Search found 1605 matches

by Katietsu
Sun Jul 22, 2018 4:26 pm
Forum: Investing - Help with Personal Investments
Topic: Anyone Else Here Trying to Max Out 401k for the 1st Time in 2018?
Replies: 35
Views: 2841

Re: Anyone Else Here Trying to Max Out 401k for the 1st Time in 2018?

Do everything you can to max out your 401k at your old employer before leaving. I mean like 80, 90% of your paycheck, then after you leave immediately transfer those funds into a self controlled IRA. Last time I left a job I presented them with the transfer papers on my final day. You don't want to...
by Katietsu
Sat Jul 21, 2018 10:54 pm
Forum: Personal Consumer Issues
Topic: Suggestions About Simulating Homemade Chicken Stock
Replies: 28
Views: 1777

Re: Suggestions About Simulating Homemade Chicken Stock

Are the nights all hot as well? If there is a cool night, you could throw a chicken and vegetables into a crock pot overnight.
by Katietsu
Fri Jul 20, 2018 10:21 pm
Forum: Personal Finance (Not Investing)
Topic: BB&T banking
Replies: 6
Views: 796

Re: BB&T banking

What kind of account? What kind of transfer of funds? This does not seem typical to me.

Are you getting charged for every transaction or are you exceeding the allowable number of transactions? Have you asked the bank customer service?
by Katietsu
Fri Jul 20, 2018 5:00 pm
Forum: Investing - Help with Personal Investments
Topic: Advice on Financial Plan: PGY4 Orthopaedic / PGY4 ENT Residents
Replies: 11
Views: 833

Re: Advice on Financial Plan: PGY4 Orthopaedic / PGY4 ENT Residents

I would consider tweaking your priorities. 1. Get the books and the forms and do your 2017 taxes by hand. This will give you a feel for the tax laws while your financial life is simpler. You can then build on that with time. I see no way that your income is being taxed in the 24% bracket. In fact, d...
by Katietsu
Fri Jul 20, 2018 12:28 pm
Forum: Investing - Help with Personal Investments
Topic: Should I Dump a Pile of Money on Young Son?
Replies: 157
Views: 14023

Re: Should I Dump a Pile of Money on Young Son?

I would say the money might change him for the better. Someone choosing to drive a 22 year old car with no A/C in Texas might need the safety net of a extra cash in order to enjoy life. Many on this board, myself included, have made frugal decisions that, frankly, should better be described as depri...
by Katietsu
Wed Jul 18, 2018 10:02 pm
Forum: Personal Finance (Not Investing)
Topic: Semi-Retire by 40-45, possible/realistic?
Replies: 21
Views: 3760

Re: Semi-Retire by 40-45, possible/realistic?

You hope to have 1 million dollars and to withdraw 2% to use for expenses. That seems feasible. But here is where I am confused. Where are you getting the additional savings you will eventually need to fully retire? Do you expect the remaining assets from the $1 million dollars to grow enough to cov...
by Katietsu
Tue Jul 17, 2018 4:15 pm
Forum: Personal Finance (Not Investing)
Topic: Bored
Replies: 56
Views: 9615

Re: Bored

Did the OP say he had 3 young children and a wife who was not currently employed? If so, then you need to address life insurance. Possibly not enough now. Definitely not enough if you lose your job. Even if the workplace insurance is guaranteed convertible to an individual policy, it will probably b...
by Katietsu
Sun Jul 15, 2018 9:52 pm
Forum: Personal Finance (Not Investing)
Topic: Who are heirs? No will.
Replies: 63
Views: 9532

Re: Who are heirs? No will.

It's been a while since I've posted so I'd like to ask the question(s) in a differently way. Background: The deceased individual lived in Indiana had no will. His spouse, child, parents, grandparents, and siblings all predeceased him. The only related individuals surviving the decendent are his fir...
by Katietsu
Thu Jul 12, 2018 7:40 pm
Forum: Personal Finance (Not Investing)
Topic: Gifting Appreciated Stock to College Student - 2018 version
Replies: 12
Views: 1061

Re: Gifting Appreciated Stock to College Student - 2018 version

So, this is a little tricky because some of it is tied in to the new tax laws which I am only glancingly acquainted with. By giving him up as a dependent, you would lose the $500 credit for dependents who are not eligible for the child tax credit. On the other hand, the son could take advantage of t...
by Katietsu
Thu Jul 12, 2018 10:40 am
Forum: Personal Finance (Not Investing)
Topic: Keeping a checkbook register
Replies: 122
Views: 9840

Re: Keeping a checkbook

I am shocked at how many people have eliminated checks from their lives and yet continue to write a check for property taxes. My county has a fee to pay online :annoyed but no fee to pay by check. I just use my bank's billpay, who fires off a check twice a year on the date I specify. My tax parcel ...
by Katietsu
Wed Jul 11, 2018 6:33 pm
Forum: Personal Finance (Not Investing)
Topic: Credit score after becoming debt free?
Replies: 48
Views: 4138

Re: Credit score after becoming debt free?

