Search found 668 matches

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: 1791

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: 1791

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: 1979

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: 1945

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: 923

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: 29144

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: 1196

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: 1401

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: 1401

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: 1274

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: 1579

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: 1968

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: 390

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: 3102

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: 539

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: 974

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: 1764

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: 1094

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.
by cadreamer2015
Mon Aug 06, 2018 6:28 am
Forum: Personal Finance (Not Investing)
Topic: Will you pay for your kids' college/graduate education?
Replies: 366
Views: 15433

Re: Will you pay for your kids' college/graduate education?

We paid 100% of their undergraduate expenses, with 3 full freight liberal arts college bills to pay. They are on their own for graduate school. One paid for her Ivy League MA out of earnings and a small inheritance, one got at fully funded PhD, and the third is about to start a fully funded MS progr...
by cadreamer2015
Fri Aug 03, 2018 5:37 am
Forum: Personal Finance (Not Investing)
Topic: Co - signed a Mortage, Now wants out
Replies: 57
Views: 6179

Re: Co - signed a Mortage, Now wants out

One question I have not yet seen raised is whether the state in question is recourse or non recourse for mortgage loans. If it is recourse then you would be on the hook for the mortgage debt if sister and BIL stop paying on the mortgage, which is extra incentive to get your name off the mortgage. Bu...
by cadreamer2015
Wed Aug 01, 2018 12:49 pm
Forum: Personal Finance (Not Investing)
Topic: Social Security Spousal Benefits Only
Replies: 6
Views: 923

Re: Social Security Spousal Benefits Only

I guess I may be getting more comfortable that everything is OK with my application for Spousal Benefits Only: 1) at the top of the summary of my application sent by Social Security in snail mail it says: Application Summary for Wife's or Husband's Insurance Benefits 2) When I go on-line to MySocial...
by cadreamer2015
Wed Aug 01, 2018 12:13 pm
Forum: Personal Finance (Not Investing)
Topic: Social Security Spousal Benefits Only
Replies: 6
Views: 923

Re: Social Security Spousal Benefits Only

In my application I asked for benefits to start at my FRA, which is next month. (First payment to be made the month after my 66th birthday month). So I’m pretty sure I’m eligible to get just spousal benefit.
by cadreamer2015
Wed Aug 01, 2018 11:20 am
Forum: Investing - Theory, News & General
Topic: Is it necessary to have multiple international funds?
Replies: 21
Views: 975

Re: Is it necessary to have multiple international funds?

It’s not necessary to have a 6-7 fund portfolio. Jack Bogle doesn’t think you need even one international fund. Vanguard seems to like to put PAS clients into the international equity index fund and the international bond fund, so that’s two international funds in what is usually a four fund portfol...
by cadreamer2015
Wed Aug 01, 2018 9:49 am
Forum: Personal Finance (Not Investing)
Topic: Social Security Spousal Benefits Only
Replies: 6
Views: 923

Social Security Spousal Benefits Only

I've recently applied for Social Security for Spousal Benefits Only, intending to let my own benefit increase with delayed retirement credits. I was born in 1952 so this option is available to me. I applied on-line and a few weeks later got a phone call from someone at Social Security who confirmed ...
by cadreamer2015
Mon Jul 30, 2018 1:41 pm
Forum: Personal Finance (Not Investing)
Topic: Medicare supplemental, etc.
Replies: 24
Views: 1564

Re: Medicare supplemental, etc.

I recommend “Medicare for Dummies.”

We went with Blue Cross Plan G. YMMV
by cadreamer2015
Mon Jul 23, 2018 12:27 pm
Forum: Personal Consumer Issues
Topic: Galapagos Islands
Replies: 30
Views: 6260

Re: Galapagos Islands

Note that Quito is about 9,400 feet in elevation. If you are not coming from a high altitude origin you should consider getting altitude sickness medication to take before you arrive. Take it easy and drink plenty of fluids. An escorted tour is a great idea. We had one that we enjoyed.
by cadreamer2015
Sat Jul 21, 2018 10:16 am
Forum: Personal Finance (Not Investing)
Topic: Term Insurance Recommendations w/Pre-existing?
Replies: 4
Views: 418

Re: Term Insurance Recommendations w/Pre-existing?

Do you need life insurance? Many people at retirement age do not need life insurance as no one is relying on their earned income any more. I let my term life insurance expire at the end of its 10 year term at age 65.
by cadreamer2015
Sat Jul 07, 2018 2:24 pm
Forum: Personal Finance (Not Investing)
Topic: direct deposit while working 1099
Replies: 13
Views: 739

Re: direct deposit while working 1099

I am an independent contractor with my former employer. My contract specifies payment by wire transfer, but for the past year or so they’ve been paying me by ACH, which is fine with me. Since it’s not a paycheck I wouldn’t call it direct deposit, but that may just be semantics. My original contract ...
by cadreamer2015
Sat Jul 07, 2018 1:50 pm
Forum: Personal Consumer Issues
Topic: Ultrasonic pest repellent - do they work?
Replies: 6
Views: 734

Re: Ultrasonic pest repellent - do they work?

