Search found 4983 matches

by kaneohe
Tue Sep 04, 2018 12:06 am
Forum: Investing - Theory, News & General
Topic: Roth conversion with future RMD and SS
Replies: 28
Views: 2532

Re: Roth conversion with future RMD and SS

Curious if you've figured out much you'll gain by converting early......my impression of the general rule is to convert now if your marginal rate is lower now than it would be if you didn't and were taking withdrawals (RMDs) later. If the marginal rates now/later are the same, then you would not be...
by kaneohe
Mon Sep 03, 2018 9:49 pm
Forum: Personal Consumer Issues
Topic: Medicare Open Enrollment Period Coming Soon
Replies: 40
Views: 2473

Re: Medicare Open Enrollment Period Coming Soon

how about chemo? 10-20K easily possible Chemo drugs almost always come under Part B benefits, not Part D, Medicare, because they are administered in physician office (or other clinical setting) very true but the context was regarding supplements: "but very rarely if ever have seen a medicare supple...
by kaneohe
Mon Sep 03, 2018 5:36 pm
Forum: Personal Consumer Issues
Topic: Medicare Open Enrollment Period Coming Soon
Replies: 40
Views: 2473

Re: Medicare Open Enrollment Period Coming Soon

IMO its better to go without a medicare supplement then without part D because the 20% B charges usually do not amount to much but god forbid you get prescribed a tier 5 drug that can cost 1-10k per month....... Go without a supplement? Well, god forbid you have to be hospitalized. $1,316 Part A ho...
by kaneohe
Mon Sep 03, 2018 9:15 am
Forum: Personal Consumer Issues
Topic: Medicare Open Enrollment Period Coming Soon
Replies: 40
Views: 2473

Re: Medicare Open Enrollment Period Coming Soon

When will updated Rx be available so you compare drug plans?
by kaneohe
Mon Sep 03, 2018 9:12 am
Forum: Investing - Theory, News & General
Topic: Roth conversion with future RMD and SS
Replies: 28
Views: 2532

Re: Roth conversion with future RMD and SS

Curious if you've figured out much you'll gain by converting early......my impression of the general rule is to convert now if your marginal rate is lower now than it would be if you didn't and were taking withdrawals (RMDs) later. If the marginal rates now/later are the same, then you would not be ...
by kaneohe
Mon Sep 03, 2018 8:15 am
Forum: Personal Finance (Not Investing)
Topic: UHC/AARP Switching Medigap Plan F---> Plan G Underwriting
Replies: 43
Views: 3254

Re: UHC/AARP Switching Medigap Plan F---> Plan G Underwriting

Well, I just called UHC/AARP to switch my plan F and DH's plan J to plan G. A very nice and seemingly sharp customer service rep told me that rate increases are determined by evaluating costs for an "area", not by individual plan groups. Every plan gets the same increase. This really surprised me! ...
by kaneohe
Sun Sep 02, 2018 10:26 pm
Forum: Personal Finance (Not Investing)
Topic: Best way to handle estimated taxes on unequal income?
Replies: 26
Views: 6230

Re: Best way to handle estimated taxes on unequal income?

"Taxpayers with 2018 California adjusted gross income equal to or greater than $1,000,000 (or $500,000 if married/RDP filing separately), must figure estimated tax based on their tax for 2018." I interpret that to mean using 2018 safe harbor of 90% of 2018 tax.......and that you can't use safe harbo...
by kaneohe
Sun Sep 02, 2018 1:02 pm
Forum: Personal Consumer Issues
Topic: Crazy Rich Asian -> Movie
Replies: 16
Views: 2402

Re: Crazy Rich Asian -> Movie

We liked the opening scene where the hotel guys weren't allowing the lady to check in and weren't (in her mind, I guess) treating her w/ enough respect. ........so (spoiler alert warning)
she bought the hotel and became their boss. A bit corny but we laughed.
by kaneohe
Sun Sep 02, 2018 10:56 am
Forum: Personal Finance (Not Investing)
Topic: Commingling Roth conversion and withdrawals when <59.5
Replies: 6
Views: 451