We had a car loan for a few months to take advantage of a financing offer. Fico score supplied complimentary by a credit card company went up 30 points. Dropped back down after paying off the car. Sort of nuts but it is the way the model works. However, with a long history and no late pays, the lowe...
by Katietsu
Wed Jul 11, 2018 6:28 pm
Forum: Personal Consumer Issues
Topic: Living above means until March 1st
Replies: 16
Views: 2256

Re: Living above means until March 1st

Two cliches popped into my head when I read the post: -People first, then money, then things. -The Serenity prayer..Grant me the serenity to accept the things I cannot change, Courage to change the things I can, And wisdom to know the difference. Assess your situation. If you are putting things in o...
by Katietsu
Wed Jul 11, 2018 11:42 am
Forum: Personal Finance (Not Investing)
Topic: Gifting Appreciated Stock to College Student - 2018 version
Replies: 12
Views: 1061

Re: Gifting Appreciated Stock to College Student - 2018 version

Ok. So the responses are getting a little confusing because there are so many different facts that can affect the tax calculations. -How old will the son be on Dec 31? -Will the son be a full time student for at least part of 5 months of the year? -Would the parents qualify for the AOTC if the son w...
by Katietsu
Wed Jul 11, 2018 12:15 am
Forum: Personal Finance (Not Investing)
Topic: Gifting Appreciated Stock to College Student - 2018 version
Replies: 12
Views: 1061

Re: Gifting Appreciated Stock to College Student - 2018 version

The AOTC is a maximum of $2500. Of this, $1000 is available as a refundable credit. If you son provides more than half of his support, he would claim his own AOTC. If he had potential tax liability, he could offset it with the AOTC credit. However, if his tax liability was less than the potential cr...
by Katietsu
Tue Jul 10, 2018 2:57 pm
Forum: Personal Finance (Not Investing)
Topic: Grandmas Living Trust... Need Advice
Replies: 22
Views: 1619

Re: Grandmas Living Trust... Need Advice

What is the beneficiary situation like? In other words, if you are her only living relative and will be inheriting everything, then just using a payable on death account is pretty straightforward. But, the more potentially complicated the distribution of her funds, the more likely that a simple POD ...
by Katietsu
Tue Jul 10, 2018 2:52 pm
Forum: Personal Finance (Not Investing)
Topic: Grandmas Living Trust... Need Advice
Replies: 22
Views: 1619

Re: Grandmas Living Trust... Need Advice

Consider looking for a tax professional and paying for advice. Given the poor prognosis, I would not worry about trying to get a return over the next few months. It does make more sense to limit tax mistakes.
by Katietsu
Tue Jul 10, 2018 2:40 pm
Forum: Investing - Help with Personal Investments
Topic: Inherited IRA question
Replies: 11
Views: 711

Re: Inherited IRA question

I don't get this -- you reduce your RMDs by investing in an asset that won't make much money? If that's the goal, why not invest in Florida swampland. That will really reduce your RMDs. :happy Seriously, I don't get this; pls explain. The plan is about the placement of assets not about reducing ove...
by Katietsu
Tue Jul 10, 2018 1:37 pm
Forum: Investing - Help with Personal Investments
Topic: Inherited IRA question
Replies: 11
Views: 711

Re: Inherited IRA question

I don't get this -- you reduce your RMDs by investing in an asset that won't make much money? If that's the goal, why not invest in Florida swampland. That will really reduce your RMDs. :happy Seriously, I don't get this; pls explain. The plan is about the placement of assets not about reducing ove...
by Katietsu
Mon Jul 09, 2018 5:42 am
Forum: Personal Consumer Issues
Topic: WiFi router
Replies: 46
Views: 4302

Re: WiFi router

Adjustable external antennas can make a big difference. Also, consider placement of the router. If you can have it up high, away from walls and floors, not hidden in a cabinet, in a central location, then you are much more likely to be able to get satisfactory coverage with a conventional router.
by Katietsu
Sun Jul 08, 2018 6:23 pm
Forum: Personal Consumer Issues
Topic: Mailbox at UPS Store as Primary Address?
Replies: 12
Views: 1644

Re: Mailbox at UPS Store as Primary Address?

