Search found 4821 matches

by kaneohe
Mon Jul 06, 2009 11:30 am
Forum: Personal Finance (Not Investing)
Topic: Help me calculate return please.
Replies: 6
Views: 1195

Probably more meaningful if you use current values since then you can compare with yields on alternate investments. e.g......if you instead used original basis and thought you were getting 5%, you might decline to invest in an alternate investment yielding 4% (current yield)......but that alternate ...
by kaneohe
Sat Jul 04, 2009 8:13 pm
Forum: Investing - Theory, News & General
Topic: Pass Through Capital Losses on Mutual Funds?
Replies: 8
Views: 1956

possibly.......I was just trying to interpret the link in the reference I posted.......could very well be wrong. I think OP was asking about how long the fund cos. could carryforward the loss. I think you are answering how long an individual can carryforward the loss.......your answer is correct (ad...
by kaneohe
Sat Jul 04, 2009 6:58 pm
Forum: Investing - Theory, News & General
Topic: Pass Through Capital Losses on Mutual Funds?
Replies: 8
Views: 1956

Is there a limit to carry forward losses like there is for regular people? If not, does it mean that there likely wont be any capital gain distributions in 2009, 2010 or 2011 depending on market conditions? if you google "capital loss carryforward mutual funds" , one of the results is this http://w...
by kaneohe
Sat Jul 04, 2009 12:03 pm
Forum: Personal Finance (Not Investing)
Topic: Tax implications of SPIA purchase with IRA funds
Replies: 6
Views: 2823

What is the process for doing this? Is the SPIA technically within an IRA so that you transfer funds by direct transfer ............or else do a rollover and follow the IRA 60day and no more than once every 12 mos. rules.
by kaneohe
Fri Jul 03, 2009 7:33 am
Forum: Personal Finance (Not Investing)
Topic: Early Social Security Benefit Quandry
Replies: 24
Views: 4527

If I were to defer SS a couple more years, what would happen if I should then die before filing for benefit onset? Would my wife still be eligible for the rate I would have received? I think she would only receive 50% of that. I have been the higher wage earner. Wouldn't she get his benefits (assum...
by kaneohe
Thu Jul 02, 2009 10:57 am
Forum: Personal Finance (Not Investing)
Topic: Tax Records - What to Keep?
Replies: 12
Views: 2222

If you file form 8606 for non-deductible TIRAs, you might want to keep those "forever" or at least the most recent one since any succeeding ones build on the last one you filed. Otherwise you may end up being taxed twice on the same income.
by kaneohe
Wed Jul 01, 2009 7:53 am
Forum: Investing - Theory, News & General
Topic: Converting to Roth IRA
Replies: 12
Views: 3078

Re: Peter and Jessica

paulbreem wrote:Thank you very much for your input. Didn't think about the social security benefit. About 70% is taxable now. It will go to 100% if I convert to Roth. Need to think about things more. Thanks again.
max that can be taxed is 85%.
by kaneohe
Wed Jul 01, 2009 1:33 am
Forum: Investing - Help with Personal Investments
Topic: 2010 Cap Gains Tax and Roth IRA Conversion Questions
Replies: 3
Views: 2185

1. http://www.rothira-advisor.com/roth_ira_conversion_and_new_tax_cut.htm see 3rd paragraph. edit: you'll want to get more confirmation but sounds like the conversion income will be subject to 2011&2012 tax rates if you elect to defer payment .........if that's the case, then effectively you are put...
by kaneohe
Tue Jun 30, 2009 8:16 am
Forum: Investing - Theory, News & General
Topic: The mechanics of Traditional IRA to Roth IRA transfers
Replies: 5
Views: 1724

this is from livesoft's link but worth a separate entry for emphasis........would have helped many last yr when values fell..... It’s also a good idea to put converted holdings in a new account, rather than an existing Roth. Here’s why: If the value of your converted assets falls further—after you h...
by kaneohe
Mon Jun 22, 2009 8:55 am
Forum: Investing - Help with Personal Investments
Topic: IRA contribution question
Replies: 5
Views: 1190

