Search found 1425 matches

by earlyout
Tue Dec 01, 2020 5:50 pm
Forum: Personal Investments
Topic: RMD Withdrawal Strategies
Replies: 4
Views: 709

Re: RMD Withdrawal Strategies

The income taxes are the same whether you take the RMD by selling shares or by taking it from the money market. An RMD is regular income. Since I prefer to keep my money invested I would turn on automatic reinvestment to minimize the amount in the money market fund and sell shares when I needed to t...
by earlyout
Sat Nov 28, 2020 10:13 am
Forum: Personal Finance (Not Investing)
Topic: What percentage of your net worth is not taxed?
Replies: 47
Views: 4055

Re: What percentage of your net worth is not taxed?

Never really thought about it until now but less than 5% is taxable several years into retirement. Large conversions to Roth before Social Security and the remaining traditional IRA will go to charity. The appreciation of our personal residence is less than the exemption. Appreciated holdings in tax...
by earlyout
Mon Nov 23, 2020 3:57 pm
Forum: Personal Finance (Not Investing)
Topic: Planning on leaving entire T-IRA to Charity. Now or after we both are gone??
Replies: 13
Views: 802

Re: Planning on leaving entire T-IRA to Charity. Now or after we both are gone??

Good point. Thanks. The idea becomes more attractive since it would lower the amount of Social Security that is taxable.
by earlyout
Mon Nov 23, 2020 1:58 pm
Forum: Personal Finance (Not Investing)
Topic: Planning on leaving entire T-IRA to Charity. Now or after we both are gone??
Replies: 13
Views: 802

Re: Planning on leaving entire T-IRA to Charity. Now or after we both are gone??

Very intrigued by this question since I just changed the beneficiaries for all of my TIRA to charities. My plan all along had been to keep the TIRA available should I have unusual LTC expenses or other medical costs and continue to use the RMDs for ongoing living expenses. I had not thought of donat...
by earlyout
Wed Oct 28, 2020 4:05 pm
Forum: Personal Finance (Not Investing)
Topic: Any Americans here who bought a home in Canada?
Replies: 3
Views: 724

Re: Any Americans here who bought a home in Canada?

More than a few Canadian citizens consider themselves Americans. Are you asking about U.S. citizens buying homes in Canada?
by earlyout
Sat Oct 24, 2020 9:07 am
Forum: Personal Investments
Topic: Long Term Capital Gains rate
Replies: 20
Views: 1937

Re: Long Term Capital Gains rate

Skeeter1 wrote: Sat Oct 24, 2020 8:39 am If this loads properly, this is a simple but interesting way to looking at CG.
https://engaging-data.com/tax-brackets/
Fantastic presentation of capital gain taxes. Should be added to the wiki.
by earlyout
Mon Oct 19, 2020 2:59 pm
Forum: Personal Investments
Topic: Mother's 401k - End stage COPD- Roth Conversions
Replies: 20
Views: 1522

Re: Mother's 401k - End stage COPD- Roth Conversions

A possible scenario here that could result in a very unhappy sibling occurs if a sibling has the same or lower income tax rate than the mother. If the Roth conversion is made, that sibling may end up subsidizing his wealthier siblings. You need to look at the net result to each of the beneficiaries.
by earlyout
Sat Oct 10, 2020 3:36 pm
Forum: Personal Finance (Not Investing)
Topic: Life Insurance and Living Trust
Replies: 4
Views: 276

Re: Life Insurance and Living Trust

If you friend is the trustee he can open a bank account for the trust (note that it is now an irrevocable trust since the grantor is deceased). The proceeds of the life insurance belong to the brothers since they are the named beneficiaries. Do they want to give the life insurance money to the trust...
by earlyout
Thu Oct 08, 2020 5:07 pm
Forum: Personal Finance (Not Investing)
Topic: SS and Trust distributions problem
Replies: 30
Views: 1402

Re: SS and Trust distributions problem

How did SS know so quickly that this person had passed away? Is there an argument to be made, for those in similar situations, to wait until that final check arrives before notifying SS of the death? Is this a problem in the very common scenario where there is a surviving spouse and no individually...
by earlyout
Mon Oct 05, 2020 4:00 pm
Forum: Personal Investments
Topic: VTSAX (Total Stock Market) and Qualified Dividends
Replies: 9
Views: 1198

Re: VBTLX (Total Stock Market) and Qualified Dividends

Something is amiss. VBTLX is the Total Bond index fund, not Total Stock. What 1099 Div are you looking at?
by earlyout
Sun Oct 04, 2020 9:43 am
Forum: Personal Finance (Not Investing)
Topic: Preventing business from making unauthorized ACH withdrawals for disputed amount?
Replies: 28
Views: 2280

Re: Preventing business from making unauthorized ACH withdrawals for disputed amount?

