Search found 6860 matches

by pshonore
Tue Jul 28, 2009 12:57 pm
Forum: Personal Finance (Not Investing)
Topic: What pension choice should I make? Survivor benefit
Replies: 22
Views: 5296

You are right. Teachers who do not get social security do not pay into it. But I think the OP was referring to the surviving spouse benefit. It is unclear why a surviving spouse would not get a SS residual. Teacher Actually, my wife is a teacher who never paid into SS, at least not her teaching ear...
by pshonore
Tue Jul 28, 2009 11:47 am
Forum: Personal Investments
Topic: Retail fund with the highest expected return?
Replies: 30
Views: 5568

Mutual Shares (MUTHX) 12%+ annualized return for the past 60 yrs. Just celebrated its 60th birthday.

http://news.morningstar.com/articlenet/ ... 1247337636
by pshonore
Tue Jul 28, 2009 11:34 am
Forum: Personal Finance (Not Investing)
Topic: What pension choice should I make? Survivor benefit
Replies: 22
Views: 5296

What pension choice should I make? Survivor benefit

I will be turning 65 shortly and have to make a choice about my pension. I retired a few years ago and and at that time received the typical pension based on years of service, average salery etc. Now at age 65 I have to make the choice to continue that amount as a Single Life Annuity (paid to me for...
by pshonore
Tue Jul 28, 2009 10:28 am
Forum: Investing - Theory, News & General
Topic: CFTC report blames speculators for oil price swings
Replies: 78
Views: 7178

Re: speculators are the demand

Maybe it's just semantics, but it bothers me when people separate "speculation" from "supply and demand" like they are two separate things. Speculators are buying something because they expect it to increase in value, not because they want to use it. However, they increase demand (and prices) just ...
by pshonore
Mon Jul 27, 2009 7:12 pm
Forum: Personal Finance (Not Investing)
Topic: 401k to Roth conversion
Replies: 3
Views: 1864

Re: 401k to roth

Thanks for reply, Livesoft. That is what I expected about the appreciated stock. Just curious since I have previously taken highly appreciated stock (at original basis) from 401k against tax-paid balance. Later sold and paid FIT based on the NUA gains. Conversion in 2010 (or any other time) would h...
by pshonore
Mon Jul 27, 2009 11:23 am
Forum: Personal Finance (Not Investing)
Topic: Expensive Bike Stolen - Should I File Insurance Claim?
Replies: 16
Views: 6665

Re: Expensive Bike Stolen - Should I File Insurance Claim?

The principal reason for having renters or condo insurance is coverage for liability claims BruceM I would say the principal reason to have renters or condo insurance is to replace damaged personal property and/or interior structural damage (in the case of a condo), primarily due to fire, etc. I do...
by pshonore
Thu Jul 23, 2009 9:33 pm
Forum: Personal Finance (Not Investing)
Topic: Able to request will of deceased relative?
Replies: 21
Views: 3797

Believe it or not I just did it albeit with $2 million. Nothing but a death certificate was required. Courts have nothing to do with transferring TOD property. Also, state courts are not in the business of enforcing Federal tax laws. John Here's a quote from the VG TOD policy It is the responsibili...
by pshonore
Thu Jul 23, 2009 6:12 pm
Forum: Personal Finance (Not Investing)
Topic: Able to request will of deceased relative?
Replies: 21
Views: 3797

I didn't say the Court figured the tax but rather that someone in an official capacity has to certify the tax (as calculated by the attorney or executor) is or is not due and until that happens, the court will not approve any transfers. Say for example, I have $10mill in a taxable VG brokerage accou...
by pshonore
Thu Jul 23, 2009 5:32 pm
Forum: Personal Finance (Not Investing)
Topic: Experience with Redfin or Zip Realty?
Replies: 2
Views: 1401

Depends on whats included in the price. Does it include advertising? Do they show the buyers your condo or do you, etc? Most full service brokers include that stuff but Redfin is obviously not full service. By the way, if you go with a full service broker, it will probably run 5-6% although you can ...
by pshonore
Thu Jul 23, 2009 9:02 am
Forum: Personal Finance (Not Investing)
Topic: Able to request will of deceased relative?
Replies: 21
Views: 3797

This will was not probated and my county court claims no estate. I happen to know that there was a will and want to obtain a copy. Roosevelt. If you feel someone is wrongfully suppressing the will you might have cause for a criminal charge. There is no duty to probate a will if there is no need to ...
by pshonore
Wed Jul 22, 2009 8:47 pm
Forum: Personal Finance (Not Investing)
Topic: Health insurance while moving out of state
Replies: 7
Views: 2200

Re: COBRA when leaving a job voluntarily?

