Search found 1454 matches

by samsoes
Tue Oct 27, 2015 3:00 pm
Forum: Personal Finance (Not Investing)
Topic: Tax software which does "iterative" outputs?
Replies: 9
Views: 1229

Re: Tax software which does "iterative" outputs?

Over the years, I've constructed a rather elaborate Excel sheet which I use for "what-if" planning. It matches what TT determines my tax to be within the boundary of the tax $ amount in the 1040 tax tables. It is quite tedious to maintain, however, since I have to edit formulae to reflect tax bracke...
by samsoes
Fri Oct 23, 2015 3:54 pm
Forum: Personal Consumer Issues
Topic: How to save on prescription when you have high deductible plan?
Replies: 30
Views: 3524

Re: How to save on prescription when you have high deductible plan?

Which state are you located? The only other alternative I can think of is a road-trip to a pharmacy (even Costco) in Canada. I live very close to Canada and am actually going there next week. Do Canadian pharmacies take U.S. prescription orders? I believe so. Call a legitimate (non-internet) pharma...
by samsoes
Fri Oct 23, 2015 3:27 pm
Forum: Personal Consumer Issues
Topic: How to save on prescription when you have high deductible plan?
Replies: 30
Views: 3524

Re: How to save on prescription when you have high deductible plan?

Shald wrote:Thank you. I checked goodrx.com and their best price is similar to the Costco price.
Which state are you located? The only other alternative I can think of is a road-trip to a pharmacy (even Costco) in Canada.
by samsoes
Thu Oct 22, 2015 1:27 pm
Forum: Personal Consumer Issues
Topic: Windows 10 from 8.1. Do I REALLY Want To Do This?
Replies: 31
Views: 3756

Re: Windows 10 from 8.1. Do I REALLY Want To Do This?

I was in the same boat with determining whether or not to upgrade from 8.1 to 10. To the plunge and updated ( took about 3 hours ). Everything worked great EXCEPT my old HP printer no longer had a driver that was compatible with Win10. Other than the "old printer" issue, IMO Win10 is much better th...
by samsoes
Mon Oct 19, 2015 2:21 pm
Forum: Personal Investments
Topic: Avoiding Last Year's Big Mutual Fund Tax Hit
Replies: 23
Views: 2842

Re: Avoiding Last Year's Big Mutual Fund Tax Hit

I have Janus Twenty Fund shares in a taxable account. Last year I got absolutely slammed with taxes even though the fund's returns weren't that stellar (I actually paid more in taxes than I gained in my account). I understand that this was not unique to Janus and is likely to hit a lot of us again ...
by samsoes
Sun Aug 09, 2015 2:31 pm
Forum: Personal Finance (Not Investing)
Topic: How to get laid off[? company laying people off with good severance package]
Replies: 28
Views: 4528

Re: How to get laid off to get a package?

Go for it. Think of it as saving someone else's job who really needs it, and it will take a huge load of stress of the person who has to choose the heads to get cut.
by samsoes
Tue Jul 14, 2015 7:23 pm
Forum: Personal Consumer Issues
Topic: Xfinity vs ATT
Replies: 9
Views: 1723

Re: Xfinity vs ATT

Hello, regardless if you decide to switch or not, please consider changing your email now to gmail or yahoo so you can wean your contacts from the ISP-specific address.
by samsoes
Sat Jun 13, 2015 7:02 am
Forum: Personal Consumer Issues
Topic: How to securely dispose old computer?
Replies: 43
Views: 15973

Re: How to securely dispose old computer?

There's a nifty free program that securely erases data from a hard drive. Once the program is installed, it creates a bootable CD/DVD which will run a menu-driven program to securely erase an entire drive (or just the free-space on a drive keeping the non-deleted data intact). Check-out: http://www....
by samsoes
Sat Apr 18, 2015 10:17 am
Forum: Personal Finance (Not Investing)
Topic: Canceling oldest credit card
Replies: 6
Views: 1921

Re: Canceling oldest credit card

It will have no effect for at least 10 years. I cancelled a card back in late 2005, and it still shows on my credit report as my oldest line of credit (at the top of the report as "Oldest Account"), even though it correctly is noted "Paid and closed" and "Account closed at consumers request" with da...
by samsoes
Sun Apr 12, 2015 8:14 am
Forum: Personal Finance (Not Investing)
Topic: Help me figure out my (FIRE) number?
Replies: 8
Views: 3142

Re: Help me figure out my (FIRE) number?