I think the lesson here is to be very careful about allowing any business to access and pull money from a bank account. Much better to give them a credit card they can charge as needed. With a credit card you can easily cancel access and/or dispute questionable charges.
by earlyout
Sat Oct 03, 2020 9:56 am
Forum: Personal Finance (Not Investing)
Topic: Helping poor elders with finance. Appreciate thoughts.
Replies: 19
Views: 1758

Re: Helping poor elders with finance. Appreciate thoughts.

You will need to consider how their income affects their ACA subsidy. Too little income can disqualify them just like too much income. This needs repeating, OP. If they are on ACA you need to make sure you don't take their income below 100% of poverty level. Or else they will have trouble when tryi...
by earlyout
Sat Oct 03, 2020 8:16 am
Forum: Investing - Theory, News & General
Topic: Retiree health plan
Replies: 7
Views: 755

Re: Retiree health plan

Retired from megacorp at 58. Excellent medical and drug coverage subsidized by megacorp. Our share of annual premiums for 2 people has averaged about $2000 (plus Medicare premiums) over the last 20 years.
by earlyout
Fri Sep 25, 2020 1:09 pm
Forum: Personal Investments
Topic: If you owned Wellington would you have to file a schedule 1 on your taxes if you did not sell any shares?
Replies: 7
Views: 928

Re: If you owned Wellington would you have to file a schedule 1 on your taxes if you did not sell any shares?

Do you mean Schedule D? If you really want to know what is reported via Schedule 1, might I suggest you download the form and the instructions from the IRS website and study them. Schedule 1 is used for several different items.
by earlyout
Wed Sep 23, 2020 12:39 pm
Forum: Personal Finance (Not Investing)
Topic: Correct Social Security benefit for widow?
Replies: 7
Views: 961

Re: Correct Social Security benefit for widow?

The OP did not know the Medicare deductions for the individuals. It could be that someone was paying more than the normal Medicare premium, possibly because they were a late enrollee.
by earlyout
Fri Sep 18, 2020 4:15 pm
Forum: Personal Investments
Topic: Guidance for breaking the news to our financial advisor
Replies: 60
Views: 5359

Re: Guidance for breaking the news to our financial advisor

And don't feel sorry for him. Estimate how much of your money he has at 0.9% compounded and you will realize he has been well paid.
by earlyout
Mon Aug 31, 2020 12:13 pm
Forum: Personal Investments
Topic: LTCG Question
Replies: 9
Views: 438

Re: LTCG Question

May be best to manually specify tax lots to sell - both to make sure you realize long -term gains, and to minimize the gains by selling lots with higher cost basis first. FIFO is probably a good enough approximation. If indeed you only need $18,000, and that would bring you total taxable income to ...
by earlyout
Sat Aug 29, 2020 7:35 pm
Forum: Personal Finance (Not Investing)
Topic: IRS processing of 2019 paper returns
Replies: 11
Views: 953

Re: IRS processing of 2019 paper returns

... I'm not sure why a check was mailed when my return requested direct deposit, and had the same routing and account numbers to which my stimulus payment had been successfully sent. Maybe all the interest payments were made by check and the workflow somehow worked better that way. ... It is hard t...
by earlyout
Sun Aug 02, 2020 7:52 pm
Forum: Personal Investments
Topic: Capturing the loss plus tax-free gain in Roth?
Replies: 44
Views: 2007

Re: Capturing the loss plus tax-free gain in Roth?

There are certainly many ways to rebalance but given your constraint of no bonds in taxable this seems like a reasonable way to rebalance back to 50:50 and increase the stock allocation in the Roth. It also has the advantage that in the future you can rebalance within the Roth w/o incurring tax on c...
by earlyout
Mon Jul 27, 2020 10:43 am
Forum: Personal Finance (Not Investing)
Topic: IRS refund delay
Replies: 65
Views: 4444

Re: IRS refund delay

As many have pointed out, efile if you can. I efiled on July 16 ( a day late, I know) and my refund was deposited on July 24. 8 days.
by earlyout
Sat Jul 25, 2020 2:14 pm
Forum: Personal Finance (Not Investing)
Topic: IRS treatment of tax liability for Roth conversion (calendar year)?
Replies: 3
Views: 353

Re: IRS treatment of tax liability for Roth conversion (calendar year)?