Yes, COBRA is available whether you quit or otherwiise leave the employer. The problem may be that the plan of the employer may not have coverage in the other state. You may be in for some sticker shock. When I retired, (in Connecticut) Cobra continuation was about $15K for a married couple from my...
by pshonore
Tue Jul 21, 2009 10:14 am
Forum: Personal Investments
Topic: Low Cost Broker that Reinvests Dividends
Replies: 6
Views: 1464

Not sure if you consider Fido low cost, but they will certainly reinvest divis at no cost for most stocks
by pshonore
Tue Jul 21, 2009 10:09 am
Forum: Personal Finance (Not Investing)
Topic: Taxes on an RMD
Replies: 6
Views: 2188

Generally speaking, if the total of one-half of her SS benefits added to any other income items reported on her taxes PLUS any tax exempt interest exceeds $25000, then some portion of her SS benefits will be taxable. This assumes she is single filing status and has no unusaul items on her tax return...
by pshonore
Sun Jul 19, 2009 5:17 pm
Forum: Personal Finance (Not Investing)
Topic: File and suspend Social Security
Replies: 17
Views: 5633

To give you another possible option you might see if my own family plan fits your situation. My DW turns 66 in 3 months and I do 3 months after that. At 66 she will take SS benefits on her earnings. This will amount to just a little less then she would get claiming on my FRA benefits. She can't get...
by pshonore
Sun Jul 19, 2009 5:04 pm
Forum: Investing - Theory, News & General
Topic: Real estate agents = Worthless?
Replies: 31
Views: 7846

The only potential benefit that could be gleaned from such a situation would be where the buyer manages to negotiate a reduction in the purchase price in exchange for the listing agent's agreement to take only the usual 3 percent cut. While this makes all the theoretical sense in the world, it's no...
by pshonore
Sun Jul 19, 2009 2:24 pm
Forum: Personal Consumer Issues
Topic: Financial records management
Replies: 31
Views: 4631

I believe that starting in 2014, all brokers must report basis for any sale on a 1099B so you won't have to keep your own records (as long as you trust theirs). Thats going to be a real can of worms. Fido actually does a good job of tracking it right now but Ameritrade doesn't have a clue.
by pshonore
Sun Jul 19, 2009 2:17 pm
Forum: Personal Investments
Topic: Which Retirement Plan for my self employed work?
Replies: 21
Views: 2759

Well, clearly based on pshonore's post it's more complicated than I thought. I have a SEP IRA and was told by my accountant that the employer contribution can be 25% of my salary. That's what I am going with, and if I ever get audited it will be a legitimate defense. I'm a busy small businessman an...
by pshonore
Sun Jul 19, 2009 11:34 am
Forum: Personal Investments
Topic: Which Retirement Plan for my self employed work?
Replies: 21
Views: 2759

I could still put ~$4k in the SEP-IRA even though I'm putting $16.5k into the 401k, correct? Pub 590 seems to say you're limited to 20% of the net after its been reduced by self employment tax (unless you maxed out SS in your regular job) And Wikipedia says: Self-employed The contribution limit for...
by pshonore
Sat Jul 18, 2009 2:40 pm
Forum: Investing - Theory, News & General
Topic: Real estate agents = Worthless?
Replies: 31
Views: 7846

Her view was that the late 90s real estate boom caused a lot of people to become RE agents and most of them were in for the quick buck without placing customers first. She said that if you really take care of customers, they'll refer more people to you, and its this trust that keeps steady business...
by pshonore
Sat Jul 18, 2009 2:27 pm
Forum: Personal Finance (Not Investing)
Topic: I bought this TIP bond
Replies: 8
Views: 1631

Now the big question from a TIPS "novice". How much will he get at maturity on 1/15/2010? I would guess 6 months interest at 4.25% on the 5K (roughly $106) plus $6345 + an adjustment for any change in the CPI from 7/15/09 through 1/15/2010 (up or down) ??
by pshonore
Sat Jul 18, 2009 1:58 pm
Forum: Personal Finance (Not Investing)
Topic: Buying without an agent - experiences, tips, guides.
Replies: 38
Views: 5561

