Search found 1113 matches

by lawman3966
Fri May 17, 2019 12:41 am
Forum: Personal Finance (Not Investing)
Topic: Social Security Disability: Fibromyalgia
Replies: 31
Views: 3435

Re: Social Security Disability: Fibromyalgia

If possible, try to get an attorney from the very start of the process. I can tell you that a lawyer I know at a non-profit thinks that some attorneys are very unethically charging too much for the small amount of work they are doing at the start of this process for the most vulnerable members of t...
by lawman3966
Thu May 09, 2019 9:11 pm
Forum: Personal Finance (Not Investing)
Topic: Social Security Disability: Fibromyalgia
Replies: 31
Views: 3435

Re: Social Security Disability: Fibromyalgia

I applied for and was approved for SSDI benefits for chronic fatigue syndrome (CFS). CFS was widely considered to be difficult to get ssdi benefits for, but recognition of the condition by the social security administration (SSA) improved over the years. The usual guidance from applicants and attorn...
by lawman3966
Tue May 07, 2019 9:09 pm
Forum: Investing - Theory, News & General
Topic: Climate Change Investment Strategy
Replies: 21
Views: 2998

Re: Climate Change Investment Strategy

This topic occurred to me, so I decided to reply to an existing thread rather than start a new one. I've have to disagree with those saying this is in the "nobody knows nothing" category. There are now many articles online warning investors about the impact on their portfolios of climate change. I t...
by lawman3966
Fri Apr 12, 2019 12:29 pm
Forum: Personal Investments
Topic: Are my 401k fees ridiculously high?
Replies: 32
Views: 2291

Re: Are my 401k fees ridiculously high?

Your fees are not high compared to what I've experienced. One former employer's 401K plan was with an insurance company. The plan had a wrap fee of about 1% and offered quasi-mutual-fund products with expense ratios of between 1% and 1.5%, providing a total AUM cost burden between 2% and 2.5%. As ba...
by lawman3966
Wed Mar 20, 2019 12:42 am
Forum: Personal Finance (Not Investing)
Topic: Patent an idea and find investors.
Replies: 31
Views: 1802

Re: Patent an idea and find investors.

Retired patent attorney here. This is a big and complex topic and difficult to fully address in this context. I will address some of the statements above, refer you to some resources, and add a few observations. I agree with avoiding the invention promotion firms. They lead people on with misleading...
by lawman3966
Tue Feb 05, 2019 12:51 pm
Forum: Personal Investments
Topic: Why my FA is rushing me to get out of Matson, whom he suggested in 2014.
Replies: 22
Views: 3046

Re: Why my FA is rushing me to get out of Matson, whom he suggested in 2014.

I quickly reviewed Matson Money's fee structure online, and I'd say that the advice to move money away from them is solid.
I'd follow that up by doing what others have said above, namely to move the money to Vanguard.
by lawman3966
Mon Feb 04, 2019 11:40 pm
Forum: Investing - Theory, News & General
Topic: Firecalc - Date of Portfolio Change
Replies: 2
Views: 294

Firecalc - Date of Portfolio Change

I was entering data into the Portfolio changes section of Firecalc (FC) and varied the year in which the change would take place, to measure the impact of an expected inheritance. In varying the year of receipt between 2023 and 2030, the results were inconsistent and surprising. The impact on permis...
by lawman3966
Mon Feb 04, 2019 5:11 pm
Forum: Personal Finance (Not Investing)
Topic: Please critique my plan for early retirement
Replies: 42
Views: 5052

Re: Please critique my plan for early retirement

I entered your wealth data, and an estimate for your social security data ($18K/year starting at age 65) into Firecalc. I searched for the permissible spending level using a 95% confidence level, using the "investigate" tab. I entered a retirement period of 45 years, on the view that at age 85, spen...
by lawman3966
Sat Feb 02, 2019 11:46 am
Forum: Personal Finance (Not Investing)
Topic: Can I Retire in July 2019?
Replies: 30
Views: 5229

Re: Can I Retire in July 2019?

