Topic: "Retirement age uncertainty increases the savings needed for success"
Replies: 48
Views: 4821

Re: "Retirement age uncertainty increases the savings needed for success"

My 2 ¢: I think it is common for BHs (and researchers) to look for logical reasons for why people do things. But most people are monkey see, monkey do. My guess is that most people retire because their friends, family, and coworkers retired at that age. If you ask them afterwards, they try to come ...
by annielouise
Mon Oct 08, 2018 12:07 pm
Forum: Personal Finance (Not Investing)
Topic: LTHC Insurance ??
Replies: 10
Views: 813

Re: LTHC Insurance ??

I look at this differently than many. The biggest risk for needing LTC is when you are younger. When your spouse has to work and can't care for you. When you are missing out on earnings. We have had policies for quite a while. I can see potentially stopping them as we age (or not, depending on cost)...
by annielouise
Mon Oct 08, 2018 11:49 am
Forum: Personal Finance (Not Investing)
Topic: 1099 employee for the first time. Help?
Replies: 10
Views: 510

Re: 1099 employee for the first time. Help?

Don't take coworker's advice on what are allowed business expenses. Review IRS rules yourself. Also, there is likely a new (2018) NOLO book for self employment taxes - try your local library first to see if it is helpful.
by annielouise
Mon Oct 08, 2018 9:14 am
Forum: Investing - Theory, News & General
Topic: "Retirement age uncertainty increases the savings needed for success"
Replies: 48
Views: 4821

Re: "Retirement age uncertainty increases the savings needed for success"

My 2 ¢: I think it is common for BHs (and researchers) to look for logical reasons for why people do things. But most people are monkey see, monkey do. My guess is that most people retire because their friends, family, and coworkers retired at that age. If you ask them afterwards, they try to come u...
by annielouise
Sun Oct 07, 2018 9:33 pm
Forum: Personal Finance (Not Investing)
Topic: Planning with around 500K ( helping a friend)
Replies: 11
Views: 1099

Re: Planning with around 500K ( helping a friend)

Honesty, I think he is being realistic, not pessimistic.
by annielouise
Sun Oct 07, 2018 9:22 pm
Forum: Personal Finance (Not Investing)
Topic: "Experian Flaw Just Revealed PINs Protecting Credit Data"; What to do?
Replies: 42
Views: 4503

Re: "Experian Flaw Just Revealed PINs Protecting Credit Data"; What to do?

If I understand their business model ( and I might not), they get paid when a company requests my credit report/score. Is that the basic idea? In that case, they have no reason to care if it is me or a fraudster opening an account, they get paid for either. So, it actually benefits them if my credit...
by annielouise
Fri Oct 05, 2018 6:03 pm
Forum: Personal Finance (Not Investing)
Topic: More Life Insurance?
Replies: 8
Views: 674

Re: More Life Insurance?

My husband, 53, just got a 15 year $400,000 term life policy for $780 annual premium. I thought that was very reasonable.
by annielouise
Fri Oct 05, 2018 8:37 am
Forum: Personal Finance (Not Investing)
Topic: How is the ACA penalty calculated for 2018?
Replies: 10
Views: 998

Re: How is the ACA penalty calculated for 2018?

I'm confused by this question. This law has been around for awhile. Your friend can not be unaware that he is required to have health insurance or pay a penalty. If he left a job, he had the opportunity to continue insurance via COBRA or to purchase insurance from the ACA website. I'm wondering why ...
by annielouise
Thu Oct 04, 2018 11:58 am
Forum: Personal Finance (Not Investing)
Topic: Builder's Preferred Lender Sham
Replies: 4
Views: 605

Re: Builder's Preferred Lender Sham

Our builder and their preferred lender have the same parent company. I shopped rates from other lenders and couldn't get a package (rate, discount, etc.) that was a better deal.
by annielouise
Thu Oct 04, 2018 7:54 am
Forum: Investing - Help with Personal Investments
Topic: Have You Successfully Moved Global Stock to Schwab? UPDATE
Replies: 12
Views: 1019

Re: Have You Successfully Moved Global Stock to Schwab? UPDATE

So, the final response amounts to NO - we can not move global stock from Computershare (Europe) to Schwab. Schwab will only provide certain info straight to Computershare. Computershare won't communicate with Schwab until we fill out the form that includes this info. Catch-22. Since we have a deadli...
by annielouise
Wed Oct 03, 2018 3:50 pm
Forum: Personal Finance (Not Investing)
Topic: With random sources of income, how do you know what you have to pay taxes on?
Replies: 12
Views: 848

Re: With random sources of income, how do you know what you have to pay taxes on?