Seems to be helpful in our cabin but not 100% effective. The built in night light is also helpful.
by cadreamer2015
Fri Jul 06, 2018 5:25 pm
Forum: Personal Consumer Issues
Topic: Anyone use Gate 1 Travel?
Replies: 15
Views: 1549

Re: Anyone use Gate 1 Travel?

We did a 14 day trip to Peru with them which was very good. I would consider using them again.
by cadreamer2015
Wed Jul 04, 2018 7:23 pm
Forum: Personal Finance (Not Investing)
Topic: legal document with hyphen/non hyphen middle name
Replies: 11
Views: 1132

Re: legal document with hyphen/non hyphen middle name

I’ve heard that this can be a problem that can be time consuming to fix in two different circumstances: 1) When applying for social security / Medicare if your names don’t match up 2) For flying, especially internationally, if the name on your photo ID (e.g. drivers license) doesn’t exactly match th...
by cadreamer2015
Wed Jul 04, 2018 12:44 pm
Forum: Personal Finance (Not Investing)
Topic: Trust Schedule B
Replies: 6
Views: 460

Re: Trust Schedule B

In my experience a revocable living trust does not file a 1040 thus no schedule B. It is a disregarded entity and the grantor(s) report all income on their own 1040. Once a trust becomes irrevocable it gets its own EIN and files a 1041 income tax return, where interest and dividends are reported on ...
by cadreamer2015
Fri Jun 29, 2018 6:28 pm
Forum: Personal Consumer Issues
Topic: Rental Car Damage / Delayed Contact. Opinions?
Replies: 13
Views: 1228

Re: Rental Car Damage / Delayed Contact. Opinions?

What does your company travel policy say? When I traveled on business for large companies the policy was 1) never pay for insurance, 2) contact the travel office / company risk office if there were any claims of damage. If possible I would let your company's travel folks handle this.
by cadreamer2015
Thu Jun 28, 2018 5:33 pm
Forum: Personal Finance (Not Investing)
Topic: States that are investments/tax unfriendly?
Replies: 27
Views: 3306

Re: States that are investments/tax unfriendly?

While I don't like paying taxes I don't have to, we moved to California at age 63 because we like the climate, it is close to family and friends and we can afford it. I figure that the tax burden is one of the costs of living in California rather than someplace like Ohio. But it would be wise to sel...
by cadreamer2015
Sat Jun 23, 2018 12:37 pm
Forum: Personal Finance (Not Investing)
Topic: [USA-FL] Selling a joint deed/mortgaged property when one person wants out?
Replies: 11
Views: 636

Re: [USA-FL] Selling a joint deed/mortgaged property when one person wants out?

Google partition action. Basically one part owner can sue the other part owner and get a judge to order the property sold and the proceeds split. Can be an expensive and time consuming process.
by cadreamer2015
Sat Jun 23, 2018 6:38 am
Forum: Personal Finance (Not Investing)
Topic: Retirees: When you cut spending, what do you cut?
Replies: 84
Views: 8763

Re: Retirees: When you cut spending, what do you cut?

We haven’t had to cut spending (yet?) in retirement, but here is what I think we’d cut back: Travel - currently budget $22,500 per year for travel so that’s an obvious target Eating out - could probably save several thousand $ per year by eating out much less often Postpone postponable purchases - o...
by cadreamer2015
Tue Jun 19, 2018 4:06 pm
Forum: Personal Finance (Not Investing)
Topic: I don't trust my own estimate of expenses
Replies: 29
Views: 2563

Re: I don't trust my own estimate of expenses

We use mostly plastic for things like groceries, so it is a relatively simple matter to look at the end-of-year summary reports that I get both from Chase and Citibank. They will break the charges out by category and you can import the file into Excel or another spreadsheet program.
by cadreamer2015
Sat Jun 02, 2018 7:37 am
Forum: Personal Consumer Issues
Topic: Energy Industry [looking for website to discuss]
Replies: 23
Views: 1756

Re: Energy Industry

As another poster noted, energy industry can mean many different things. I worked for big oil for 14 years and have worked for an energy consulting firm for another 10. The Oil, gas and coal industries are basically commodity producers where fortunes and employment prospects go up and down with the ...
by cadreamer2015
Wed May 30, 2018 4:47 pm
Forum: Investing - Help with Personal Investments
Topic: 15% rate of return in last 15 years can I expect the same in next 16 years
Replies: 39
Views: 4244

Re: 15% rate of return in last 15 years can I expect the same in next 16 years

How did you calculate your 15% rate of return? If you made no investments over the past 15 years you would have started out with ~$185,000 in each of the taxable and tax deferred accounts. 15% return compounded over 15 years would take those initial investment amounts to a little over $1.5 million e...
by cadreamer2015
Tue May 29, 2018 6:01 am
Forum: Personal Consumer Issues
Topic: DNA ancestry testing
Replies: 88
Views: 9126

