Search found 1605 matches

by Katietsu
Thu Jun 14, 2018 11:04 am
Forum: Personal Finance (Not Investing)
Topic: Experiences with 1099 INT reporting and/or manually adjusting state tax exempt US Agency bond interest?
Replies: 5
Views: 425

Re: Experiences with 1099 INT reporting and/or manually adjusting state tax exempt US Agency bond interest?

The general answer to your question is that the 1099-INT and 1099-DIV do not address state tax treatment. Sometimes they provide enough information directly to determine appropriate state tax treatment, ie US Savings Bond interest. Sometimes it can take a lot of research to obtain the information ne...
by Katietsu
Wed Jun 13, 2018 11:25 pm
Forum: Personal Consumer Issues
Topic: completely free background check website
Replies: 7
Views: 1576

Re: completely free background check website

You can get basic information, like address and age, free for most people. I also frequently see potential relatives listed but I do not know if I would rely on it. I usually just google the name and state and end up at a variety of web sites. Just tried it and ended up at fastpeoplesearch.com. It s...
by Katietsu
Wed Jun 13, 2018 10:57 pm
Forum: Investing - Help with Personal Investments
Topic: Role of Annuity For Savers Who have 20+ years until Retirement
Replies: 32
Views: 2571

Re: Role of Annuity For Savers Who have 20+ years until Retirement

Just last week, a co-worker talked about a Met Life annuity that he was considering. He cited an 8% guarantee for 6 years and no surrender charge at that point. While I was sure Met Life was not giving guaranteed money away, I did wonder where the catch was that this relatively savvy man surely mus...
by Katietsu
Wed Jun 13, 2018 10:23 pm
Forum: Investing - Help with Personal Investments
Topic: Role of Annuity For Savers Who have 20+ years until Retirement
Replies: 32
Views: 2571

Re: Role of Annuity For Savers Who have 20+ years until Retirement

A co-worker talked about a Brighthouse annuity that he was considering. She cited an 8% guarantee for 6 years and no surrender charge at that point. While I was sure Brighthouse was not giving guaranteed money away, I did wonder where the catch was that this relatively savvy person surely must be ov...
by Katietsu
Wed Jun 13, 2018 1:07 pm
Forum: Investing - Help with Personal Investments
Topic: [Looking for ways to reduce taxes and keep more of my income]
Replies: 91
Views: 9439

Re: Getting killed on taxes - any ideas?

OP comes across as a humble brag. Even on this forum, I doubt if more than 25% make that kind of money (though I could be wrong!). OP statistically is actually part of the 1%... I believe an income of $380k/yr or higher puts you in the top 1% in the entire country. And paying 22% tax on that kind o...
by Katietsu
Tue Jun 12, 2018 12:02 am
Forum: Personal Finance (Not Investing)
Topic: How to find a tax adviser?
Replies: 4
Views: 607

Re: How to find a tax adviser?

As far as dealing with the capital gains, I would seriously consider going back to the person who did the original return. It is so much easier for her to amend the return than it is for someone else to have to start by recreating the original. Then go look for someone different to help you with tax...
by Katietsu
Mon Jun 11, 2018 7:03 pm
Forum: Personal Finance (Not Investing)
Topic: death certificates...hospice and 911
Replies: 32
Views: 3085

Re: death certificates...hospice and 911

The appropiate procedure is going to depend on your locality. Talk to the hospice provider. In my experience, if death is anticipated within 24 hours, they will provide almost constant nursing staff if you wish. The hospice staff will coordinate with the funeral home. In one situation where hospice ...
by Katietsu
Mon Jun 11, 2018 4:23 pm
Forum: Personal Consumer Issues
Topic: How do you celebrate (potty trained kid) milestone with your spouse?
Replies: 93
Views: 5647

Re: How do you celebrate (potty trained kid) milestone with your spouse?