I think you can retire, with perhaps some minor adjustments and assumptions. I plugged your numbers into Firecalc. Run (a), inputs: portolio = 1.2 million; SS income = $39K starting in 2030; portfolio 70% in stocks; retirement period = 30 years. Success rate of 95%. Result: spendable income of about...
by lawman3966
Thu Jan 17, 2019 5:03 pm
Forum: Personal Investments
Topic: 57 yr old w/$14K
Replies: 24
Views: 3695

Re: 57 yr old w/$14K

He should look into applying for Supplemental Security Income (SSI). It's specifically designed for people who have health issues but who don't have enough social security credits to qualify for Social Security Disability Insurance (SSDI). I have met people who are on SSI who are in shoes similar to...
by lawman3966
Thu Jan 17, 2019 11:27 am
Forum: Investing - Theory, News & General
Topic: John Bogle has died at age 89
Replies: 856
Views: 50841

Re: John Bogle has died at age 89

Mr. Bogle,
Thank you for a life well lived.
Let's start the petition here to have Saint Jack added to Mount Rushmore.
by lawman3966
Wed Jan 02, 2019 11:43 pm
Forum: Personal Investments
Topic: Roth Conversion 2019 and Beyond (Updated Data)
Replies: 9
Views: 1249

Re: Roth Conversion 2019 and Beyond (Updated Data)

Sawdust60: Thanks again for the updated table. I admit that I'm having trouble determining where various numbers in the table arise from. I will try to identify what I think the numbers represent, and post a question if I don't understand it. Of course, please let me know if my understanding is inco...
by lawman3966
Wed Jan 02, 2019 6:10 pm
Forum: Personal Investments
Topic: Roth Conversion 2019 and Beyond (Updated Data)
Replies: 9
Views: 1249

Re: Roth Conversion 2019 and Beyond (Updated Data)

Sawdust60: Thanks for your post. I'm not sure I completely understand what each column in your table represents. I have been wrestling with something. Perhaps someone here can clarify matters. I am trying to figure out what my effective marginal income tax is at at the cusp of the 22% tax bracket (d...
by lawman3966
Tue Jan 01, 2019 7:48 pm
Forum: Personal Investments
Topic: Roth Conversion 2019 and Beyond (Updated Data)
Replies: 9
Views: 1249

Roth Conversion 2019 and Beyond (Updated Data)

I am looking to start Roth conversions during 2019 and am posting to get suggestions for a Roth conversion strategy and/or a link to a good Roth conversion calculator. Another valuable tool recommendation would be for tax software that would enable me to accurately determine the total effective marg...
by lawman3966
Thu Dec 20, 2018 6:35 pm
Forum: Personal Finance (Not Investing)
Topic: Long Term Capital Gains and Disability Income
Replies: 2
Views: 186

Re: Long Term Capital Gains and Disability Income

It would help if you would specify what type of disability income it is. If you're referring to Social Security Disability Insurance, her right to receive the income should not be affected by the sale of the property. But the tax treatment of her SSDI income can indeed be affected by the capital gai...
by lawman3966
Sun Dec 02, 2018 6:42 pm
Forum: Personal Investments
Topic: Roth Conversion for 2019 and Beyond
Replies: 8
Views: 1391

Re: Roth Conversion for 2019 and Beyond

INCOME: Current Social security income: $28.2K /year. (SSDI income). Investment income: approx. $10K/year. Is the SSDI income taxable? Are you single? Is this $38.2k enough to cover your living expenses each year? Will there be other income that starts at a later time, maybe a pension or something ...
by lawman3966
Sun Dec 02, 2018 6:18 pm
Forum: Personal Consumer Issues
Topic: Please Recommend a New Car for Me
Replies: 53
Views: 4598

Re: Please Recommend a New Car for Me

There are many good suggestions above, including the one to simply keep the vehicle you already have. However, if you're determined to get a new vehicle, I thought I'd chime in about one I like. I very much like my Hyundai Elantra GT. The Hyundai Accent hatchback has a very similar body style to the...
by lawman3966
Thu Nov 29, 2018 1:37 pm
Forum: Personal Investments
Topic: Roth Conversion for 2019 and Beyond
Replies: 8
Views: 1391

