Search found 7916 matches

by TomatoTomahto
Tue Feb 05, 2019 12:24 pm
Forum: Personal Finance (Not Investing)
Topic: When does it make sense to have spouse take Medicare instead of private health insurance?
Replies: 14
Views: 766

Re: When does it make sense to have spouse take Medicare instead of private health insurance?

AFAIK, I pay nothing for Medicare, and don’t expect to until such time as I am no longer covered under wife’s private insurance.
by TomatoTomahto
Tue Feb 05, 2019 12:19 pm
Forum: Personal Finance (Not Investing)
Topic: Cost of college and 529
Replies: 642
Views: 24657

Re: Cost of college and 529

This suggests to me that students are picking colleges, not for the faculty, but for their classmates. I agree, or at least to the extent that I think the differentiator between colleges is often the caliber of classmates. And, I think it extends even within the “selective cohort handpicked” by Adm...
by TomatoTomahto
Tue Feb 05, 2019 10:42 am
Forum: Personal Finance (Not Investing)
Topic: When does it make sense to have spouse take Medicare instead of private health insurance?
Replies: 14
Views: 766

Re: When does it make sense to have spouse take Medicare instead of private health insurance?

RM, The one thing I discovered is that, when on Medicare (even as secondary), I’m not supposed to use our HSA to pay for bills. I inadvertently had co-pays come out of HSA at first, until I discovered it and set our HSA to pay nothing and accrue as a sort-of-Roth account. ETA: the only thing that Me...
by TomatoTomahto
Tue Feb 05, 2019 10:36 am
Forum: Personal Finance (Not Investing)
Topic: Cost of college and 529
Replies: 642
Views: 24657

Re: Cost of college and 529

Here's the thing, you know your kids and their academic abilities, but what you don't know is what their preference is when attending college. You could target say 4 years of flagship public university (not all public universities are mediocre, you don't have to go to U of Michigan to obtain a good...
by TomatoTomahto
Tue Feb 05, 2019 9:23 am
Forum: Personal Finance (Not Investing)
Topic: Cost of college and 529
Replies: 642
Views: 24657

Re: Cost of college and 529

We are currently putting in 5k annually for each child, which is the maximum for the Md state tax break. We plan to up the amount or add a lump sum for our older child, who is 7, since we started her 529 later. As a dual attorney family, I think we are assuming graduate school is likely and realize...
by TomatoTomahto
Tue Feb 05, 2019 9:12 am
Forum: Personal Finance (Not Investing)
Topic: When does it make sense to have spouse take Medicare instead of private health insurance?
Replies: 14
Views: 766

Re: When does it make sense to have spouse take Medicare instead of private health insurance?

I guess I had better read Medicare for Dummies. My wife is employed by Megacorp, and insures our family. Her private insurance is my primary, and Medicare is my secondary. I have not signed up for any additional Medicare. Her employer has not indicated that they expect Medicare to be my primary, nor...
by TomatoTomahto
Mon Feb 04, 2019 5:44 pm
Forum: Personal Finance (Not Investing)
Topic: Cost of college and 529
Replies: 642
Views: 24657

Re: Cost of college and 529

Without a state tax deduction, you're probably right that it is not an overwhelmingly good deal. But it's still a good deal relative to other ways to save for college, and more money is always better than less. The New Jersey plan isn't great: I'd probably look at the New York plan instead if you d...
by TomatoTomahto
Mon Feb 04, 2019 5:17 pm
Forum: Personal Finance (Not Investing)
Topic: Cost of college and 529
Replies: 642
Views: 24657

Re: Cost of college and 529

I am convinced that there are very few subjects that roil Bogleheads more than a discussion of how and if to pay for college for their children or the decision on where their kids should go to college. I’m glad I ran across this dispute over 529s. I thought I was a chump for having very little in a...
by TomatoTomahto
Mon Feb 04, 2019 7:53 am
Forum: Personal Finance (Not Investing)
Topic: Building a house in rural mountains
Replies: 70
Views: 7089