I too can’t relate to celebrating. But, you could get your wife something small and personal to show that you recognize the effort involved. For me, this is something like getting up early Saturday and driving 3 miles to bring back my favorite coffee drink and writing a message on the cup. Or it cou...
by Katietsu
Mon Jun 11, 2018 2:00 pm
Forum: Personal Finance (Not Investing)
Topic: Judgement Proof and in your 20's (Massachusetts)
Replies: 11
Views: 1866

Re: Judgement Proof and in your 20's (Massachusetts)

The best case would be for the person to at least develop a plan now. There are forums and websites that are dedicated to people in this situation where you might get better information than here. You do need to be careful because there are also those who “kick em when they are down.” I mean the per...
by Katietsu
Mon Jun 11, 2018 12:11 pm
Forum: Personal Finance (Not Investing)
Topic: Do I need an umbrella insurance policy?
Replies: 16
Views: 2263

Re: Do I need an umbrella insurance policy?

You break it, you buy it. Think of it like a car accident when the other driver is at fault. Their insurance would pay your damages. But, if they do not pay, your insurance would step in. Obviously, many stores will let the breakage of low value items pass as it is not worth the bad feelings to coll...
by Katietsu
Sun Jun 10, 2018 10:33 pm
Forum: Personal Consumer Issues
Topic: Foreign language immersion daycare
Replies: 50
Views: 2990

Re: Foreign language immersion daycare

We are expecting our first child this fall and are exploring childcare options.
I suspect that by next spring you may be laughing at yourselves when you think back on this decision. I think you may be underestimating how precious that 1.5 hours of time will be to you and your child.
by Katietsu
Thu Jun 07, 2018 10:15 pm
Forum: Personal Consumer Issues
Topic: Do you think I need FIOS Quantum Gateway router with 940Mbps speed?
Replies: 29
Views: 2575

Re: Do you think I need FIOS Quantum Gateway router with 940Mbps speed?

1) Is your current modem/router 10 years old? 2) If it is that old, then start by replacing it. You could start by renting the new modem/router for $3/ month. If that solves your problem, you know you do not need to consider solutions like a mesh system. 3) Read about how placement of the wifi route...
by Katietsu
Wed Jun 06, 2018 2:52 pm
Forum: Personal Finance (Not Investing)
Topic: Can a Retired 60 yo MD, MBA Start a Law Career?
Replies: 276
Views: 15362

Re: Can a Retired 60 yo MD, MBA Start a Law Career?

No one has really discouraged him from going to law school if he wants to be a lawyer or has a great interest in learning the law. That's not what he's after. He has basically asked is it realistic for him to take up the violin at age 60 and become a concert violinist with a major orchestra. +1, wi...
by Katietsu
Wed Jun 06, 2018 9:09 am
Forum: Personal Consumer Issues
Topic: Mobile Fax
Replies: 8
Views: 929

Re: Mobile Fax

DoTheMath wrote:
Wed Jun 06, 2018 6:25 am
There is the Genius Scan app for the Iphone. I use it to generate pdf files of documents when I need to email them to someone. For a fee they also also you to fax them. It works reasonably well.
Scanbot does the same thing. Pretty easy to use.
by Katietsu
Tue Jun 05, 2018 12:32 pm
Forum: Personal Finance (Not Investing)
Topic: Downsize due to tax law change?
Replies: 31
Views: 1912

Re: Downsize due to tax law change?

I think you are comparing the wrong two situations. You are using your your current house with the old tax law as your default. That situation does not exist. Forget about it. Sort of like a sunk cost with investing. The only question you need to ponder now is do I want to live in the current house ...
by Katietsu
Sun Jun 03, 2018 8:24 pm
Forum: Personal Consumer Issues
Topic: Is our monthly Personal money out of line?
Replies: 74
Views: 8114

Re: Is our monthly Personal money out of line?

