Search found 8071 matches

by cheese_breath
Fri Dec 28, 2018 10:19 pm
Forum: Personal Finance (Not Investing)
Topic: QCD, RMD, and Roth conversions
Replies: 36
Views: 1198

Re: QCD, RMD, and Roth conversions

Slightly different question to the knowledgeable group following this thread: I turn 70 in September and 70.5 in March of the following year. The December 31 balance in my IRA determines my RMD. I'd like to do QCDs of the entire amount of my RMD, but not all to the same charity. Is this possible? I...
by cheese_breath
Fri Dec 28, 2018 10:05 pm
Forum: Personal Finance (Not Investing)
Topic: SS payment following death in first week of the month
Replies: 7
Views: 555

Re: SS payment following death in first week of the month

My guess is she's probably collecting her SS based on your father's work record.
by cheese_breath
Fri Dec 28, 2018 9:57 pm
Forum: Personal Finance (Not Investing)
Topic: Today Only AMZ Turbo Tax Offer
Replies: 5
Views: 573

Re: Turbo Tax Today Only @ AMZ

sksbog wrote:
Fri Dec 28, 2018 9:37 pm
$39.99 in Costco. free shipping
That's for Deluxe. Premier is $54.99.
by cheese_breath
Fri Dec 28, 2018 9:31 pm
Forum: Personal Finance (Not Investing)
Topic: QCD, RMD, and Roth conversions
Replies: 36
Views: 1198

Re: QCD, RMD, and Roth conversions

pshonore wrote:
Fri Dec 28, 2018 9:25 pm
Multiple QCDs are simple at Fido. Would imagine Schwab is similar but can't say for sure
Easy at TIAA and Vanguard too.
by cheese_breath
Fri Dec 28, 2018 9:28 pm
Forum: Personal Finance (Not Investing)
Topic: Financial advice to family members
Replies: 37
Views: 3400

Re: Financial advice to family members

I'll give you the same advice I give everyone else who wants to help someone who doesn't want to be helped.... You've given your opinion. Now back off and let the chips fall where they may.
by cheese_breath
Fri Dec 28, 2018 4:54 pm
Forum: Personal Consumer Issues
Topic: Tips to Save without hassle
Replies: 32
Views: 2237

Re: Tips to Save without hassle

Grandkids ! Our expenses were a pittance before those little buggers arrived! Good thing we only have 3 or we'd be eat'n beans and weeines every nite! That's what compound growth does for you. You start out feeding one kid until (s)he grows up. Then pretty soon there's two more. Add another generat...
by cheese_breath
Fri Dec 28, 2018 11:25 am
Forum: Personal Consumer Issues
Topic: End of year computer maintenance (maybe other things)
Replies: 15
Views: 1484

Re: End of year computer maintenance (maybe other things)

Flush your water heater at least once per year.

Year end backup of all financial files and store away for possible unknown future needs.
by cheese_breath
Fri Dec 28, 2018 11:14 am
Forum: Personal Finance (Not Investing)
Topic: QCD, RMD, and Roth conversions
Replies: 36
Views: 1198

Re: QCD, RMD, and Roth conversions

Thanks everybody, this has been helpful and without this advice I would have done the wrong thing. So instead I'll do all 2019 withdrawals for living expenses and/or Roth conversions from an IRA that is not yet subject to RMDs. I'll leave the IRA that is subject to RMDs alone except to take QCDs an...
by cheese_breath
Fri Dec 28, 2018 11:04 am
Forum: Personal Finance (Not Investing)
Topic: QCD, RMD, and Roth conversions
Replies: 36
Views: 1198

Re: QCD, RMD, and Roth conversions

Thanks everybody, this has been helpful and without this advice I would have done the wrong thing. So instead I'll do all 2019 withdrawals for living expenses and/or Roth conversions from an IRA that is not yet subject to RMDs. I'll leave the IRA that is subject to RMDs alone except to take QCDs an...
by cheese_breath
Fri Dec 28, 2018 10:54 am
Forum: Investing - Help with Personal Investments
Topic: How to monitor elderly parents' finances to protect them from fraud
Replies: 15
Views: 658

Re: How to monitor elderly parents' finances to protect them from fraud

I'd been trying to convince my MIL to let me put her accounts on autopay, but she resisted until she missed making two payments on her medigap policy and BCBS cancelled it. We got it reinstated, but it scared her into letting me sign her up for autopay on everything.
by cheese_breath
Fri Dec 28, 2018 10:40 am
Forum: Investing - Help with Personal Investments
Topic: How to monitor elderly parents' finances to protect them from fraud
Replies: 15
Views: 658

