Search found 700 matches

by cadreamer2015
Wed Dec 12, 2018 11:32 am
Forum: Personal Consumer Issues
Topic: Is a New Car Okay if Driven 15+ Years?
Replies: 71
Views: 5145

Re: Is a New Car Okay if Driven 15+ Years?

We are still driving a 2004 Toyota Sienna minivan with 160k miles on it. I would certainly call it "Okay." If we were driving around little kids I might be more concerned about modern safety features and plan on replacing the car at about 10 years of age. But it is just DW and me at this point. Our ...
by cadreamer2015
Wed Dec 12, 2018 10:03 am
Forum: Personal Finance (Not Investing)
Topic: downsizing-/-capital gains?
Replies: 7
Views: 492

Re: downsizing-/-capital gains?

The purchase price of your new home has no impact on potential capital gains on selling your old home. (That was a feature of the pre 1986 tax reform code, I think). What matters is the basis of your current home, which is typically the purchase cost plus cost of improvements. The net sales price le...
by cadreamer2015
Tue Dec 11, 2018 9:12 pm
Forum: Personal Finance (Not Investing)
Topic: Not accepting Medicare benefits
Replies: 24
Views: 4025

Re: Not accepting Medicare benefits

The IRMAA surcharges for any given year are based on your Modified Adjusted Gross Income (MAGI) from 2 years prior. So for 2019 the IRMAA surcharge is based on your 2017 MAGI. For Medicare, MAGI is your AGI from your 1040 plus your tax exempt interest income. There are a limited number of ways to ap...
by cadreamer2015
Tue Dec 11, 2018 6:59 pm
Forum: Personal Finance (Not Investing)
Topic: Is TurboTax accurate?
Replies: 3
Views: 535

Re: Is TurboTax accurate?

To your question #2, as long as you are well over the minimum earnings to earn 4 quarters of credit per year, the answer is no, a 1 or 2 $ discrepancy is unlikely to affect your Social Security benefit in any noticeable way and will not affect affect your Medicare eligibility at all.
by cadreamer2015
Fri Dec 07, 2018 4:40 pm
Forum: Personal Consumer Issues
Topic: Retaining mental sharpness in retirement communities?
Replies: 8
Views: 1418

Re: Retaining mental sharpness in retirement communities?

Other than house work, it is not clear to me why any of your current activities would not be able to continue when living in a CCRC. As others have written, most CCRCs I’m familiar with have a host of physical, social and intellectual activists on offer.
by cadreamer2015
Thu Dec 06, 2018 3:14 pm
Forum: Personal Finance (Not Investing)
Topic: A simple will (vs. trust) for a simple guy?
Replies: 11
Views: 1104

Re: A simple will (vs. trust) for a simple guy?

If all your financial assets transfer to others upon your death, your executor will seem to have no financial assets in your estate from which to pay legitimate financial debts or other expenses (funeral, cremation etc?). This won’t be a problem for you but might be an inconvenience or a problem for...
by cadreamer2015
Wed Dec 05, 2018 10:40 am
Forum: Investing - Help with Personal Investments
Topic: Do IRA contributions reduce MAGI for IRMAA?
Replies: 7
Views: 626

Re: Do IRA contributions reduce MAGI for IRMAA?

Yes.

You now put IRA contributions on Schedule 1. Line 36 (a total of deductions) on Schedule 1 is deducted from Total Income on the 1040 to calculate AGI on the new 1040 form. This AGI is used to calculate MAGI.
by cadreamer2015
Mon Dec 03, 2018 12:07 pm
Forum: Personal Finance (Not Investing)
Topic: NYT Article: The Myth of Steady Retirement Spending
Replies: 50
Views: 6936

NYT Article: The Myth of Steady Retirement Spending

This should not come as a surprise to Bogleheads, but good to see it in the popular press:

https://www.nytimes.com/2018/11/29/busi ... ators.html
by cadreamer2015
Sun Nov 18, 2018 9:53 am
Forum: Investing - Help with Personal Investments
Topic: Am I understanding this right about DAFs? If so...wow
Replies: 33
Views: 3952

Re: Am I understanding this right about DAFs? If so...wow

As someone else said, unless you already have $24,000 in itemized deductions you won’t get the benefit of deducting the entire amount of your donation to a DAF. The new standard deduction for MFJ taxpayers is $24,000, and only deductions in excess of the standard deduction reduce your taxes. Another...
by cadreamer2015
Sat Nov 17, 2018 2:09 pm
Forum: Investing - Help with Personal Investments
Topic: LOST OVER $400 on CDs in 2 Weeks!
Replies: 24
Views: 4369

Re: LOST OVER $400 on CDs in 2 Weeks!

