Search found 2390 matches

by Eagle33
Thu Mar 28, 2024 10:24 am
Forum: Personal Finance (Not Investing)
Topic: Social Security Break-Even Calculator That Includes Opportunity Cost of Waiting?
Replies: 18
Views: 1610

Re: Social Security Break-Even Calculator That Includes Opportunity Cost of Waiting?

K72 wrote: Wed Mar 27, 2024 11:26 am There is an additional factor that might be important; spousal benefit. I decided to take SS at my FRA, partly because my wife was able to get spousal benefit (i.e. 50% of mine) while she waited until age 70.
Only valid for those born before 1954.
by Eagle33
Mon Mar 25, 2024 11:10 am
Forum: Personal Finance (Not Investing)
Topic: Filing taxes for late Required Minimum Distribution
Replies: 7
Views: 778

Re: Filing taxes for late Required Minimum Distribution

For the second time in four years, Vanguard has failed to send me the mandatory RMD. I continue to be actively employed but old enough to have to take RMD. I've been with Vanguard most of my life, through employer 401k or a SEP-IRA. Vanguard did this the first time in 2020. Their error was eventually discovered and corrected and so I received the RMD in 2021 and in 2022. Then once again VG did not send it in 2023. I didn't notice that until tax time 2024 and so now I am very overdue and once again facing a penalty. This forum is helping me deal with it, and I also have a tax prep accountant who does the tax prep for me. My initial question is: WHY is this happening repeatedly with Vanguard? And how can I permanently stop the error from hap...
by Eagle33
Sun Mar 24, 2024 6:28 pm
Forum: Personal Investments
Topic: Dilemma of sorts…[asset allocation to reduce RMDs]
Replies: 16
Views: 2173

Re: Dilemma of sorts…[asset allocation to reduce RMDs]

If you give to charity, you may want to transfer some of your 401k to an IRA to allow some pretax QCDs from the traditional IRA. QCDs if taken before completing your annual RMD distributions will reduce your taxable income at the same time as satisfying part or all of your RMD .
by Eagle33
Fri Mar 22, 2024 10:47 pm
Forum: Personal Investments
Topic: Vanguard new digital advisor and Advice platform
Replies: 3
Views: 934

Re: Vanguard new digital advisor and Advice platform

I thought it was not possible to rollover a Roth IRA into a Roth 401k. Correct me if I'm incorrect.
by Eagle33
Fri Mar 22, 2024 9:32 pm
Forum: Personal Finance (Not Investing)
Topic: Calculating Social Security Survivor Benefits for Young Families
Replies: 18
Views: 1033

Re: Calculating Social Security Survivor Benefits for Young Families

Does the second survivor benefit for a spouse that can be taken at 60 (reduced) or at spouse's FRA (full amount) is it based on a full 35 years calculation or the same high 13 years calculation at time of death?
by Eagle33
Fri Mar 22, 2024 7:27 pm
Forum: Forum Issues and Administration
Topic: Notifications are not updating ?
Replies: 5
Views: 665

Re: Notifications are not updating ?

RIMDBogle wrote: Thu Mar 21, 2024 12:37 pm I see the notifications on top right are not getting updated.
Did you still not get a notification?
by Eagle33
Thu Mar 21, 2024 10:55 pm
Forum: Personal Finance (Not Investing)
Topic: How do we determine QBID for S-Corp income for 2023 ?
Replies: 18
Views: 1240

Re: How do we determine QBID for S-Corp income for 2023 ?

Did you mean Form 8995 Qualified Business Income Deduction?