Re: How to monitor elderly parents' finances to protect them from fraud

You can and should talk to your parents about them granting you durable power of attorney. Then you go to the various financial institutions and establish yourself on those accounts as POA. Sometimes the institution wants to execute their own forms, which is good reason to do such things sooner rat...
by cheese_breath
Fri Dec 28, 2018 10:29 am
Forum: Personal Finance (Not Investing)
Topic: QCD, RMD, and Roth conversions
Replies: 36
Views: 1198

Re: QCD, RMD, and Roth conversions

Do companies like Vanguard have safeguards in place to prevent hapless people like me from doing it wrong? So if next Wednesday I contacted Vanguard with the direction to convert some portion of the tIRA to Roth, their computer would kick it out saying, "Nope, take your RMD first!" I doubt it. They...
by cheese_breath
Fri Dec 28, 2018 10:19 am
Forum: Personal Finance (Not Investing)
Topic: QCD, RMD, and Roth conversions
Replies: 36
Views: 1198

Re: QCD, RMD, and Roth conversions

Can you please explain further about the effect of the Roth conversion? My reasoning was that since, even if you do a Roth conversion you must still take your RMD, then the full amount of the RMD is still available for a QCD. And yes, I do need to spend the RMD. The RULE is you must take the RMD be...
by cheese_breath
Fri Dec 28, 2018 10:16 am
Forum: Personal Finance (Not Investing)
Topic: QCD, RMD, and Roth conversions
Replies: 36
Views: 1198

Re: QCD, RMD, and Roth conversions

You need to take the entire RMD before you do any Roth conversions. In the year I become 70.5 the RMD may be postponed until the following year. If I choose to postpone it, does that mean I cannot do a Roth conversion in the year I become 70.5? --vtMaps I was referring to RMDs and Roth conversions ...
by cheese_breath
Fri Dec 28, 2018 9:17 am
Forum: Personal Finance (Not Investing)
Topic: QCD, RMD, and Roth conversions
Replies: 36
Views: 1198

Re: QCD, RMD, and Roth conversions

I got caught out this year by failing to note that one must make a qualified charitable distribution before one had withdrawn (and spent) the full amount of the RMD. Lesson learned. For next year, how does a Roth conversion affect this? I suspect not at all. Here are some sample numbers: Assume the...
by cheese_breath
Thu Dec 27, 2018 10:21 pm
Forum: Personal Consumer Issues
Topic: Tips to Save without hassle
Replies: 32
Views: 2237

Re: Tips to Save without hassle

This is a case where Dave Ramsey gives good advice. Develop a budget with every dollar having a purpose. Live within the budget. Since you seem to have more than enough I suggest the first item on the budget be contribution to a taxable investment account.
by cheese_breath
Wed Dec 26, 2018 9:44 pm
Forum: Personal Consumer Issues
Topic: AT&T Landline - what's considered "Long Distance"
Replies: 22
Views: 1282

Re: AT&T Landline - what's considered "Long Distance"

Only 35 minutes and five people? You got off easy.
by cheese_breath
Thu Dec 20, 2018 11:10 am
Forum: Investing - Theory, News & General
Topic: Why contribute to retirement funds?
Replies: 43
Views: 3223

Re: Why contribute to retirement funds?

HardHitter wrote:
Thu Dec 20, 2018 10:54 am
His argument is he doesn't want his money tied up until a certain age and if he needs it, then to be penalized for withdraws....
For some people who would blow their money on 'needs' like a new Mercedes when a Chevy will do this is reason enough.
by cheese_breath
Thu Dec 20, 2018 10:51 am
Forum: Investing - Help with Personal Investments
Topic: Tax loss harvesting strategy
Replies: 10
Views: 987

Re: Tax loss harvesting strategy

This demonstrates another good reason (other than diversification) to buy mutual funds rather than individual stocks. One can TLH and immediately get back into an almost identical position without having to wait 30 days to avoid a wash sale. In this case even if he could have gotten back into an al...
by cheese_breath
Thu Dec 20, 2018 10:46 am
Forum: Investing - Help with Personal Investments
Topic: Paying taxes on Roth conversion made in 2019
Replies: 21
Views: 1478