I move long distance every couple years as part of the job and have gotten a transitional mailbox during several moves. UPS Mailboxes work very well if there is a UPS Store nearby. They are available in a variety of term lengths, so a shorter period of time will be available for a local move. If no...
by Katietsu
Sun Jul 08, 2018 10:11 am
Forum: Personal Finance (Not Investing)
Topic: Checkbook balancing software?
Replies: 31
Views: 1958

Re: Checkbook balancing software?

I am not sure what the actual request is. To me, balancing a checkbook involves reconciling the individuals records with the bank records. So, there needs to be an individual record. And it seems that the elderly relative wants that to be a checkbook registrar. I am not sure what purpose the softwar...
by Katietsu
Sat Jul 07, 2018 10:36 am
Forum: Investing - Help with Personal Investments
Topic: Which route for older adult with no retirement?
Replies: 19
Views: 2597

Re: Which route for older adult with no retirement?

The reason it is important to consider your wife is because the US income tax system is very dependent on marital status. Saving in either the traditional or Roth IRA is likely to be OK. Your situation does not clearly point to one being better than the other. We would need to know more specifics ab...
by Katietsu
Wed Jul 04, 2018 10:34 am
Forum: Personal Consumer Issues
Topic: Where to Find Sandals with Adjustable, Velcro Straps for Older Lady
Replies: 18
Views: 1083

Re: Where to Find Sandals with Adjustable, Velcro Straps for Older Lady

Earth Origins are almost all as you describe. In my experience, they also tend to be a bit wider than Teva and have lower arch supports than Vionic.
by Katietsu
Tue Jul 03, 2018 10:56 pm
Forum: Personal Finance (Not Investing)
Topic: what is better Health care option for my son
Replies: 16
Views: 1398

Re: what is better Health care option for my son

The PPO seems pretty obvious given what you’ve said, but I am surprised there are no office visit or emergency room copays. It sounds like the PPO will require you to pay 100% of the cost for office visits and ER visits prior to the $2000 deductible being reached. Then insurance kicks in at 100 % t...
by Katietsu
Tue Jul 03, 2018 6:26 pm
Forum: Investing - Help with Personal Investments
Topic: E-Trade and mega backdoor Roth
Replies: 30
Views: 1627

Re: E-Trade and mega backdoor Roth

Worthit: It would probably be best if you just describe what you want to do without using terminology like backdoor Roth or mega backdoor Roth. How much are you making from your side gig? How much are you looking to get into the retirement plans? Are you making elective deferrals to a 401k or 403b a...
by Katietsu
Mon Jul 02, 2018 9:29 pm
Forum: Personal Consumer Issues
Topic: How do I fix my heating bill?
Replies: 73
Views: 3706

Re: How do I fix my heating bill?

How much are you paying per kWh? In Pennsylvania you can choose your electric supplier so rates can vary greatly.
by Katietsu
Mon Jul 02, 2018 7:11 pm
Forum: Personal Finance (Not Investing)
Topic: Do We need health insurance??
Replies: 137
Views: 9799

Re: Do We need health insurance??

I have encouraged dozens of people to get insurance since the ACA made it possible for most people. I will say that with 14 million dollars you would likely be able to self insure. However, do you really want to gamble? You can afford the insurance and are currently guaranteed acceptance. There is n...
by Katietsu
Sun Jul 01, 2018 4:55 pm
Forum: Investing - Help with Personal Investments
Topic: Helping my MOM with finances/retirement
Replies: 13
Views: 1351

Re: Helping my MOM with finances/retirement

I agree with daveydoo. Slow down and get a handle on the bigger picture first. The is nothing inherently wrong with having two inactive 401k accounts with past employers. And Fidelity PAS gives pretty standard asset allocation advice. So, I suspect your Mom has told them she has other accounts that ...
by Katietsu
Thu Jun 28, 2018 10:16 am
Forum: Personal Consumer Issues
Topic: Save on inflated mobile $$$ plans ?
Replies: 15
Views: 1469

Re: Save on inflated mobile $$$ plans ?

The best plan is going to depend on your needs. How much data? How much talk and text? What data speed do you want? Is there a preferred network? Do you travel and need roaming partner coverage? (For instance, the widely touted Cricket on AT&T only has chunks in the MidWest/West with no coverage whe...
by Katietsu
Wed Jun 27, 2018 8:20 pm
Forum: Personal Consumer Issues
Topic: Sister-in-Law - trouble adulting - Pay medical bill?
Replies: 41
Views: 3819

Re: Sister-in-Law - trouble adulting - Pay medical bill?

