Search found 263 matches

by humblecoder
Thu Dec 24, 2020 8:14 am
Forum: Personal Finance (Not Investing)
Topic: Running out of cash
Replies: 132
Views: 11315

Re: Running out of cash

What I meant is that up to $100K in assets are excluded for the purposes of SSI eligibility. This is what I meant when I used the term "shield". And by the way, I am the father of a special needs child, so you don't have to ABLE-splain me! :D One is the very intention of the law and the o...
by humblecoder
Thu Dec 24, 2020 12:35 am
Forum: Personal Finance (Not Investing)
Topic: Running out of cash
Replies: 132
Views: 11315

Re: Running out of cash

According to an ssa web site, ABLE is not to shield, but to ease financial strains faced by individuals with disabilities ... https://www.ssa.gov/ssi/spotlights/spot-able.html INFORMATION ABOUT TAX-FREE SAVING ACCOUNTS FOR DISABLED INDIVIDUALS The Stephen Beck, Jr., Achieving a Better Life Experien...
by humblecoder
Wed Dec 23, 2020 11:18 pm
Forum: Personal Consumer Issues
Topic: Tips for Frugal Living
Replies: 284
Views: 26596

Re: Tips for Frugal Living

Hi all, Confession: I'm a cheapskate. I used to be ashamed of it, but not after I realized it's less about how much money I save, but the idea that I'm saving with my frugal habits that's extremely satisfying. I can't help it...I just love to save :moneybag :sharebeer What are some frugal ideas and...
by humblecoder
Wed Dec 23, 2020 9:50 pm
Forum: Personal Finance (Not Investing)
Topic: Running out of cash
Replies: 132
Views: 11315

Re: Running out of cash

According to an ssa web site, ABLE is not to shield, but to ease financial strains faced by individuals with disabilities ... https://www.ssa.gov/ssi/spotlights/spot-able.html INFORMATION ABOUT TAX-FREE SAVING ACCOUNTS FOR DISABLED INDIVIDUALS The Stephen Beck, Jr., Achieving a Better Life Experien...
by humblecoder
Wed Dec 23, 2020 8:51 pm
Forum: Personal Finance (Not Investing)
Topic: Running out of cash
Replies: 132
Views: 11315

Re: Running out of cash

According to an ssa web site, ABLE is not to shield, but to ease financial strains faced by individuals with disabilities ... https://www.ssa.gov/ssi/spotlights/spot-able.html INFORMATION ABOUT TAX-FREE SAVING ACCOUNTS FOR DISABLED INDIVIDUALS The Stephen Beck, Jr., Achieving a Better Life Experien...
by humblecoder
Wed Dec 23, 2020 5:59 pm
Forum: Personal Finance (Not Investing)
Topic: Are these good enough reasons to change jobs?
Replies: 51
Views: 4009

Re: Are these good enough reasons to change jobs?

Current job Pros: - Stability (no growth too). - Great benefits & work-life balance. - Some sense of job security. - Pay is decent enough. - High performer (solve lots of problems). - work on latest cloud tech - Get lots of kudos lip service only :annoyed Cons: - Lots of favoritism/politics - h...
by humblecoder
Wed Dec 23, 2020 5:37 pm
Forum: Personal Finance (Not Investing)
Topic: What would you do if you're disappointed about this probable job rejection?
Replies: 22
Views: 2437

Re: What would you do if you're disappointed about this probable job rejection?

My thoughts: Each megacorp is different, but it is possible that they are done interviewing and are in the process of negotiating an offer to their first choice candidate (not you). The reason why you haven't gotten an official rejection yet could be that you are their second choice in case negotiat...
by humblecoder
Wed Dec 23, 2020 3:07 pm
Forum: Personal Finance (Not Investing)
Topic: Running out of cash
Replies: 132
Views: 11315

Re: Running out of cash

No one is suggesting that you are breaking the law. But you are getting a taxpayer-paid subsidy for health insurance designed for poor families - I'm sure you can see why that rubs some people the wrong way. You're not doing anything wrong, but that's a situation that was not contemplated by the AC...
by humblecoder
Wed Dec 23, 2020 3:04 pm
Forum: Personal Finance (Not Investing)
Topic: Running out of cash
Replies: 132
Views: 11315

