Search found 555 matches

by cadreamer2015
Tue Jan 16, 2018 1:46 pm
Forum: Investing - Help with Personal Investments
Topic: Which is the best 529 plan for nj resident?
Replies: 12
Views: 422

Re: Which is the best 529 plan for nj resident?

When we lived in NJ we used the Utah 529 plan for our kids and were reasonably happy with them.
by cadreamer2015
Sat Jan 13, 2018 1:16 pm
Forum: Personal Finance (Not Investing)
Topic: Senior seeking info about obtaining mortgage for condo purchase
Replies: 10
Views: 696

Re: Senior seeking info about obtaining mortgage for condo purchase

We are not taking RMDs or other regular withdrawals from retirement savings. My self employment had been less than 2 years duration, so I was not able to use self employment income to qualify. Thus we used the asset depletion standard for qualifying for our mortgage. By transferring $500k to Merril ...
by cadreamer2015
Fri Jan 12, 2018 11:40 am
Forum: Personal Finance (Not Investing)
Topic: Senior seeking info about obtaining mortgage for condo purchase
Replies: 10
Views: 696

Re: Senior seeking info about obtaining mortgage for condo purchase

We did this when we bought our retirement home 14 months ago. Not every lending institution does asset depletion mortgages so you have to look around more. I found two mortgage brokers who did these mortgages as well as our regular bank - BofA. We ended up going with BofA as they had the best rate a...
by cadreamer2015
Fri Jan 05, 2018 9:48 pm
Forum: Personal Finance (Not Investing)
Topic: Convert to LLC for rental properties?
Replies: 10
Views: 1230

Re: Convert to LLC for rental properties?

From what I have read you do not have to have your rental property in an LLC in order to benefit from the 20% pass through (or pass-thru) deduction.
by cadreamer2015
Fri Jan 05, 2018 7:05 pm
Forum: Personal Finance (Not Investing)
Topic: Downsizing to one car in retirement...
Replies: 68
Views: 3969

Re: Downsizing to one car in retirement...

We have only one vehicle and it is working out well. I had to take the bus once about a year ago. The market is an easy bike ride away. You do have to plan things in advance and enjoy spending time together with your significant other. It is nice to have lower expenses of depreciation, insurance, fu...
by cadreamer2015
Fri Jan 05, 2018 11:20 am
Forum: Investing - Help with Personal Investments
Topic: Net Worth Calculation
Replies: 3
Views: 506

Re: Net Worth Calculation

I would use the current cash value.
by cadreamer2015
Wed Jan 03, 2018 11:26 am
Forum: Personal Finance (Not Investing)
Topic: What to do with parent under Medicare age?
Replies: 18
Views: 835

Re: What to do with parent under Medicare age?

With no earned income I think your MIL will be able to get only Medicaid, not be able to purchase an ACA policy. If your MIL will be living in the US for the foreseeable future, there is a big advantage for her working, even part-time, for 10 years to be able to qualify for Medicare and Social Secur...
by cadreamer2015
Tue Jan 02, 2018 10:28 am
Forum: Investing - Help with Personal Investments
Topic: Need guidance - inherited WF managed 1.2M portfolio
Replies: 12
Views: 1813

Re: Need guidance - inherited WF managed 1.2M portfolio

In order to receive commission free trades, you have to have 1mil in "Vanguard funds". We have a mix of Vanguard and some individual stocks, some very few shares from a former drip account, transferred in kind years ago. None of those counted towards the million. So, the individual stocks will be l...
by cadreamer2015
Tue Jan 02, 2018 12:11 am
Forum: Investing - Help with Personal Investments
Topic: Need guidance - inherited WF managed 1.2M portfolio
Replies: 12
Views: 1813

Re: Need guidance - inherited WF managed 1.2M portfolio

You may be better off by transferring all assets in kind from Wells Fargo to Vanguard, then having Vanguard sell them. With your total assets at Vanguard it’s likely that commissions will be free for all or most of the sales.
by cadreamer2015
Mon Jan 01, 2018 12:32 pm
Forum: Personal Consumer Issues
Topic: Hawaii vacation suggestions
Replies: 11
Views: 782

Re: Hawaii vacation suggestions

Rexindex wrote: ↑ Mon Jan 01, 2018 9:15 am and we prefer pet friendly hotels. Taking a pet to Hawaii makes no sense if you are flying from the mainland. You will need a permit to bring a pet to Hawaii, plus a lot of other stuff you need to know: http://hdoa.hawaii.gov/ai/aqs/animal-qu ... tion-page...
by cadreamer2015
Sun Dec 31, 2017 11:34 am
Forum: Personal Finance (Not Investing)
Topic: Does donation count for 2017 if donated fund shares do not settle until 2018?
Replies: 35
Views: 1643

Re: Does donation count for 2017 if donated fund shares do not settle until 2018?