I agree w/ HueyLD on reading the IRS pub. It's been a little while since I did but, basically, I think it's something like this........you may be able to exclude your foreign wages (up to some limit that's approximately 90K or so) under FEIE (foreign earned income exclusion)from US taxes. Any wages ...
by kaneohe
Wed Jun 03, 2009 8:21 am
Forum: Personal Consumer Issues
Topic: Best Digital Camera for < $150? Elements 7?
Replies: 25
Views: 3782

I'd suggest the Canon A590IS. iI's cheap (~$120) and allows full manual control if you're interested in expanding your photographic knowledge a bit over time. I have the A590IS. It is a nice camera but one thing has been a bit disappointing......quite a few of the flash pictures suffer from redeye....
by kaneohe
Wed Jun 03, 2009 12:02 am
Forum: Personal Consumer Issues
Topic: Best Digital Camera for < $150? Elements 7?
Replies: 25
Views: 3782

I'd suggest the Canon A590IS. iI's cheap (~$120) and allows full manual control if you're interested in expanding your photographic knowledge a bit over time. I have the A590IS. It is a nice camera but one thing has been a bit disappointing......quite a few of the flash pictures suffer from redeye....
by kaneohe
Sat May 30, 2009 8:25 am
Forum: Personal Finance (Not Investing)
Topic: HDHP/HSA combo - better than advertised
Replies: 6
Views: 1895

I'm married, kids, etc... and my company has a benefits scenerio online app and I ran the numbers and it told me to pick the cheapest regular health plan and put 750 in the fsa account for co-pays, perscriptions and contacts for the year. It ended up being ~1300 for the year for the healthcare and ...
by kaneohe
Fri May 29, 2009 8:54 am
Forum: Personal Finance (Not Investing)
Topic: Long Term Care Insurance: Self insure or buy policy?
Replies: 28
Views: 3781

A fair question, and one that I'll try to explain (from my POV). - Ron Ron, thanks. Your answer is consistent w/ Alvinsch's response near the top. I guess it's all in the numbers. I think somebody mentioned a 3 yr policy @ 70K/yr (210K) . Nisprius mentioned a small probability of a long term (10yr)...
by kaneohe
Fri May 29, 2009 7:51 am
Forum: Personal Finance (Not Investing)
Topic: Long Term Care Insurance: Self insure or buy policy?
Replies: 28
Views: 3781

My company "self insures" its employees for medical expenses (at least that's my understanding) and uses the insurance company solely to administrate the plan. I can kind of understand how this works since there are tens of thousand of employees to pool the individual risks. I don't quite understand...
by kaneohe
Thu May 28, 2009 4:45 pm
Forum: Personal Finance (Not Investing)
Topic: Long Term Care Insurance: Self insure or buy policy?
Replies: 28
Views: 3781

If you elect not to purchase insurance, are nursing home and private nursing costs tax deductible? Roosevelt. not sure if this will come up on the right pg but looks like alvinsch is correct. http://www.irs.gov/publications/p502/ar02.html#en_US_publink100014849 edit: it didn't but see LTC in table ...
by kaneohe
Wed May 27, 2009 6:21 pm
Forum: Personal Finance (Not Investing)
Topic: Taxes on I-bonds and EE-bonds
Replies: 2
Views: 944

You could avoid having to answer that question by putting the second person on as a beneficiary rather than as co-owner. If you insist on putting the 2nd person on as co-owner, at some point (if the amount is large enough, >13K for the 2nd owner's share), this could be considered a gift and be repor...
by kaneohe
Mon May 25, 2009 7:03 pm
Forum: Personal Finance (Not Investing)
Topic: Joint or Separate Checking Accounts
Replies: 26
Views: 5103

Re: Joint or Separate Checking Accounts

Only you can determine what is best in your situation. However, there are some things I would suggest. Since there are previous family (ies) involved, I suggest consulting an experienced estate planning attorney to have wills/trusts/etc. set up to fit your situation. If, for example, after marriage...
by kaneohe
Sat May 23, 2009 1:47 pm
Forum: Investing - Help with Personal Investments
Topic: PenFed early withdraw interest penalty?
Replies: 7
Views: 2780

sometimes easier to search w/ google than the bank's search
see p. 2 https://www.penfed.org/pdf/accountsforms/mmcert.pdf
by kaneohe
Sat May 23, 2009 1:37 pm
Forum: Investing - Help with Personal Investments
Topic: PenFed early withdraw interest penalty?
Replies: 7
Views: 2780

Re: PenFed early withdraw interest penalty?