Re: Building a house in rural mountains

We are not in a remote area, but we recently purchased a home in a rural area that we're making more self-sufficient, so some similarities exist. Re geothermal: I'm not concerned about the break-even point as much as the fact that, once properly installed and adjusted, a geothermal system can run wi...
by TomatoTomahto
Sun Feb 03, 2019 4:08 pm
Forum: Personal Finance (Not Investing)
Topic: RSUs, 1099s, taxes... not adding up?
Replies: 22
Views: 892

Re: RSUs, 1099s, taxes... not adding up?

drk wrote:
Sun Feb 03, 2019 3:58 pm
Anyway, I think we digressed from OP’s question.
Agreed :beer
by TomatoTomahto
Sun Feb 03, 2019 3:44 pm
Forum: Personal Finance (Not Investing)
Topic: RSUs, 1099s, taxes... not adding up?
Replies: 22
Views: 892

Re: RSUs, 1099s, taxes... not adding up?

^ If this is just a question of semantics, my usage seems at least as correct as the alternative. I know that I “paid taxes” because I don’t have access to that money, and the IRS would get mad if I paid too little. Maybe it's just semantics, but if I don't file a return but have W2s that reflect m...
by TomatoTomahto
Sun Feb 03, 2019 3:10 pm
Forum: Personal Finance (Not Investing)
Topic: RSUs, 1099s, taxes... not adding up?
Replies: 22
Views: 892

Re: RSUs, 1099s, taxes... not adding up?

I (mostly) haven't sold any of the RSUs. The 1099-B shows all of the RSU vestment dates with their full value. A $0 basis, and no tax withholdings. So according to the 1099B, i owe tax on the full amount of all the vested RSUs. Somehow i have to tell it that i already paid taxes, right? On top of t...
by TomatoTomahto
Sun Feb 03, 2019 3:01 pm
Forum: Personal Investments
Topic: Efficiently Disposing of Girlfriend's LPL Financial Advisor - Vanguard or Schwab?
Replies: 27
Views: 2625

Re: Efficiently Disposing of Girlfriend's LPL Financial Advisor - Vanguard or Schwab?

My apologies, but having recently lived in NJ, every time I scroll past the title “Efficiently Disposing of Girlfriend’s ... Advisor,” I resist the temptation to answer “The Meadowlands.”

I feel better now that I’ve let off that pressure. Thanks and Sorry.
by TomatoTomahto
Sun Feb 03, 2019 2:49 pm
Forum: Investing - Theory, News & General
Topic: Larry Swedroe: 3% is the new 4%
Replies: 302
Views: 21314

Re: Larry Swedroe: 3% is the new 4%

I will take one more crack at this and if Larry Swedroe thinks I am a blithering idiot, so be it. Something changed in American business after the 2008-2009 financial crisis and bear market. As I have interviewed for jobs, it has occurred to me that though labor is still very valuable, that it is l...
by TomatoTomahto
Sun Feb 03, 2019 1:43 pm
Forum: Personal Finance (Not Investing)
Topic: What Percentage of Your Pre-Retirement Income are You Projecting You Will Need?
Replies: 108
Views: 7056

Re: What Percentage of Your Pre-Retirement Income are You Projecting You Will Need?

I find it hard to believe that this is given the time of day on this forum, full of intelligent people. Did you read the other responses? Most are telling the OP that the goal should be to cover your expected expenses, not to achieve a percent of pre-retirement income. Right but still 101 posts? Fo...
by TomatoTomahto
Sun Feb 03, 2019 10:36 am
Forum: Personal Consumer Issues
Topic: Subwoofer for music recommendations
Replies: 17
Views: 1049

Re: Subwoofer for music recommendations

afatcat wrote:
Sun Feb 03, 2019 10:33 am
If your current sub sounds muddy you might try experimenting with placement if you have not already.

https://www.svsound.com/blogs/svs/75365 ... -placement
Placement, and maybe some bass traps (cheap ones work well in corners).
by TomatoTomahto
Sun Feb 03, 2019 10:34 am
Forum: Personal Finance (Not Investing)
Topic: What Percentage of Your Pre-Retirement Income are You Projecting You Will Need?
Replies: 108
Views: 7056

Re: What Percentage of Your Pre-Retirement Income are You Projecting You Will Need?