It sounds like your wife’s spending is within a normal range for a household with a family income of $200,000. I feel I am very frugal, no mani/pedis, no expensive brands, etc. But I was surprised when I started adding up the the cost of a mid priced cut and color; mid priced cosmetics, moisturizers...
by Katietsu
Sun Jun 03, 2018 11:27 am
Forum: Investing - Help with Personal Investments
Topic: Millennial being offered participation in a pension plan
Replies: 4
Views: 736

Re: Millennial being offered participation in a pension plan

I am not sure about your analysis. Maybe I am not following you correctly. It seems unlikely that your salary would only be $170,000 in 20 years if it is $150,000 now. A 2% inflation adjustment would have you over $220,000. So that would mean that you think the $150,000 is high for the type of job, ...
by Katietsu
Sun Jun 03, 2018 3:13 am
Forum: Personal Finance (Not Investing)
Topic: 125K Spend - Would you do this ?
Replies: 53
Views: 5422

Re: 125K Spend - Would you do this ?

confusedinvestor wrote:
Sat Jun 02, 2018 12:10 am
another options would be to put a futon bed in our living room.
If you want to look into this option, check out Otis futon mattresses. They make products for both the consumer and medical market.
by Katietsu
Sat Jun 02, 2018 11:30 am
Forum: Personal Consumer Issues
Topic: Friends with an EJ Advisor
Replies: 49
Views: 4369

Re: Friends with an EJ Advisor

I would be comfortable letting him know that you are committed to managing your investments yourself. I would find it more awkward if I was using a different advisor.
by Katietsu
Fri Jun 01, 2018 11:15 pm
Forum: Personal Consumer Issues
Topic: Driving UHaul
Replies: 20
Views: 2289

Re: Driving UHaul

Have you considered https://www.upack.com/abf ? This is just the opposite of what I have always done. I have hired movers to load the truck and sometimes unload while I did the driving. I never thought the driving part was very difficult, up to the 22 ft or so truck. I would suggest timing your dri...
by Katietsu
Fri Jun 01, 2018 7:54 pm
Forum: Investing - Help with Personal Investments
Topic: [TAX] Have money invested in mutual funds, but plans changed.
Replies: 15
Views: 874

Re: [TAX] Have money invested in mutual funds, but plans changed.

Some questions to consider in making your decision: -How sure are you that you will want this $50000 in the next couple of years? -How would you handle a $10000 or $20000 loss? -How long before the $1800 is a long term gain? Are you sure the $1800 is all cap gain or is it part of the increase in val...
by Katietsu
Fri Jun 01, 2018 3:48 pm
Forum: Personal Finance (Not Investing)
Topic: I think I made an Traditional IRA mistake- Can it be fixed?
Replies: 60
Views: 3921

Re: I think I made an Traditional IRA mistake- Can it be fixed?

OP, I think you are still confused. EDIT: Until your last post. Good job. And I think many of the posts are adding to the confusion. You have a very simple situation if I understand correctly. You want to make a traditional IRA contribution. You have done this already. You want to take a tax deducti...
by Katietsu
Fri Jun 01, 2018 12:32 pm
Forum: Personal Consumer Issues
Topic: Advice for assisting 18 year old son after high school
Replies: 70
Views: 5850

Re: Advice for assisting 18 year old son after high school

I think the basic framework of the original plan is a good place to start. I have been part of a similar situation in the last year and the plan has mostly worked out. I agree with the person who talked about a crawl/walk/run progression. I view some of the suggestions in this thread to be akin to t...
by Katietsu
Fri Jun 01, 2018 11:18 am
Forum: Personal Finance (Not Investing)
Topic: UPDATE My Medigap Plan G went from 115 to 251
Replies: 33
Views: 3835

Re: My Medigap Plan G went from 115 to 251

The biggest risk with a MA plan is that you lose your ability to sign up for a Medigap plan without medical underwriting as long as any MA plan is offered in your area. So if you have two MA plans in your area, and the plan that worked well for you ceases to exist, you will need to move to the other...
by Katietsu
Wed May 30, 2018 4:57 pm
Forum: Personal Finance (Not Investing)
Topic: Have $3m at 33, "approach to career" advice needed
Replies: 100
Views: 14790

Re: Have $3m at 33, "approach to career" advice needed

I understand why many comments are towards starting your own business. I think if you have the right business idea and the right skills to make it successful, that would be a natural path. I would be concerned about starting a business just because you don’t see an available alternative that you lik...
by Katietsu
Tue May 29, 2018 2:21 pm
Forum: Personal Finance (Not Investing)
Topic: Can we retire in 2018?
Replies: 103
Views: 9142

Re: Can we retire in 2018?