My very recent experience with transferring common stock from Vanguard brokerage to Fidelity DAF was that Vanguard showed the shares leaving as of 12/19. For several days thereafter Fidelity showed the shares as “pending.” When the shares settled, Fidelity now shows the arrival date as 12/19/2017, t...
by cadreamer2015
Fri Dec 29, 2017 12:10 pm
Forum: Personal Consumer Issues
Topic: Plow Guy Raised Rates
Replies: 112
Views: 9263

Re: Plow Guy Raised Rates

This may be a matter of supply and demand. There is a recent WSJ article about the shortage of snow plow drivers in the state of Maine. https://www.wsj.com/articles/in-maine-snow-is-everywhere-but-not-snowplow-drivers-1514203200 You can always refuse to pay him the $5 for his lack of notice before r...
by cadreamer2015
Tue Dec 26, 2017 12:07 pm
Forum: Investing - Help with Personal Investments
Topic: Help with inheritance funds
Replies: 12
Views: 1561

Re: Help with inheritance funds

I don’t think you need all 3 tax free funds. Holding short term, medium term and long term funds is very similar to holding just the medium term tax free fund. 2% of the portfolio in iBonds won’t do much for you, so I suggest getting rid of that. I’m sympathetic to the idea of having a higher equity...
by cadreamer2015
Tue Dec 26, 2017 1:49 am
Forum: Investing - Help with Personal Investments
Topic: Help with inheritance funds
Replies: 12
Views: 1561

Re: Help with inheritance funds

I’m a little unclear. Are these assets still in a trust? If so, are you both trustee and beneficiary? Or are these assets coming to you as a distribution from a trust? Do you know if you will definitely have a stepped up basis on the assets so that you would have minimal capital gains?
by cadreamer2015
Fri Dec 22, 2017 3:16 pm
Forum: Investing - Theory, News & General
Topic: What is or was your target multiplier (_ x annual expenses) for retirement?
Replies: 41
Views: 5120

Re: What is or was your target multiplier (_ x annual expenses) for retirement?

#1: What is (or was for those already retired) your expected multiplier, in regards to annual expenses, for retirement? (assume no pension) Not completely retired - working about 1/2 time, but retirement portfolio about 35x required annual expenses net of other income (Social Security, etc.) #2: For...
by cadreamer2015
Fri Dec 22, 2017 1:50 pm
Forum: Personal Finance (Not Investing)
Topic: Reducing Medicare premiums
Replies: 4
Views: 661

Re: Form SSA-44 for reducing Medicare premiums

Unless you think her 2017 and 2018 MAGI will be below $160,000 I don't think there is any point.
by cadreamer2015
Fri Dec 22, 2017 12:54 pm
Forum: Personal Finance (Not Investing)
Topic: [Pass-Thru Entities Questions Thread]
Replies: 124
Views: 8099

Re: Queston about pass through income in new tax law

Thanks to both previous posters. I did try to read the law and it made my head hurt. I guess I will trust that TurboTax will have figured it out 12 months from now :)
by cadreamer2015
Fri Dec 22, 2017 12:04 pm
Forum: Personal Finance (Not Investing)
Topic: [Pass-Thru Entities Questions Thread]
Replies: 124
Views: 8099

Question about pass through income in new tax law

Since the new tax bill has been signed into law, I will try this question to see if anyone has any resources to answer my question. I am self employed with all my self employment income coming in from 1099s. We file MFJ. Income well below the ~$400k figure I've seen as an important cut off/phase out...
by cadreamer2015
Thu Dec 21, 2017 2:25 pm
Forum: Investing - Help with Personal Investments
Topic: Donor Advised Funds
Replies: 4
Views: 319

Re: Donor Advised Funds

I created a Donor Advised Fund with Fidelity Charitable earlier this week. Advantage for me is that I can donate appreciated securities and get a tax deduction for the donation for the 2017 tax year. You can direct future donations from your DAF. From all reports the process of making donation to ap...
by cadreamer2015
Thu Dec 21, 2017 11:27 am
Forum: Personal Finance (Not Investing)
Topic: availability of nonstardard mortgage term
Replies: 6
Views: 249