IIRC they will treat it as income spread over the year. However, you can avoid the penalty by correctly filling out and including IRS form 2210 when you file your tax return.
by earlyout
Fri Jul 24, 2020 1:55 pm
Forum: Personal Consumer Issues
Topic: Can I (homeowner) pay roofer's insurance premium?
Replies: 8
Views: 917

Re: Can I (homeowner) pay roofer's insurance premium?

It may depend on what insurance you now have but it certainly won't hurt anything to call your insurance agent and ask.
by earlyout
Fri Jul 24, 2020 12:56 pm
Forum: Personal Consumer Issues
Topic: Can I (homeowner) pay roofer's insurance premium?
Replies: 8
Views: 917

Re: Can I (homeowner) pay roofer's insurance premium?

I see two areas of risk if you let this person do the work. He might hurt himself and sue you or he might damage your building. If you really think he can do the work you want done, why don't you talk to your insurance agent and purchase a rider that covers you for both risks.
by earlyout
Mon Jul 13, 2020 1:51 pm
Forum: Personal Consumer Issues
Topic: VoIP phone: Any advice....
Replies: 20
Views: 1002

Re: VoIP phone: Any advice....

An OBI200 with the wifi adapter and service from VOIP.ms. This connected to a 4 phone Panasonic wireless system scattered around the house. Average annual cost 1917-1919, $52.00 including 911. You had VOIP during World War I? Cool! No wonder it was so expensive. :P Sometimes the fingers aren't conn...
by earlyout
Mon Jul 13, 2020 7:49 am
Forum: Personal Consumer Issues
Topic: VoIP phone: Any advice....
Replies: 20
Views: 1002

Re: VoIP phone: Any advice....

An OBI200 with the wifi adapter and service from VOIP.ms. This connected to a 4 phone Panasonic wireless system scattered around the house. Average annual cost 1917-1919, $52.00 including 911.
by earlyout
Wed Jun 24, 2020 7:13 pm
Forum: Personal Consumer Issues
Topic: Viking Built In Refrigerator--Repair or Replace? UPDATED
Replies: 94
Views: 4315

Re: Viking Built In Refrigerator--Repair or Replace?

Why do you have separate units? A built-in 48" Subzero combination refrigerator-freezer would be a lot less than two units and probably less than two new Viking units. Getting a new Viking refrigerator now just locks you into another Viking freezer unit sometime in the not too distant future si...
by earlyout
Wed Jun 24, 2020 7:13 pm
Forum: Personal Consumer Issues
Topic: Viking Built In Refrigerator--Repair or Replace? UPDATED
Replies: 94
Views: 4315

Re: Viking Built In Refrigerator--Repair or Replace?

Why do you have separate units? A built-in 48" Subzero combination refrigerator-freezer would be a lot less than two units and probably less than two new Viking units. Getting a new Viking refrigerator now just locks you into another Viking freezer unit sometime in the not too distant future si...
by earlyout
Mon Jun 22, 2020 4:21 pm
Forum: Personal Finance (Not Investing)
Topic: Real estate closing - what time of day of closing does ownership transfer?
Replies: 31
Views: 1726

Re: Real estate closing - what time of day of closing does ownership transfer?

Talk to the buyer! Otherwise you may find your car and your motorcycle out in the street when you get there. Worse yet, they may not be there at all. Without other arrangements, assume that ownership transfers at the closing.
by earlyout
Thu Jun 18, 2020 8:20 pm
Forum: Personal Finance (Not Investing)
Topic: Report SSDI back pay with "Lump-Sum Election"
Replies: 9
Views: 447

Re: Report SSDI back pay with "Lump-Sum Election"

You have the total back pay for SSDI which covers a certain number of years. Why not calculate the value for each year that was covered, including an adjustment for the annual SS inflation factors, and use that number for the tax calculations? The total will match your 1099 and if you get any questi...
by earlyout
Sat Jun 06, 2020 8:38 pm
Forum: Personal Investments
Topic: Retirees: what is your AA?
Replies: 80
Views: 4138

Re: Retirees: what is your AA?

Retired in 2000 with a 60:40 AA. Modified AA in 2010 to 50:50 and have held it there. Mostly S&P 500 and total bond indices. At the bottom in March AA was 40:60. Can get by on SS if I have to so I'm comfortable with 50:50.
by earlyout
Sun May 31, 2020 4:17 pm
Forum: Personal Consumer Issues
Topic: Can I use my pressure washer compressor for a pneumatic nail gun?
Replies: 24
Views: 1941

Re: Can I use my pressure washer compressor for a pneumatic nail gun?