Is the OP willing to move in order to obtain health insurance if necessary? If not, does the OP live in a state with a high likelihood of maintaining good access to health insurance if the ACA is changed? Also, is the expense number realistic? I say this as $1.5 million seems low for someone who has...
by Katietsu
Tue May 29, 2018 12:01 pm
Forum: Personal Consumer Issues
Topic: Advice on neighbor not keeping up his property...
Replies: 103
Views: 7987

Re: Advice on neighbor not keeping up his property...

Home ownership, what goes on within the 4 boundaries of the property line is the business of the homeowner, not the neighbor. Unless there is a true violation of town code or an immediate hazard to life and limb, you are going to need to learn to enjoy the view. Removing limbs from his property bec...
by Katietsu
Sat May 26, 2018 11:20 am
Forum: Personal Finance (Not Investing)
Topic: Does IRS penalize for overpayment of taxes?
Replies: 19
Views: 2218

Re: Does IRS penalize for overpayment of taxes?

masonstone wrote:
Fri May 25, 2018 7:39 pm
Can you give a portion of your previous years taxes to avoid being penalized? I have a CPA but obviously he's making mistakes.
Also consider if you should base your estimated payments on your previous year’s tax liability instead of your current year’s income.
by Katietsu
Fri May 25, 2018 9:48 am
Forum: Personal Consumer Issues
Topic: Alexa Echo sent family's audio file to a contact
Replies: 64
Views: 6182

Re: Alexa Echo sent family's audio file to a contact

I know they are wildly popular, but I for one will never purchase one of these devices. I just don't find myself having the problems these things are promoted to solve. 100% in agreement here. Seems like most of these smart devices are created to solve problems that really don't need solving in the...
by Katietsu
Fri May 25, 2018 9:21 am
Forum: Investing - Theory, News & General
Topic: Fear vs. reality. Don't worry. Be happy. [Outliving your retirement savings]
Replies: 41
Views: 4937

Re: Fear vs. reality. Don't worry. Be happy.

RetireBy55 wrote:
Thu May 24, 2018 5:24 pm
I can't fathom that the annual medical costs for "90% of retirees" is less than $2,000. Balderdash.
The premiums for Medicare Parts B and D with a mediocre Medigap policy will be more than that. They must not be including premiums in that estimate.
by Katietsu
Fri May 25, 2018 8:30 am
Forum: Investing - Theory, News & General
Topic: New Trend: Bonds in Roth IRA
Replies: 16
Views: 2861

Re: New Trend: Bonds in Roth IRA

I started with fixed income in Roth because I viewed the Roth accounts as a second tier emergency fund. I had no access to the money in the employer accounts, unless the emergency had involved job loss. I still have some fixed income there because it has a guaranteed minimum 4% rate that I have trou...
by Katietsu
Thu May 24, 2018 1:56 pm
Forum: Personal Finance (Not Investing)
Topic: Additional Liability of Getting Married (Protecting Taxable accounts)
Replies: 18
Views: 1982

Re: Additional Liability of Getting Married (Protecting Taxable accounts)

I think you have a false impression of a trust. Your fiancé can not just go open a revocable trust, put her brokerage account inside of it, retain full control and then be protected from divorce and lawsuits. This is the impression I too had earlier in my life from popular culture. If she is likely ...
by Katietsu
Thu May 24, 2018 12:15 pm
Forum: Personal Consumer Issues
Topic: Decision points on new Iphone
Replies: 19
Views: 1363