Re: availability of nonstardard mortgage term

I would go with a 20 year term (a fairly standard offering) and just make payments based on your amortization schedule of preference (16 or 17 years).
by cadreamer2015
Wed Dec 20, 2017 4:12 pm
Forum: Personal Finance (Not Investing)
Topic: Donor Advised Fund if your tax circumstances will change in the future
Replies: 75
Views: 4954

Re: Donor Advised Fund if your tax circumstances will change in the future

I set up my DAF at Fidelity on-line on Monday. The shares I want to donate are held at Vanguard's brokerage. Fidelity suggested having the shares pushed from Vanguard rather than fulled from Fidelity. I submitted the Vanguard paperwork to have the shares transfered via fax on Monday afternoon, and i...
by cadreamer2015
Tue Dec 19, 2017 12:06 pm
Forum: Investing - Help with Personal Investments
Topic: Thoughts on 401K plans for Self-Employed Independent Consultant
Replies: 7
Views: 418

Re: Thoughts on 401K plans for Self-Employed Independent Consultant

I prefer the i401k plan to a SEP. See this link for a discussion: http://www.sepira.com/sep-ira-vs-individual-401k.html

I found the Vanguard i401k program to be perfectly adequate for my needs. Some people prefer Fidelity's.
by cadreamer2015
Mon Dec 18, 2017 7:18 pm
Forum: Personal Consumer Issues
Topic: Spending on myself, am I off base here?
Replies: 104
Views: 5615

Re: Spending on myself, am I off base here?

This reminds me of an issue I know many musicians, especially guitar players, have. It is called GAS or Gear Acquisition Syndrome. There's always another guitar (or pinball machine) that looks really good. The problem comes, from what I've seen, when the acquirer lies to the spouse (almost always a ...
by cadreamer2015
Mon Dec 18, 2017 7:13 pm
Forum: Personal Finance (Not Investing)
Topic: Term Life Insurance After Retirement
Replies: 13
Views: 779

Re: Term Life Insurance After Retirement

I have 2 months left on a 10-year level premium term life insurance policy. I kept it in force after semi-retiring 2 years ago, in part because it is now an actuarially a favorable bet. Also I wouldn't want my DW to think poorly of me if I dropped the policy and dropped dead before the policy would ...
by cadreamer2015
Thu Dec 14, 2017 2:07 pm
Forum: Personal Consumer Issues
Topic: How to find a good realtor that negotiates well
Replies: 21
Views: 1409

Re: How to find a good realtor that negotiates well

I never considered my realtors in charge of negotiation the big stuff, like price. They would present our proposals. They can be helpful in negotiation the small stuff - what's reasonable on inspection based repairs, closing dates, etc. But as others say, I think it's much more important for your re...
by cadreamer2015
Fri Dec 08, 2017 11:45 am
Forum: Personal Finance (Not Investing)
Topic: Offline Tax Software For What-If Analysis Regarding IRA Early Withdrawals
Replies: 6
Views: 392

Re: Offline Tax Software For What-If Analysis Regarding IRA Early Withdrawals

I purchase the download version of TurboTax for just this reason - to be able to easily run several what-ifs. Its usually a reasonable assumption that this year's program, based on this year's tax code, will be a reasonable approximation of future years' taxes. Probably less reasonable assumption fo...
by cadreamer2015
Tue Dec 05, 2017 1:17 pm
Forum: Personal Consumer Issues
Topic: Lowering My Grocery Bill
Replies: 110
Views: 7355

Re: Lowering My Grocery Bill

The retirement budget I put together 2 years ago has $580 per month for groceries, along with a pretty generous amount for eating out. The groceries category includes everything we buy at grocery stores, including cleaning supplies, toilet paper, etc. but excluding wine. We live in SoCal also, so I ...
by cadreamer2015
Thu Nov 30, 2017 2:05 pm
Forum: Investing - Help with Personal Investments
Topic: Where to best set up 401k for Self Employed Contractor?
Replies: 8
Views: 293

Re: Where to best set up 401k for Self Employed Contractor?