Re: Paying taxes on Roth conversion made in 2019

Federal... You're supposed to pay taxes on conversions in or before the the quarter when you do the them. So doing the whole thing in January will result in a penalty. Michigan... Begins with the federal AGI and makes state adjustments from there. I don't recall anything on my MI returns being conce...
by cheese_breath
Thu Dec 20, 2018 10:27 am
Forum: Investing - Help with Personal Investments
Topic: Tax loss harvesting strategy
Replies: 10
Views: 987

Re: Tax loss harvesting strategy

Even if he asked for your advice, you're fighting the wrong fight. The issue isn't tax loss harvesting. You've given him your advice. Let it go. Time will show whether you or he was right. It did not end well with the latest market swoon. Big brothers are often right. 1 of his holdings crashed from...
by cheese_breath
Wed Dec 19, 2018 10:05 pm
Forum: Personal Finance (Not Investing)
Topic: Extended family and money issues
Replies: 17
Views: 1697

Re: Extended family and money issues

Buy some Salvation Army clothes to wear on your visits and tell them you lost almost everything speculating on individual stocks. Then ask them to float you a loan for awhile because you just loaded up on Sears and you know it will be a winner.
by cheese_breath
Tue Dec 18, 2018 9:02 am
Forum: Investing - Help with Personal Investments
Topic: Bottom fishing
Replies: 28
Views: 3209

Re: Bottom fishing

ProfitMD wrote:
Mon Dec 17, 2018 10:37 pm
...I am trying to "time" the market with a very small portion of my portfolio. It's really a one time event rather than a strategy.
Are you sure? If you happen to get lucky and hit it right with this "one time event" can you guarantee you'll never do it again?
by cheese_breath
Mon Dec 17, 2018 8:32 pm
Forum: Investing - Help with Personal Investments
Topic: Bottom fishing
Replies: 28
Views: 3209

Re: Bottom fishing

ProfitMD wrote:
Sun Dec 16, 2018 11:14 pm
Does anyone have any advice/tips on how to know when the market has bottomed out?
Keep monitoring it for a few weeks, and if it doesn't go any lower there's a good chance it's bottomed out.
by cheese_breath
Mon Dec 17, 2018 8:18 pm
Forum: Personal Finance (Not Investing)
Topic: Another Generic Medicare Prescription Drug Plan Question
Replies: 12
Views: 727

Re: Another Generic Medicare Prescription Drug Plan Question

Dm and Chesse - 100% absolutely not criticizing Kaiser. I'm taking full responsibility for the error. And, it is my job, not theirs to monitor my accounts. My wife and I are big fans of Kaiser. Plan C vs Plan D? You got me on that. What do you mean? Plan C is Medicare Advantage. Plan D is Medicare ...
by cheese_breath
Mon Dec 17, 2018 4:41 pm
Forum: Personal Finance (Not Investing)
Topic: Another Generic Medicare Prescription Drug Plan Question
Replies: 12
Views: 727

Re: Another Generic Medicare Prescription Drug Plan Question

Called Soc Sec and Kaiser this morning. She was being double charged - probably my fault for that. Kaiser will send us a check for $156 or so. And she discontinued our monthly payment. Interesting Kaiser is/was stockpiling the extra $$. What if we never called for that money? All good. From the des...
by cheese_breath
Mon Dec 17, 2018 3:35 pm
Forum: Investing - Theory, News & General
Topic: Getting your own money back: annuities vs. social security
Replies: 21
Views: 1529

Re: Getting your own money back: annuities vs. social security

Oicuryy wrote:
Mon Dec 17, 2018 11:49 am
cheese_breath wrote:
Mon Dec 17, 2018 10:24 am
Annuities are optional. Social security isn't (in most cases).
Everyone has the option to not accept the taxes taken from working people.

Ron
Let me clarify. I was referring to contributing.
by cheese_breath
Mon Dec 17, 2018 10:48 am
Forum: Personal Finance (Not Investing)
Topic: Can I retire
Replies: 126
Views: 10112

Re: Can I retire

...No medal is awarded for being cheap at the end of the day. All you are left with is a bunch of money when you are old that you wish you'd spent when you had the vitality, energy, and time to do so 8-) One of DW's friends used to call me cheap (behind my back of course) because I didn't blow my m...
by cheese_breath
Mon Dec 17, 2018 10:38 am
Forum: Personal Finance (Not Investing)
Topic: Selling grandparents house as a joint owner
Replies: 8
Views: 610

Re: Selling grandparents house as a joint owner

I know you're just the messenger, but 100% profit on a mobile home doesn't seem right. But back to your questions, here's a site that addresses some of them. https://homeguides.sfgate.com/mobile-home-considered-home-irs-83160.html Ain't Google wonderful? You might want to see if it can answer some o...
by cheese_breath
Mon Dec 17, 2018 10:24 am
Forum: Investing - Theory, News & General
Topic: Getting your own money back: annuities vs. social security
Replies: 21
Views: 1529