Re: Running out of cash

No one is suggesting that you are breaking the law. But you are getting a taxpayer-paid subsidy for health insurance designed for poor families - I'm sure you can see why that rubs some people the wrong way. You're not doing anything wrong, but that's a situation that was not contemplated by the AC...
by humblecoder
Wed Dec 23, 2020 2:50 pm
Forum: Personal Finance (Not Investing)
Topic: Running out of cash
Replies: 132
Views: 11315

Re: Running out of cash

Im with Celia and Tony. You describe being cash poor, but you are actually playing games with the tax system to make a 6 figure income (im guessing 120k + ?) look like a poverty line income so you qualify for subsidies meant to give poor families access to healthcare. +1 This may sound a little har...
by humblecoder
Wed Dec 23, 2020 12:49 pm
Forum: Personal Investments
Topic: Does it make sense to shift savings from 401k to After Tax
Replies: 16
Views: 877

Re: Does it make sense to shift savings from 401k to After Tax

Thinking is we will hit a major tax bomb (2x SS, 2x small pension)later in retirement if we don't reduce our pre-tax. I agree with your 401k reasoning. I think you might want to reconsider your plan to not do Roth conversions when you can. Won't your real tax bomb be 2x SS + 2x pensions + 2x RMDs ?...
by humblecoder
Wed Dec 23, 2020 12:45 pm
Forum: Personal Investments
Topic: Does it make sense to shift savings from 401k to After Tax
Replies: 16
Views: 877

Re: Does it make sense to shift savings from 401k to After Tax

Hi everyone Rolling around the idea of reducing our 401K contributions in 2021. We are roughly 12-18 months from retiring, at which point we'll be 60(me) and 55 (Her). We have 35x our estimated retirement expenses (inc Healthcare) saved. we'll have 2x SS, and two small pensions, which i didn't coun...
by humblecoder
Wed Dec 23, 2020 10:20 am
Forum: Personal Consumer Issues
Topic: Where do you store gold?
Replies: 118
Views: 7931

Re: Where do you store gold?

I think it has been suggested before that an unmarked, dusty box in the attic or basement, mixed in with other unmarked boxes of junk, is a possible place. Or depending on where you live, you could go old-school and bury it. Like others have said, nobody can know. When I read this, I immediately th...
by humblecoder
Wed Dec 23, 2020 9:16 am
Forum: Personal Finance (Not Investing)
Topic: Starting a new business
Replies: 24
Views: 1453

Re: Starting a new business

Hi all, I am in the process of starting my own remodeling/ home renovation business, doing things like remodeling/renovations decks, patio covers etc. I am moving into this with a construction background even though my last decade has been in pest control sales. I make a pretty decent living but I’...
by humblecoder
Tue Dec 22, 2020 9:53 pm
Forum: Personal Consumer Issues
Topic: Where do you store gold?
Replies: 118
Views: 7931

Re: Where do you store gold?

I've received an unexpected inheritance of gold. I'm not sure if I'm measuring it the right way but I just put everything on the kitchen scale and it is about 70 ounces of gold. Neither my husband or I have owned any gold before this so we're not sure what to do with it or where to store it. I was ...
by humblecoder
Tue Dec 22, 2020 1:25 pm
Forum: Personal Investments
Topic: Should my child keep leftover 529 funds for investment?
Replies: 24
Views: 1495

Re: Should my child keep leftover 529 funds for investment?

My five year old daughter will most likely have in excess of $500,000 in 529 funds to work with by the time that she is 18. Someday I do not want her to view that money as merely being a ticket to go to a high priced status school to get a superfulous degree of some kind. I want her to be value con...
by humblecoder
Tue Dec 22, 2020 10:58 am
Forum: Personal Investments
Topic: Do Bogleheads hire Financial Advisors? If so why?
Replies: 86
Views: 6144

Re: Do Bogleheads hire Financial Advisors? If so why?