Re: Roth Conversion for 2019 and Beyond

Thanks. I will check them both out.
by lawman3966
Thu Nov 29, 2018 9:55 am
Forum: Personal Investments
Topic: Roth Conversion for 2019 and Beyond
Replies: 8
Views: 1391

Roth Conversion for 2019 and Beyond

I am looking to start Roth conversions during 2019 and am posting to get suggestions for a Roth conversion strategy and/or a link to a good Roth conversion calculator. I held off doing Roth conversions until now because the conversions would have increased the cost of the ACA plan I was on at the ti...
by lawman3966
Fri Aug 03, 2018 10:17 pm
Forum: Personal Consumer Issues
Topic: Travel Laptop Computer Recommendation
Replies: 12
Views: 1016

Re: Travel Laptop Computer Recommendation

I was in the same boat as you last year and bought a Windows laptop with a 32gb hard drive. Unfortunately, I am no longer able to install the latest windows updates onto my laptop because the hard drive is too small. Even with nothing installed on my laptop (no Microsoft Office, no apps, no interne...
by lawman3966
Fri Aug 03, 2018 8:07 pm
Forum: Personal Consumer Issues
Topic: Travel Laptop Computer Recommendation
Replies: 12
Views: 1016

Travel Laptop Computer Recommendation

I am writing to seek recommendations for a travel laptop computer. I would like it to be reasonably small and light, and to not be too costly in view of the increase risk of damage and theft. The more inexpensive computers (mostly from Asus) have limited storage in eMMC drives, and many come with Wi...
by lawman3966
Tue Jul 10, 2018 12:06 am
Forum: Personal Finance (Not Investing)
Topic: Anyone with experience in Social Security/SSA Hearings?
Replies: 15
Views: 1695

Re: Anyone with experience in Social Security/SSA Hearings?

I don't know whether you already know of the below linked site or not. I searched for it because, although I was aware of the rules for lawyer compensation for the application phase for social security disability, I didn't know what rules would apply for overpayment situations. As I suspected, it's ...
by lawman3966
Sun Jul 01, 2018 3:06 pm
Forum: Non-US Investing
Topic: Inheritance by U.S. Citizen from Former U.S. Green Card Holder
Replies: 29
Views: 3507

Re: Inheritance by U.S. Citizen from Former U.S. Green Card Holder

Bump with link to related question. I posted a follow up question, about inheritance of IRAs, related to this thread at the link below. I'm bumping this thread to hopefully generate attention for the thread below by some of the great posters who responded to the earlier thread. https://www.boglehead...
by lawman3966
Fri Jun 29, 2018 4:15 pm
Forum: Personal Investments
Topic: I'm old, sold house and have $800k to invest.
Replies: 9
Views: 2625

Re: I'm old, sold house and have $800k to invest.

Well first, welcome to the forum. From your post, it appears (though it's not completely clear) that you already own a home. Assuming the above to be true, you could achieve security by buying a TIPS ladder. Rather than go into extensive detail, you could take this opportunity to start reading up on...
by lawman3966
Fri Jun 29, 2018 3:45 pm
Forum: Personal Finance (Not Investing)
Topic: Retire at 55, what's the magic number
Replies: 169
Views: 25907

Re: Retire at 55, what's the magic number

Just chiming in re: health insurance. Unless you can manage your MAGI for an ACA subsidy, or have another form of health insurance, I would budget at least $25-$35k per year for coverage. The husband and I are late 40s and we budgeted $20k for this year. And it looks like we'll spend a little more ...
by lawman3966
Fri Jun 29, 2018 8:17 am
Forum: Non-US Investing
Topic: Distributing U.S. IRAs to U.S. and Canadian Beneficiaries
Replies: 3
Views: 483