I'd use 1 1/4" x 18g nails. That's big enough for 3/8" material. Set your nail gun so that it does not drive the nail all the way through the shiplap.
by earlyout
Wed May 20, 2020 8:29 am
Forum: Personal Investments
Topic: Newly retired Roth Conversion help
Replies: 6
Views: 828

Re: Newly retired Roth Conversion help

Don't forget to include the dividends and capital gain from the taxable account when you decide how much to convert. Conversions can no longer be reversed so you want to say on the safe side, particularly with the IRMAA cliff.
by earlyout
Sat May 09, 2020 4:47 pm
Forum: US Chapters
Topic: Metro Atlanta Bogleheads Local Chapter
Replies: 130
Views: 42838

Re: Metro Atlanta Bogleheads Local Chapter

An Atlanta Zoom meeting sounds interesting. I would like to join.
by earlyout
Fri Apr 10, 2020 5:04 pm
Forum: Personal Consumer Issues
Topic: Home office monitor?
Replies: 39
Views: 1748

Re: Home office monitor?

As mentioned above, before buying the monitor(s) make certain your laptop will handle multiple displays at the desired resolution and also think about how you will connect all the devices together.
by earlyout
Sat Mar 28, 2020 3:01 pm
Forum: Personal Investments
Topic: [Can you reverse a RMD made before the CARES act?]
Replies: 7
Views: 1058

Re: [Can you reverse a RMD made before the CARES act?]

You could also take all or part of the distribution and add it to a Roth IRA. You will still pay taxes on the distribution but it will now be in a Roth and future RMDs from your traditional IRA will be reduced.
by earlyout
Wed Mar 18, 2020 9:12 am
Forum: Personal Consumer Issues
Topic: Dentist/Dental hygienist? (in times of COVID)
Replies: 36
Views: 3061

Re: Dentist/Dental hygienist? (in times of COVID)

I had my teeth cleaned last Thursday using an appointment I had made 6 months ago at my last visit to the hygienist. My thought was that the dentist's office is cleaner and less likely to be contaminated than anyplace else.
by earlyout
Mon Mar 16, 2020 1:11 pm
Forum: Personal Finance (Not Investing)
Topic: Bad market to buy and sell a house in?
Replies: 6
Views: 743

Re: Bad market to buy and sell a house in?

I think the price of residential housing will be down after our current crisis is over. Let's say 20%. If you really want to move and don't mind losing the 20% on your current house, go ahead and move now. If it is not worth the 20% to move now, cancel the contract if you can and just stay put. I wo...
by earlyout
Fri Feb 14, 2020 10:21 pm
Forum: Personal Finance (Not Investing)
Topic: Qualified High Deductible Plan for HSA
Replies: 12
Views: 686

Re: Qualified High Deductible Plan for HSA

Be careful not to confuse deductibles with out of pocket max. If, as you state, your oop max is 13,800 that is too high to qualify for an HSA. "For 2019, the IRS defines a high deductible health plan as any plan with a deductible of at least $1,350 for an individual or $2,700 for a family. An ...
by earlyout
Fri Feb 14, 2020 3:09 pm
Forum: Personal Finance (Not Investing)
Topic: Qualified High Deductible Plan for HSA
Replies: 12
Views: 686

Re: Qualified High Deductible Plan for HSA

Be careful not to confuse deductibles with out of pocket max. If, as you state, your oop max is 13,800 that is too high to qualify for an HSA. "For 2019, the IRS defines a high deductible health plan as any plan with a deductible of at least $1,350 for an individual or $2,700 for a family. An H...
by earlyout
Mon Jan 20, 2020 3:45 pm
Forum: Personal Investments
Topic: How many months expenses held in cash in reirement
Replies: 46
Views: 2767

Re: How many months expenses held in cash in reirement

Almost 20 years into retirement and I keep only the cash needed for the next 2-3 months. When cash available gets below my needs for the next 30 days I sell something in a taxable account or take a distribution from an IRA. Why this? First of all, I want my funds invested and having idle cash sitti...
by earlyout
Mon Jan 20, 2020 11:38 am
Forum: Personal Investments
Topic: How many months expenses held in cash in reirement
Replies: 46
Views: 2767

Re: How many months expenses held in cash in reirement

Almost 20 years into retirement and I keep only the cash needed for the next 2-3 months. When cash available gets below my needs for the next 30 days I sell something in a taxable account or take a distribution from an IRA. Why this? First of all, I want my funds invested and having idle cash sittin...
by earlyout
Sat Dec 21, 2019 8:37 pm
Forum: Personal Consumer Issues
Topic: If you sell under $500 of stuff a year on ebay do you have to worry about sales taxes?
Replies: 20
Views: 2456

Re: If you sell under $500 of stuff a year on ebay do you have to worry about sales taxes?