Louis Winthorpe III wrote:What does FIRE stand for? Edit: Sorry, I read too fast and missed the i.e. "first in line for early retirement." Is that a common acronym?
FIRE = Financially Independent Retired Early
by samsoes
Wed Feb 11, 2015 7:03 am
Forum: Personal Investments
Topic: What if my MAGI exceeds limit for Roth IRA
Replies: 39
Views: 3837

Re: What if my MAGI exceeds limit for Roth IRA

This is what is called a "good problem," having unplanned high income. :happy I was in the same situation a few years ago. Vanguard instructed me to write a letter asking that my year 20xx contributions and their associated earnings be refunded based upon my income situation. Roth principal, of cour...
by samsoes
Mon Feb 09, 2015 1:11 pm
Forum: Personal Finance (Not Investing)
Topic: Should I put a Credit Freeze on my accounts?
Replies: 37
Views: 9423

Re: Should I put a Credit Freeze on my accounts?

I froze all three of mine eight years ago when the Medical Records department of Mega-Hospital I worked for (IT department) kept losing a daily lost report with names, addresses, SSN, etc., of all the patients who registered the day before in any of their offices/practices. I had to re-generate the ...
by samsoes
Sat Feb 07, 2015 6:26 pm
Forum: Personal Consumer Issues
Topic: Alternatives to Radio Shack?
Replies: 47
Views: 33036

Re: Alternatives to Radio Shack?

When I worked for the 'Shack in the late 1980's, I was surprised to learn that most (if not all) of their plug-in electronics were simply low-bid, no-name, questionable quality stuff with the Realistic label slapped-on. In addition, since (at the time) the stores did not receive credit from corporat...
by samsoes
Fri Feb 06, 2015 7:21 pm
Forum: Personal Consumer Issues
Topic: Cable Modem
Replies: 19
Views: 2707

Re: Cable Modem

Just last month I ditched the Comcast modem/landline combo. I bought a Motorola Surfboard SB6141 from Walmart for about $90. Had my "landline" ported to VOIPo.com (two years of phone service for $150 = 6.25/month) - plug the free VOIPo adapter into an Ethernet jack on your router, and your in busine...
by samsoes
Mon Dec 29, 2014 5:10 pm
Forum: Personal Finance (Not Investing)
Topic: Children's Inheritance Provisions in a Trust
Replies: 7
Views: 1162

Re: Children's Inheritance Provisions in a Trust

flyingbison wrote:I have my testamentary trust set to terminate and give everything to my child at age 18.
Eighteen? What color do you think the Ferrari will be? :oops:
by samsoes
Sat Dec 27, 2014 6:50 pm
Forum: Personal Finance (Not Investing)
Topic: 15% Capital Gain Rate and 0% Taxable Income
Replies: 39
Views: 3612

Re: 15% Capital Gain Rate and 0% Taxable Income

My Tax Adviser (fee based) is recommending that I sell a substantial portion of my portion of my portfolio ($484,000) which will yield a Long Term Gain of $214,000. The Federal Tax on this transaction is an effective rate of 15%. With Federal and State Tax I'll have to pay Federal and State taxes o...
by samsoes
Tue Dec 23, 2014 5:37 pm
Forum: Personal Finance (Not Investing)
Topic: best practice for safeguarding checking info?
Replies: 1
Views: 404

best practice for safeguarding checking info?

Hello folks, In this day-and-age of EFT, ACH, check information being transmitted rather than an actual check being presented to a bank for payment, one’s (routing number + account number) could very likely be more valuable than one’s credit card numbers. I understand that banks offer protection aga...
by samsoes
Wed Dec 10, 2014 4:19 pm
Forum: Personal Finance (Not Investing)
Topic: paid-off mortgage yesterday!
Replies: 24
Views: 4124

Re: paid-off mortgage yesterday!

Ladies and gentlemen, I truly appreciate your kind expressions of congratulations! Have a beer for me tonight. I'll have one for each of you when you accomplish a personal or financial goal. I wish the best for all of you. :beer
by samsoes
Wed Dec 10, 2014 2:36 pm
Forum: Personal Finance (Not Investing)
Topic: paid-off mortgage yesterday!
Replies: 24
Views: 4124

Re: paid-off mortgage yesterday!