Re: Commingling Roth conversion and withdrawals when <59.5

I like this table by kawill from the fairmark.com site: (almost no thinking required!); for clarification........conversions are withdrawn (after contributions) in chronological order starting w/ the earliest. Within each conversion, there may be 2 parts...the taxable part and the non-taxable part (...
by kaneohe
Sun Sep 02, 2018 10:45 am
Forum: Personal Finance (Not Investing)
Topic: Commingling Roth conversion and withdrawals when <59.5
Replies: 6
Views: 451

Re: Commingling Roth conversion and withdrawals when <59.5

You seem to have it down............ from Pub 590B are these ordering rules that determine the order that distributions are made from: There is also an example similar to yours. " Order the distributions as follows. 1)Regular contributions. 2)Conversion and rollover contributions, on a first-in, fir...
by kaneohe
Sat Sep 01, 2018 1:55 pm
Forum: Personal Finance (Not Investing)
Topic: Poke Holes in My Plan. Zero Tax on $9000.00 LT Capital Gains
Replies: 10
Views: 1526

Re: Poke Holes in My Plan. Zero Tax on $9000.00 LT Capital Gains

Are you or spouse covered by retirement plan at work? That might affect deductibility of TIRA contribution.
by kaneohe
Sat Sep 01, 2018 12:10 pm
Forum: Personal Finance (Not Investing)
Topic: QCDs from RMD - 1099R [Qualified Charitable Distributions]
Replies: 44
Views: 1835

Re: QCDs from RMD - 1099R [Qualified Charitable Distributions]

more info but no specific details: https://www.irs.gov/charities-non-profits/eo-operational-requirements-private-foundations-and-public-charities https://www.irs.gov/charities-non-profits/eo-operational-requirements-private-foundations-and-public-charities if I had to guess: Gates Foundation= privat...
by kaneohe
Fri Aug 31, 2018 6:22 pm
Forum: Personal Finance (Not Investing)
Topic: QCDs from RMD - 1099R [Qualified Charitable Distributions]
Replies: 44
Views: 1835

Re: QCDs from RMD - 1099R [Qualified Charitable Distributions]

here's one: https://www.kitces.com/blog/qualified-charitable-distribution-qcd-from-ira-to-satisfy-rmd-rules-and-requirements/ if you click on that code number, you get this which looks official https://www.law.cornell.edu/uscode/text/26/170 one small problem........I don't understand a word of it. P...
by kaneohe
Fri Aug 31, 2018 2:27 pm
Forum: Personal Finance (Not Investing)
Topic: Planning Tax Obligation for first Stock Sale / Profit
Replies: 9
Views: 645

Re: Planning Tax Obligation for first Stock Sale / Profit

Assuming the stock you sold(or will sell) was everything that came out of the options you exercised,another way of saying things is: gain = (what you sell all the stock for) less (what you paid for all the options) I think that represents your equation too. As far as Z is concerned, that could be ri...
by kaneohe
Fri Aug 31, 2018 12:24 pm
Forum: Investing - Help with Personal Investments
Topic: Pension contribution and affect on MAGI
Replies: 14
Views: 921

Re: Pension contribution and affect on MAGI

Is there an easy reference for calculating MAGI? I've never understood why HR block doesn't calculate it for me. Maybe because it doesn't affect taxes... As mentioned previously there are many MAGIs. The ones of interest here may be found in pub 590A https://www.irs.gov/pub/irs-pdf/p590a.pdf Roth I...
by kaneohe
Fri Aug 31, 2018 12:18 am
Forum: Investing - Theory, News & General
Topic: Taxable account cost basis. Specific ID, FIFO or average cost?
Replies: 18
Views: 1272

Re: Taxable account cost basis. Specific ID, FIFO or average cost?