Sales taxes are governed by the laws of your state and the state(s) where your customer(s) reside. You may have to do a lot of checking.
by earlyout
Thu Dec 12, 2019 6:25 pm
Forum: Investing - Theory, News & General
Topic: Different closing prices from Yahoo and Market Watach
Replies: 4
Views: 371

Re: Different closing prices from Yahoo and Market Watach

Checking Yahoo's listings of historical prices, they have the same closing prices for 11/27 and 11/29 for these MFs. Maybe their system had too much turkey on Thanksgiving.
by earlyout
Thu Dec 12, 2019 3:27 pm
Forum: Investing - Theory, News & General
Topic: Different closing prices from Yahoo and Market Watach
Replies: 4
Views: 371

Different closing prices from Yahoo and Market Watach

There is probably a simple answer but I was updating my portfolio spreadsheet this afternoon and noticed that Yahoo gives the closing price on 11/29/19 for DFA Emerging Markets Core (DFCEX), as 20.68 while Market Watch has a closing price of 20.45. There is a similar discrepency with DFA Intl Small ...
by earlyout
Mon Dec 09, 2019 2:18 pm
Forum: Personal Investments
Topic: CCRC Move and Cashing-out Portfolio CG – Pros vs Cons!
Replies: 31
Views: 2352

Re: CCRC Move and Cashing-out Portfolio CG – Pros vs Cons!

Wow, Bogleheads! …Rich, diverse views definitely helped us a whole lot…and hope, we all gained, as much. OP’s Update: • We’ve seen letters supporting tax credits, 35-40% on the entrance (non-refundable portion) and monthly fees, which makes zero-refund attractive, and moreover, the actuarial-insura...
by earlyout
Wed Nov 27, 2019 3:48 pm
Forum: Personal Consumer Issues
Topic: Disappointed in Silvercar by Audi
Replies: 11
Views: 1309

Re: Disappointed in Silvercar by Audi

If I underestand you post correctly, you were 8 minutes early checking in the car. You knew it was a 2 days free for a 4 day rental. Why didn't you just wait for 10 minutes before turning in the car and make it a 4 day rental?
by earlyout
Sun Nov 03, 2019 2:03 pm
Forum: Personal Consumer Issues
Topic: Water damage incident is giving me heartburn - please help
Replies: 14
Views: 2273

Re: Water damage incident is giving me heartburn - please help

Where do you live? The laws governing this type of damage vary from state to state. I own a condo in Georgia and have had similar flooding incidents 3 times in the last 8 years. Since it was impossible to prove negligence on the part of the HOA or of the owners of the condos above me where the water...
by earlyout
Sun Nov 03, 2019 1:49 pm
Forum: Personal Consumer Issues
Topic: Phone tech support
Replies: 6
Views: 487

Re: Phone tech support

If your carrier is Consumer Cellular just call their customer support number. They will send you a sim card for free and talk you through installation of the sim card (about a 2 minute operation). They will then assist you in moving the data from your old phone to your new phone. I recently went thr...
by earlyout
Fri Oct 25, 2019 3:12 pm
Forum: Personal Consumer Issues
Topic: Where do you buy eyeglass frames online?
Replies: 16
Views: 1592

Re: Where do you buy eyeglass frames online?

Regarding quality of lenses with EBD and Zenni, I have 4 or 5 pairs of glasses,some from Zenni and some from EBD. I don't know the source of any one pair without going back and looking at my records. I have excellent vision with my glasses and when I change from one pair to another, be it Zenni to e...
by earlyout
Sun Oct 20, 2019 12:17 pm
Forum: Personal Finance (Not Investing)
Topic: Help With Staying Above The ACA 138% Poverty Level
Replies: 7
Views: 1548

Re: HELP WITH STAYING ABOVE THE ACA 138% POVERTY LEVEL

Your assumptions about what is included in ACA MAGI are correct and yes, a distribution from a tradiotional IRA that is converted to a Roth IRA would be included in the ACA MAGI.