I find it hard to believe that this is given the time of day on this forum, full of intelligent people. We were on track for retirement, but then my wife got a raise, so we’re behind again. If she keeps getting raises, we will NEVER be able to produce the suggested percent of salary. Doesn’t that so...
by TomatoTomahto
Sun Feb 03, 2019 10:30 am
Forum: Personal Consumer Issues
Topic: Subwoofer for music recommendations
Replies: 17
Views: 1049

Re: Subwoofer for music recommendations

It’s all about the integration between sub and mains. I happen to be a big fan of how Anthem Room Correction (ARC) works with my Martin Logans (mains and sub), but there are other solutions. That, and acoustic treatments, are a much bigger ROI than the particular sub you use. Just my 2 cents; you ma...
by TomatoTomahto
Sun Feb 03, 2019 9:47 am
Forum: Personal Finance (Not Investing)
Topic: Cost of college and 529
Replies: 642
Views: 24657

Re: Cost of college and 529

noco-hawkeye wrote:
Sun Feb 03, 2019 9:38 am
If you are looking at a 529, it is also very very likely that you did not qualify for aid
That's an over-simplification.
1. That only applies to need-based schools, not merit aid.
2. Some need-based schools provide financial aid for families making as much, or more than, $200k
by TomatoTomahto
Sun Feb 03, 2019 9:35 am
Forum: Personal Finance (Not Investing)
Topic: Cost of college and 529
Replies: 642
Views: 24657

Re: Cost of college and 529

Careful. Oldsters like me were already 59.5 when my children were in college, so no 10% penalty on IRA withdrawals for education for me. You're a youngster!!! Heck, I was 59.5 when one of my kids was in middle school (and one had just begun high school). :sharebeer That's why I filed early for SS (...
by TomatoTomahto
Sat Feb 02, 2019 3:33 pm
Forum: Personal Consumer Issues
Topic: recommend your African safari
Replies: 16
Views: 1155

Re: recommend your African safari

Any South Africa recs for lions/leopards primarily? Wife’s 40th bday is in a few years and it is a dream trip. Can’t go to any other African country except SA however as I have albinism and going to Namibia, Zimbabwe, etc can be a death sentence for me: We saw many lions at MalaMala, and a leopard ...
by TomatoTomahto
Sat Feb 02, 2019 3:26 pm
Forum: Personal Finance (Not Investing)
Topic: Cost of college and 529
Replies: 642
Views: 24657

Re: Cost of college and 529

I think what klangfool is saying: [snip...] I think that, since KlangFool says what he's thinking, repeatedly, often with emphasis added, you probably don't need to rephrase his posts. Some of us old timers can predict which threads he'll weigh in on, and I would wager that we know how he will phra...
by TomatoTomahto
Sat Feb 02, 2019 12:51 pm
Forum: Personal Consumer Issues
Topic: recommend your African safari
Replies: 16
Views: 1155

Re: recommend your African safari

We just did five days in the Masai Mara (Kenya, near the Tanzania border) in November. We did not cut corners; stayed at a five-star camp (www.cottars.com) that was effectively all-inclusive. They were easy to deal with and very flexible. It was definitely not cheap, but we would go back in a heart...
by TomatoTomahto
Sat Feb 02, 2019 8:10 am
Forum: Personal Finance (Not Investing)
Topic: Cost of college and 529
Replies: 642
Views: 24657

Re: Cost of college and 529

Yeah, NMF is crazy talk. I think my son’s class of more than 400 had 4. And it’s a top public high school in a top academic state. Not looking to start a fistfight over school choices, but many NMF-caliber students are interested in schools that don’t give a hoot about NMF. You’d probably have bett...
by TomatoTomahto
Sat Feb 02, 2019 7:49 am
Forum: Personal Finance (Not Investing)
Topic: Why doesn't a lot of money feel like a lot of money?
Replies: 205
Views: 21232

Re: Why doesn't a lot of money feel like a lot of money?