Would I borrow funds against my house to invest? I would and in fact did a couple of years ago. Well, my friend, it takes a bit of a cast-iron stomach to do that. Investing borrowed money (especially home equity) is far beyond my personal risk tolerance. I'm glad it has worked-out for you, and I ho...
by samsoes
Wed Dec 10, 2014 11:07 am
Forum: Personal Finance (Not Investing)
Topic: paid-off mortgage yesterday!
Replies: 24
Views: 4124

Re: paid-off mortgage yesterday!

rustymutt wrote: ... Rich in spirit, and free from financial bondage...
Amen, brother! :D
by samsoes
Wed Dec 10, 2014 10:58 am
Forum: Personal Finance (Not Investing)
Topic: paid-off mortgage yesterday!
Replies: 24
Views: 4124

Re: paid-off mortgage yesterday!

Congratulations! A very nice item completed for your financial bucket list. We paid our mortgage off in 2007 and haven't regretted it for a second. I have no thoughts of borrowing to put extra money into our index funds. :sharebeer Thanks, bloom2708! That's what sealed the deal for me: Would I borr...
by samsoes
Wed Dec 10, 2014 10:40 am
Forum: Personal Finance (Not Investing)
Topic: paid-off mortgage yesterday!
Replies: 24
Views: 4124

paid-off mortgage yesterday!

Hello folks, I just thought I'd share some good news ... the mortgage was paid-off yesterday, and the house is MINE! :mrgreen: I went to my local bank before work and wired the funds to Wells Fargo. By late afternoon the Wells Fargo website displayed the following: "Outstanding principal balance: PD...
by samsoes
Fri Aug 08, 2014 5:54 pm
Forum: Personal Finance (Not Investing)
Topic: Drastic pay cut-Crack CD (w/penalty) to payoff mortgage?
Replies: 26
Views: 2024

Re: Drastic pay cut-Crack CD (w/penalty) to payoff mortgage?

Huh? I'm confused. Why don't you just use your $140k in savings to cover the budget gap until the CD matures? Looks like you have plenty saved up... This IMO. Don't Dollar cost into the portfolio with cash, just use it to make up shortfall until it matures and then pay it off. You are effectively/a...
by samsoes
Fri Aug 08, 2014 5:52 pm
Forum: Personal Finance (Not Investing)
Topic: Drastic pay cut-Crack CD (w/penalty) to payoff mortgage?
Replies: 26
Views: 2024

Re: Drastic pay cut-Crack CD (w/penalty) to payoff mortgage?

It sounds like you plan to stay there long term. You have a comfortable amount of savings even without the CD. I hate debt and running a deficit. I would use the CD to pay off the mortgage. I would also tighten up your budget and use the excess you'll have to put into savings. Yes, I'm here long-te...
by samsoes
Fri Aug 08, 2014 5:39 pm
Forum: Personal Finance (Not Investing)
Topic: Drastic pay cut-Crack CD (w/penalty) to payoff mortgage?
Replies: 26
Views: 2024

Re: Drastic pay cut-Crack CD (w/penalty) to payoff mortgage?

... The thought of this level of breathing room is very appealing... The rest is noise. Pay it off, you will still have a nice nest egg left over at 51. I've heard that the grass between one's toes feels so much better when one's home is owned free-and-clear. :D But, emotion needs to be balanced wi...
by samsoes
Fri Aug 08, 2014 5:36 pm
Forum: Personal Finance (Not Investing)
Topic: Drastic pay cut-Crack CD (w/penalty) to payoff mortgage?
Replies: 26
Views: 2024

Re: Drastic pay cut-Crack CD (w/penalty) to payoff mortgage?

If your lender will "recast your mortage" (google this) then then you could use your cash to pay half of it off and have your mortgage payment cut in half. The length of the loan would be the same which would be very good for you if interest rates get high enough to make your mortgage rate look goo...
by samsoes
Fri Aug 08, 2014 5:28 pm
Forum: Personal Finance (Not Investing)
Topic: Drastic pay cut-Crack CD (w/penalty) to payoff mortgage?
Replies: 26
Views: 2024

Re: Drastic pay cut-Crack CD (w/penalty) to payoff mortgage?

leonidas wrote:I would sell the house and rent. That seems like a lot of housing for one person living as a pauper.
1300 sq.ft. on a flat acre in quiet suburbia. Prior home was 1600 sq. ft. on a cliff in the 'hood.
by samsoes
Fri Aug 08, 2014 5:17 pm
Forum: Personal Finance (Not Investing)
Topic: Drastic pay cut-Crack CD (w/penalty) to payoff mortgage?
Replies: 26
Views: 2024

Re: Drastic pay cut-Crack CD (w/penalty) to payoff mortgage?