I think you're going to find that in most cases, the seller has signed a listing contract to pay 5 or 6% to the selling agency. By convention, the selling agency is going to split this 50/50 with the agency that actually produces a buyer and/or the buying agent. I sold houses in the late 80's before...
by pshonore
Thu Jul 16, 2009 6:02 pm
Forum: Personal Investments
Topic: 403b retirement accounts and load funds
Replies: 7
Views: 1407

Your employer (emphasize EMPLOYER) is supposed to supply you with information on your plan including summary plan descriptions, annual reports, etc. When my wife inquired several years ago, about a 403b plan in her school system, she was handed a sheet of paper with approx 10 names (almost all "loa...
by pshonore
Thu Jul 16, 2009 5:31 pm
Forum: Personal Investments
Topic: Need Help for Terminally Ill Friend
Replies: 15
Views: 2506

Re: Need Help for Terminally Ill Friend

[Also, if any of the funds have significant unrealized capital gains, selling now would generate unnecessary taxes. His heirs would get a step-up in cost basis by inheriting the funds. That only applies to ones in taxable accounts, of course. On the other hand, in the unlikely event he has losses, ...
by pshonore
Thu Jul 16, 2009 9:21 am
Forum: Personal Finance (Not Investing)
Topic: Tax Loss Harvesting and Reinvesting Dividends
Replies: 2
Views: 1047

Re: Tax Loss Harvesting and Reinvesting Dividends

I reinvest dividends on stocks in my taxable account. When I retire, my intent is to distribute the dividends and use them for living expenses. In a recent thread, I thought I read a comment that you can't sell a stock and tax loss harvest if you reinvest dividends in the year before you sell. Is t...
by pshonore
Thu Jul 16, 2009 8:00 am
Forum: Investing - Theory, News & General
Topic: New York Times article on when to take Social Security
Replies: 16
Views: 3212

Re: Social Security is Means Tested on the Way In

We should also include the money that is not paid out to those who die before they collect (may have to increase for those dead that currently collect), especially certain portions of the US population that have lower life expectancy rates. My father died in his late 50s before collecting a penny i...
by pshonore
Thu Jul 16, 2009 7:29 am
Forum: Investing - Theory, News & General
Topic: New York Times article on when to take Social Security
Replies: 16
Views: 3212

Almost certainly something related to income as Big Uncle has no easy way to determine your assets. And don't forget non-taxable interest (ie. Munis) has to be reported.
by pshonore
Thu Jul 16, 2009 7:25 am
Forum: Personal Consumer Issues
Topic: Email services
Replies: 41
Views: 5657

It may not matter, but I don't connect via the Verizon webmail (even though I know it's there); I pull my mail directly from the Verizon POP3 server via my PC's mail program (if that makes a difference). I'm with you Ron. Call me old fashioned, but I use Mozilla Thunderbird to "read" all my mail. I...
by pshonore
Tue Jul 14, 2009 1:26 pm
Forum: Personal Consumer Issues
Topic: Why can't we rent a car in Hartford, CT on July 15th?
Replies: 9
Views: 1904

Trust me, there are no big dealerships in Hartford. Buick dealer closed about 6 months ago as did the Saturn dealer. Maybe in East Hartford. Have you tried Enterprise? They seem to have a big presence in the area.
by pshonore
Tue Jul 14, 2009 10:30 am
Forum: Personal Investments
Topic: help finding threads on taxes & selling stock at loss
Replies: 5
Views: 1061

Tax loss harvesting can only be done in taxable accounts. You cannot harvest tax losses in tax advantaged accounts (401k, IRA etc). Technically, you can harvest losses in a Roth IRA. However, any loss becomes a Misc Deduction on Sched A (subject to 2% of AGI) and there are lots of other complicatio...
by pshonore
Mon Jul 13, 2009 7:40 pm
Forum: Personal Finance (Not Investing)
Topic: IRA transfer nets me big IRS tax bill
Replies: 20
Views: 4345

The key here is all tax documents must be reported on your tax return. That means all W-2s, 1099R, 1099B, 1099Int, 1099Q, 1099Div, K1, 1099Misc, etc. The IRS gets electronic copies of all those and its a very simple matter to see if what they received adds up to whats on your tax return. It takes a ...
by pshonore
Mon Jul 13, 2009 3:56 pm
Forum: Investing - Theory, News & General
Topic: Financial math question: IRR
Replies: 8
Views: 1976