I would think that as far as investing goes most forum members here are low cost indexers and DIYers. Are there still reasons you still might hire an advisor for reasons such as: drawdown strategies, tax efficiency, estate planning or preventing behavioral finance mistakes, or, some other reason? H...
by humblecoder
Tue Dec 22, 2020 10:19 am
Forum: Personal Finance (Not Investing)
Topic: Suggestions for my MIL
Replies: 29
Views: 2417

Re: Suggestions for my MIL

My mother is a little younger, but has the same mentality (child of depression parents, afraid of the stock market, etc). She has almost all of my parent's wealth in CD's. When my dad was healthy, he had some money in stock mutual funds as well, but since he now has dementia, my mom has been slowly ...
by humblecoder
Sun Dec 20, 2020 6:11 pm
Forum: Personal Finance (Not Investing)
Topic: Special Needs Trust Tax Strategies
Replies: 21
Views: 1351

Re: Special Needs Trust Tax Strategies

MtnBiker: This is really awesome information. Thank you for posting. I have been doing some research on SSDI. Even though we are many years away from Social Security, I wanted to get some idea of what our cash flow would look like once we took it. The other item that I learned is that the spouse who...
by humblecoder
Sun Dec 20, 2020 8:14 am
Forum: Personal Finance (Not Investing)
Topic: Do my wife and I even need a traditional estate plan?
Replies: 78
Views: 3988

Re: Do my wife and I even need a traditional estate plan?

How about this, if you don't care what happens with your money after you and your wife die then I will pay for a lawyer to draw up the documents if I get to choose what those documents say happens once you and your wife die. Thanks for your offer. I respectfully decline. My primary concern regarded...
by humblecoder
Sun Dec 20, 2020 8:09 am
Forum: Personal Finance (Not Investing)
Topic: Do my wife and I even need a traditional estate plan?
Replies: 78
Views: 3988

Re: Do my wife and I even need a traditional estate plan?

An estate plan is more than a will. It also includes a power of attorney, living will/medical directives, etc. If you don't have these things in place, you are putting a burden on those that you are leaving behind to mange your affairs. I get that everything might be co-titled with your spouse, so y...
by humblecoder
Sun Dec 20, 2020 7:45 am
Forum: Personal Finance (Not Investing)
Topic: Retirement Cash Flow Analysis check
Replies: 8
Views: 861

Re: Retirement Cash Flow Analysis check

I know zero about eMoney. I am sure it is decent, but any modeling tool is only as good as the assumptions that you use. Stated another way: garbage in, garbage out! I use a combination of FireCALC, Personal Capital (the free tool - not the fee based financial planning offering), and a spreadsheet. ...
by humblecoder
Sat Dec 19, 2020 1:51 pm
Forum: Personal Finance (Not Investing)
Topic: Special Needs Trust Tax Strategies
Replies: 21
Views: 1351

Re: Special Needs Trust Tax Strategies

Interesting. I guess I'd like to see some specific guidance for homeowners (the one you pasted is for renters). For example, if I owned a home without a mortgage, could my disabled sister live in the home while only paying her share of property taxes, utilities and food? And what about if she has a...
by humblecoder
Sat Dec 19, 2020 12:10 pm
Forum: Personal Finance (Not Investing)
Topic: Special Needs Trust Tax Strategies
Replies: 21
Views: 1351

Re: Special Needs Trust Tax Strategies

<r><QUOTE author="terran" post_id="5670128" time="1608396124" user_id="60384"><s>[quote=terran post_id=5670128 time=1608396124 user_id=60384]</s> Thanks for the ABLE account food resources -- I'll need to look through those.<br/> <br/> As far as rent, you'd need to charge market rent to avoid ISM, s...
by humblecoder
Sat Dec 19, 2020 11:18 am
Forum: Personal Finance (Not Investing)
Topic: Special Needs Trust Tax Strategies
Replies: 21
Views: 1351

