Search found 342 matches

by 2cents2
Wed Apr 23, 2014 10:12 am
Forum: Personal Consumer Issues
Topic: Where would you retire, if $ were no object?
Replies: 89
Views: 22266

Re: Where would you retire, if $ were no object?

Where would you retire, if $ were no object?
San Diego, CA...

One more question: if you aren't living there now, why not?

1. Can't afford it.
2. DH still has a job (in VA).
by 2cents2
Sun Apr 20, 2014 1:34 pm
Forum: Personal Finance (Not Investing)
Topic: Caught in the IRS fraud mess
Replies: 24
Views: 6565

Re: Caught in the IRS fraud mess

Placeholder, just want to wish you luck. This happened to my mother for her 2012 return filed in February 2013. Submitted it with the affidavit and police report. She did not get her refund check until April 1, 2014. It took them until September 2013 to investigate and they agreed with the numbers ...
by 2cents2
Sat Apr 19, 2014 11:19 am
Forum: Personal Finance (Not Investing)
Topic: POLL: why carry cash?
Replies: 243
Views: 21946

Re: POLL: why carry cash?

sscritic wrote:Donuts.

Do you really use a credit card for 65 cents? It probably costs the merchant more than that to process your charge.
That's funny--Randy's Donuts was the first thing that popped into my head. (They only accept cash. :mrgreen: )
by 2cents2
Wed Apr 16, 2014 9:14 am
Forum: Personal Finance (Not Investing)
Topic: Paying car loan vs. Investing in Roth IRA
Replies: 6
Views: 1018

Re: Paying car loan vs. Investing in Roth IRA

corysold wrote:I thought about the compounding effect long term, but don't I have to weigh that against the negative compounding effect of always having a car loan?
Yes--you are right.
by 2cents2
Wed Apr 16, 2014 8:42 am
Forum: Personal Finance (Not Investing)
Topic: When to terminate an irrevocable trust?
Replies: 11
Views: 1418

Re: When to terminate an irrevocable trust?

I don't know the answer to this question, but I was wondering if the tax treatment of the assets in the irrevocable trust are subject to the kiddie tax just like they would be in a UGMA/UTMA account?
by 2cents2
Wed Apr 16, 2014 7:52 am
Forum: Personal Finance (Not Investing)
Topic: Paying car loan vs. Investing in Roth IRA
Replies: 6
Views: 1018

Re: Paying car loan vs. Investing in Roth IRA

By my math, if I pay the minimum due on the loan, $155, for the next 7 months, plus the additional $1,000 slated for the Roths, I'll have the car paid off and $0 in the Roth IRA. However, that $7,000 would have garnered a 6.9% return. Pretty good in today's market I assume. Also, if you paid off yo...
by 2cents2
Sat Apr 12, 2014 4:56 pm
Forum: Investing - Help with Personal Investments
Topic: 24, Portfolio review please
Replies: 5
Views: 738

Re: 24, Portfolio review please

I think the idea of redeeming some of the bonds in order to max my Roth IRA contributions is great, however, (I definitely could be wrong about this) but doesn't the interest earned on EE savings bonds count as passive income? In order to contribute to a Roth IRA, isn't it based off of earned incom...
by 2cents2
Sat Apr 12, 2014 12:04 pm
Forum: Personal Consumer Issues
Topic: Passport, TSA Pre-Check, and Global Entry
Replies: 65
Views: 9016

Re: Passport, TSA Pre-Check, and Global Entry

Cool. Thanks for the link.
by 2cents2
Sat Apr 12, 2014 11:20 am
Forum: Investing - Help with Personal Investments
Topic: 24, Portfolio review please
Replies: 5
Views: 738

Re: 24, Portfolio review please

Series EE Savings Bonds: 35k (receiving various rates, some as high as 4% Would some of your bonds be over 20 years old? Right now, you are in a low tax bracket. What is your expected tax bracket when the bonds mature and stop paying interest? Do you have a phase out plan for when the bonds stop pa...
by 2cents2
Sat Apr 12, 2014 9:53 am
Forum: Personal Consumer Issues
Topic: Passport, TSA Pre-Check, and Global Entry
Replies: 65
Views: 9016