My net worth is off by many thousands as a result. Annoying. Why is the market value of your investments not the correct value to include in your net worth calculation? A bond fund you might own will show a NAV based on the market value of the bonds, not the face amount. If you own a bond fund, I i...
by cadreamer2015
Fri Nov 16, 2018 10:33 pm
Forum: Investing - Help with Personal Investments
Topic: Can I do a 2018 Roth conversion up until I file my 2018 taxes or 4/15/2019?
Replies: 4
Views: 432

Re: Can I do a 2018 Roth conversion up until I file my 2018 taxes or 4/15/2019?

Thanks. I guess I’ll have to do as good an estimate of our income as I can in late December.
by cadreamer2015
Fri Nov 16, 2018 10:08 pm
Forum: Investing - Help with Personal Investments
Topic: Can I do a 2018 Roth conversion up until I file my 2018 taxes or 4/15/2019?
Replies: 4
Views: 432

Can I do a 2018 Roth conversion up until I file my 2018 taxes or 4/15/2019?

I searched on the forum and on line and couldn’t seem to find a definitive answer. Can I do a Roth conversion from my traditional IRA in early 2019, up until 4/15/2019 or the date I file my 2018 taxes? I’d like to convert up to my IRMAA limit (MAGI $170k) but won’t know my income until the very end ...
by cadreamer2015
Mon Nov 12, 2018 9:19 am
Forum: Personal Consumer Issues
Topic: How long have you had, or did you have, your HP-12C calculator?
Replies: 72
Views: 2788

Re: How long have you had, or did you have, your HP-12C calculator?

I was issued my 12c by my second full time employer in 1981. I’m sure it was not new at the time - I inherited it from someone who had left the department. They let me keep the calculator when I got RIFEd in the mid 1999s. I still use it regularly as my only calculator. So it is 37+ years old.
by cadreamer2015
Thu Nov 08, 2018 9:34 am
Forum: Personal Finance (Not Investing)
Topic: Amazon says TurboTax 2018 will be released November 12
Replies: 85
Views: 9876

Re: Amazon says TurboTax 2018 will be released November 12

I purchased and it's obvious the software is in the early stages. Error right away, can't connect to the Update site. Home deductions section (mortgage, property taxes) not yet open. Nothing at all about the §199A QBI deduction.
That's disappointing but not unexpected.
by cadreamer2015
Wed Nov 07, 2018 1:51 pm
Forum: Personal Finance (Not Investing)
Topic: Amazon says TurboTax 2018 will be released November 12
Replies: 85
Views: 9876

Amazon says TurboTax 2018 will be released November 12

Just checking on Amazon I see that they say that TurboTax 2018 will be released on November 12. CDs are available for pre-order now. I imagine that the downloaded version will be available on or about November 12.
by cadreamer2015
Tue Nov 06, 2018 3:21 pm
Forum: Personal Finance (Not Investing)
Topic: How much money are you leaving your kids after you die?
Replies: 234
Views: 15020

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

I like the line from the movie “Descendants:” Leave them enough so they can do anything but not so much that they can do nothing. Our kids will get everything we don’t spend. I expect that will be a respectable amount, but not enough that they can quit their jobs and live on the beach drinking mai t...
by cadreamer2015
Fri Nov 02, 2018 9:16 am
Forum: Personal Consumer Issues
Topic: Best and reasonably priced moving companies for cross country move
Replies: 17
Views: 994

Re: Best and reasonably priced moving companies for cross country move

We’ve moved coast to coast 4 times in the past 30 years. Our daughter just moved from Philly to Tucson. Some observations/experience. As in most things, there is tension between “best” and “reasonably priced.” It’s hard or impossible to find both. Of our coast to coast moves, only was was corporate ...
by cadreamer2015
Thu Nov 01, 2018 9:32 am
Forum: Personal Finance (Not Investing)
Topic: 45% increase in marketplace insurance
Replies: 73
Views: 4434

Re: 45% increase in marketplace insurance

maybe I should get out now and start trying to save that money for self insurance The health care system in this country is expensive. Would you be able to save at least mid 6 figures or more as your self insurance backstop? The risk of loss is at least that much, so it is not really reasonable for...
by cadreamer2015
Fri Oct 26, 2018 12:22 pm
Forum: Personal Finance (Not Investing)
Topic: Working in NYC: Live in NY or NJ for tax optimization?
Replies: 25
Views: 1826

Re: Working in NYC: Live in NY or NJ for tax optimization?