Re: Special Needs Trust Tax Strategies

There's also the consideration of paying tax on the rental income if the individual is living with the carer -- it might just make sense to give the person $300 rather than pay tax on phantom rental income (rental income that's recycled through the ABLE account to avoid SSI reduction). That's good ...
by humblecoder
Sat Dec 19, 2020 10:55 am
Forum: Personal Finance (Not Investing)
Topic: Special Needs Trust Tax Strategies
Replies: 21
Views: 1351

Re: Special Needs Trust Tax Strategies

Just to pile on as another late comer who isn't a professional but is a SNT trustee, I agree with these follow up posts that allowed distributions from a SNT should endanger medicaid, although the distributions for housing could (I tend to conflate SSI rules and medicaid rules though, as I have to ...
by humblecoder
Sat Dec 19, 2020 8:50 am
Forum: Personal Finance (Not Investing)
Topic: Special Needs Trust Tax Strategies
Replies: 21
Views: 1351

Re: Special Needs Trust Tax Strategies

My sister is receiving $12,960 annually from her SSDI, so the most that I could distribute to her via the trust would be $3,435 as her total annual income can't exceed $16,395 (2017 cap) and still qualify for Medi-Cal benefits. Responding to this thread 3 years too late to help the OP, but I am sur...
by humblecoder
Fri Dec 18, 2020 10:11 pm
Forum: Personal Finance (Not Investing)
Topic: New Boglehead seeking input on strategy
Replies: 22
Views: 1481

Re: New Boglehead seeking input on strategy

Welcome to forum. Making the move from what I assume is a high cost area to a low cost area is definitely smart financially. Where you live has a big impact on your finances, as you already know. The fact that you will be close to family is a bonus. In terms of what to do with your properties, consi...
by humblecoder
Fri Dec 18, 2020 9:25 am
Forum: Personal Finance (Not Investing)
Topic: Who Dropped the Ball? Condo Shared Terrace
Replies: 52
Views: 4785

Re: Who Dropped the Ball? Condo Shared Terrace

why would there be a door if you are not allowed to access. Sounds peculiar. It wouldn't be all that unusual if the locale requires two points of egress for fire safety reasons. The HOA in which I live has a similar situation - an emergency exits leads to property that isn't owned by the condo owne...
by humblecoder
Fri Dec 18, 2020 9:18 am
Forum: Personal Finance (Not Investing)
Topic: Who Dropped the Ball? Condo Shared Terrace
Replies: 52
Views: 4785

Re: Who Dropped the Ball? Condo Shared Terrace

Slightly off topic, but I am curious. How does this work as a point of egress in practice? Under normal circumstances, if I owned a condo with a shared terrace, I would keep the door locked from the inside as a security measure. That means that if there is an emergency, it requires that, first, som...
by humblecoder
Fri Dec 18, 2020 8:51 am
Forum: Personal Finance (Not Investing)
Topic: Who Dropped the Ball? Condo Shared Terrace
Replies: 52
Views: 4785

Re: Who Dropped the Ball? Condo Shared Terrace

why would there be a door if you are not allowed to access. Sounds peculiar. It wouldn't be all that unusual if the locale requires two points of egress for fire safety reasons. The HOA in which I live has a similar situation - an emergency exits leads to property that isn't owned by the condo owne...
by humblecoder
Thu Dec 17, 2020 6:18 pm
Forum: Personal Finance (Not Investing)
Topic: Planning and Paying for Irregular Purchases
Replies: 10
Views: 728

Re: Planning and Paying for Irregular Purchases

Hi everyone! Just wondering how people plan for and pay for things that might not fit into a "normal" or "routine" monthly budget, such as (but not limited to) the following: -New car (even if it's used, it's still "new" to you and I imagine many of you pay in all cash...
by humblecoder
Wed Dec 16, 2020 4:01 pm
Forum: Personal Finance (Not Investing)
Topic: cost of education
Replies: 59
Views: 3621

Re: cost of education

I went to a private university for my undergraduate education. I got about a "half scholarship" (mostly grants but some loans). However, that was still about twice the price of my home state's flagship university. However, I felt like I got value for my money. I know many people (including...
by humblecoder
Tue Dec 15, 2020 2:11 pm
Forum: Personal Finance (Not Investing)
Topic: Giving Retirement Notice - how did it go?
Replies: 114
Views: 9894

Re: Giving Retirement Notice - how did it go?