Re: Decision points on new Iphone

Your friend is probably referring to the idea that the 8 will be able to run the latest iOS and apps for longer than the 7. The 8 has the same performance as the X which is much improved over the 7. Also, the 8 you are looking at probably has twice as much storage as the 7. So, if it turns out that ...
by Katietsu
Mon May 21, 2018 8:32 pm
Forum: Personal Consumer Issues
Topic: Unknown issue porting FIOS number to Cox
Replies: 11
Views: 1032

Re: Unknown issue porting FIOS number to Cox

I do not know the rules. But my experience has been that the one day porting time frame has been told to me when switching the number between two mobile phone carriers. When I ported out of Comcast, I was told that all their ports require 10-14 days. So 3-5 days would have been fast.
by Katietsu
Mon May 21, 2018 8:28 pm
Forum: Personal Finance (Not Investing)
Topic: Assisted Living tax deduction as medical expense
Replies: 23
Views: 2183

Re: Assisted Living tax deduction as medical expense

My wife gets a monthly statement of expenses (bill) from her mother's assisted living provider. We provided those 12 statements to the person that prepares my mother in law's taxes. As expected, medical expenses exceeded income. Please be careful. Many tax preparers do not distinguish between the d...
by Katietsu
Mon May 21, 2018 8:19 pm
Forum: Personal Finance (Not Investing)
Topic: property tax assessment
Replies: 9
Views: 1032

Re: property tax assessment

There are people you can hire in my area that will handle everything for the amount they save you in taxes in the first year. A conversation with someone like that might give you an indication of your chance of a meaningful change.
by Katietsu
Mon May 21, 2018 8:05 pm
Forum: Investing - Help with Personal Investments
Topic: TIAA traditional/divorce/RMD questions
Replies: 12
Views: 865

Re: TIAA traditional/divorce/RMD questions

Here is some language from a TIAA form from a couple of years ago. I would see if you can find the information associated with your spouse’s accounts and then look into what might be done about it. "If my employer’s plan requires TIAA to issue me new Minimum Distribution Option Contracts, then payme...
by Katietsu
Mon May 21, 2018 2:15 pm
Forum: Personal Consumer Issues
Topic: Update: New iPhone - Older iPhone text msgs disappear
Replies: 29
Views: 1990

Re: Older iPhone text msgs disappear

Go to settings. Scroll down to messages. Select. The first choice at the top is imessages. Use the button to turn off iMessages. Make a note at what other choices are on and off on that screen and report back here if you wish. The message icon on the iPhone accessed texts sent both as regular SMS te...
by Katietsu
Mon May 21, 2018 10:55 am
Forum: Personal Consumer Issues
Topic: Update: New iPhone - Older iPhone text msgs disappear
Replies: 29
Views: 1990

Re: Older iPhone text msgs disappear

Do you have iMessages on or off? I would try it the opposite of whatever you have been doing. I would also see if it makes a difference whether or not the sender is using iMessage. Also, I agree with the person who suggested that the messages could still be tied to a second device. Did you ever use ...
by Katietsu
Mon May 21, 2018 1:08 am
Forum: Investing - Theory, News & General
Topic: Don't leave your non-spouse heirs TIRAs with basis, unless you hate them!
Replies: 92
Views: 9624

Re: Don't leave your non-spouse heirs TIRAs with basis, unless you hate them!

wrongfunds wrote:
Mon May 07, 2018 11:47 am
I am presuming we are not the only ones who have been religiously filing Form 8606. The time we started, we did not have the ROTH option or the backdoor ROTH option.
There was also not a reduced rate for capital gains and qualified dividends.
by Katietsu
Sun May 20, 2018 2:59 pm
Forum: Investing - Help with Personal Investments
Topic: Buying an etf (bid ask spread)
Replies: 5
Views: 559

Re: Buying an etf (bid ask spread)

You also should be aware the TD Ameritrade has 24 hour 5 day a week trading for a limited number of etfs/stocks. So I would guess that you could end up with a way above average spread if you put a market order in at 2 AM.
by Katietsu
Sat May 19, 2018 8:58 pm
Forum: Personal Consumer Issues
Topic: Where to find movers for a couch?
Replies: 16
Views: 1418

Re: Where to find movers for a couch?