2.) Kroger, Walmart, etc. surveys on their receipts that says you can enter a contest to win like $3,000 cash/check or gift cards. They should send you a 1099. You are required to report it even if they don't. Isn't that like a lottery/sweepstakes? Which is form W-2G? Contests send a 1099 if the pr...
by annielouise
Tue Oct 02, 2018 3:54 pm
Forum: Personal Consumer Issues
Topic: My Experience in Buying a Burial Plot: The cost (in NJ)
Replies: 64
Views: 4462

Re: My Experience in Buying a Burial Plot: The cost (in NJ)

I plan on direct cremation. In TX, that currently costs about $700. I find the whole funeral home visiting both creepy and unfair to those who feel obligated to purchase last minute travel. I want to be as low maintenance in death as I try to be in life. :wink: From local firm website -- $695 PRICE ...
by annielouise
Sun Sep 30, 2018 7:45 pm
Forum: Personal Finance (Not Investing)
Topic: Not claiming children as dependents or not? Tax implications
Replies: 11
Views: 1147

Re: Not claiming children as dependents or not? Tax implications

For 2018, the standard deduction amount for an individual who may be claimed as a dependent by another taxpayer cannot exceed the greater of $1,050 or the sum of $350 and the individual’s earned income. Child Tax Credit. The child tax credit has been expanded to $2,000 per qualifying child and is re...
by annielouise
Sun Sep 30, 2018 9:18 am
Forum: Investing - Help with Personal Investments
Topic: Funded Spousal IRA Earlier in Year... I'm Now Going to Work
Replies: 6
Views: 563

Re: Funded Spousal IRA Earlier in Year... I'm Now Going to Work

I've funded my Roth IRA exactly the same way whether I earned income that year or not. The IRA doesn't distinguish the source of the money. "Spousal" shows up in the law, but not the IRA. When filling out taxes, all that matters is that we together earned enough (but not too much) to fund the Roth I...
by annielouise
Fri Sep 28, 2018 2:04 pm
Forum: Investing - Help with Personal Investments
Topic: Are social security (and Medicare) taxes affected by the standard deduction
Replies: 26
Views: 2840

Re: Are social security (and Medicare) taxes affected by the standard deduction

So, to give an oversimplified example, say a single guy earned (an inflation indexed) $895 for his entire career. His yearly wages would amount to $10,740 resulting in a tax bill of $0 (because his yearly wages are below the standard deduction threshold of $12,000) but this individual would still b...
by annielouise
Fri Sep 28, 2018 1:26 pm
Forum: Personal Finance (Not Investing)
Topic: Credit card charge- fraud or mistake?
Replies: 24
Views: 2392

Re: Credit card charge- fraud or mistake?

I had such a mistake. It was a phone order and the person taking down the number transposed two numbers. The expiration date and security code were different than mine. But, here's the thing: transactions go from the merchant, through an intermediary, and then to the credit card company. The credit ...
by annielouise
Thu Sep 27, 2018 9:06 am
Forum: Investing - Help with Personal Investments
Topic: Inherited IRA - fund(s) choice
Replies: 13
Views: 807

Re: Inherited IRA - fund(s) choice

Things look to be in good shape! Congrats! :sharebeer The stretch IRA (inherited IRA/BDA) can be used in several ways in terms of AA and planning. All $55K eventually makes its way into your taxable account over the years as ordinary income where you pay the taxes on it. How you use the money from ...
by annielouise
Wed Sep 26, 2018 9:29 pm
Forum: Investing - Help with Personal Investments
Topic: Inherited IRA - fund(s) choice
Replies: 13
Views: 807