The OP is retiring from a Fed career. You may or may not have personal experience with that organization, but he's not being walked out the door. Things take time with the Feds and if you don't feel he shouldn't try to be courteous, then it that is just a point we'll have to disagree. Just like you...
by humblecoder
Tue Dec 15, 2020 12:59 pm
Forum: Personal Investments
Topic: best vanguard cost basis for my situation
Replies: 4
Views: 245

Re: best vanguard cost basis for my situation

hello all, been a lurker for a while--trying to gain much needed knowledge---so first time post here, regarding cost basis. i've had all my accounts (taxable, deferred, roth) at vanguard---the taxable account since before yr. 2000 (it consists of the value index fund, index 500 fund, and extended m...
by humblecoder
Tue Dec 15, 2020 9:55 am
Forum: Personal Finance (Not Investing)
Topic: Paying kids
Replies: 48
Views: 1819

Re: Paying kids

Hi, I understand the iffy nature of the question and the fact that one may not be able to give on paper answers. I will still ask the question anyway since the intent is noble and many others might have the same question. Situation: my spouse and I are a late 30s-early 40s couple blessed with a 5.5...
by humblecoder
Tue Dec 15, 2020 8:25 am
Forum: Personal Finance (Not Investing)
Topic: Giving Retirement Notice - how did it go?
Replies: 114
Views: 9894

Re: Giving Retirement Notice - how did it go?

No understand, just seems pretty crappy out there in the corporate world. But we are talking about someone retiring from a career and vs. giving standard notice, quitting, or being laid off. Seems retiring is a bit different than other scenarios, even in the corporate world?? Is it really "tha...
by humblecoder
Mon Dec 14, 2020 9:16 am
Forum: Personal Finance (Not Investing)
Topic: Giving Retirement Notice - how did it go?
Replies: 114
Views: 9894

Re: Giving Retirement Notice - how did it go?

The accepted norm in my organization is about 6 months up to a whole year (federal employees).....so 2 months (the time quoted to me to process my pension application) will seem quick to them. I guess Im in the minority view: I always find it interesting when people say "give them 2 weeks and ...
by humblecoder
Mon Dec 14, 2020 9:13 am
Forum: Personal Finance (Not Investing)
Topic: Giving Retirement Notice - how did it go?
Replies: 114
Views: 9894

Re: Giving Retirement Notice - how did it go?

The accepted norm in my organization is about 6 months up to a whole year (federal employees).....so 2 months (the time quoted to me to process my pension application) will seem quick to them. I guess Im in the minority view: I always find it interesting when people say "give them 2 weeks and ...
by humblecoder
Sun Dec 13, 2020 8:30 pm
Forum: Personal Finance (Not Investing)
Topic: Giving Retirement Notice - how did it go?
Replies: 114
Views: 9894

Re: Giving Retirement Notice - how did it go?

Another data point for my megacorp. For people are who are retiring, it usually takes our HR 45-60 days to process the paperwork and get the pension set up. Most people will burn accrued vacation time prior to their actual retirement date, so depending upon how many vacation days you have, you might...
by humblecoder
Sun Dec 13, 2020 8:11 am
Forum: Personal Finance (Not Investing)
Topic: SWE jobs career advice
Replies: 62
Views: 4153

Re: SWE jobs career advice

When I interview technical candidates, I ask them some general technical questions, just to get them talking tech with me. We talk about projects they've worked on, thorny problems they had to solve, hacks that they had to put in to get something to work. I treat it as a bunch of hackers talking sh...
by humblecoder
Sun Dec 13, 2020 12:57 am
Forum: Personal Finance (Not Investing)
Topic: SWE jobs career advice
Replies: 62
Views: 4153

Re: SWE jobs career advice

Don't get down or discouraged. Those "puzzle" programming interviews tell you a lot about the company. Those types of interviews are crap in my opinion and I wouldn't want to work for a company that wouldn't hire you because you didn't memorize how to implement a quick sort from scratch or...
by humblecoder
Sat Dec 12, 2020 6:13 pm
Forum: Personal Finance (Not Investing)
Topic: [Can I Retire In 4 Years?]
Replies: 8
Views: 2129

Re: 4 More Years??