Re: Passport, TSA Pre-Check, and Global Entry

Can you have an appointment at BWI or Reagan? I haven't used it, but according to the web site there is an office in downtown DC Downtown D.C. Global Entry Enrollment Center Enrolls 10,000th Applicant http://www.cbp.gov/newsroom/local-media-release/2013-08-30-040000/downtown-dc-global-entry-enrollm...
by 2cents2
Sat Apr 12, 2014 6:38 am
Forum: Personal Finance (Not Investing)
Topic: Making a Will (Young Couple)
Replies: 16
Views: 1901

Re: Making a Will (Young Couple)

I think it is a good idea to get an attorney to draw up your will. It is just too important to take a chance that there is something wrong with the document. Each state is different, too. Here are a couple of examples for the state of Virginia. So, what happens if only one spouse dies and there is s...
by 2cents2
Thu Apr 03, 2014 8:08 am
Forum: Investing - Help with Personal Investments
Topic: Putting $ away for children
Replies: 103
Views: 8747

Re: Putting $ away for children

So I guess another way to phrase the question would be to ignore the kids, and just say...if you had $200,000 to invest for 40+ years, how would you invest it :D I would ask you another question. What is the point of giving your adult kids a gift of money that they can not use and enjoy for 40 year...
by 2cents2
Mon Mar 31, 2014 8:06 am
Forum: Personal Finance (Not Investing)
Topic: Best way to cancel credit card
Replies: 14
Views: 2096

Re: Best way to cancel credit card

1. If you are using e-statements, make sure you print out any copies of any statement you want to keep after the account is closed. 2. Call CC company and close the account. Request a letter stating the CC was closed at customer's request. 3. Take customer service reps name, date and time. 4. Cut up...
by 2cents2
Mon Mar 31, 2014 7:23 am
Forum: Personal Finance (Not Investing)
Topic: Need help with time share offer
Replies: 22
Views: 2703

Re: Need help with time share offer

You should look for re-sales on the same property you are considering and see what they are going for. This might take some of the shine off the timeshare presentation. Understand the program before you put any money into it. (This generally takes a lot of research.) Even if you think it is a good d...
by 2cents2
Sun Mar 30, 2014 10:25 am
Forum: Investing - Help with Personal Investments
Topic: [Military - TSP Contribution Questions .... (Tax Free)]
Replies: 7
Views: 1519

Re: [Military - TSP Contribution Questions .... (Tax Free)]

It looks like the TSP-U-1 form has been recently updated. Link to Form TSP-U-1 (3/2014) PREVIOUS EDITIONS OBSOLETE: https://www.tsp.gov/PDF/formspubs/tsp-u-1.pdf From the instruction section: Contribution limits. The total of your traditional and Roth contributions cannot exceed the Internal Revenue...
by 2cents2
Sun Mar 30, 2014 7:56 am
Forum: Investing - Help with Personal Investments
Topic: [Military - TSP Contribution Questions .... (Tax Free)]
Replies: 7
Views: 1519

Re: [Military - TSP Contribution Questions .... (Tax Free)]

I dont have any personal experience with this (yet), but I did research the TSP extensively and also CZTE (Combat Zone Tax Exclusion) rules as the Finance Officer for my upcoming deployment so hopefully my answers shed some light. As I understand, you have already maxed your TSP contribution to the...
by 2cents2
Sat Mar 29, 2014 1:07 pm
Forum: Personal Finance (Not Investing)
Topic: Comparing current net income to DB pension net income
Replies: 6
Views: 848