I'm not sure where you are living, but in most parts of the country living in a house that carries a mortgage that big is NOT living like a pauper. Are you sure there isn't room to cut out some fat from your budget? I'm in Fairfield County Connecticut. Born/raised in the immediate area. Elderly par...
by samsoes
Fri Aug 08, 2014 5:06 pm
Forum: Personal Finance (Not Investing)
Topic: Drastic pay cut-Crack CD (w/penalty) to payoff mortgage?
Replies: 26
Views: 2024

Re: Drastic pay cut-Crack CD (w/penalty) to payoff mortgage?

sdsailing wrote: ... Or even something radical such as renting out the entire house until mortgage is paid off ?
Nah, that's 28 years from now; I'll be almost 80.
by samsoes
Fri Aug 08, 2014 5:04 pm
Forum: Personal Finance (Not Investing)
Topic: Drastic pay cut-Crack CD (w/penalty) to payoff mortgage?
Replies: 26
Views: 2024

Re: Drastic pay cut-Crack CD (w/penalty) to payoff mortgage?

I wouldn't break either the CD or the mortgage. Both are good products which can't be found anymore . If that doesn't warm your heart, consider this: you are getting 2.47% from an instrument with close to zero duration and paying into an instrument with 15 years or so at 3.375%. That same duration ...
by samsoes
Fri Aug 08, 2014 4:59 pm
Forum: Personal Finance (Not Investing)
Topic: Drastic pay cut-Crack CD (w/penalty) to payoff mortgage?
Replies: 26
Views: 2024

Re: Drastic pay cut-Crack CD (w/penalty) to payoff mortgage?

dodecahedron wrote:Maybe take in a housemate to help defray expenses and share maintenance chores?
Been-there/done-that in the 1990's :oops: Vowed never to do it again.

Thanks for thinking out of the box, tho ... :D
by samsoes
Fri Aug 08, 2014 4:50 pm
Forum: Personal Finance (Not Investing)
Topic: Drastic pay cut-Crack CD (w/penalty) to payoff mortgage?
Replies: 26
Views: 2024

Re: Drastic pay cut-Crack CD (w/penalty) to payoff mortgage?

Huh? I'm confused. Why don't you just use your $140k in savings to cover the budget gap until the CD matures? Looks like you have plenty saved up... I could do that; that's an additional option. I guess the bigger question is if I should payoff the cheap (3.375%) mortgage now or later, or hope to e...
by samsoes
Fri Aug 08, 2014 4:22 pm
Forum: Personal Finance (Not Investing)
Topic: Drastic pay cut-Crack CD (w/penalty) to payoff mortgage?
Replies: 26
Views: 2024

Drastic pay cut-Crack CD (w/penalty) to payoff mortgage?

Hello folks, Recently I had to leave my job (long story) which was killing me with the stress. I landed a far less stressful job at a non-profit which pays about 1/2 of what I made at MegaCorp. The problem is, my net take home pay leaves me with a $754 monthly budget deficit which I need to take fro...
by samsoes
Tue Jul 22, 2014 7:02 pm
Forum: Personal Finance (Not Investing)
Topic: New job: HSA and Flex (FSA) same year...FSA limit?
Replies: 3
Views: 1305

Re: New job: HSA and Flex (FSA) same year...FSA limit?

Not really addressing your questions (sorry) but why not look to switch dentists to one in your new insurance plan? .... I've had the same dentist since I was 8 years old (I'm now 51). He was a young guy in an established practice at the time, and when the older dentist retired, my dentist bought t...
by samsoes
Tue Jul 22, 2014 2:19 pm
Forum: Personal Finance (Not Investing)
Topic: New job: HSA and Flex (FSA) same year...FSA limit?
Replies: 3
Views: 1305

New job: HSA and Flex (FSA) same year...FSA limit?

Hello folks, I'm in the process of changing jobs. With old employer I had a Health Savings Account, which I've been contributing $275 monthly (x12 = $3300 limit for single). I'll become eligible for insurance at new employer on Sept 1. New employer doesn't offer a HDHP so I'll have to make use of th...
by samsoes
Sat Jul 19, 2014 3:00 pm
Forum: Personal Consumer Issues
Topic: Visiting Japan
Replies: 16
Views: 2383

Re: Visiting Japan

Definitely take-in a ballgame. Hopefully you can also enjoy a hotdog and a beer at the stadium. :beer
by samsoes
Sat Jul 19, 2014 2:19 pm
Forum: Personal Investments
Topic: Roth IRA income limit question
Replies: 24
Views: 1538