TenS2XS wrote: Hoping someone knows given that we're in a long weekend and I wouldn't get a response until Tuesday at the earliest. Thanks.
call them......24/7 ,I think. I think it's on their paper CD application so if you can find an online equivalent, it might be there.
by kaneohe
Sat May 23, 2009 9:01 am
Forum: Personal Finance (Not Investing)
Topic: Online savings account
Replies: 18
Views: 3861

have you looked at Countrywide Bank? I think they used to be next day transfer (if before some cutoff time). You might call to ask if it is still the same since BA took over. They have a tiered interest system but even the min tier might still be better than mmkt funds today. https://bank.countrywid...
by kaneohe
Thu May 21, 2009 7:36 am
Forum: Investing - Help with Personal Investments
Topic: annuities that protect from stock market losses
Replies: 18
Views: 3664

Sometimes a useful way to learn about the flaws in a product A (often hidden deep in the fine print) is to go to a competitor who sells product B. This person in an effort to get you to buy his product will expose all the problems of product A. That is what happened to a friend of mine who had alrea...
by kaneohe
Wed May 20, 2009 8:30 am
Forum: Personal Finance (Not Investing)
Topic: IRS Form 5498 IRA Contribution
Replies: 4
Views: 1802

Here's an interesting read (slightly dated but probably still valid) http://www.tiaa-cref.org/support/help/transactions/irs_form_5498.html Like others, I save it but have never used it. Eventually when you need to take RMDs (after age 70.5 yrs), it will be useful since it has the yr end valuation on...
by kaneohe
Mon May 18, 2009 1:12 pm
Forum: Investing - Help with Personal Investments
Topic: Am I getting the max 401k match?
Replies: 26
Views: 6276

I don't see how this is a problem. Assuming you only contribute the 6% needed to get a 3% match, the company always makes 33% of the contributions for the year no matter when you hit the max. It can be quite confusing. Suppose you make $66,000 a year. Then a 3% match would be $1980 for the year. No...
by kaneohe
Sun May 17, 2009 5:54 pm
Forum: Personal Finance (Not Investing)
Topic: Trust for a single person?
Replies: 12
Views: 2452

2. The only unusual part of my investments is that I have 2 inherited IRA's that I have to take RMD's each year. Does this tilt toward a revocable trust, or is a will still sufficient? help. John If the institution allows you to name your own beneficiaries, and you do so, I believe that would allow...
by kaneohe
Sun May 17, 2009 2:29 pm
Forum: Investing - Help with Personal Investments
Topic: Alternative to Pentagon Federal CU
Replies: 17
Views: 3658

bozo wrote:This is not the first gripe I've heard about PenFed.

Makes me glad I've kept my $$ elsewhere.

Bozo
Tell me more.......I haven't had any problems, yet, that I'm aware of.
Maybe I'm not looking in the right places.
by kaneohe
Sun May 17, 2009 2:23 pm
Forum: Investing - Help with Personal Investments
Topic: Simple Roth tax calculation?
Replies: 8
Views: 1801

Re: Simple Roth tax calculation?