Re: Inherited IRA - fund(s) choice

Retirement: $1.6M ($1M tax deferred) With $600K in taxable account you may have around 2% in dividends or $12,000 a year. If you just set those to not be automatically invested you would could spend $4,000 out of that for your travels. When you retire you may be in lower tax bracket and might be ab...
by annielouise
Wed Sep 26, 2018 5:34 pm
Forum: Investing - Help with Personal Investments
Topic: Inherited IRA - fund(s) choice
Replies: 13
Views: 807

Re: Inherited IRA - fund(s) choice

You didn't provide the age of the deceased. RMD can be a high percentage if inherited from a non-spouse who is as old as I hope to be when I pass. :) Your plan looks good for now. "Your annual distributions are spread over your single life expectancy (determined by your age in the calendar year fol...
by annielouise
Wed Sep 26, 2018 5:27 pm
Forum: Personal Consumer Issues
Topic: cleaning lady stealing
Replies: 49
Views: 7488

Re: cleaning lady stealing

Even though we don't have a cleaning service, we keep opiods in a locked safe. Unfortunately, they can be tempting to anyone, even a friend, so locking them up is a good idea.
by annielouise
Wed Sep 26, 2018 4:41 pm
Forum: Investing - Help with Personal Investments
Topic: Inherited IRA - fund(s) choice
Replies: 13
Views: 807

Inherited IRA - fund(s) choice

My husband has a new inherited/beneficiary IRA @ Vanguard. He will have RMDs starting 2019. Account is $55k. We are on track for retirement and this is an unexpected windfall. Our numbers: 53 & 53 State of residence: TX Tax rate: 22% No debt Should retire 62-65 Wage income: $135k Spending: $45k esse...
by annielouise
Mon Sep 24, 2018 5:31 pm
Forum: Investing - Help with Personal Investments
Topic: Preparing for My First Recession?
Replies: 63
Views: 7361

Re: Preparing for My First Recession?

viewtopic.php?f=2&t=139157

Read through the ones that include the last recession and see how quickly accounts recovered when sticking to BH ways.

For example, here is a snippet of our net worth progression:

2007: $609,000
2008: $687,000
2009: $567,000
2010: $750,000
by annielouise
Mon Sep 24, 2018 5:24 pm
Forum: Personal Finance (Not Investing)
Topic: Mortgage application: Disclosing All Assets?
Replies: 16
Views: 1764

Re: Mortgage application: Disclosing All Assets?

We were asked about accounts we didn't list on our application in 2015. They found them. Tax-deferred accounts from which you were not taking withdrawals? My memory isn't that good. I just remember being surprised that they asked about accounts we had either forgotten / decided not to include. In o...
by annielouise
Mon Sep 24, 2018 1:19 pm
Forum: Personal Finance (Not Investing)
Topic: Mortgage application: Disclosing All Assets?
Replies: 16
Views: 1764

Re: Mortgage application: Disclosing All Assets?

We were asked about accounts we didn't list on our application in 2015. They found them.
by annielouise
Sun Sep 23, 2018 9:58 pm
Forum: Personal Consumer Issues
Topic: Best paint finish for garage?
Replies: 12
Views: 1252

Re: Best paint finish for garage?

I agree with eggshell. I recommend using exterior paint inside the garage. I've always had finished garages, but the builders use interior paint and it doesn't last in the harsher environment of an area that isn't heated or air conditioned. For a space that doesn't get much ventilation, if any, and...
by annielouise
Sat Sep 22, 2018 9:27 pm
Forum: Personal Consumer Issues
Topic: Best paint finish for garage?
Replies: 12
Views: 1252

Re: Best paint finish for garage?

I agree with eggshell.

I recommend using exterior paint inside the garage. I've always had finished garages, but the builders use interior paint and it doesn't last in the harsher environment of an area that isn't heated or air conditioned.
by annielouise
Fri Sep 21, 2018 7:13 pm
Forum: Investing - Help with Personal Investments
Topic: Have You Successfully Moved Global Stock to Schwab? UPDATE
Replies: 12
Views: 1019

Re: Have You Successfully Moved Global Stock to Schwab?

Is there a Schwab office within your driving tolerance that you can visit and take your forms to? Sort of. I am keeping that option on the back burner. I would probably call first, since even the specialists on the phone are getting stumped. Would hate to make arrangements during working hours to v...