Distributing U.S. IRAs to U.S. and Canadian Beneficiaries

This question is related to a recent thread on cross-border inheritance, but goes in a different direction and thus warrants a separate thread. I have an elderly mother living in Canada who is a Canadian citizen and former U.S. person - a former long-time green card holder. She has an estate worth a...
by lawman3966
Tue Jun 26, 2018 9:57 pm
Forum: Non-US Investing
Topic: Inheritance by U.S. Citizen from Former U.S. Green Card Holder
Replies: 29
Views: 3507

Re: Inheritance by U.S. Citizen from Former U.S. Green Card Holder

Here is my decidedly un-PC take: When my mother, living in Canada (but who had had green card status for 13 years until about 25 years before she passed), passed away, my modest inheritance came directly to me as a paper check, Canadian funds, from her estate attorneys' offices. I deposited it, aft...
by lawman3966
Mon Jun 25, 2018 11:03 pm
Forum: Non-US Investing
Topic: Inheritance by U.S. Citizen from Former U.S. Green Card Holder
Replies: 29
Views: 3507

Re: Inheritance by U.S. Citizen from Former U.S. Green Card Holder

In which case, assuming that your mother indeed has a lingering green card status but owns absolutely no US assets -- no home in Florida, no 401k or IRA, no US-based bank or brokerage accounts, etc -- it seems to me that the best option here is to forget entirely that you ever heard of the 'exit ta...
by lawman3966
Sun Jun 24, 2018 11:09 am
Forum: Non-US Investing
Topic: Inheritance by U.S. Citizen from Former U.S. Green Card Holder
Replies: 29
Views: 3507

Re: Inheritance by U.S. Citizen from Former U.S. Green Card Holder

i can't believe I am suggesting this. But desperate times call for desperate measures. You didn't mention any siblings. If you have a sibling who is a Canadian citizen (and not entangled in the US miasma), and he/she is someone who you can trust - I mean really trust -- the inheritance can pass thr...
by lawman3966
Sun Jun 24, 2018 10:47 am
Forum: Non-US Investing
Topic: Inheritance by U.S. Citizen from Former U.S. Green Card Holder
Replies: 29
Views: 3507

Re: Inheritance by U.S. Citizen from Former U.S. Green Card Holder

It sounds like my mother will need the advice of a cross-border estate planning firm. ... On this final point, be warned that any such firm will have no real choice but to recommend full compliance, undertaken by them (at, of course, huge cost). The rest of us can be more free with our opinions, th...
by lawman3966
Sat Jun 23, 2018 4:26 pm
Forum: Non-US Investing
Topic: Inheritance by U.S. Citizen from Former U.S. Green Card Holder
Replies: 29
Views: 3507

Re: Inheritance by U.S. Citizen from Former U.S. Green Card Holder

(1) My mother would not satisfy either of the financial tests. Her tax liability was far below $100K, and her net worth was below $500K in the mid-nineties when she expatriated. Okay. That tells us that she is not a 'covered expat' under the old pre-HEART 877 rules, but only if she filed the requir...
by lawman3966
Sat Jun 23, 2018 3:35 pm
Forum: Non-US Investing
Topic: Inheritance by U.S. Citizen from Former U.S. Green Card Holder
Replies: 29
Views: 3507

Re: Inheritance by U.S. Citizen from Former U.S. Green Card Holder

You can actually request the entire file the US immigration has on your mother (she has to do it) under the Freedom of Information Act (FOIA). That way you will know what you are dealing with, and then can plan accordingly. You can get the information at the following link: https://www.uscis.gov/ab...
by lawman3966
Fri Jun 22, 2018 10:58 pm
Forum: Non-US Investing
Topic: Inheritance by U.S. Citizen from Former U.S. Green Card Holder
Replies: 29
Views: 3507

Re: Inheritance by U.S. Citizen from Former U.S. Green Card Holder

#1) Even if an I-407 was filed, an 8854 is required too I believe. I don't think I-407 alone gets you free from being a U.S. resident for tax purposes. So it seems your mother could still be under US tax liability. Not sure how to confirm an 8854 was filed. Possible, but timing is important. In 200...
by lawman3966
Mon Jun 18, 2018 7:14 pm
Forum: Non-US Investing
Topic: Inheritance by U.S. Citizen from Former U.S. Green Card Holder
Replies: 29
Views: 3507