You didn't describe any reason that I would feel compelled to gift anything at all for. Trouble adulting? At age 38? Does not qualify imo. But to each his own. Good luck. The gift is for a psychiatrist. That would be a good reason for me. If you want somebody to keep moving forward, removing mental...
by Katietsu
Wed Jun 27, 2018 11:27 am
Forum: Personal Consumer Issues
Topic: 6 week minivan or SUV rental
Replies: 8
Views: 1085

Re: 6 week minivan or SUV rental

If you're counting on your credit card for supplemental insurance, note that most only cover rentals that are less than 30 days. So you might want to break it up into 2 rentals. Also, this is a situation where it'd be highly advantageous to rent from an off-airport location, which usually have lowe...
by Katietsu
Tue Jun 26, 2018 2:57 pm
Forum: Personal Consumer Issues
Topic: I've been swindled!
Replies: 21
Views: 5594

Re: I've been swindled!

If you think it is a legit company, I would not assume that you had been swindled. It has only been 1 month. I have certainly had items that took longer than that to procur. Is this a case of someone planning to keep your money and give you nothing in return? Or is this someone who implied that they...
by Katietsu
Tue Jun 26, 2018 2:47 pm
Forum: Personal Consumer Issues
Topic: Family dynamics/in laws/am I being petty?
Replies: 143
Views: 7853

Re: Family dynamics/in laws/am I being petty?

First of all, there is a history of just splitting bill. So, they have already established a practice of being flexible with the check, ie not pulling out a calculator to figure out who ordered what. Assume the OP is spending an extra $25, six times a year, for $150. Given that the relatives are not...
by Katietsu
Tue Jun 26, 2018 9:20 am
Forum: Personal Consumer Issues
Topic: university admission issue
Replies: 27
Views: 3302

Re: university admission issue

The key missing piece of information is how far from meeting the prerequisites is the applicant? And will the lack of the prerequisites affect the person’s ability to complete the courses or work as scheduled? Prerequisites can be waived or permission can be granted to finish them out of order. But ...
by Katietsu
Mon Jun 25, 2018 6:21 pm
Forum: Investing - Theory, News & General
Topic: U.S. stocks in freefall
Replies: 7832
Views: 1607456

Re: U.S. stocks in freefall

Ooh this is the first time I’m going to attempt TLH. Estimating about $1000 in short term losses in VTIAX (Total Intl). 35% federal bracket, so I’m happy. Vanguard warned that July 25 is 30 days as part of their frequent trading policy, so that means I have to wait until July 26 to reinvest right? ...
by Katietsu
Sat Jun 23, 2018 8:47 pm
Forum: Personal Finance (Not Investing)
Topic: This is ridiculously expensive LTCi, right? Or maybe not?
Replies: 78
Views: 4656

Re: This is ridiculously expensive LTCi, right? Or maybe not?

She has a current monthly benefit of $7,665 that increases at 4% year. Her benefit period is lifetime. $7,665*12 = $91,980 per year benefit That would be able to support a VERY nice LTC facility. How much do the nice facilities in her area cost? It may be that she will be eligible for better care t...
by Katietsu
Fri Jun 22, 2018 3:45 pm
Forum: Personal Consumer Issues
Topic: How do find a good doctor for chronic hives
Replies: 25
Views: 1570

Re: How do find a good doctor for chronic hives

While you wait for medical help, do try to limit exposure to things that could cause an allergic reaction and keep a journal. We just solved my friend’s case of hives after a month by going through a list of products to determine what changed recently. In this case, it was a new moisturizer. My neph...
by Katietsu
Thu Jun 21, 2018 10:09 pm
Forum: Investing - Help with Personal Investments
Topic: Questions about RMD and insurance.
Replies: 11
Views: 1199

Re: Questions about RMD and insurance.

The government and University plans that I am familiar with offer retirees a different health insurance option if they are already on Medicare compared to employees retiring prior to age 65. If the employer does not offer a plan specifically for Medicare eligible retirees, then it is unlikely that t...
by Katietsu
Thu Jun 21, 2018 8:11 am
Forum: Personal Consumer Issues
Topic: Need new Cable Modem + Router - Please recommend
Replies: 39
Views: 2768

Re: Need new Cable Modem + Router - Please recommend

I hope you are aware that Comcast removed the ability to set recordings remotely over 6 months ago. It was done without notice and it looks like it may never be provided in the future. If that’s a feature you used with FIOS, you will miss it. Also, Comcast is no different than any of the other ISPs...
by Katietsu
Wed Jun 20, 2018 11:22 am
Forum: Personal Consumer Issues
Topic: iPad/iOS - feature or bug?
Replies: 13
Views: 963

Re: iPad/iOS - feature or bug?

