Search found 1425 matches

by earlyout
Sat Jul 18, 2009 1:53 pm
Forum: Personal Finance (Not Investing)
Topic: Buying without an agent - experiences, tips, guides.
Replies: 38
Views: 5561

I agree that if you know what you're doing and know what you want, a buyer's agent often does not add value. However, be careful of this. If you are looking at a house that is listed by a seller's agent, and you contact that agent directly, they are going to push like heck to sell you that house. T...
by earlyout
Mon Jul 13, 2009 3:11 pm
Forum: Personal Finance (Not Investing)
Topic: Question about SS and early retirement
Replies: 4
Views: 1408

Social Secuity Calculator

The SSA website has a detailed calculator that will allow you to enter your earnings record and calculate the benefit. You can use the earnings record included on your SSA benefits estimate.

EO
by earlyout
Fri Jul 10, 2009 7:12 am
Forum: Personal Consumer Issues
Topic: Windows and Winter...
Replies: 5
Views: 1411

Are the units heated with natural gas? I don't know if it is still possible but it used to be possible to call the gas companies and get an estimated annual gas bill for almost any address. Ask the gas company if they have a "budget plan" whereby you would make equal monthly payments for 1...
by earlyout
Mon Jul 06, 2009 7:06 am
Forum: Personal Investments
Topic: Social Security: 62 vs. 66
Replies: 74
Views: 15943

Re: File, Repay, Taxes, and couples filing jointly?

1) We are in HIGH TAX BRACKET. ... do those taxes paid get "recovered" somehow when she repays total SS received and refiles at higher spousal (based upon His age 70 benefit)[/b] See page 15 of publication 915. You figure your tax two ways and use the method that gives you the lower total...
by earlyout
Sat Jul 04, 2009 8:03 pm
Forum: Personal Finance (Not Investing)
Topic: Early Social Security Benefit Quandry
Replies: 24
Views: 4565

Very good stuff again. Thank you all! Anyone have feedback on the question from rcshouldis above ---"Is it better to start taking withdrawls from your IRA or 401K at 62 and delay SS until 66 or leave the IRA alone and instead elect to receive SS at 62?" I was also wondering if we did forg...
by earlyout
Fri Jul 03, 2009 10:39 am
Forum: Personal Consumer Issues
Topic: Pressure washers and detergents
Replies: 7
Views: 1858

What are you trying to remove? If you are trying to remove mold and fungus from brick or concrete, use a hand pump sprayer and wet the surface with a 10% bleach solution (9 parts water, 1 part bleach) and let it sit for 5-10 minutes. Use the reciprocating wand at a distance of about 1 foot. The bric...
by earlyout
Thu Jul 02, 2009 7:34 am
Forum: Personal Finance (Not Investing)
Topic: Tax puzzle: Only $10K in taxes MFJ, what's the most income?
Replies: 7
Views: 1522

You could have both of them pay alimony. If they each paid $1000 / month that would be another $24,000 of untaxed income. With a little effort, I'm sure their total income could be over $200,000.
by earlyout
Tue Jun 30, 2009 5:02 pm
Forum: Personal Finance (Not Investing)
Topic: Firefox 3.5 available
Replies: 47
Views: 7513

I loaded Firefox 3.5 on Vista this afternoon. No problems except the list of sites that used to be available when I click on the small down arrow at the right end of the Location Bar is gone. Anyone else have this problem? Is there a fix? Thanks. EO edit: The setting for Tools/Options/Privacy/Locati...
by earlyout
Sun Jun 28, 2009 1:01 pm
Forum: Personal Finance (Not Investing)
Topic: Tax after EGTRRA sunsets in 2010?
Replies: 9
Views: 1984

See the reference page in the Fairmark site.

EO
by earlyout
Mon Jun 22, 2009 5:38 pm
Forum: Investing - Theory, News & General
Topic: Should Vanguard be able to protect its customers from Fraud?
Replies: 22
Views: 4178

I just heard from a Mr. Buckner who says he owns phone security at Vanguard. I told him to listen to the recording of the call I got and see if I am asking too much to cover my rear by verifying who's calling me. How hard is this? Phones are not new, vanguard is not new, and unfortunately, phone sc...
by earlyout
Sat Jun 20, 2009 5:59 am
Forum: Personal Finance (Not Investing)
Topic: Yahoo Finance Chart Problem
Replies: 4
Views: 1961

If you clear you browser cache before making the first plot does reloading/refreshing still change the chart?
by earlyout
Fri Jun 19, 2009 3:05 pm
Forum: Personal Finance (Not Investing)
Topic: Yahoo Finance Chart Problem
Replies: 4
Views: 1961