I'm trying to figure out if a Roth retirement account makes sense for me. I was told that if I anticipate being in a lower tax bracket at retirement, invest in a Roth, otherwise a traditional retirement account. . Isn't this backwards? I would think that if your bracket is higher while working, you...
by kaneohe
Sat May 16, 2009 2:36 pm
Forum: Investing - Help with Personal Investments
Topic: Question for my Mom and Dad
Replies: 25
Views: 4332

I have a general question about munis and SS. Is it true that when someone has tax exempt munis or any tax exempt fund that the income from the tax exempt portion of your AA is added to the rest of your income to determine how your SS is taxed? From what I read this increases the amount of your SS ...
by kaneohe
Sat May 16, 2009 7:51 am
Forum: Personal Finance (Not Investing)
Topic: Trust for a single person?
Replies: 12
Views: 2452

Another consideration is if you become disabled and unable to handle your affairs. A properly structured trust could have an
alternate trustee assist in this so both death/disability would be covered.
by kaneohe
Fri May 15, 2009 11:31 am
Forum: Investing - Help with Personal Investments
Topic: Inheritance count toward income for Roth limits?
Replies: 8
Views: 3493

A possible exception might be if the inheritance were from retirement funds that had not been previously taxed. If distributed outright and not "stretched" , they would probably be taxed and part of income.
by kaneohe
Wed May 13, 2009 10:51 pm
Forum: Investing - Help with Personal Investments
Topic: Where to put Cash Flow
Replies: 20
Views: 3587

bozo.......I have the savings & no-interest checking checking at Alliant. One possible issue might be if you write a check and then transfer the funds from savings to checking to suport the check. If there is a delay in cashing the check due to transit time in mail or check gets lost,etc. then there...
by kaneohe
Wed May 13, 2009 6:30 pm
Forum: Personal Finance (Not Investing)
Topic: Chase credit card 3% cashback no more
Replies: 280
Views: 304918

Is the notice about reduction from 3% to 1% coming with your bill or as a stand-alone mailing?
by kaneohe
Wed May 13, 2009 9:47 am
Forum: Personal Finance (Not Investing)
Topic: For tax purposes: Average cost basis vs specific lot ID???
Replies: 2
Views: 1340

My impression of avg vs specific ID is the tradeoff between simplicity and control........I've never done avg so the simplicity may be only in my mind; I like specific because you can sell for the biggest loss or perhaps even a gain (if you wish). The tradeoff is that for specific at most places, th...
by kaneohe
Tue May 12, 2009 10:48 am
Forum: Investing - Help with Personal Investments
Topic: Where to put Cash Flow
Replies: 20
Views: 3587

Then try Alliant Credit Union http://www.fatwallet.com/forums/finance/814399/ Savings acount currently 2.50% APY. You could link it to a free checking account (no interest) but you have to transfer funds from savings or else pay overdraft fees. Or High Yield Checking currently 2.25% APY but you need...
by kaneohe
Tue May 12, 2009 10:01 am
Forum: Investing - Help with Personal Investments
Topic: Where to put Cash Flow
Replies: 20
Views: 3587

Is that "local" a must or just a strong want? Sometimes that can keep you from getting into some good things.
by kaneohe
Mon May 11, 2009 2:11 pm
Forum: Investing - Help with Personal Investments
Topic: How Does a Brokerage Support 'Specific-Shares Method'?
Replies: 27
Views: 3405

With most of the funds that I own, I send them written instructions with the specific shares listed and have them send copies of the date/time-stamped instructions that I sent them back to me. Often I just get their normal transaction form and I have to remind them once or twice but eventually it ge...
by kaneohe
Mon May 11, 2009 9:42 am
Forum: Personal Finance (Not Investing)
Topic: Free credit report
Replies: 6
Views: 2306

Does anyone know a phone number so you can speak to a warm body? I try and do the stagger approach also. Recently I ordered (by phone) one for Equifax. I soon got a letter from Experian saying I could not get one since I had ordered one within the last 12 mos. (which was true). I thought that was st...
by kaneohe
Tue May 05, 2009 7:52 am
Forum: Personal Finance (Not Investing)
Topic: Stepped up basis upon death
Replies: 3
Views: 1079

In CA, if you hold mutual funds as community property or in a living revocable trust (A/B), both halves are stepped up. Nevada?? Not sure but I would guess it's similar.
by kaneohe
Sun May 03, 2009 4:32 pm
Forum: Personal Finance (Not Investing)
Topic: Taxable vs Tax-Free Withdrawals
Replies: 12
Views: 2507