If those are your cashflows (-1000,200,300,300,300) the IRR is 3.71% according to Excel using the IRR function.
by pshonore
Sun Jul 12, 2009 3:51 pm
Forum: Personal Finance (Not Investing)
Topic: 529 Index Funds & Fees
Replies: 8
Views: 1936

One other thing to consider. In Connecticut, the official state sponsored plan gives a tax deduction by allowing all contributions to be deducted from State AGI (up to 10K per yr with carryover of excess) , thereby reducing your state tax bill. Might want to check and see if California does the same...
by pshonore
Sat Jul 11, 2009 4:40 pm
Forum: Investing - Theory, News & General
Topic: WSJ: At 80, Wellington Still Going Strong
Replies: 13
Views: 3274

Here's another comparison - Mutual Shares (MUTHX) just celebrated its 60th anniversary on July 1. It has an average annualized return of over 12%. Anyone know what Wellington did for the same period? I would bet their 1929 -1949 results weren't the greatest and might drag down the 80 year figure. Of...
by pshonore
Sat Jul 11, 2009 4:25 pm
Forum: Personal Finance (Not Investing)
Topic: Social Security NYT 7-11-09
Replies: 16
Views: 2914

Re: Social Security NYT 7-11-09

Engineer wrote:Does this mean I can file and suspend at 66 and my wife would immediately draw 50% of my FRA benefit?
I think in order to get 50%, she has to be FRA; if she's 3 yrs younger she would 37.5% of your benefit
by pshonore
Sat Jul 11, 2009 12:01 pm
Forum: Personal Finance (Not Investing)
Topic: 37-42 inch lLCD TV - 720 or 1080p ????
Replies: 37
Views: 7105

The cable companies are mandated to provide all of the over the air digital broadcasts for the area unencrypted on the cable network. But are they mandated to provide it in HD? One limitation of these free HD channels is that the channel numbers for them will likely be strange. This is due to the f...
by pshonore
Sat Jul 11, 2009 11:45 am
Forum: Personal Finance (Not Investing)
Topic: Tax Credits on 2009 Federal Tax Return
Replies: 5
Views: 1644

Sounds right to me. There may be some kind of tie-in with AMT type limitation that limits the new vehicle credit - at least there has been in previous years. Energy Credit only applies to Window product purchase - not the installation, I believe.
by pshonore
Sat Jul 11, 2009 10:07 am
Forum: Personal Investments
Topic: Where to invest 15K needed in 5-10 years?
Replies: 22
Views: 4979

Fido sends me a lisitng of new Corporate Notes every week. Here's this week's sample (many more available): ================================ 0-10yrs Name Coupon Maturity Rating Call Protected Price John Deere Capital Corp 2.15% 07/15/2011 A2/A* Yes** 100.00 John Deere Capital Corp 3.40% 07/15/2013 A...
by pshonore
Sat Jul 11, 2009 8:30 am
Forum: Personal Finance (Not Investing)
Topic: 37-42 inch lLCD TV - 720 or 1080p ????
Replies: 37
Views: 7105

The adapter box is the TV tuner. Duhh... of course it is, (I realized that about 30 seconds after I made the post). Actually I have a USB tuner card for my PC. I imagine I will still need to install the cable "adaptor" . Could probably scrap the USB device except I use it to record TV shows to my h...
by pshonore
Sat Jul 11, 2009 7:58 am
Forum: Personal Finance (Not Investing)
Topic: 37-42 inch lLCD TV - 720 or 1080p ????
Replies: 37
Views: 7105

LadyGeek wrote: My PC's monitor has a composite video input. I'm using one of those "free" adapters to watch TV while I'm on the PC (Picture-In-Picture). Works fine.
How are you "tuning" the station?
by pshonore
Sat Jul 11, 2009 7:11 am
Forum: Personal Finance (Not Investing)
Topic: 37-42 inch lLCD TV - 720 or 1080p ????
Replies: 37
Views: 7105

Re: 37-42 inch lLCD TV - 720 or 1080p ????