Inheritance by U.S. Citizen from Former U.S. Green Card Holder

I am trying to determine whether a prospective, possible inheritance will be subject to U.S. tax, and whether any action can be taken now to influence the situation. I first asked this question on this board's Canadian sister site - the Financial Wisdom Forum - but now realize that an American tax e...
by lawman3966
Thu May 24, 2018 11:06 pm
Forum: Personal Finance (Not Investing)
Topic: medicaid as early retirement medical insurance (or maybe Obamacare)
Replies: 41
Views: 4445

Re: medicaid as early retirement medical insurance (or maybe Obamacare)

i did not see anything about assets limits. The below link addresses the asset limits for Medicaid in Texas. https://www.familyassets.com/nursing-homes/resources/medicaid/texas You should actually be quite happy if your assets don't qualify you for Medicaid in Texas, as you might experience a grim ...
by lawman3966
Fri Jan 12, 2018 10:11 pm
Forum: Investing - Theory, News & General
Topic: Shares Are Wildly Overpriced. But Bonds May Be Even Worse
Replies: 35
Views: 6417

Re: Shares Are Wildly Overpriced. But Bonds May Be Even Worse

I am trying to figure out just how overpriced the stock market supposedly is. A list of Key Metrics from Factset, date today Jan. 12, 2018, states that the estimated forward P/E ratio for the S&P 500 is 18.4, a whole 15.7% above the five-year moving average of 15.9, and 29% above the ten-year moving...
by lawman3966
Tue Jan 02, 2018 2:40 am
Forum: Investing - Theory, News & General
Topic: Individual Stocks That Went Bust
Replies: 110
Views: 9797

Re: Individual Stocks That Went Bust

VISX had many of us seeing red in early 2000s.
by lawman3966
Mon Jan 01, 2018 2:29 pm
Forum: Personal Investments
Topic: Strategy for using TSP in Retirement
Replies: 6
Views: 1405

Re: Strategy for using TSP in Retirement

OP I think your approach makes good sense. One reason to leave your funds out of the TSP is if you want to do Roth conversions. But it seems like the new withdrawl rules will make it fairly easy to transfer funds in and out of the TSP, so you’re not making any irrevocable choices. Ok, I admit that ...
by lawman3966
Sun Dec 31, 2017 10:44 pm
Forum: Personal Investments
Topic: Strategy for using TSP in Retirement
Replies: 6
Views: 1405

Strategy for using TSP in Retirement

I'm writing to get input regarding the best way to use my TSP in retirement. I ask this in part because I've read that withdrawals from the TSP are more difficult than from other retirement accounts, though I haven't been able to confirm that with my own reading. A brief summary of my accounts follo...
by lawman3966
Thu Dec 28, 2017 8:42 pm
Forum: Investing - Theory, News & General
Topic: S&P500 Indexing stay away? - does article make valid points?
Replies: 18
Views: 3380

Re: S&P500 Indexing stay away? - does article make valid points?

To answer your questions: I find that the article is not interesting, does not make valid points, and is blatantly self promoting since the author peddles investments that compete with stock index investing. The article at various points criticizes: (1) stock investing in general (due to valuations)...
by lawman3966
Thu Dec 14, 2017 6:55 pm
Forum: Personal Investments
Topic: any sense in purchasing an annuity before retirement?
Replies: 35
Views: 2833

Re: any sense in purchasing an annuity before retirement?