Not really an answer to your complex question. Just some things to consider http://personal.fidelity.com/planning/r ... ines.shtml
by kaneohe
Sun Apr 26, 2009 8:19 am
Forum: Investing - Help with Personal Investments
Topic: HSA: the best investment vehicle ever?
Replies: 15
Views: 3400

let's say we never tap this money. i assume it can be willed over to heirs tax free, much like roth ira funds? Unfortunately, this doesn't seem to be quite true..... spouse can take over as their own but non-spouse must declare entire amount as income. http://www.harmoney.com/tax/tips.php?id=291 se...
by kaneohe
Thu Apr 23, 2009 5:45 pm
Forum: Personal Finance (Not Investing)
Topic: Where is Your HSA?
Replies: 21
Views: 3588

Patelco Credit Union . . IMO, they're a little light on the statements (like you never get them), but OTOH, you can access your account online and verify that everything is ok Jim I get statements...can't recall if monthly or quarterly.....opened account in branch. You might inquire if they'd do st...
by kaneohe
Thu Apr 16, 2009 1:13 pm
Forum: Investing - Help with Personal Investments
Topic: Dug into a hole at age 61
Replies: 18
Views: 4896

Here's a link to an article about creditor protection: http://advisor.morningstar.com/articles/article.asp?docId=4123&s=0 I have the same feeling that OP has.......401Ks are more bullet-proof against creditors than IRAs. IRA protection was strengthened a few yrs back under bankruptcy conditions but ...
by kaneohe
Wed Apr 15, 2009 2:59 pm
Forum: Personal Finance (Not Investing)
Topic: Credit Card Rebate
Replies: 14
Views: 3059

CrazyPete wrote:[I think the Fidelity card is the best for all-purchase cash back (2%).
along w/ the Schwab card...also 2%
by kaneohe
Mon Apr 13, 2009 3:10 pm
Forum: Personal Finance (Not Investing)
Topic: Tax issue---estimated taxes & Pub 505
Replies: 8
Views: 1988

Re: non-issue

tibbitts wrote: Or pay as much, in equal installments, as you paid last year.

Paul
Higher earners might have to pay 110% of last yrs taxes?.
by kaneohe
Sat Apr 11, 2009 6:50 pm
Forum: Investing - Help with Personal Investments
Topic: Form1116, Foreign Tax Credit adjustments: allocating income?
Replies: 5
Views: 1850

I don't know the answer for sure either and I once had exactly the question you have now in my mind. Like alvinsch, over the yrs, I've seen the foreign source income quoted as a % of box 1a by many funds. The other thing I've seen for cases where the dividends are small compared to LTCG.....the fore...
by kaneohe
Mon Apr 06, 2009 12:13 am
Forum: Investing - Help with Personal Investments
Topic: Foreign Tax Credit - Form 1116
Replies: 3
Views: 2075

I haven't used TaxCut so don't know about inputting stuff there. Basically you want to determine how much of the income is foreign.....I've sometimes seen it written as a % of total ordinary dividends (box 1a)...like perhaps 90%. Another way of thinking about it is total income less income from US s...
by kaneohe
Mon Apr 06, 2009 12:12 am
Forum: Investing - Help with Personal Investments
Topic: Foreign Tax Credit - Form 1116
Replies: 3
Views: 2075

I haven't used TaxCut so don't know about inputting stuff there. Basically you want to determine how much of the income is foreign.....I've sometimes seen it written as a % of total ordinary dividends (box 1a)...like perhaps 90%. Another way of thinking about it is total income less income from US s...
by kaneohe
Sun Apr 05, 2009 1:47 am
Forum: Investing - Help with Personal Investments
Topic: CA resident for a PA MMA TE fund
Replies: 1
Views: 898

higher yields here

http://www.fatwallet.com/forums/finance/783099/
Scroll down to the table. Many like Alliant CU.