Isn't there is a difference between receiving a Digital Signal from Cable versus getting a High Definition Program? You don't need a HD converter box to get Digital TV, but you do need a HD Box to get HD programming. Usually the Converter Box works with the TV to identify what kind of TV you have. ...
by pshonore
Fri Jul 10, 2009 6:14 pm
Forum: Personal Investments
Topic: Automatic reinvestment not recommended in Taxable Account?
Replies: 49
Views: 7139

I believe brokers are supposed to report basis starting in 2014 so all these problems will go away. NOT ! That's when you know what will really hit the fan. They have enough trouble getting 1099s right as it is with a new complication.
by pshonore
Fri Jul 10, 2009 12:35 pm
Forum: Personal Consumer Issues
Topic: Great Tax Credits, Should I get Solar Panels?
Replies: 50
Views: 11020

First, make sure those are refundable tax credits. I'm almost sure the Fed one is not, meaning your credit is limited to your tax liability. (Thats how most Federal tax credit work; two notable exceptions being the Earned Income Credit and the Additional Child Tax Credit) I have no idea if Oregon cr...
by pshonore
Fri Jul 10, 2009 7:09 am
Forum: Personal Finance (Not Investing)
Topic: 37-42 inch lLCD TV - 720 or 1080p ????
Replies: 37
Views: 7105

You mentioned going to HD later, but you might be able to get a few HD channels when you get the TV. I have basic cable (actually, *limited* basic) but that includes all of the over-the-air HD broadcasts in my area. I think the cable company is required to provide all of your local broadcast channe...
by pshonore
Thu Jul 09, 2009 2:32 pm
Forum: Personal Consumer Issues
Topic: Social Security cost-of-living increases...
Replies: 17
Views: 2469

Anyone thinking of doing a IRA to Roth conversion in 2010 (or later) might want to be aware of the possibility of causing a spike in your AGI such that you will be at risk of sharply higher Medicare B premiums a year or so down the road when SS becomes aware of it from your 2010 tax return. The numb...
by pshonore
Thu Jul 09, 2009 12:48 pm
Forum: Personal Consumer Issues
Topic: Social Security cost-of-living increases...
Replies: 17
Views: 2469

The latest news releases have said there will probably be NO COLA for 2010 and 2011 (mostly because there has been very little, if any, change in the CPI). That also means Medicare B premium cannot increase as well. That's what I've heard, too, except for the 2011 part. Here's another link mentioni...
by pshonore
Thu Jul 09, 2009 12:28 pm
Forum: Personal Consumer Issues
Topic: Social Security cost-of-living increases...
Replies: 17
Views: 2469

The latest news releases have said there will probably be NO COLA for 2010 and 2011 (mostly because there has been very little, if any, change in the CPI). That also means Medicare B premium cannot increase as well.
by pshonore
Thu Jul 09, 2009 8:04 am
Forum: Investing - Theory, News & General
Topic: Inherited Roth IRA - Required Minimum Distributions
Replies: 10
Views: 2976

Re: Inherited Roth IRA - Required Minimum Distributions

Why? Well it's not hard to guess that the govt doesnt want a billion dollar Roth passing generation to generation which could certinly happen over time Never really thought about that. Can a person who inherits a Roth bequeath it to someone else and it would pass tax free (income tax) except for an...
by pshonore
Wed Jul 08, 2009 5:34 pm
Forum: Personal Consumer Issues
Topic: I have a company interested in me as a consultant, how much
Replies: 11
Views: 2334

Also be aware that most consultants get paid on a 1099-Misc (not a W2). That means you pay 15.3 % SS/Medicare for starters and there is no withholding so you'd best be making quarterly payments to the IRS. Of course you get to deduct expenses, but those are typically not a big factor in your situati...
by pshonore
Wed Jul 08, 2009 12:50 pm
Forum: Personal Finance (Not Investing)
Topic: Term Life Insurance
Replies: 5
Views: 1213

I would think that if you are at the point where you are contemplating life insurance companies defaulting on your policy as soon as five years out, you shouldn't be buying life insurance at all. That said, why not spread the risk over a couple of providers rather than just one. Most insurers have ...
by pshonore
Wed Jul 08, 2009 11:21 am
Forum: Personal Consumer Issues
Topic: Should I pre-buy my Fuel Oil
Replies: 4
Views: 1411

Should I pre-buy my Fuel Oil

I can prebuy all my oil for $2.79/gal. Or I can buy a "cap" which gets me the current retail price on delivery date (but no higher than $2.79) for $199 or roughly 30 cents per gallon extra. (This year, the cap is a flat rate per customer and sounds like a terrible deal to me) Last year, prebuy was $...