Re: Roth IRA income limit question

Triple digit golfer wrote:[(removed) --admin LadyGeek], I feel dumb. Duh, of course 401(k) contributions reduce AGI. Major brain fart this morning.
[Response removed by admin LadyGeek]
by samsoes
Tue Apr 15, 2014 2:47 pm
Forum: Personal Finance (Not Investing)
Topic: The Mega Backdoor Roth IRA
Replies: 469
Views: 221614

Re: The Mega Backdoor Roth IRA

Why would you ever want to do this? It will not reduce your tax liability, and ultimately the earnings/growth would be taxable at ordinary income rates, as compared to lower LTCG rates in a taxable account. One should only contribute to 401(k)'s if there is an immediate pre-tax benefit of the contri...
by samsoes
Mon Mar 17, 2014 8:26 am
Forum: Personal Finance (Not Investing)
Topic: 2013 tax filing issues
Replies: 33
Views: 2230

Re: 2013 tax filing issues

If at least the "total tax" amount from your 2012 return was withheld by your employers in 2013, there won't be any penalty. Essentially it's a one-year grace.
by samsoes
Sat Mar 15, 2014 3:07 pm
Forum: Personal Finance (Not Investing)
Topic: Tax and ACA ?
Replies: 12
Views: 1376

Re: Tax and ACA ?

Yikes! Methinks you need to evaluate your life insurance situation as a priority! Mexican border towns aren't exactly safe-havens...
by samsoes
Sat Mar 01, 2014 10:31 am
Forum: Personal Consumer Issues
Topic: Goodbye HAL
Replies: 35
Views: 3223

Re: Goodbye HAL

peppers wrote:HAL 9000

From the movie 2001: A Space Odyssey
I affectionately named my old computer HAL
The letters HAL are one-off from IBM.
by samsoes
Thu Feb 20, 2014 5:48 pm
Forum: Personal Consumer Issues
Topic: Avoid Abbreviations
Replies: 66
Views: 6419

Re: Avoid Abbreviations

Here, here!
This guideline shouldn't apply to just stock symbols, either! Many folks on this site routinely use abbreviations in their conversational text.
by samsoes
Sat Feb 15, 2014 8:04 am
Forum: Personal Consumer Issues
Topic: Good Idea to Sell Old Home To Upgrade To Newer Home?
Replies: 33
Views: 3078

Re: Good Idea to Sell Old Home To Upgrade To Newer Home?

When the Queen is happy, there's peace in the kingdom. :D
by samsoes
Sun Sep 01, 2013 1:51 pm
Forum: Personal Consumer Issues
Topic: USAA Homeowner Insurance Increase
Replies: 35
Views: 5553

Re: USAA Homeowner Insurance Increase

Whatever the future insurance company might be, I would want to have the same coverages and all my business would be with that company to ensure the best pricing. I do want it to be with a "quality" company though, with a good track record. Both USAA and AMICA are, or have been, rated the highest i...
by samsoes
Sun Sep 01, 2013 1:45 pm
Forum: Personal Consumer Issues
Topic: Oil vs Propane?
Replies: 35
Views: 13781

Re: Oil vs Propane?

OP, how far are you from natural gas? It runs in my area but not on all lengths of all streets. It is not tremendously expensive to extend it a block or two, especially if neighbors want to connect as well and will split the cost. Not too far, actually; it runs down the main road at the end of my s...
by samsoes
Wed Aug 28, 2013 12:21 pm
Forum: Personal Consumer Issues
Topic: Oil vs Propane?
Replies: 35
Views: 13781

Re: Oil vs Propane?

Have you checked into all electric? I don't really know the pros/cons versus oil/propane. Electric is cost-prohibitive. I've lived in worked in Connecticut all my life (50 years) and have known only one person whose home had electric heat. His heating cost in the winter months was several times min...
by samsoes
Wed Aug 28, 2013 10:03 am
Forum: Personal Consumer Issues
Topic: Oil vs Propane?
Replies: 35
Views: 13781

Re: Oil vs Propane?

I appreciate the input, folks. I just learned since my initial post that my current oil supplier has raised it's lock-in price by 30 cents this week :oops: due to the Syria situation. Since propane is loosely coupled to the price of oil (partially supplied from the oil refining process), it's price ...
by samsoes
Wed Aug 28, 2013 8:42 am
Forum: Personal Consumer Issues
Topic: Oil vs Propane?
Replies: 35
Views: 13781

Oil vs Propane?

Hello folks, I recently purchased a new home here in Connecticut, and during the home inspection I was told that although the hot air oil-fired furnace and oil-fired hot water tank are good quality brands, they are both “at the end of their useful lives” and I should budget for their replacement ver...