Living in NJ and working in NY means you pay NY income taxes on the income earned in NY, but you will not pay NY income taxes on income not earned in NY. You'll pay NJ taxes on that income. Your NY taxes on income earned will also be an offset to your NJ taxes. If this is an important question, I'd ...
by cadreamer2015
Tue Oct 23, 2018 6:50 pm
Forum: Personal Finance (Not Investing)
Topic: Disclaim inheritance to grandchild's 529 account?
Replies: 6
Views: 679

Re: Disclaim inheritance to grandchild's 529 account?

I think it is unlikely to work in the way you intend. My understanding (IANAL) is that by disclaiming, the assets that would otherwise come to you will go to whomever they would go to if you were deceased. This might be your children directly, your siblings, your grandchildren, a charity etc. It all...
by cadreamer2015
Wed Oct 17, 2018 9:33 am
Forum: Personal Consumer Issues
Topic: Cross-country trip via Amtrak
Replies: 58
Views: 5689

Re: Cross-country trip via Amtrak

We went cross country from Los Angeles to Philadelphia in 1995. It was a great trip, even with a 3, 6 and 9 year old. Definitely get a sleeping compartment. You will have a change of trains in Chicago. As others have written, Amtrak is often late. Outside of the Boston-Washington corridor where they...
by cadreamer2015
Tue Oct 16, 2018 7:18 pm
Forum: Personal Consumer Issues
Topic: Should we move to San Diego from east coast?
Replies: 138
Views: 10963

Re: Should we move to San Diego from east coast?

While virtually any area in California has some earthquake risk, the San Diego area has much lower risk than most other areas of the state like LA or SF Bay Area. Wildfire risk is also very location dependent. I'd say it is relatively low west of El Camino Real (say 3 miles from the ocean) where rea...
by cadreamer2015
Sun Oct 14, 2018 6:03 pm
Forum: Personal Consumer Issues
Topic: Should we move to San Diego from east coast?
Replies: 138
Views: 10963

Re: Should we move to San Diego from east coast?

We moved from a NYC suburb (NJ) to North County San Diego 3 years ago. We love it! Depending on where you are currently living and where you want to live in North County house prices may not be that much higher. The home we purchased here 2 years ago was only 2% more than the home we sold in Norther...
by cadreamer2015
Thu Oct 11, 2018 10:04 am
Forum: Personal Consumer Issues
Topic: Anyone here major in Economics in college?
Replies: 68
Views: 4035

Re: Anyone here major in Economics in college?

My friend is an econ major and had to get an MBA before he could earn more than 6 figures. Very, very few people earn more than 6 figures. Based on 2017 income distribution only 0.2% of the U.S. population had annual earnings more than $1 million. Even at 5 figures ($99,999 or more) only about 12% ...
by cadreamer2015
Wed Oct 10, 2018 10:44 am
Forum: Personal Finance (Not Investing)
Topic: request help appealing IRMAA
Replies: 6
Views: 840

Re: request help appealing IRMAA

Another thing I just discovered is that if you have a SSA-44 approved for an adjusted or eliminated IRMAA premium it doesn't automatically apply to your spouse. Your spouse has to submit a separate SSA-44 form.
by cadreamer2015
Wed Oct 10, 2018 7:29 am
Forum: Personal Finance (Not Investing)
Topic: request help appealing IRMAA
Replies: 6
Views: 840

Re: request help appealing IRMAA

I have successfully applied for elimination of IRMAA premium using form SSA-44, but can't claim to be an expert. I think you may have confused things a bit if you have included anything in your application other than a qualifying life-changing event. One time events such as sale of assets (capital g...
by cadreamer2015
Mon Oct 08, 2018 11:21 am
Forum: Personal Finance (Not Investing)
Topic: 1099 employee for the first time. Help?
Replies: 10
Views: 522

Re: 1099 employee for the first time. Help?

First off, it seems like a contradiction in terms to say 1099 employee. It seems to me that either you are an employee and get a W2, or you are an independent contractor and get a 1099 (ignoring for this discussion the rare statutory employee). Assuming she will be an independent contractor, I don’t...
by cadreamer2015
Sat Oct 06, 2018 2:55 pm
Forum: Investing - Theory, News & General
Topic: Is it better to have fewer investment choices?
Replies: 23
Views: 1826

Re: Is it better to have fewer investment choices?