For an individual 401k the employee contribution must be made before 12/31. The employer contribution can be made any time up to 4/15 of the following year, I believe. I have set up my i401k at Vanguard and I’m happy with it. There are advantages and disadvantages of Fido vs Vanguard. You can search...
by cadreamer2015
Sun Nov 26, 2017 6:05 pm
Forum: Investing - Theory, News & General
Topic: Basis question regarding generation skipping trusts
Replies: 3
Views: 298

Basis question regarding generation skipping trusts

I’ve got a question about capital gains tax basis on assets in a generation skipping trust. Person in generation 1 establishes a testamentary GST with income going to a person in generation 2. When the person in generation 2 dies, the assets of the trust are distributed to people in generation 3. Wh...
by cadreamer2015
Sun Nov 26, 2017 11:18 am
Forum: Personal Consumer Issues
Topic: The annoying insistence on frivolous credit checks/pulls
Replies: 35
Views: 3312

Re: The annoying insistence on frivolous credit checks/pulls

We had to use my DW as the subscriber when we switched from AT&T Uverse to Direct TV (also owned by AT&T) as I knew with my credit frozen I would not be able to sign up as the subscriber. Unfreezing my credit, especially when they don’t know in advance which credit bureau will be used, was not somet...
by cadreamer2015
Thu Nov 23, 2017 9:46 am
Forum: Personal Finance (Not Investing)
Topic: Trustee paying beneficiary lump sum of trust assets
Replies: 7
Views: 667

Re: Trustee paying beneficiary lump sum of trust assets

I think it’s impossible to say without knowing what the trust document says. Are there any other beneficiaries of this trust? If so, would they object to an early distribution or termination of the trust? It seems unlikely to me that there would be any substantial tax consequences of a termination a...
by cadreamer2015
Wed Nov 15, 2017 3:14 pm
Forum: Personal Finance (Not Investing)
Topic: Turned down for Citibank Costco Visa
Replies: 25
Views: 5162

Re: Turned down for Citibank Costco Visa

OP here. I did finally get the Citibank Costco Visa. Had to temporarily unfreeze my Experian credit file. Now I can buy that new TV and get the super extended warranty. :wink:
by cadreamer2015
Mon Nov 13, 2017 8:31 pm
Forum: Investing - Help with Personal Investments
Topic: Generation Skipping Trusts
Replies: 7
Views: 1151

Re: Generation Skipping Trusts

As far as I know income is either taxed at the recipients's tax rate if distributed, or at trust tax rates (higher starting at much lower levels of income) if not distributed (i.e. reinvested). Or the trust might be invested in tax-exempt securities, in which case probably no tax would be owed wheth...
by cadreamer2015
Wed Nov 08, 2017 9:47 am
Forum: Personal Finance (Not Investing)
Topic: Auto Insruance Payment
Replies: 29
Views: 1699

Re: Auto Insruance Payment

With USAA I pay monthly automatically from my checking account with no extra charge.
by cadreamer2015
Mon Nov 06, 2017 3:56 am
Forum: Personal Consumer Issues
Topic: Anyone did tours (to Peru) with Gate 1 Travel?
Replies: 16
Views: 1606

Re: Anyone did tours (to Peru) with Gate 1 Travel?

We went on a Gate 1 tour to Peru in April 2016 which was fantastic. They did a very good job of getting us acclimated to the high altitude, and did a lot of eco tour type activities, visiting farms, rural schools, peoples homes, etc. the guide was a PHD archeologist who gave us a wonderful tour of M...
by cadreamer2015
Tue Oct 24, 2017 1:45 pm
Forum: Personal Consumer Issues
Topic: New TV, what's important?
Replies: 42
Views: 3238

New TV, what's important?

We are planning on replacing our 10 year old 720p plasma 50" TV. We will get either a 50" or 55" and I'm leaning toward 4K because why not, we keep things a long time and there will probably be some programming in the next 10 years that will take advantage of that capability. But there are lots of t...
by cadreamer2015
Fri Oct 20, 2017 8:59 am
Forum: Personal Finance (Not Investing)
Topic: Income Taxes & the Gig Economy
Replies: 7
Views: 720

Re: Income Taxes & the Gig Economy

I use google sheets to track my expenses as an independent contractor, including $0.47 for a postage stamp. I’ve been doing this for over two years and it works fine for me. Software is less important than just keeping track of things and entering them on a daily basis. If you can do that there is n...
by cadreamer2015
Wed Oct 11, 2017 9:50 am
Forum: Personal Finance (Not Investing)
Topic: Medicare High Earner Premium
Replies: 15
Views: 2459