Is there a reason you are nearly 100% stocks so close to retirement? They have $515K in money market and CD's in non-retirement fund, so they are about 75/25. Perhaps a tad high for somebody who is 4 years out from retirement, but risk tolerance is a personal thing. That said, from a tax efficiency...
by humblecoder
Sat Dec 12, 2020 2:30 pm
Forum: Personal Finance (Not Investing)
Topic: 50x milestone, and purposeful lifestyle inflation
Replies: 20
Views: 1808

Re: 50x milestone, and purposeful lifestyle inflation

"Purposeful lifestyle inflation". That's an interesting phrase! :happy If you are happy with your lifestyle, then you shouldn't feel any pressure to inflate it. On the other hand, if you want to treat yourself to something, you shouldn't feel any guilt about it since it doesn't sound like ...
by humblecoder
Sat Dec 12, 2020 9:31 am
Forum: Personal Investments
Topic: I've Maxed Everything Out and Want to Make Sure I'm Not Doing Something Dumb Next
Replies: 17
Views: 3140

Re: I've Maxed Everything Out and Want to Make Sure I'm Not Doing Something Dumb Next

Longtime reader, first time poster. I modeled this off others that I read in the forum and tried to find answers on the forum and wiki before posting. My questions are... Traditional or Roth in my 403b What to do since I have maxed all these options out? Situation - 41 years old. Not married, no ki...
by humblecoder
Sat Dec 12, 2020 9:09 am
Forum: Personal Finance (Not Investing)
Topic: Have a crapton of ESPP to sell - help with tax strategy?
Replies: 33
Views: 2300

Re: Have a crapton of ESPP to sell - help with tax strategy?

Thanks.. Those two links are extremely useful - the visual is great for conceptualizing and the mock 1040 is perfect for running simulations. It think I'll dump around 50k of the stock this year and the remainder in January. I've already made my Roth contrib for 2020 and undoing it would be a mess....
by humblecoder
Fri Dec 11, 2020 8:11 pm
Forum: Personal Finance (Not Investing)
Topic: Engagement Ring Insurance
Replies: 39
Views: 2542

Re: Engagement Ring Insurance

afan wrote: Fri Dec 11, 2020 7:47 pm Isn't this covered under your homeowners policy?
My homeowner's policies have a limit on what they will reimburse for jewelry. You have to purchase a separate rider if you want to cover the full value. I assume other policies are similar.
by humblecoder
Fri Dec 11, 2020 8:10 pm
Forum: Personal Finance (Not Investing)
Topic: Engagement Ring Insurance
Replies: 39
Views: 2542

Re: Engagement Ring Insurance

Just got my renewal statement for my wife's 53 year old engagement ring for $300. I paid about $9,000 in insurance premiums over the years. She said if the ring is lost she would not like a replacement. The ring only has sentimental value. My question: My insurance company will give me a replacemen...
by humblecoder
Fri Dec 11, 2020 7:58 pm
Forum: Personal Finance (Not Investing)
Topic: Short term disability - options?
Replies: 3
Views: 288

Re: Short term disability - options?

Mid fifties male working in as a Consultant in megacorp currently on short term disability til early 2021. Though I will be physically fit for work I an not interested in returning to my previous position / line of work for the following reasons: long hours, high stress, endless Zoom meetings (that...
by humblecoder
Fri Dec 11, 2020 3:32 pm
Forum: Personal Finance (Not Investing)
Topic: Maryland 529 College Investment Plans
Replies: 42
Views: 6590

Re: Maryland 529 College Investment Plans

Resurrecting an old thread as I'm looking at MD 529s. Does anyone know whether someone can contribute to a MD 529 CIP, claim the state income tax deduction and then roll the money into another non-MD 529 plan (say one with less investment fees)? I haven't been able to find any information about how...