Even easier, if the basis is reported to the IRS, and you don’t need to make any adjustments, you can aggregate the numbers right on Schedule D without using an 8949 at all. https://www.irs.gov/pub/irs-pdf/i8949.pdf TurboTax made me do it. :D :( Having been through at least eight IRS or state audit...
by kaneohe
Thu Aug 30, 2018 8:36 pm
Forum: Personal Finance (Not Investing)
Topic: QCDs from RMD - 1099R [Qualified Charitable Distributions]
Replies: 44
Views: 1835

Re: QCDs from RMD - 1099R [Qualified Charitable Distributions]

dodecahedron.......excellent points....the world is more complex than the sheltered ever imagined.
by kaneohe
Thu Aug 30, 2018 7:40 pm
Forum: Personal Finance (Not Investing)
Topic: QCDs from RMD - 1099R [Qualified Charitable Distributions]
Replies: 44
Views: 1835

Re: QCDs from RMD - 1099R [Qualified Charitable Distributions]

We have different concepts of song and dance. Just sent Vanguard message today listing 7 QCD checks for over $25K in aggregate, my flagship rep called me and verified, and in few days will receive the 7 checks from Vanguard for me to send to the 501(c)(3) organizations. Actually quite easy and like...
by kaneohe
Thu Aug 30, 2018 7:36 pm
Forum: Personal Finance (Not Investing)
Topic: UHC/AARP Switching Medigap Plan F---> Plan G Underwriting
Replies: 43
Views: 3254

Re: UHC/AARP Switching Medigap Plan F---> Plan G Underwriting

So if you start Medicare in Sept using Supplemental Plan G you pay the $183 deductible if you use medical services in remainder of 2018. Then the $183 must be paid again in 2019 if you use medical services. Is that correct? If you are switching from Plan F and Plan F has paid the deductible for you...
by kaneohe
Thu Aug 30, 2018 7:28 pm
Forum: Personal Finance (Not Investing)
Topic: Poke Holes in My Plan. Zero Tax on $9000.00 LT Capital Gains
Replies: 10
Views: 1526

Re: Poke Holes in My Plan. Zero Tax on $9000.00 LT Capital Gains

................................... AGI (line 37 less 11,000 IRA contr) 99,000 Taxable Income afrer $24,000 deduction 77,000. ......................................... does this math bother anyone? Why did you recharacterize only 4K? Are you taking into account that not all of your TIRA contributio...
by kaneohe
Thu Aug 30, 2018 6:59 pm
Forum: Personal Finance (Not Investing)
Topic: UHC/AARP Switching Medigap Plan F---> Plan G Underwriting
Replies: 43
Views: 3254

Re: UHC/AARP Switching Medigap Plan F---> Plan G Underwriting

Final answer- once the part B deducible is met for the calendar year your good - it makes no difference if paid by consumer or insurance company. Along those lines, when I first went on Medicare my agent learned that UHC/AARP was lowering their rates on plan G (the plan that I wanted) a few months ...
by kaneohe
Thu Aug 30, 2018 6:54 pm
Forum: Personal Finance (Not Investing)
Topic: Planning Tax Obligation for first Stock Sale / Profit
Replies: 9
Views: 645

Re: Planning Tax Obligation for first Stock Sale / Profit

The wonders of google......look what I dredged up .....for 2015 even... https://www.irs.gov/pub/irs-prior/i1040gi--2015.pdf Look at the wksht on p.46 which determines if you have to fill out F6251 (AMT) Hopefully the answer is no and that should be the end. Unfortunately you'll have to do it by hand...
by kaneohe
Thu Aug 30, 2018 6:43 pm
Forum: Personal Finance (Not Investing)
Topic: Planning Tax Obligation for first Stock Sale / Profit
Replies: 9
Views: 645

Re: Planning Tax Obligation for first Stock Sale / Profit

further down in your link in the AMT section: "Reporting and AMT Although qualifying ISO dispositions can be reported as long-term capital gains on the IRS form 1040, the bargain element at exercise is also a preference item for the alternative minimum tax. This tax is assessed to filers who have la...
by kaneohe
Thu Aug 30, 2018 6:24 pm
Forum: Personal Finance (Not Investing)
Topic: QCDs from RMD - 1099R [Qualified Charitable Distributions]
Replies: 44
Views: 1835

Re: QCDs from RMD - 1099R [Qualified Charitable Distributions]

...................................................... We have different concepts of song and dance. Just sent Vanguard message today listing 7 QCD checks for over $25K in aggregate, my flagship rep called me and verified, and in few days will receive the 7 checks from Vanguard for me to send to th...
by kaneohe
Thu Aug 30, 2018 4:58 pm
Forum: Personal Finance (Not Investing)
Topic: UHC/AARP Switching Medigap Plan F---> Plan G Underwriting
Replies: 43
Views: 3254