I guess my point was, either way, I'm going to be stuck with a low rate of return over the next 5 years for some portion -- say 50% for even numbers -- of our portfolio. If my neighbor has 100% of his assets in the market or a variable annuity, he might come out 2x ahead, but I don't want to take t...
by lawman3966
Tue Dec 12, 2017 7:32 pm
Forum: Personal Consumer Issues
Topic: Space Heater Thermostat Temp-based or just Duty Cycle
Replies: 8
Views: 828

Re: Space Heater Thermostat Temp-based or just Duty Cycle

Looking at Tacoma code specifically, this document has a 70 degree requirement and does not allow it to be met by space heaters on page 30 here, but from a quick read of the section, I think it allows grandfathering. http://cms.cityoftacoma.org/cityclerk/Files/MunicipalCode/Title02-Buildings.PDF Th...
by lawman3966
Tue Dec 12, 2017 2:44 am
Forum: Personal Consumer Issues
Topic: Space Heater Thermostat Temp-based or just Duty Cycle
Replies: 8
Views: 828

Re: Space Heater Thermostat Temp-based or just Duty Cycle

Also, if I remember right in Washington state, if a dwelling does not have a permanently wired or plumbed primary heating source, it is out of code. I don't remember where at the moment to check for confirmation on that. I suppose whether that is a deficiency you'd want to raise a fuss about might ...
by lawman3966
Tue Dec 12, 2017 2:08 am
Forum: Personal Consumer Issues
Topic: Space Heater Thermostat Temp-based or just Duty Cycle
Replies: 8
Views: 828

Re: Space Heater Thermostat Temp-based or just Duty Cycle

Also, if I remember right in Washington state, if a dwelling does not have a permanently wired or plumbed primary heating source, it is out of code. I don't remember where at the moment to check for confirmation on that. I suppose whether that is a deficiency you'd want to raise a fuss about might ...
by lawman3966
Mon Dec 11, 2017 11:26 pm
Forum: Personal Consumer Issues
Topic: Space Heater Thermostat Temp-based or just Duty Cycle
Replies: 8
Views: 828

Space Heater Thermostat Temp-based or just Duty Cycle

Appealing to the techies out there to resolve a dispute. Our home in WA uses only electric space heaters for heat. One resident is attempting to map a combination of space heater thermostat settings to the resulting room temperature, in order to come up with thermostat settings we can stick to. My i...
by lawman3966
Mon Dec 11, 2017 11:14 pm
Forum: Personal Finance (Not Investing)
Topic: Parking Lot Dent: Pay myself or submit claim
Replies: 14
Views: 2122

Re: Parking Lot Dent: Pay myself or submit claim

Normally in cases where the other vehicle is moving, there is always the possibility of a bodily injury claim from the op. However in this case to op's car was parked, and even if they wanted to get it repaired, the cost would be nominal. Also, given your upcoming relo, I would just submit it to Ge...
by lawman3966
Mon Dec 11, 2017 9:47 pm
Forum: Personal Investments
Topic: Year End Planning Roth Conversion / ACA
Replies: 1
Views: 305

Year End Planning Roth Conversion / ACA

I am posting to determine whether my situation is ripe for a Roth conversion.Some data: Age: 58 Amount in TIRA: $400K Income from SSDI: $26.8K/ year. Income from investments: about $ 5K/year. Health plan: Silver ACA plan, with a $380/month premium. I tend to think that a Roth Conversion at this time...
by lawman3966
Mon Dec 11, 2017 8:45 pm
Forum: Personal Consumer Issues
Topic: Cricket Wireless: What are the gotchas?
Replies: 38
Views: 3095

Re: Cricket Wireless: What are the gotchas?

I switched from AT&T to Cricket about a year and a half ago and have had no problems. Once you get used to it, their online interface is good enough that I don't feel the need to call customer service. I recently traveled to Canada, and had no trouble adjusting my plan upwards in order to have unlim...
by lawman3966
Mon Dec 11, 2017 8:36 pm
Forum: Personal Finance (Not Investing)
Topic: Parking Lot Dent: Pay myself or submit claim
Replies: 14
Views: 2122

Re: Parking Lot Dent: Pay myself or submit claim

In your state, do you also have to pay to fix what you hit? What is that additional cost? Per the text added to my top post, the damage to what I hit - another vehicle - was trivial and the owner does not appear interested in pursuing the issue. If there is not any other fixes involved, at that pri...