Time span

I've also noticed this but I think it is a function of the time span. If your plot covers more than a few years it is probably using end of month data, over one or two years, end of week closing data. Even over a few months, it may just use every second or third day. Bandwidth is expensive and the f...
by earlyout
Tue Jun 16, 2009 2:04 pm
Forum: Personal Consumer Issues
Topic: Excel Help
Replies: 4
Views: 1018

or set A1 to

=VLOOKUP(YEAR(TODAY()),Sheet2!A1:B8,2)

(This covers the years 2009-2016 but you can adjust the range A1:B8 to include the size of your table.)
by earlyout
Thu Jun 11, 2009 1:11 pm
Forum: Forum Issues and Administration
Topic: What happened to the "practice posting" board?
Replies: 3
Views: 1522

The thread you are looking for is here. Don't know why it is a sticky in the "Personal Finance" section.
by earlyout
Wed Jun 10, 2009 11:48 am
Forum: Personal Investments
Topic: Questions re RMD and Medicare part B
Replies: 7
Views: 1616

hex,

You may find this article interesting. It discusses estimated Part B premiums for new enrollees.

EO
by earlyout
Tue Jun 09, 2009 11:37 am
Forum: Personal Investments
Topic: Questions re RMD and Medicare part B
Replies: 7
Views: 1616

Many company sponsored health insurance plans require a spouse to start Medicare when they reach 65. I assume your spouse's plan does not. However, your Medicare Part B premium may be considerably higher due to the penalty for not starting when you were 65. The next open enrollment period is not unt...
by earlyout
Mon Jun 08, 2009 11:07 am
Forum: Personal Finance (Not Investing)
Topic: calculating investment rate when paying off PMI
Replies: 8
Views: 2160

Time is an important consideration (like it always is). What is the shortest time it would take you to get rid of PMI? Remember you are getting NOTHING for the PMI payments. This is not the same question as paying off a mortgage vs investing the money. If you use a spreadsheet program you could easi...
by earlyout
Sat Jun 06, 2009 1:00 pm
Forum: Personal Finance (Not Investing)
Topic: IRS Problem
Replies: 5
Views: 1632

Have you asked the company for a corrected W2 with the retirement box not checked? This may be better than the letter.

EO
by earlyout
Fri Jun 05, 2009 8:29 am
Forum: Personal Investments
Topic: Anybody else doing the same?
Replies: 23
Views: 3540

Sounds like market timing under the guise of AA modification. How did you arrive at 33% equities? Did you set your AA first and then sell off equities to get there or vice-versa?

EO
by earlyout
Thu Jun 04, 2009 10:21 am
Forum: Personal Finance (Not Investing)
Topic: Trying to buy a home before it goes on the market
Replies: 20
Views: 3174

One approach would be to use an attorney with good experience in local real estate transactions. If you already have a local banking relationship and you have talked to them about a mortgage, they may be able to suggest an attorney. It will probably be less expensive to hire an attorney than to use ...
by earlyout
Wed Jun 03, 2009 2:08 pm
Forum: Personal Finance (Not Investing)
Topic: Resources for deciding W2 vs 1099 Independent Contractor
Replies: 18
Views: 3616

FICA

What happens to your FICA tax? If you are paid with a 1099 you will pay both halves of your FICA tax. If you are paid on a W-2 you only have to pay your half. The vendor would pay the other half.


EO
by earlyout
Fri May 29, 2009 4:17 pm
Forum: Personal Finance (Not Investing)
Topic: Millions Face Reduced Social Security Checks in 2010
Replies: 25
Views: 5201

I think this only applies to those high income individuals that pay a premium for Medicare Part B. If I recall correctly, any yearly increase in Medicare premiums cannot be larger than the Social Security COLA. Perhaps someone can provide a reference.

EO
by earlyout
Wed May 27, 2009 7:18 am
Forum: Personal Consumer Issues
Topic: Anti-virus software choice?
Replies: 75
Views: 19025

A Suggestion

Hex, I don't know if you are running Vista or XP but configuring AVG 8 following the suggestions in the TweakGuides for your OS will help (See the box in the upper right corner of the page). The Tweak Guide gives suggestions on how to configure AVG. I was about give up on AVG when version 8 was real...
by earlyout
Sat May 23, 2009 6:48 pm
Forum: Personal Finance (Not Investing)
Topic: Reduced SS working benefits are not lost, so apply at 62
Replies: 12
Views: 2556

Rich,

This is a much discussed topic and there have been several long and detailed discussions on this forum and on the M* Investing in Retirement forum over the past 4-5 years. A recent threadon this forum makes good reading.