Re: UHC/AARP Switching Medigap Plan F---> Plan G Underwriting

......................................... Final answer- once the part B deducible is met for the calendar year your good - it makes no difference if paid by consumer or insurance company. Thanks. Yes, I think I saw that on BH recently (perhaps maybe from you) so I was pretty confident I knew the an...
by kaneohe
Thu Aug 30, 2018 4:53 pm
Forum: Personal Finance (Not Investing)
Topic: UHC/AARP Switching Medigap Plan F---> Plan G Underwriting
Replies: 43
Views: 3254

Re: UHC/AARP Switching Medigap Plan F---> Plan G Underwriting

....just figured I'd collect my $27/mo differential early starting this yr, and then the $141/yr starting next yr. .......... J.......... they need real experience data to raise rates? Just use pencil, not an ink pen, to write down those projected savings. Keep an eraser handy :greedy ................
by kaneohe
Thu Aug 30, 2018 4:23 pm
Forum: Personal Finance (Not Investing)
Topic: QCDs from RMD - 1099R [Qualified Charitable Distributions]
Replies: 44
Views: 1835

Re: QCDs from RMD - 1099R [Qualified Charitable Distributions]

Schwab does it the same way. I don't know why they aren't more "customer oriented" either since they make out the check and know who it's made out to. I just adjust for it. Total distributions in 1040 line 15a; the taxable part on 15b; QCD as an explanatory notation near line 15. If by chance you ha...
by kaneohe
Thu Aug 30, 2018 4:14 pm
Forum: Personal Finance (Not Investing)
Topic: Planning Tax Obligation for first Stock Sale / Profit
Replies: 9
Views: 645

Re: Planning Tax Obligation for first Stock Sale / Profit

The options exercised were ISO, the link you provided is informative. "The first taxable event occurs at the sale", and since I exercised more than 12 months before I will sell, I think I will be in the long term capital gains region, does that sound right? My experience is only w/ NQSO, not ISO. B...
by kaneohe
Thu Aug 30, 2018 3:56 pm
Forum: Personal Finance (Not Investing)
Topic: UHC/AARP Switching Medigap Plan F---> Plan G Underwriting
Replies: 43
Views: 3254

Re: UHC/AARP Switching Medigap Plan F---> Plan G Underwriting

I would be interested in finding out what the rate increase percentages were for each plan over the past 5 years, that would indicate if they actually raise each one equally. I specifically went with an AARP/UHC plan that is similar to a Plan N but with a rider that covers Part B excess charges(Wis...
by kaneohe
Thu Aug 30, 2018 3:29 pm
Forum: Personal Finance (Not Investing)
Topic: UHC/AARP Switching Medigap Plan F---> Plan G Underwriting
Replies: 43
Views: 3254

Re: UHC/AARP Switching Medigap Plan F---> Plan G Underwriting

...... I bit the bullet and switched to G. What is your state of residence, kaneohe? CA ........so I'm covered by the birthday rule for 60 days of the yr..............just figured I'd collect my $27/mo differential early starting this yr, and then the $141/yr starting next yr. I started this thread...
by kaneohe
Thu Aug 30, 2018 1:16 pm
Forum: Personal Finance (Not Investing)
Topic: UHC/AARP Switching Medigap Plan F---> Plan G Underwriting
Replies: 43
Views: 3254

Re: UHC/AARP Switching Medigap Plan F---> Plan G Underwriting

I called and got bounced to 4 different people.....I guess I just got lucky yesterday and got the right one right away. The one today was being careful........didn't want to give the wrong answer but wasn't sure of the real answer. Asked first about whether I'd have to pay the G deductible if it had...
by kaneohe
Thu Aug 30, 2018 11:05 am
Forum: Personal Finance (Not Investing)
Topic: UHC/AARP Switching Medigap Plan F---> Plan G Underwriting
Replies: 43
Views: 3254