Re: Getting your own money back: annuities vs. social security

Annuities are optional. Social security isn't (in most cases).
by cheese_breath
Sun Dec 16, 2018 9:20 pm
Forum: Personal Finance (Not Investing)
Topic: Another Generic Medicare Prescription Drug Plan Question
Replies: 12
Views: 727

Re: Another Generic Medicare Prescription Drug Plan Question

Does the Kaiser Senior Advantage plan include prescription coverage? If it does you're not allowed to be enrolled in a Part D plan at the same time. re: Bottom line in this https://www.ehealthmedicare.com/faq/can-i-get-medicare-advantage-plan-medicare-prescription-drug-plan-at-same-time/ We have Ka...
by cheese_breath
Sun Dec 16, 2018 1:21 pm
Forum: Personal Finance (Not Investing)
Topic: Another Generic Medicare Prescription Drug Plan Question
Replies: 12
Views: 727

Re: Another Generic Medicare Prescription Drug Plan Question

Does the Kaiser Senior Advantage plan include prescription coverage? If it does you're not allowed to be enrolled in a Part D plan at the same time.

re: Bottom line in this https://www.ehealthmedicare.com/faq/can ... same-time/
by cheese_breath
Sun Dec 16, 2018 1:07 pm
Forum: Personal Consumer Issues
Topic: Lottery Tickets
Replies: 30
Views: 1668

Re: Lottery Tickets

I'd think it's stupid and corny, and then I'd scratch off the ticket to see if I won anything. :happy
by cheese_breath
Sat Dec 15, 2018 12:03 am
Forum: Investing - Help with Personal Investments
Topic: I made a mistake by not selling when the market was high this year
Replies: 153
Views: 19405

Re: I made a mistake by not selling when the market was high this year

No, you're making a mistake right now in thinking you can time the market.

The mistake you made before is not understanding your risk tolerance and defining an asset allocation to accommodate it.
by cheese_breath
Fri Dec 14, 2018 11:59 pm
Forum: Personal Finance (Not Investing)
Topic: Can I retire
Replies: 126
Views: 10112

Re: Can I retire

What are your projected expenses?

Are you willing to take a reduced standard of living in retirement?
by cheese_breath
Fri Dec 14, 2018 11:48 pm
Forum: Personal Finance (Not Investing)
Topic: Forgoing health insurance
Replies: 112
Views: 5253

Re: Forgoing health insurance

celia wrote:
Fri Dec 14, 2018 11:32 pm
... I would consider myself very fortunate if I never had to file a claim. (This holds for every kind of insurance, including LIFE insurance.) ...
Good news Celia. You'll never have to file a claim on your life insurance. :wink:
by cheese_breath
Fri Dec 14, 2018 11:44 pm
Forum: Personal Consumer Issues
Topic: Is it difficult to change a baby's legal name?
Replies: 70
Views: 2952

Re: Is it difficult to change a baby's legal name?

mouses wrote:
Fri Dec 14, 2018 10:37 pm

Jim sounds pretty good to me, as in Captain James T. Kirk....I like James better than Daniel myself...
What about Daniel Jackson in Stargate SG1? Or Daniel Boone?
by cheese_breath
Fri Dec 14, 2018 11:40 pm
Forum: Personal Consumer Issues
Topic: Is it difficult to change a baby's legal name?
Replies: 70
Views: 2952

Re: Is it difficult to change a baby's legal name?

Raymond wrote:
Fri Dec 14, 2018 11:32 pm
OP, James is a great name.

As long as you didn't name him "Sue" (disclaimer: bad language)
My name is Sue! How do you do? Now you're gonna die!

Call him anything you want, but don't call him Late for Dinner.
by cheese_breath
Fri Dec 14, 2018 11:35 pm
Forum: Personal Consumer Issues
Topic: Is it difficult to change a baby's legal name?
Replies: 70
Views: 2952

Re: Is it difficult to change a baby's legal name?

We are an Asian family and tend to give a lot of weight to the meaning of a name in our culture, but I hear that is not really the case in America, so perhaps that should not be the deciding factor.. If we pick James, we'd like him to be called James and not Jim or Jimmy. Is it inevitable that some...
by cheese_breath
Fri Dec 14, 2018 11:28 pm
Forum: Personal Consumer Issues
Topic: Is it difficult to change a baby's legal name?
Replies: 70
Views: 2952

Re: Is it difficult to change a baby's legal name?