Re: Comparing current net income to DB pension net income

I have a few years before retiring with a NYC DB pension. Right now I'd like to confirm that I'm correctly calculating a back of the envelope estimate of my retirement paycheck. In the near future I will attend a pre retirement meeting and would like to have an understanding of the numbers before t...
by 2cents2
Mon Mar 24, 2014 8:17 am
Forum: Investing - Help with Personal Investments
Topic: Paper bonds vs Treasury Direct
Replies: 24
Views: 2258

Re: Paper bonds vs Treasury Direct

I have never liquidated yet, so I can't attest to it, but some on the board have said you can have your money within 1-3 business days. This reminds me of another pitfall. You have to be sure to keep your bank info up to date. If you close out the bank that your TD is linked to, it will take some p...
by 2cents2
Mon Mar 24, 2014 8:04 am
Forum: Investing - Help with Personal Investments
Topic: Paper bonds vs Treasury Direct
Replies: 24
Views: 2258

Re: Paper bonds vs Treasury Direct

Has the site improved dramatically? Nope--not in my opinion. I still have trouble logging in. I still have trouble navigating the site. I still have trouble with getting bumped off. Time to cash a bond? I recently cashed in some bonds--it took 2 business days. The other thing I find annoying is the...
by 2cents2
Sun Mar 23, 2014 2:26 pm
Forum: Personal Finance (Not Investing)
Topic: How to help my son with law school loans?
Replies: 58
Views: 4233

Re: How to help my son with law school loans?

The key question is, as previously stated, the following: Does it make sense to withdraw money from our taxable retirement account or to take an equity loan to pay off his loans. If I simply withdraw the money from my taxable account, I will pay cap gains and lose the investment appreciation. If I ...
by 2cents2
Wed Mar 19, 2014 1:45 pm
Forum: Personal Finance (Not Investing)
Topic: Roth conversions
Replies: 1
Views: 260

Roth conversions

I did a conversion from a traditional to a Roth last year. It was pretty easy to do the follow-up paperwork on my taxes. However, if I do this every year for the next few years, I am going to have a lot of conversions to track. I will be 59.5 next year, I am wondering if doing more of these will be ...
by 2cents2
Mon Mar 17, 2014 10:23 am
Forum: Personal Finance (Not Investing)
Topic: 2013 tax filing issues
Replies: 33
Views: 2102

Re: 2013 tax filing issues

Did you just get married or drastically change your W-4 this year? $8k is a crazy amount to owe. Got married in 2011. I looked into it more and i guess what happened is that my wife got a job in late 2012 and i just forgot to update my W4 to reflect the right # of allowances..i had mine set to 4 fo...
by 2cents2
Mon Mar 17, 2014 7:59 am
Forum: Investing - Help with Personal Investments
Topic: Dividend stocks for current income in early retirement?
Replies: 38
Views: 5693

Re: Dividend stocks for current income in early retirement?

What about an index fund that focuses on stocks that pay dividends? How would something like Vanguard Dividend Appreciation Index Fund Admiral Shares (VDADX) in a taxable account fit in with your strategy?
by 2cents2
Mon Mar 17, 2014 7:40 am
Forum: Investing - Help with Personal Investments
Topic: Thoughts On Pre-Paid College Plans
Replies: 28
Views: 3609

Re: Thoughts On Pre-Paid College Plans

Of all the investments we made for our DS's college, the pre-paid tuition plan was the one that gave us the most ROI. We were lucky because DS attended an in state public college. The money would not have evaporated if he had elected to go elsewhere because we could have converted it to one of the o...
by 2cents2
Sat Mar 15, 2014 12:25 pm
Forum: Personal Finance (Not Investing)
Topic: Preparing to retire checklist
Replies: 105
Views: 16829

Re: Preparing to retire checklist

Thank you, 2cents2! I have not thought of that. I was more focused on losing 5/12 of my annuity for every month that I am under the age of 62. Given the new information, I will consider moving my date to 26 July. Gratefully, Victoria If it were me and I wanted to retire at the end of Jul (on a FERS...
by 2cents2
Sat Mar 15, 2014 11:55 am
Forum: Personal Finance (Not Investing)
Topic: Preparing to retire checklist
Replies: 105
Views: 16829