Re: UHC/AARP Switching Medigap Plan F---> Plan G Underwriting

Well, I just called UHC/AARP to switch my plan F and DH's plan J to plan G. A very nice and seemingly sharp customer service rep told me that rate increases are determined by evaluating costs for an "area", not by individual plan groups. Every plan gets the same increase. This really surprised me! ...
by kaneohe
Thu Aug 30, 2018 8:38 am
Forum: Personal Finance (Not Investing)
Topic: UHC/AARP Switching Medigap Plan F---> Plan G Underwriting
Replies: 43
Views: 3254

Re: UHC/AARP Switching Medigap Plan F---> Plan G Underwriting

Your wish is my command! ..........but you learn (or relearn) something every day.
Kind of like changing cost basis from AVG.........only takes effect after the change if you had a sale activity in the
meantime......so keep on :mrgreen: :mrgreen: :mrgreen:
by kaneohe
Wed Aug 29, 2018 12:28 pm
Forum: Personal Finance (Not Investing)
Topic: UHC/AARP Switching Medigap Plan F---> Plan G Underwriting
Replies: 43
Views: 3254

Re: UHC/AARP Switching Medigap F---> G Underwriting

According to my understanding, you can change from any Medicare Supplemental plan (eg. F) to and other Medicare Supplemental plan that has less coverage (eg. G doesn't cover the deductible) without having to go through underwriting. That is one reason most people start with plan F--so that they can...
by kaneohe
Wed Aug 29, 2018 10:53 am
Forum: Personal Finance (Not Investing)
Topic: UHC/AARP Switching Medigap Plan F---> Plan G Underwriting
Replies: 43
Views: 3254

UHC/AARP Switching Medigap Plan F---> Plan G Underwriting

from early-retirement.org, sounds like UHC/AARP may require underwriting in some states starting 10/1/18 to make the switch. http://www.psmbrokerage.com/blog/new-underwriting-policy-for-aarp-medicare-supplement-insurance-plan-g Sounds like it is as simple as a phone call now if you have the UHC/AARP...
by kaneohe
Wed Aug 29, 2018 6:51 am
Forum: Investing - Theory, News & General
Topic: Most commonly misused/misunderstood investing terms and concepts (on BH forum)
Replies: 220
Views: 11555

Re: Most commonly misused/misunderstood investing terms and concepts (on BH forum)

probably not the most common overall........but seems like it recently................. after-tax TIRA contribution when it is/was to be deducted at tax time........... there is a bit of sophistication in it, I suppose, since TIRA contributions are supposed to be based on compensation and the compen...
by kaneohe
Tue Aug 28, 2018 2:31 pm
Forum: Personal Finance (Not Investing)
Topic: IRA Escheatment - a series of mole holes
Replies: 24
Views: 1241

Re: IRA Escheatment - a series of mole holes

I had at least 1 good experience w/ escheatment. A company apparently notified my state that they had some abandoned property of mine. The company didn't notify me. Fortunately the state notified me before they got the property and told me to contact the company within 3 mos or so so I could reclaim...
by kaneohe
Tue Aug 28, 2018 2:23 pm
Forum: Personal Finance (Not Investing)
Topic: IRA Escheatment - a series of mole holes
Replies: 24
Views: 1241

Re: IRA Escheatment - a series of mole holes

Well, what constitutes "activity" on the account? If cap gains from an equity fund, or bond fund dividends, are being periodically deposited, isn't that good enough? Obviously, people no longer working are unable to make annual contributions. For alot of good reasons they may not wish to take any d...
by kaneohe
Tue Aug 28, 2018 2:12 pm
Forum: Personal Finance (Not Investing)
Topic: IRA Escheatment - a series of mole holes
Replies: 24
Views: 1241

Re: IRA Escheatment - a series of mole holes

It seems that this is a good reason to take RMDs from each IRA account, even though that is not required. For example, one could take all the RMDs from one account and meet the RMD requirement. However, then the escheatment problem might occur for the other IRAs. or combine into a single IRA..........
by kaneohe
Tue Aug 28, 2018 7:51 am
Forum: Personal Consumer Issues
Topic: finding the error in my federal tax return
Replies: 18
Views: 1916

Re: finding the error in my federal tax return

.............................................................................. I was hoping to avoid wasting a day or more getting reacquainted with the forms and essentially doing it all over, but I may have to. If anything can save me from that, I O ya. Vic Before you do the forms reacquaintance ...
by kaneohe
Mon Aug 27, 2018 9:48 pm
Forum: Personal Finance (Not Investing)
Topic: Unexpected Tax Underpayment - When and how should I pay?
Replies: 23
Views: 1690

Re: Unexpected Tax Underpayment - When and how should I pay?