There is a fair amount of research in behavioral economics that agrees with your premise. In 401k plans with “too many” investment choices, a large number of employees were investing in either all money market or all company stock - long run retirement investment choices BogleHeads would generally r...
by cadreamer2015
Sat Oct 06, 2018 12:37 pm
Forum: Personal Finance (Not Investing)
Topic: Former Employer Contracting Opportunity - Share Your Thoughts
Replies: 29
Views: 1618

Re: Former Employer Contracting Opportunity - Share Your Thoughts

I’m now working as a contractor for my former employer at 1.45 x my previous salary. It’s taken a couple of years to get up to this level. I know that they would bill out my time at 2 to 3 x my former salary if they get a big project they are bidding on. Especially since you don’t really need the mo...
by cadreamer2015
Thu Oct 04, 2018 8:15 am
Forum: Investing - Help with Personal Investments
Topic: Is it wrong to have too many funds?
Replies: 9
Views: 630

Re: Is it wrong to have too many funds?

I think the main arguments against “too many” funds are that it is more difficult to know what you own in terms of asset allocation and more difficult to manage. Various portfolio tools can help you understand what you own. While it might not be too difficult to manage now, what about 20 or 30 years...
by cadreamer2015
Thu Sep 13, 2018 6:57 am
Forum: Investing - Help with Personal Investments
Topic: Roth conversions when we will be in 22% bracket for indefinite future
Replies: 16
Views: 1896

Re: Roth conversions when we will be in 22% bracket for indefinite future

Thanks to all who replied. I've run i-orp (extended version) and here is a summary of the results: No Roth conversions: Annual disposable income $152,000 Roth conversions up to the top of the 22% bracket: Annual disposable income $153,000 Unlimited Roth conversions: Annual disposable income $154,000...
by cadreamer2015
Tue Sep 11, 2018 3:59 pm
Forum: Investing - Help with Personal Investments
Topic: Roth conversions when we will be in 22% bracket for indefinite future
Replies: 16
Views: 1896

Roth conversions when we will be in 22% bracket for indefinite future

Hi All, I'm interested in getting perspectives on whether or not it is worth it to do Roth conversions before I turn 70 in 4 years. My best estimate is that we will be in the 22% Federal tax bracket (8% California) for the indefinite future, both before age 70 and probably even after age 70, dependi...
by cadreamer2015
Sat Sep 08, 2018 7:36 pm
Forum: Personal Finance (Not Investing)
Topic: Rent vs Buy for low-income retiree
Replies: 23
Views: 2109

Re: Rent vs Buy for low-income retiree

If property tax is the only reason she can’t afford to stay in her current house, there is a Senior Citizen Property Tax Postponement program in California. Basically the state pays your property taxes to the county and acquires a senior lien against your house. You repay the postponed property tax ...
by cadreamer2015
Fri Sep 07, 2018 6:06 am
Forum: Personal Finance (Not Investing)
Topic: Hilton Honors
Replies: 15
Views: 2031

Re: Hilton Honors

I have been a member of Hilton Honors for many years. Back when I did more business travel it was more useful. These days I earn a free night every year or so. I choose hotels based on perceived quality and price, but will choose a Hilton brand if all else equal. Not a big deal.
by cadreamer2015
Wed Sep 05, 2018 1:01 pm
Forum: Personal Finance (Not Investing)
Topic: Social Security Spousal Benefits Only
Replies: 6
Views: 961

Re: Social Security Spousal Benefits Only

OP here with an update. From mid-July through the end of August my on-line Social Security account listed my application as "processing." Then as of August 27 it showed that a "decision has been made." I just received by snail-mail the decision that I'm awarded a "husband's benefit." The dollar amou...
by cadreamer2015
Sat Sep 01, 2018 3:13 pm
Forum: Personal Finance (Not Investing)
Topic: Do you have an umbrella policy?
Replies: 278
Views: 30776

Re: Umbrella insurance..who has it? Is it recommended?

I live in a HCOL area so my guess is the extra coverage isn’t a bad idea in the event I bump into someone’s Ferrari. We have $2 million in umbrella coverage. The risk you are insuring against isn't the risk of bumping into someone's Ferrari. You are insuring against the risk that you accidentally k...
by cadreamer2015
Tue Aug 28, 2018 6:43 am
Forum: Personal Finance (Not Investing)
Topic: Is a will or living trust necessary?
Replies: 11
Views: 1243

Re: Is a will or living trust necessary?