My favorite part of this site is the dichotomy of topics discussed in reference to money. On the one hand, you have a post like this one where people explain how attaining huge salaries, bonuses, and mini wind-falls of "only" low seven figures have become boring and mundane yet in the next post the...
by TomatoTomahto
Sat Feb 02, 2019 7:15 am
Forum: Personal Investments
Topic: RMD at 70.5 - what am I missing?
Replies: 60
Views: 4491

Re: RMD at 70.5 - what am I missing?

What I dread is having to pay tax AGAIN on my SS due to RMD's. if it wasn't for that RMD's at 70 wouldn't be that big of a deal considering age and declining quality of life due to aging. You should enjoy your retirement savings at some point. Again? When did you pay tax on your SS the first time? ...
by TomatoTomahto
Sat Feb 02, 2019 6:41 am
Forum: Personal Finance (Not Investing)
Topic: Is a Backdoor Roth IRA worth it?
Replies: 44
Views: 2913

Re: Is a Backdoor Roth IRA worth it?

Between my spouse and I we have a 401k, 403b, and 457 that we can contribute to. I can roll my sep into my 457. Not sure if my spouse can roll hers into her 401k. We also have a Roth account and taxable account which are both about 10% of our portfolio. Currently at 16x our expenses and save about ...
by TomatoTomahto
Fri Feb 01, 2019 5:54 pm
Forum: Personal Finance (Not Investing)
Topic: Is a Backdoor Roth IRA worth it?
Replies: 44
Views: 2913

Re: Is a Backdoor Roth IRA worth it?

Whooboy. Maybe you should describe what tax advantaged accounts you have, how much is in them, and whether you have a tax deferred account that will accept roll-ins.

Then we can discuss whether the backdoor Roth options you have.
by TomatoTomahto
Fri Feb 01, 2019 3:49 pm
Forum: Personal Finance (Not Investing)
Topic: Is a Backdoor Roth IRA worth it?
Replies: 44
Views: 2913

Re: Is a Backdoor Roth IRA worth it?

I am early 40s and have yet to do this backdoor Roth. It seems like another complicated hassle to worry about.. I already max out my 401k and get good company match.. So not sure I need to be saving so much anyways. You might be sorry later. It’s not a miracle, but it’s a great way to get more non-...
by TomatoTomahto
Fri Feb 01, 2019 2:37 pm
Forum: Personal Finance (Not Investing)
Topic: Cost of college and 529
Replies: 642
Views: 24657

Re: Cost of college and 529

goodenyou wrote:
Fri Feb 01, 2019 2:02 pm
I didn't fill out any FAFSA forms and paying full-freight. My kids got a merit-based full-ride scholarship from their parents.
I like your way of putting it. We have the same financial aid office. :sharebeer
by TomatoTomahto
Fri Feb 01, 2019 7:52 am
Forum: Personal Finance (Not Investing)
Topic: Cost of college and 529
Replies: 642
Views: 24657

Re: Cost of college and 529

We assume the cost to be $250k for 4 years, times two kids, 10 and 13, and assume 5% inflation. We currently have $200k saved, will add $26k this year to 529s, and will increase that a bit every year thereafter through graduation. We assume we will pay $750k total in tomorrow's dollars. I think you...
by TomatoTomahto
Thu Jan 31, 2019 7:24 pm
Forum: Personal Investments
Topic: RMD at 70.5 - what am I missing?
Replies: 60
Views: 4491

Re: RMD at 70.5 - what am I missing?