Re: Preparing to retire checklist

Thank you, 2cents2! I have not thought of that. I was more focused on losing 5/12 of my annuity for every month that I am under the age of 62. Given the new information, I will consider moving my date to 26 July. Gratefully, Victoria If it were me and I wanted to retire at the end of Jul (on a FERS...
by 2cents2
Sat Mar 15, 2014 11:33 am
Forum: Personal Finance (Not Investing)
Topic: Preparing to retire checklist
Replies: 105
Views: 16829

Re: Preparing to retire checklist

Yesterday night I re-ran my numbers using the new information I've received from our Retirement Specialist, Bogleheads comments, and review of the OPM brochures and insurance companies' materials. I am now inclined to drop my plan of postponing the annuity and, thus, to get it right away. My new re...
by 2cents2
Sat Mar 15, 2014 8:36 am
Forum: Investing - Help with Personal Investments
Topic: 529s and overfunding
Replies: 23
Views: 1920

Re: 529s and overfunding

Saving for college can be tricky. You have to make a lot of assumptions-- such as the type of college (public or private), what the cost will be in 18-22 years and what will the tax law be in 18-22 years. Then, there are the investment choices... If you are worried about over saving, maybe you could...
by 2cents2
Sat Mar 15, 2014 7:05 am
Forum: Personal Finance (Not Investing)
Topic: Preparing to retire checklist
Replies: 105
Views: 16829

Re: Preparing to retire checklist

Yesterday night I re-ran my numbers using the new information I've received from our Retirement Specialist, Bogleheads comments, and review of the OPM brochures and insurance companies' materials. I am now inclined to drop my plan of postponing the annuity and, thus, to get it right away. My new re...
by 2cents2
Tue Mar 11, 2014 9:08 am
Forum: Investing - Help with Personal Investments
Topic: When to sell leftover stock?
Replies: 5
Views: 797

Re: When to sell leftover stock?

I bought these while I was 17 so that is why the dollar amounts are so small. Not your question, but I have a housekeeping item--If you purchased these stocks when you were 17, were they originally set up as a custodial account? (And by now they have been transferred over to you as account owner?) ...
by 2cents2
Sun Mar 09, 2014 5:57 pm
Forum: Personal Finance (Not Investing)
Topic: HUGE retirement decision.
Replies: 71
Views: 8620

Re: HUGE retirement decision.

[quote="sscritic]I understand this is not your particular concern, but I think the readers should understand that letting you change your beneficiary after the fact is not something that most systems would allow. I would be interested if Tier I is indeed just such a system.[/quote] The rules are the...
by 2cents2
Sun Mar 09, 2014 2:38 pm
Forum: Personal Finance (Not Investing)
Topic: HUGE retirement decision.
Replies: 71
Views: 8620

Re: HUGE retirement decision.

What I am still not clear on, suppose you both elect a 100% survivor benefit and your spouse passes on. You receive the 39,200 survivor benefit from your spouse's pension, what about your own pension now that you no longer have a beneficiary-- does it always stay reduced at 39,200 or does it go bac...
by 2cents2
Sun Mar 09, 2014 2:13 pm
Forum: Personal Finance (Not Investing)
Topic: HUGE retirement decision.
Replies: 71
Views: 8620

Re: HUGE retirement decision.