A will or trust is not necessary but it may be wise. If you don’t have a will your state has one for you - namely their procedure for folks who die intestate (without a will). Depending on your state it may be more or less of a hassle for your wife to settle your estate if you have no will, in order...
by cadreamer2015
Mon Aug 27, 2018 4:48 pm
Forum: Personal Finance (Not Investing)
Topic: Retiring to USA from Australia
Replies: 22
Views: 1492

Re: Retiring to USA from Australia

Also make sure they spend some extended time visiting in December or January. My wife has SAD and living in the Seattle area was depressing for her. You may not realize you have SAD until you spend a few months with short days and nearly unbroken cloud cover.
by cadreamer2015
Mon Aug 27, 2018 4:25 pm
Forum: Personal Finance (Not Investing)
Topic: Retiring to USA from Australia
Replies: 22
Views: 1492

Re: Retiring to USA from Australia

Another concern might be if they move to the Seattle area, get settled, and then you and your family move elsewhere in the U.S. for career reasons. Only you can tell how likely this might be. This was our concern when my MIL was talking about moving to the Seattle area when we lived there. Sure enou...
by cadreamer2015
Mon Aug 27, 2018 7:52 am
Forum: Personal Finance (Not Investing)
Topic: Hard Credit Inquiry from Credco
Replies: 10
Views: 1375

Re: Hard Credit Inquiry from Credco

IIRC car dealers sometimes do a credit check when selling a new car, even if you are paying cash. Since the timing of the credit inquiry coincides with when you thawed your credit and purchased a car, this may well be the source of the credit inquiry. I wouldn't worry too much about this.
by cadreamer2015
Sat Aug 25, 2018 1:29 pm
Forum: Personal Finance (Not Investing)
Topic: Is forming a LLC necessary for an independent contractor
Replies: 17
Views: 1662

Re: Is forming a LLC necessary for an independent contractor

Forming an LLC is not necessary. Why does she think she needs to form an LLC? As my attorney has explained to me, an LLC would not shield me from personal liability for any actions I take myself. It might shield my assets from liability for actions any of my employees take. But since I have no emplo...
by cadreamer2015
Mon Aug 20, 2018 9:58 am
Forum: Personal Consumer Issues
Topic: ICE or a hybrid car
Replies: 31
Views: 2126

Re: ICE or a hybrid car

Even if your state bans the sale of ICE cars in 5 years (highly unlikely), there will still be plenty of ICE cars on the road 20 years from now. Your choice between an ICE car and a hybrid should not be influenced by whatever you read about potential future policies on "phasing out" ICE cars.
by cadreamer2015
Sun Aug 19, 2018 8:52 pm
Forum: Personal Finance (Not Investing)
Topic: Avoiding Taxes in Trust Termination
Replies: 3
Views: 404

Re: Avoiding Taxes in Trust Termination

I am not a tax professional, but why would taxes be owed if the assets are not sold but merely transferred from the trust account into the account of the beneficiary? Then the beneficiary can sell the assets at a time of her/his own choosing, with any capital gains tax due at that time. As far as I ...
by cadreamer2015
Sat Aug 18, 2018 12:18 pm
Forum: Personal Finance (Not Investing)
Topic: How to raise cash to pay living expenses in near term (nine months)?
Replies: 47
Views: 3207

Re: How to raise cash to pay living expenses in near term (nine months)?

If your mutual funds in a taxable account are held at a brokerage, can you get a margin loan against your investments?
by cadreamer2015
Thu Aug 16, 2018 10:17 am
Forum: Personal Finance (Not Investing)
Topic: SS benefits and work history question
Replies: 6
Views: 570

Re: SS benefits and work history question

Yes, that is my understanding, too.
by cadreamer2015
Mon Aug 06, 2018 3:03 pm
Forum: Personal Finance (Not Investing)
Topic: When are the taxes due on rental property sale
Replies: 14
Views: 1023

Re: When are the taxes due on rental property sale

You won’t owe the IRS a real estate transaction tax. You will owe income tax, and part of your income will be capital gain and perhaps depreciation recapture. The tax will be determined when you file your 2018 return in 2019. You might owe an under withholding penalty, but there are a number of “saf...
by cadreamer2015
Mon Aug 06, 2018 12:32 pm
Forum: Personal Consumer Issues
Topic: Coldness Pismo beach water
Replies: 24
Views: 1834

Re: Coldness Pismo beach water

California ocean water doesn’t really warm up much until you get south of Santa Barbara or even south of Point Dume (Malibu). The California current brings cold water down from Alaska.
by cadreamer2015
Mon Aug 06, 2018 12:28 pm
Forum: Investing - Help with Personal Investments
Topic: Any Experience? - Vanguard Customer Service When Transferring Accounts from Large Brokerage Firm
Replies: 19
Views: 1181

Re: Any Experience? - Vanguard Customer Service When Transferring Accounts from Large Brokerage Firm

I transferred mid 6 figures from Merrill Edge to Vanguard about a year ago. It was a transfer in kind of a Vanguard fund. I dealt with my Vanguard Flagship rep who handed me off to the person who set up the transfer. No problems at all. So I’d start off with talking with someone at Vanguard.