EO

edited to correct typo
by earlyout
Fri May 22, 2009 7:40 am
Forum: Personal Finance (Not Investing)
Topic: Formating Excel data in posts, & how to attach graphics
Replies: 32
Views: 5581

Earlyout and others... thanks for the info. I would like to show a EF Curve type display from excel results (return/volatility) but using US/International Slice & Dice data instead of just Large Cap Market Data. In the excel sheet ... I have the CAGR plotted, but how to I tie that to the StDev ...
by earlyout
Fri May 22, 2009 7:38 am
Forum: Personal Finance (Not Investing)
Topic: Formating Excel data in posts, & how to attach graphics
Replies: 32
Views: 5581

Regarding the extra html pointed out above by TrevH. I just realized I posted the incorrect information in my first reply to the OP. If you are using Tinypic, copy the "IMG" link, not the "html" link as I stated. When you paste this "IMG" link into your note do not use ...
by earlyout
Thu May 21, 2009 7:48 pm
Forum: Personal Finance (Not Investing)
Topic: Formating Excel data in posts, & how to attach graphics
Replies: 32
Views: 5581

The following is from CNET. Google Snipping Tool. Highlight added w/ Snipping Tool.

Image
by earlyout
Wed May 20, 2009 10:39 am
Forum: Investing - Theory, News & General
Topic: Is starting SS early always the right thing to do?
Replies: 76
Views: 9875

Let's look at a quick example of how this may play out. Married couple, both 62, both with PIA of $2000/month. Both retired. Assume 0% inflation -- no SS cola -- and 2% tax free interest on savings. Case 1. One spouse starts to receive SS benefit at age 62 ($1500 /month). At age 66, the other elects...
by earlyout
Thu May 14, 2009 2:22 pm
Forum: Personal Investments
Topic: Roth Conversion This Year?
Replies: 3
Views: 1007

Look carefully at your actual marginal tax rate. Without the $20,000 Roth conversion in the 15% bracket you may find that less than 85% of your SS would be taxed. The extra taxable income from the Roth conversion could push your actual marginal rate to almost 28% (15 + 15 * 0.85).

EO
by earlyout
Wed May 13, 2009 9:17 am
Forum: Personal Consumer Issues
Topic: Page loads very slow
Replies: 8
Views: 1994

No problem here. Using AT&T DSL and Firefox 3.
by earlyout
Tue May 12, 2009 1:20 pm
Forum: Personal Finance (Not Investing)
Topic: Spousal Roth
Replies: 3
Views: 1141

I think the question is whether or not the op can contribute to a spousal IRA even if his income is more than the limit. From Fairmark: "Of course this rule doesn't get you out of the other requirements. In particular, if the modified adjusted gross income on your joint return is greater than a...
by earlyout
Wed May 06, 2009 8:15 am
Forum: Personal Consumer Issues
Topic: 2010 Roth Conversion taxes
Replies: 27
Views: 3985

Two choices

If you convert $50,000 in 2010 you have two choices: 1. Include the entire $50,000 as 2010 income in the 2010 tax return you file in 2011. 2. Include 50% of the conversion ($25,000) as income in each of your 2011 and 2012 tax returns (filed in 2012 and 2013). You can do additional conversions in 201...
by earlyout
Tue May 05, 2009 3:49 pm
Forum: Personal Finance (Not Investing)
Topic: Turbotax question: error on Form 1116
Replies: 3
Views: 1522

Override?

I did not check my tax return to see how it was done so I don't know if it is a consistent error in TurboTax. If you want, you can always right click on line 17 and override the automatic entry. I would be careful though and make certain check that you are interpreting the instructions for the forei...
by earlyout
Thu Apr 23, 2009 9:17 am
Forum: Personal Investments
Topic: Traditional to Roth IRA Question
Replies: 4
Views: 1204

Since you already have a Roth IRA, it is usually recommended that you open a new Roth for the conversion. This way, any subsequent recharacterization will be more straightforward.

EO
by earlyout
Mon Apr 20, 2009 3:53 pm
Forum: Personal Finance (Not Investing)
Topic: IRA transfer nets me big IRS tax bill
Replies: 20
Views: 4349

Tax reporting

Did you report the distribution and the rollover on your 2007 tax return? The IRS received their version of the 1099R for the distribution from the bank and should have sent you a 1099R for the distribution from your IRA. As SSCRITIC mentions, you have to report the rollover on your tax return. It m...
by earlyout
Tue Apr 14, 2009 8:07 pm
Forum: Personal Finance (Not Investing)
Topic: Ok to copy driver's license—What do you think?
Replies: 38
Views: 22837

Does your driver's license still contain your SSN? If so, I would be concerned. My driver's license has a license number, my name and address, and my picture. It doesn't bother me if a hotel clerk wants a copy. We used to give our license number frequently when we wrote more checks than we do today....
by earlyout
Wed Apr 08, 2009 11:30 am
Forum: Personal Consumer Issues
Topic: What is "fine tuning" worth?
Replies: 12
Views: 2476