Here's my question. We can take our retirement payout in a few ways. 1) take full amount. $44,000 per year (each). 2) take a reduced amount (about $200 per month less per person) and if one person dies the other gets half of the deceased persons yearly salary. ($22,000 in this case). 3) take a more...
by 2cents2
Sun Mar 09, 2014 12:17 pm
Forum: Investing - Help with Personal Investments
Topic: Advice Wanted: 529s and EE Bonds
Replies: 6
Views: 613

Re: Advice Wanted: 529s and EE Bonds

2cents2 et al, Thank you very much. Very helpful. Am I missing something? You cannot use bonds for room and board, but you can put them in a Coverdell account which you can then use for room and board? L. Or, a contribution a qualified tuition program. (I believe at this point a Coverdell might not...
by 2cents2
Sun Mar 09, 2014 10:25 am
Forum: Investing - Help with Personal Investments
Topic: Advice Wanted: 529s and EE Bonds
Replies: 6
Views: 613

Re: Advice Wanted: 529s and EE Bonds

Assuming you have met the purchase requirements (it looks like some of them were issued prior to 1990 so they won't qualify), there are a few more things to keep in mind when you redeem the bonds: Qualified expenses. Qualified higher educational expenses are tuition and fees required for you, your s...
by 2cents2
Sun Mar 09, 2014 7:31 am
Forum: Personal Finance (Not Investing)
Topic: HUGE retirement decision.
Replies: 71
Views: 8620

Re: HUGE retirement decision.

I am trying to make the same type of decision with my DH's pension. I'm not sure I'm looking at it in the right way, but here is what I have been looking at: 1. Is the reduced pension going to provide enough income to meet expenses? 2. Whichever option selected, will the survivor have enough income ...
by 2cents2
Sat Mar 08, 2014 1:52 pm
Forum: Investing - Help with Personal Investments
Topic: Financial Status Review
Replies: 8
Views: 1179

Re: Financial Status Review

6.6% 3xEE Bonds Yielding 4% (7500 face value) 4.4% 2xI Bonds Yielding 1.1% Above Inflation (7500 face value) 3) Any ideas how to get the interest out of those bonds tax free? They were bought by my dad in my name when I was a kid. They were meant for college, but I never used them. So, they've just...
by 2cents2
Fri Mar 07, 2014 7:20 pm
Forum: Investing - Theory, News & General
Topic: Retirees: About your retirement
Replies: 55
Views: 7302

Re: Retirees: About your retirement

While I did love my job.... Retirement was a result of the stark realization that I liked my days off better....
by 2cents2
Fri Mar 07, 2014 3:53 pm
Forum: Investing - Help with Personal Investments
Topic: Transfer Accounts from E*TRADE to Vanguard
Replies: 10
Views: 2464

Re: Transfer Accounts from E*TRADE to Vanguard

Jack FFR1846 wrote:Call E*Trade and ask them what the fees are.
I called E*TRADE today. They said if it is an ACATS transfer, the fee is $25.00 for a partial transfer and $60.00 for a complete transfer. No fee if it is a cash transfer.
by 2cents2
Thu Mar 06, 2014 2:49 pm
Forum: Personal Finance (Not Investing)
Topic: My 401k match
Replies: 24
Views: 2269

Re: My 401k match

DH's employer matches 25% up to 17,500. But, the catch is there is a 5 year vesting period for the match (20% per year).....

Here is a link to Brightscope Ratings:
http://www.brightscope.com/ratings/
You can look up your company's 401K and compare it with others in the same peer group.
by 2cents2
Mon Mar 03, 2014 9:39 am
Forum: Personal Finance (Not Investing)
Topic: Tax Consequences of closing out a UTMA account
Replies: 14
Views: 4338

Re: Tax Consequences of closing out a UTMA account

If the plan is to sell everything, make sure the dividends are not currently being reinvested as it could cause complications--especially if you accidentally sell between the x-dividend date and when the dividends are paid. If that happens, she could have a few more shares being reinvested into her ...
by 2cents2
Sun Mar 02, 2014 2:16 pm
Forum: Personal Finance (Not Investing)
Topic: Tax Consequences of closing out a UTMA account
Replies: 14
Views: 4338

Re: Tax Consequences of closing out a UTMA account

Are you sure that you don't have any cost basis information for the shares? The legal transfer forms that I have seen have a block for Cost Basis of Shares. Your fiancé's Dad should be able to tell you whether or not a cost basis was provided on the transfer form. If not, reconstructing the cost bas...