When you calculate out that your first year of RMD is 3.65% (which is less than most financial planners recommendations of 4%/yr drawdowns) and that decreases each year thereafter, why not just take it and spend it. Also, you should average atleast a 3.65% ROI over 10 years and therefore not see an...
by TomatoTomahto
Thu Jan 31, 2019 2:24 pm
Forum: Personal Investments
Topic: RMD at 70.5 - what am I missing?
Replies: 60
Views: 4491

Re: RMD at 70.5 - what am I missing?

Depending on what your retirement income is, those RMDs can kick you into higher tax brackets. Depending on the brackets involved, that difference can be small or large. This. Between SS, non-elective deferred comp, RMDs, the dividends that are thrown off by our taxable accounts, etc., we expect to...
by TomatoTomahto
Thu Jan 31, 2019 1:34 pm
Forum: Personal Investments
Topic: RMD at 70.5 - what am I missing?
Replies: 60
Views: 4491

Re: RMD at 70.5 - what am I missing?

Depending on what your retirement income is, those RMDs can kick you into higher tax brackets. Depending on the brackets involved, that difference can be small or large. This. Between SS, non-elective deferred comp, RMDs, the dividends that are thrown off by our taxable accounts, etc., we expect to...
by TomatoTomahto
Thu Jan 31, 2019 1:30 pm
Forum: Personal Finance (Not Investing)
Topic: Were you 100% debt free at retirement
Replies: 145
Views: 8106

Re: Were you 100% debt free at retirement

We have been debt free since our late 40s, early 50s. I am, however, considering taking out some loans (total of $50k, I think) that are government loans at 0% interest for 7 years for various energy saving projects at home. I would set them to autopay, so there’s no hassle involved.
by TomatoTomahto
Thu Jan 31, 2019 1:23 pm
Forum: Personal Investments
Topic: RMD at 70.5 - what am I missing?
Replies: 60
Views: 4491

Re: RMD at 70.5 - what am I missing?

I wouldn’t say that I’m full of angst, but to the extent possible, I’d like to be in charge of my distributions. For the most part, we expect our funds to pass to heirs (people and charity).

Of course, heirs can also receive money that has flowed down to taxable.
by TomatoTomahto
Thu Jan 31, 2019 7:06 am
Forum: Personal Investments
Topic: High Earners Mostly Use Taxable Accounts?
Replies: 167
Views: 13314

Re: High Earners Mostly Use Taxable Accounts?

A high earner is not going to have a Traditional IRA because of the income limits on deductibility. He/she would also not have a Rollover IRA from a Traditional 401k because they would interfere with annual Backdoor Roth conversions. That money would instead be kept in the 401k. So randomguy’s exam...
by TomatoTomahto
Thu Jan 31, 2019 7:02 am
Forum: Personal Investments
Topic: High Earners Mostly Use Taxable Accounts?
Replies: 167
Views: 13314

Re: High Earners Mostly Use Taxable Accounts?

Whoa. Why $60k? Why 8 years? The most expensive colleges now are ~$60k/year. Assuming 4 years undergraduate and 4 years medical school and increasing university costs from now until they're done (the kids are now 12 and 15 years old), it's not an entirely unreasonable projection. As I said, I'd lik...
by TomatoTomahto
Wed Jan 16, 2019 2:49 pm
Forum: Personal Investments
Topic: 37% marginal tax rate --> does Roth 401k make sense?
Replies: 33
Views: 2208

Re: 37% marginal tax rate --> does Roth 401k make sense?

For the part of “traditional 401k vs. Roth 401k”, I used to contribute 100% into Roth 401k, although I was in the high income tax bracket. Then I realized I am not tax-diversifying enough for my retirement (after 20-30 years). Also, it’s been a pain to pay too much taxes right now (and get less tak...
by TomatoTomahto
Wed Jan 16, 2019 2:36 pm
Forum: Personal Investments
Topic: 37% marginal tax rate --> does Roth 401k make sense?
Replies: 33
Views: 2208

Re: 37% marginal tax rate --> does Roth 401k make sense?