I could only make it happen on a different iOS device when I used private browsing. Are you using settings that are restricting the information needed to take you back to the point you were at?
by Katietsu
Wed Jun 20, 2018 3:37 am
Forum: Personal Finance (Not Investing)
Topic: Missed RMD - IRS penalty waiver process?
Replies: 13
Views: 1410

Re: Missed RMD - IRS penalty waiver process?

I have never heard of anyone being charged a penalty in the situation you described. Did you write RC with the amount of the RMD in parenthesis on the dotted line next to line 54 as well as a zero for the line itself?
by Katietsu
Tue Jun 19, 2018 2:46 pm
Forum: Personal Consumer Issues
Topic: gray hair
Replies: 130
Views: 9204

Re: gray hair

I would start with considering a change in hairstyles. Men can often put off the aging effect of the grey hair by 5 or 6 years by a change in hairstyle. If you buy solid good quality color, most people can DIY. I would consider starting with a shade lighter than your natural color. I am surprised by...
by Katietsu
Sun Jun 17, 2018 10:33 am
Forum: Investing - Help with Personal Investments
Topic: When most 401K savings are in one spouse's name
Replies: 18
Views: 2635

Re: When most 401K savings are in one spouse's name

Thank you for posting this. It has been on my mind the last couple years since my DH upped his retirement savings to over 60k a year. A majority are already in his name. I hope someone with answers instead of questions comes along. I started wondering in I should make non deductible traditional IRA ...
by Katietsu
Fri Jun 15, 2018 1:59 pm
Forum: Personal Finance (Not Investing)
Topic: Upping federal withholding allowances didn't work?
Replies: 15
Views: 1358

Re: Upping federal withholding allowances didn't work?

Here where you can find the publication that tells employers how much to withhold. https://www.irs.gov/pub/irs-pdf/p15.pdf Allowances are what you report on the W-4 to affect withholding. Allowances are related to dependents and many use the word interchangeably. But you do not actually claim depen...
by Katietsu
Fri Jun 15, 2018 12:47 pm
Forum: Personal Finance (Not Investing)
Topic: death certificates...hospice and 911
Replies: 32
Views: 3085

Re: death certificates...hospice and 911

Much of the answer depends upon local law and whether your local follows the ancient Coroner system or the more modern Medical Examiner system. Since I moved away from this rural area a long time ago, I don't follow all details. However, a few years ago, the County Coroner was not a physician - but...
by Katietsu
Fri Jun 15, 2018 12:31 pm
Forum: Personal Finance (Not Investing)
Topic: death certificates...hospice and 911
Replies: 32
Views: 3085

Re: death certificates...hospice and 911

I don't believe hospice had anything to do with the death certificate in the case I'm familiar with. Frankly hospice was very helpful until death and then things went downhill fast. Their overriding consideration was accounting for and destroying (an hours-long process) every drug. I found that whe...
by Katietsu
Fri Jun 15, 2018 12:27 pm
Forum: Personal Finance (Not Investing)
Topic: can we afford to spend $20K on travel annually
Replies: 89
Views: 7603

Re: can we afford to spend $20K on travel annually

Read some of the threads about traveling with kids that young. As I am sure you realize, you will need a different itinerary than in your pre-kid travel days. I think $20,000 seems like a lot but everyone has their own idea of travel lifestyle. Many of the things that young kids like - swimming in t...
by Katietsu
Thu Jun 14, 2018 1:32 pm
Forum: Personal Finance (Not Investing)
Topic: Upping federal withholding allowances didn't work?
Replies: 15
Views: 1358

Re: Upping federal withholding allowances didn't work?

Here where you can find the publication that tells employers how much to withhold. https://www.irs.gov/pub/irs-pdf/p15.pdf Allowances are what you report on the W-4 to affect withholding. Allowances are related to dependents and many use the word interchangeably. But you do not actually claim depend...
by Katietsu
Thu Jun 14, 2018 1:15 pm
Forum: Personal Finance (Not Investing)
Topic: Upping federal withholding allowances didn't work?
Replies: 15
Views: 1358

Re: Upping federal withholding allowances didn't work?

What is your filing status and your income from your job? What is the filing status on your W-4 or online equivalent?
by Katietsu
Thu Jun 14, 2018 11:11 am
Forum: Personal Finance (Not Investing)
Topic: add to DW 401k while withdrawing from (self) 403b?
Replies: 19
Views: 978

Re: add to DW 401k while withdrawing from (self) 403b?

I agree that it is likely not going to make much difference. There are a few things I can think of that could be impacted. If you and your wife are different ages, it will eventually affect RMD’s. And state taxes can sometimes be affected by how the income is split between spouses. Medicaid nursing ...