Re: Medicare High Earner Premium

Check the SSA-44 form, but I believe for reduced work/retirement they will accept a personal affidavit as sufficient documentation. We’ve done the appeal twice, once last year for my DW when she started Medicare, and then this year when I turned 65. The first time we went to the local Social Securit...
by cadreamer2015
Tue Oct 10, 2017 6:36 am
Forum: Personal Finance (Not Investing)
Topic: Medicare High Earner Premium
Replies: 15
Views: 2459

Re: Medicare High Earner Premium

But OP did retire in 2016, and this is definitely a qualifying life changing event. There is no harm in filing the SSA-44 appeal form.
by cadreamer2015
Sun Sep 24, 2017 8:21 am
Forum: Personal Consumer Issues
Topic: Older or younger people travel around?
Replies: 31
Views: 3459

Re: Older or younger people travel around?

The common saying about cruises are that they are for the newly wed, the over fed, or the nearly dead. If you want to avoid the 60+ crowd, as others have written, avoid cruises and packaged tours.
by cadreamer2015
Fri Sep 22, 2017 3:48 pm
Forum: Investing - Help with Personal Investments
Topic: 1099 employees how do you mentally handle taking time off?
Replies: 25
Views: 1531

Re: 1099 employees how do you mentally handle taking time off?

I think that the term 1099 employee is an oxymoron. If you are an employee you should be paid on a W-2 and your employer should pay the usual taxes - like employer share of Social Security, unemployment taxes, etc. If you are paid on a 1099 you are an independent contractor, essentially running your...
by cadreamer2015
Fri Sep 22, 2017 2:18 pm
Forum: Personal Finance (Not Investing)
Topic: Age you retired
Replies: 112
Views: 9312

Re: Age you retired

Retired from full time work at age 63. Still working about 1/2 time as a consultant. Expect to retire from that at age 65 or 66.
by cadreamer2015
Wed Sep 20, 2017 9:24 am
Forum: Investing - Theory, News & General
Topic: Oil - Price & Supply/Demand Conundrum
Replies: 62
Views: 4238

Re: Oil - Price & Supply/Demand Conundrum

Not all US oil has the same production cost. Some is profitable at $20, while some is not profitable at $60. My advice, after more than 20 years in the oil business, is to neither over nor underweight energy in your portfolio. I do overweight REITs, but for the rest of my US equity exposure I'm happ...
by cadreamer2015
Fri Sep 08, 2017 11:53 am
Forum: Personal Finance (Not Investing)
Topic: On Medicare Part A & Spouse's corporate medical policy which ends 9/30/2017
Replies: 12
Views: 1199

Re: On Medicare Part A & Spouse's corporate medical policy which ends 9/30/2017

OP - you may not be stuck with elevated IRMAA premiums. There are several exceptions which allow for a downward adjustment or elimination of the IRMAA surcharges. Retiring, losing a job, greatly reduced work hours are all qualifying exceptions. See SSA form 44 (Life Changing Event) for instructions....
by cadreamer2015
Thu Sep 07, 2017 9:44 am
Forum: Personal Finance (Not Investing)
Topic: inherited annuity question?
Replies: 19
Views: 1631

Re: inherited annuity question?

Are you sure that the annuity was in an IRA? Even it was in a taxable account it could be that much of the value is gain, which will be taxed at ordinary income rates. Only the return of principal, which could be small, is tax free.
by cadreamer2015
Wed Sep 06, 2017 5:55 pm
Forum: Investing - Theory, News & General
Topic: Funds missing from Proxy voting forms
Replies: 8
Views: 937

Re: Funds missing from Proxy voting forms

You will probably get multiple proxy voting forms. I got 3 different forms in different mailings covering Vanguard forms held 3 different ways.
by cadreamer2015
Wed Sep 06, 2017 10:26 am
Forum: Personal Finance (Not Investing)
Topic: When calculating net worth, how do you value your house?
Replies: 167
Views: 10439

Re: When calculating net worth, how do you value your house?

#1: If you made me calculate net worth, I would include the value of our cars and net value of our house.

But #2: I don't calculate net worth.
+1 :happy
by cadreamer2015
Wed Sep 06, 2017 8:30 am
Forum: Personal Finance (Not Investing)
Topic: When calculating net worth, how do you value your house?
Replies: 167
Views: 10439

Re: When calculating net worth, how do you value your house?

I don't usually think much about the value of my house in a net worth calculation - we've got to live somewhere. I guess it would be important if we were near the estate tax limits, but we aren't. If forced to pick a number I would use a recent appraisal. Failing that I would go with an average of o...