Even as a top-bracket person myself, I am putting my personal contribution in 401k ($19k plus catch-up $6k) into the Roth option, while putting the employer match and profit-sharing into the traditional 401k partition ($37k). Even though I anticipate being in not-the-highest tax bracket in retireme...
by TomatoTomahto
Wed Jan 16, 2019 11:20 am
Forum: Personal Finance (Not Investing)
Topic: Is IRS mailing W2 and W3 forms?
Replies: 5
Views: 618

Re: Is IRS mailing W2 and W3 forms?

In previous years, I had failed at creating a business account at the SSA for filing wages. Needing to get my employer W2 and W3 out, I tried again. For some reason, it was incredibly easy and fast this time.

Bingo. Thanks for the responses.
by TomatoTomahto
Wed Jan 16, 2019 10:05 am
Forum: Personal Finance (Not Investing)
Topic: Is IRS mailing W2 and W3 forms?
Replies: 5
Views: 618

Re: Is IRS mailing W2 and W3 forms?

Thanks for the link to the other thread.
by TomatoTomahto
Wed Jan 16, 2019 8:57 am
Forum: Personal Finance (Not Investing)
Topic: Is IRS mailing W2 and W3 forms?
Replies: 5
Views: 618

Is IRS mailing W2 and W3 forms?

After a move, I can't find our blank W2 and W3 forms, and don't want to pay the silly amount for them on Amazon/Staples. I understand that the front page is not suitable for printing via the online PDF. I submitted a form request online, but I wonder if the IRS is shipping due to the partial governm...
by TomatoTomahto
Wed Jan 16, 2019 8:36 am
Forum: Investing - Theory, News & General
Topic: Around 43K in dividends last year - feel good about it ?
Replies: 174
Views: 16334

Re: Around 43K in dividends last year - feel good about it ?

How can one be sure that the company is using the unpaid dividend money wisely and not wasting on buybacks or wasting on execessive CEO compensation ? When dividends are distributed it is up to the shareholders to invest back or to make other use of that money. I'm not sure that buybacks are "waste...
by TomatoTomahto
Wed Jan 16, 2019 7:45 am
Forum: Personal Finance (Not Investing)
Topic: A co-worker makes more than me
Replies: 77
Views: 6681

Re: A co-worker makes more than me

Sometimes (oftentimes, actually) people who make more have asked for more. It could be as simple as that. (See, e.g., all the studies explaining why women tend to make less than similarly-situated male coworkers). Perhaps your coworker asked for a raise, and you didn't. So, yes, I would absolutely ...
by TomatoTomahto
Wed Jan 16, 2019 6:20 am
Forum: Personal Finance (Not Investing)
Topic: Getting a Mortgage when You can Pay Cash for a House
Replies: 162
Views: 8884

Re: Getting a Mortgage when You can Pay Cash for a House

I accept your point that a "cash offer" is different than actually paying cash for the house, but if someone makes a "cash offer" who potentially has enough cash to pay for the house but does not intend to buy the house with cash and intends to get a mortgage that would be disingenuous and arguably...
by TomatoTomahto
Tue Jan 15, 2019 6:35 pm
Forum: Personal Consumer Issues
Topic: School staff threatened to call social worker
Replies: 54
Views: 2792

Re: School staff threatened to call social worker

I was at the hospital today for a procedure, and as part of the intake they asked me if I “was safe” at home. I had no idea at first what they were on about, but then figured it out. They’re mandatory reporters, just as the school probably is. The next time you see a kid on TV who was discovered liv...
by TomatoTomahto
Tue Jan 15, 2019 6:19 pm
Forum: Personal Consumer Issues
Topic: School staff threatened to call social worker
Replies: 54
Views: 2792

Re: School staff threatened to call social worker

Schools are often paid from government funding that is based on the number of students each day in attendance, so they don't get paid as much if students don't show up. Thus, they are incentivized to get kids into the schools and make sure they show up. I went to college early, taking an informal a...