I'm sure you will see a variety of very valid opinions expressed here about what you should do with your asset allocation. They will certainly not all agree and you will probably still be wondering what is best for you. My suggestion would be to read Rick Ferri's book, "All About Asset Allocati...
by earlyout
Mon Apr 06, 2009 12:38 pm
Forum: Personal Investments
Topic: e-filing Federal tax return
Replies: 8
Views: 3562

The e-filing process reduces a tax return to a very specifically defined data file. It is just the numbers and (some of) the text you enter on a tax return. This data file is then processed by the IRS. AFAIK there is no mechanism for including an attachment to the file.
by earlyout
Mon Apr 06, 2009 8:21 am
Forum: Personal Investments
Topic: e-filing Federal tax return
Replies: 8
Views: 3562

Try it and see if it works.

Why not just try to e-file without your statements? You trust TaxCut to ask the right questions and do the calculations correctly. Trust it to send in the needed information. A tax return that is submitted for efiling is checked for completeness and consistency and then either accepted or rejected. ...
by earlyout
Wed Apr 01, 2009 8:23 am
Forum: Personal Finance (Not Investing)
Topic: Change domicile for purposes of Roth conversion?
Replies: 17
Views: 2252

Roths and Estate Taxes

One of your arguments for doing the conversion is to save on estate taxes. This is not straight forward and readers should be aware that Roth IRAs are not excluded from estate tax. As you point out, a Roth conversion lowers estate taxes to the extent that the estate is smaller because of the income ...
by earlyout
Sat Mar 28, 2009 11:31 am
Forum: Personal Consumer Issues
Topic: Internet Explorer 8
Replies: 39
Views: 7536

You are correct, this is not an either/or situation. It works very well to have more than 1 internet browser installed. You can even run more than one at a time if you want and that is what happens when you use the Firefox add-on "IE View" to look at a site in IE.
by earlyout
Wed Mar 25, 2009 1:01 pm
Forum: Personal Finance (Not Investing)
Topic: Figuring out net income
Replies: 5
Views: 1617

If you have no adjustements to your gross income, starting with your AGI should work well. However, if line 22 of your 1040 is not the same as line 37, I would start with your gross income, line 22. You will have to consider each of your income adjustments (lines 23-35) individually and decide how t...
by earlyout
Mon Mar 23, 2009 8:38 am
Forum: Personal Consumer Issues
Topic: Excel Question
Replies: 4
Views: 1301

Help us out and post the answer if you find out how to retrieve the data.

Thanks.
by earlyout
Sun Mar 22, 2009 3:14 pm
Forum: Personal Investments
Topic: If someone handed you $50K tomorrow, how would you invest it
Replies: 49
Views: 8077

Okay, I'll pay taxes first. The rest would be used for rebalancing so I would buy equity funds per my AA.
by earlyout
Fri Mar 20, 2009 10:17 am
Forum: Personal Finance (Not Investing)
Topic: Big IRA Convert to Roth?
Replies: 4
Views: 1173

Keep in mind that if you convert in 2010, you have the option of declaring all of the conversion income in 2010 or you can split the conversion income between 2011 and 2012. This may not be wise if tax rates increase significantly starting in 2011.

EO
by earlyout
Wed Mar 18, 2009 7:50 am
Forum: Personal Investments
Topic: Spreadsheet Yahoo link update problems? look here:
Replies: 4
Views: 1272

I pull quotes and historic data from Yahoo into Excel spreadsheets using VBA code extracted from Grummy's spreadsheets. That programming still works fine.

EO
by earlyout
Mon Mar 16, 2009 9:48 am
Forum: Personal Finance (Not Investing)
Topic: Early Retirees: Do you keep your disability policies?
Replies: 8
Views: 1860

I think you need to take a good look at the policy to make certain it still provides the coverage you may need. Personally, I dropped disability insurance when I retired at 58. If you go back to work could you get the job described in the disability policy? Would the policy pay if you had a similar ...
by earlyout
Wed Mar 11, 2009 2:49 pm
Forum: Personal Investments
Topic: Form 1065 (Schedule k-1) from Powershares DBC etf
Replies: 10
Views: 6729

Al is correct. If this etf was held in an IRA the K-1 was sent for information purposes only and should not be included in your tax return.
by earlyout
Wed Mar 11, 2009 2:13 pm
Forum: Personal Investments
Topic: Form 1065 (Schedule k-1) from Powershares DBC etf
Replies: 10
Views: 6729

The information from the K-1 does not include the capital gain or loss on your purchase and sale of the fund. The information for your sale of the fund should have been reported to you on 1099B. The sales information from the 1099B, along with the basis, should be reported on Schedule D. Note that s...