James Daniel -or- Daniel James both sound good to me. I don't know where "supplanter" comes from and I can assure you of all the Jim/James folks I know, I never once associated the word supplanter with them nor their names. I like this. JD. Yep, good ole Jefferson Davis "JD" Hogg. :wink: Or, Jesse ...
by cheese_breath
Fri Dec 14, 2018 11:26 pm
Forum: Personal Consumer Issues
Topic: A "super mega roll" of toilet paper = 6 "regular rolls:" is this possible?
Replies: 80
Views: 5397

Re: A "super mega roll" of toilet paper = 6 "regular rolls:" is this possible?

dccboone wrote:
Fri Dec 14, 2018 9:27 pm
... I have in my possession an unopened 4-pack of pre-1963 Charmin ...
Did you know Mr. Wipple?
by cheese_breath
Fri Dec 14, 2018 8:50 pm
Forum: Personal Consumer Issues
Topic: Is it difficult to change a baby's legal name?
Replies: 70
Views: 2952

Re: Is it difficult to change a baby's legal name?

Thank you all for responding to my post and sharing your opinions. James it is! We will stick with the name and not change it. Can't go wrong with the name associated with six U.S. Presidents, English Kings, and countless other Jameses who are good human-beings and productive members of the society...
by cheese_breath
Fri Dec 14, 2018 8:41 pm
Forum: Personal Consumer Issues
Topic: Is it difficult to change a baby's legal name?
Replies: 70
Views: 2952

Re: Is it difficult to change a baby's legal name?

Shald wrote:
Fri Dec 14, 2018 6:18 pm
moehoward wrote:
Fri Dec 14, 2018 5:56 pm

This has to be your first child. You're overthinking this.
One and only :wink:
As an only child myself I'd suggest you rethink that. Sometimes I really felt out of place being the only one in the neighborhood without any siblings.
by cheese_breath
Fri Dec 14, 2018 8:33 pm
Forum: Personal Consumer Issues
Topic: Is it difficult to change a baby's legal name?
Replies: 70
Views: 2952

Re: Is it difficult to change a baby's legal name?

Shald wrote:
Fri Dec 14, 2018 4:21 pm
The middle name is already decided and it will be his ethnic name starting in J.
It's allowable to have two middle names. My grandson does.
by cheese_breath
Fri Dec 14, 2018 8:30 pm
Forum: Personal Consumer Issues
Topic: Is it difficult to change a baby's legal name?
Replies: 70
Views: 2952

Re: Is it difficult to change a baby's legal name?

livesoft wrote:
Fri Dec 14, 2018 3:55 pm
James Daniel
-or-
Daniel James

both sound good to me.
Danial James reminds me of a financial services company.
by cheese_breath
Fri Dec 14, 2018 8:28 pm
Forum: Personal Consumer Issues
Topic: Is it difficult to change a baby's legal name?
Replies: 70
Views: 2952

Re: Is it difficult to change a baby's legal name?

Use one for the first name and the other for the middle name. Which one sounds better with your last name?
by cheese_breath
Fri Dec 14, 2018 7:40 pm
Forum: Personal Finance (Not Investing)
Topic: Forgoing health insurance
Replies: 112
Views: 5253

Re: Forgoing health insurance

Thanks for the non-judgemental replies.* To clarify, I am not asking for a hand out. I am looking to self-insure, which I'm willing to do, except for a catastrophic event. It appears that due to governmental regulation, the coverage I am looking for is not available ... So you consider no insurance...
by cheese_breath
Fri Dec 14, 2018 7:32 pm
Forum: Personal Consumer Issues
Topic: A "super mega roll" of toilet paper = 6 "regular rolls:" is this possible?
Replies: 80
Views: 5397

Re: A "super mega roll" of toilet paper = 6 "regular rolls:" is this possible?

People still use toilet paper? My keister deserves so much better. Need to learn the "Three Seashells" technique from Demolition Man Thank you. I make this joke all the time and no one knows what the heck I’m talking about!!! Use the swearing tickets instead. The low priced sea shells could contain...
by cheese_breath
Fri Dec 14, 2018 7:25 pm
Forum: Personal Consumer Issues
Topic: Polyurethane- House STINKS
Replies: 19
Views: 2008

Re: Polyurethane- House STINKS

It's too late now, but the trick was to do it in the summer.

I suggest a few days at a hotel. Smelling that poly too long can make you very sick.