Try calling places that rent trucks for self moves like Uhaul. They sometimes have guys that are willing to help with a move. I don’t know whether or not the cost would be acceptable for just a used couch.
by Katietsu
Sat May 19, 2018 9:46 am
Forum: Investing - Theory, News & General
Topic: If RMD are large should you still defer into 401k
Replies: 32
Views: 3455

Re: If RMD are large should you still defer into 401k

You could consider shifting your deferrals to a Roth account if available. Then before retirement, roll it to a Roth IRA and avoid MRDs. You give up the current tax deduction but save later. Agreed that using a Roth 401k seems like it would be preferable to stopping contributions. Also note that th...
by Katietsu
Sat May 19, 2018 9:09 am
Forum: Personal Finance (Not Investing)
Topic: Assisted Living tax deduction as medical expense
Replies: 23
Views: 2183

Re: Assisted Living tax deduction as medical expense

I agree with DetroitRick. There are a few more details that you will need to know. For instance, if you want to deduct the expenses that are classified by the facility as room and board (as opposed to medical), the documentation needs to occur before the expense. In other words, you can not go back ...
by Katietsu
Fri May 18, 2018 11:00 pm
Forum: Personal Consumer Issues
Topic: Xfinity Mobile phone service
Replies: 10
Views: 1326

Re: Xfinity Mobile phone service

Last I looked, you could bring your own phone to Xfinity but it had to be an iPhone.
by Katietsu
Thu May 17, 2018 1:09 pm
Forum: Personal Finance (Not Investing)
Topic: somebody is using our address
Replies: 45
Views: 5170

Re: somebody is using our address

If this is a criminal who has been to jail, then I think it could be imprudent to become adversarial.

I would speak with police and post office for advice before doing anything. I would also put up very visible security cameras.

You do not want to trade a small problem for a serious one.
by Katietsu
Thu May 17, 2018 11:42 am
Forum: Investing - Help with Personal Investments
Topic: Urgent: escrow situation in bay area
Replies: 50
Views: 3399

Re: Urgent: escrow situation in bay area

IF you decide you want to get out, do so as soon as possible. The seller is much more likely to be cooperative the sooner you do it. Next, meet with a real estate lawyer. In my case, I agreed to let the buyer have the escrow money, which was just a couple thousand dollars in return for a release of ...
by Katietsu
Thu May 17, 2018 11:13 am
Forum: Personal Finance (Not Investing)
Topic: Is it worth quitting my private-sector job and taking a government job so I can invest in the 457 account, too?
Replies: 15
Views: 1858

Re: Is it worth quitting my private-sector job and taking a government job so I can invest in the 457 account, too?

Long story short: I have a private-sector job where I'm maxing out the HSA and 403(b). (I put in after-tax monies every year into my Roth IRA, too.) If I leave this job for a state government job, I'll almost certainly have to take a little bit of a pay cut, but then I'll get the 457 account. And w...
by Katietsu
Wed May 16, 2018 12:31 pm
Forum: Personal Finance (Not Investing)
Topic: Golden Handcuffs
Replies: 53
Views: 9274

Re: Golden Handcuffs

I’ll go ahead and vent my biggest fear: I was with a good company for 10 years, moving up but felt like it was time to move jobs (a bad manager helped with that decision). I switched to the company im with now, but a totally different role. The company is great, but I feel like I went from doing ev...
by Katietsu
Wed May 16, 2018 12:17 pm
Forum: Personal Finance (Not Investing)
Topic: Why can't you rollover a retirement account into another one that you no longer work at?
Replies: 33
Views: 2140

Re: Why can't you rollover a retirement account into another one that you no longer work at?

I would wait until I got a new job. Then, decide whether it is best to: 1) Roll the funds from plan A and B into the new plan C. Or 2) Roll the plans from A and B into a personal IRA at a low cost provider like Fidelity, Vanguard, or Schwab. The advantage of (1) is that you would have just one accou...