Re: DNA ancestry testing

I, too, have found FamilyTreeDNA less reliable than Ancestry and 23andme. FT showed a whole bunch of people as relatives who I couldn’t figure out how they could possibly be related - as our family as a pretty extensive paper genealogy I know where most of my ancestors came from. I had done the DNA ...
by cadreamer2015
Tue May 29, 2018 5:54 am
Forum: Investing - Help with Personal Investments
Topic: Creative Planning vs Vanguard PAS
Replies: 94
Views: 6619

Re: Creative Planning vs Vanguard PAS

IIRC If you are a Flagship client at Vanguard you can have a once a year free financial plan update with a CFP, if having a CFP is important to you.
by cadreamer2015
Mon May 28, 2018 1:10 pm
Forum: Personal Consumer Issues
Topic: GFCI trips when toaster oven turned on
Replies: 33
Views: 2105

Re: GFCI trips when toast oven turned on

Even if the toaster plugs are upstream of the GFCI, is it on the same circuit? (Check the breaker box). If it is on the same circuit, perhaps the CFCI is detecting some anomaly in the current/voltage when the toaster is turned on. But IANAE. I would look into replacing the toaster as well.
by cadreamer2015
Sun May 27, 2018 5:55 am
Forum: Personal Finance (Not Investing)
Topic: Best Available 2018 tax estimator
Replies: 44
Views: 8060

Re: Best Available 2018 tax estimator

Do any of these 2018 tax estimators handle the 20% deduction/exclusion for self employment income?
by cadreamer2015
Sun May 20, 2018 12:55 pm
Forum: Investing - Help with Personal Investments
Topic: Newly widowed, how do I invest 1.5 million life ins. proceeds
Replies: 72
Views: 8421

Re: Newly widowed, how do I invest 1.5 million life ins. proceeds

You certainly don't need and can't afford planning help with asset allocation. I completely disagree with even using a fee-only planner for that. However you may need to revisit the estate plan you had with your husband and for that you should probably get professional help. I don't think the OP ne...
by cadreamer2015
Sun May 20, 2018 7:45 am
Forum: Investing - Help with Personal Investments
Topic: Newly widowed, how do I invest 1.5 million life ins. proceeds
Replies: 72
Views: 8421

Re: Newly widowed, how do I invest 1.5 million life ins. proceeds

So very sorry for your loss. As others have written, the wiki on what to do with a windfall would be good reading for you. The Vanguard PAS for 0.3% might be worthwhile. One thing others have not mentioned is a question that might take a while for you to think about and answer: Do you expect to be o...
by cadreamer2015
Sun May 20, 2018 6:45 am
Forum: Investing - Help with Personal Investments
Topic: Wife Retiring hesitant to roll-over funds to Vanguard
Replies: 36
Views: 2828

Re: Wife Retiring hesitant to roll-over funds to Vanguard

We are not concerned about having essentially all of our financial assets at Vanguard. But as others have written, it is your wife's money and she should do what is reasonable to sleep well at night. Fidelity or Schwab are reasonable choices to roll over her 401k investments, as long as one invests ...
by cadreamer2015
Thu May 10, 2018 10:13 am
Forum: Personal Finance (Not Investing)
Topic: How to pass life insurance proceeds from my parents' second to die policy on to my children tax free?
Replies: 17
Views: 1251

Re: How to pass life insurance proceeds from my parents' second to die policy on to my children tax free?

If you are listed as a beneficiary per stripes you might me able to disclaim the your share of the proceeds and have the proceeds pass to your children. Your parents need to check with their life insurance company.
by cadreamer2015
Mon May 07, 2018 4:22 pm
Forum: Personal Finance (Not Investing)
Topic: Means of Titling/Re-Titling [checking acct into] my RLT?
Replies: 20
Views: 1298

Re: Means of Titling/Re-Titling [checking acct into] my RLT?

We never retitled our checking accounts into our RLT. Unless it normally has several tens of thousands of dollars in it I didn’t really see the point. I know that Vanguard Trust Services required me to send the entire trust document before they would agree to be successor trustee.
by cadreamer2015
Fri May 04, 2018 10:29 am
Forum: Personal Finance (Not Investing)
Topic: Continuing Care facility - shielding some assets for the kids
Replies: 37
Views: 4169

Re: Continuing Care facility - shielding some assets for the kids

There are many flavors of CCRCs. They are generally categorized as Type A, B, or C life-care contract models.
Thank you, fourwheelcycle, for your detailed and informed contribution to the discussion.
by cadreamer2015
Thu May 03, 2018 10:33 am
Forum: Personal Finance (Not Investing)
Topic: Continuing Care facility - shielding some assets for the kids
Replies: 37
Views: 4169

Re: Continuing Care facility - shielding some assets for the kids

We don’t know what the minimum required assets are. All they have told us is that our assets are more than required. As for the trust, our attorney says that it would be “very expensive” to set up a trust. If it were me I would ask the CCRC what their minimum required assets are, and tell them you ...