Unfortunately with only a few months left in the year, even at 100% withholding I won't be able to makeup all of the taxes owed. I typically use Turbo Tax to complete my taxes. Will paying estimated tax payments via IRS direct complicate things. Seems like completing Form 2210 is somewhat challengi...
by kaneohe
Mon Aug 27, 2018 6:13 pm
Forum: Personal Finance (Not Investing)
Topic: Unexpected Tax Underpayment - When and how should I pay?
Replies: 23
Views: 1690

Re: Unexpected Tax Underpayment - When and how should I pay?

Unfortunately with only a few months left in the year, even at 100% withholding I won't be able to makeup all of the taxes owed. I typically use Turbo Tax to complete my taxes. Will paying estimated tax payments via IRS direct complicate things. Seems like completing Form 2210 is somewhat challengi...
by kaneohe
Mon Aug 27, 2018 5:11 pm
Forum: Personal Consumer Issues
Topic: finding the error in my federal tax return
Replies: 18
Views: 1916

Re: finding the error in my federal tax return

Rudy.....when you got THEIR number, did you just use the Tax Table or perhaps the Tax Rate Schedule to calculate the tax? If so , that would suggest all income was treated as ordinary income.
by kaneohe
Mon Aug 27, 2018 5:04 pm
Forum: Personal Finance (Not Investing)
Topic: Unexpected Tax Underpayment - When and how should I pay?
Replies: 23
Views: 1690

Re: Unexpected Tax Underpayment - When and how should I pay?

Your safe harbor is 90% of current yr taxes so you don't have to pay everything now. F2210 isn't so bad......
it's F2210 Sch AI that's like preparing 4 tax returns at once. Perhaps TT will be helpful there? Don't use TT so
don't know. If you can get to 90% safe harbor w/ w/h, you got it made.
by kaneohe
Mon Aug 27, 2018 4:15 pm
Forum: Personal Finance (Not Investing)
Topic: Unexpected Tax Underpayment - When and how should I pay?
Replies: 23
Views: 1690

Re: Unexpected Tax Underpayment - When and how should I pay?

Its just not a big deal. Really. We had an unexpected inherited annuity payout a few years back and were short $123,000 to the IRS. The penalty was a whopping $73. If you would feel better make a payment but folks get a little bent out of shape on these penalties. Your penalty was almost certainly ...
by kaneohe
Mon Aug 27, 2018 4:11 pm
Forum: Personal Consumer Issues
Topic: Is it worth chasing down this $10 fee?
Replies: 38
Views: 3120

Re: Is it worth chasing down this $10 fee?

I guess ,despite the lack of love for debit cards here , it may pay to carry one for these special cases where the charge is considered to be a cash advance rather than a normal sale. If you ever visit Costa Rica and pay the exit fee at the airport, I don't know if that $10 fee would be disclosed or...
by kaneohe
Mon Aug 27, 2018 3:59 pm
Forum: Personal Consumer Issues
Topic: finding the error in my federal tax return
Replies: 18
Views: 1916

Re: finding the error in my federal tax return

That situation might be the same as what I had happen a few years ago. Did you have any capital gains OTHER THAN the qualified dividends or CG distribvutions? There is worksheet that gets filed instead of the usual Schedule D calculation. ...................................... Rudy.........can you ...
by kaneohe
Mon Aug 27, 2018 3:12 pm
Forum: Personal Consumer Issues
Topic: finding the error in my federal tax return
Replies: 18
Views: 1916

Re: finding the error in my federal tax return

That situation might be the same as what I had happen a few years ago. Did you have any capital gains OTHER THAN the qualified dividends or CG distribvutions? There is worksheet that gets filed instead of the usual Schedule D calculation. ...................................... Rudy.........can you ...