If you have Excel you can download a copy of the US Federal Income Tax Spreadsheet created by Glenn Reeves at https://sites.google.com/view/incometaxspreadsheet/home/download It has links between the various tax forms.
by Eagle33
Tue Mar 19, 2024 9:39 am
Forum: Personal Finance (Not Investing)
Topic: OpenSocialSecurity Spousal Benefits question
Replies: 4
Views: 932

Re: OpenSocialSecurity Spousal Benefits question

Try opensocialsecurity.com it has capability for pensions without SS.
by Eagle33
Mon Mar 18, 2024 8:54 pm
Forum: Personal Finance (Not Investing)
Topic: Value of Suspended Spousal Benefit
Replies: 16
Views: 1926

Re: Value of Suspended Spousal Benefit

I did not see any indication whether or not that your spouse would have no SS benefit on her record alone. Assuming she would not have her own benefit, then you must be receiving a SS benefit for her to receive a SS benefit. If however she does have 40 credits (10+ years) of wage history, she would can claim her SS benefit based on her work history whether or not you are receiving SS benefits. Claiming her prior to her FRA will reduce her benefit received. No reduction claiming at her FRA and DRCs earned if she delays claiming her own work history benefit but only until you claim your SS. Is her PIA greater than or less than half of your PIA? If her PIA is great, then there is no spousal benefit addition to her monthly benefit payment. If h...
by Eagle33
Mon Mar 18, 2024 1:01 pm
Forum: Personal Investments
Topic: Does PNC Bank have a good reputation for financial advisors?
Replies: 10
Views: 1766

Re: Does PNC Bank have a good reputation for financial advisors?

There are 3 worlds of money:
* The Banking World
* The Insurance World
* The Wall Street World

They each have their own strength and weakness when it comes to:
* Safety
* Liquidity
* Growth

Each world is trying to expand into the other 2 worlds.

Which world best matches you or your wife's desires the best.
by Eagle33
Fri Mar 15, 2024 4:50 pm
Forum: Personal Investments
Topic: Planning Parents' Retirement strategy
Replies: 9
Views: 1424

Re: Planning Parents' Retirement strategy

They are age 69 & 66 For Mom this year, open a Roth IRA & take ~$14k from her Traditional IRA into a Roth IRA. Pay taxes on that $14k (this should still keep them in the 12% tax bracket). After we do this, wouldn’t be able to touch this money for 5 years to avoid penalty. Your mom is over 59.5 and there is no 5-yr clock penalty on the proposed conversion amount. She can withdraw the full $14k from her Roth IRA once the conversion is settled without penalty or taxes. Her new/initial Roth IRA account still has a 5-year income tax clock on any earnings while in the new account if she withdraw any more than the conversion amount. Roth IRA sequence of withdrawals is first contributions, then conversions, then earnings only after both co...
by Eagle33
Fri Mar 15, 2024 12:17 pm
Forum: Personal Investments
Topic: Vanguard or Fidelity
Replies: 73
Views: 6851

Re: Vanguard or Fidelity

I am considering moving from Vanguard to Fidelity because we live in one of the states that Vanguard will not withhold state income taxes. Our state doesn't tax SS but does IRA withdrawals and would like to just pay both the Fed and state at the same time through a single method instead of separate sites.
by Eagle33
Fri Mar 15, 2024 11:51 am
Forum: Personal Finance (Not Investing)
Topic: Medicare premium credit card auto-pay??
Replies: 5
Views: 1078

Re: Medicare premium credit card auto-pay??

We did it on medicare.gov and made a one-time credit card payment. Have done this the last couple of years. The only thing there is no clear indication what months have been paid, it just shows the payment amount & date the large payment was made. You have to do your own math using the correct premium amount for the year.
by Eagle33
Fri Mar 15, 2024 11:42 am
Forum: Personal Consumer Issues
Topic: Surprise! Wellcare part D free drugs. And I paid DiRx. Refund?
Replies: 18
Views: 1737

Re: Surprise! Wellcare part D free drugs. And I paid DiRx. Refund?

What annual payment? According to DiRx site
What do I have to pay for?
There are no membership fees with DiRx. You just pay for the price of your medicine.
by Eagle33
Thu Mar 14, 2024 10:41 pm
Forum: Personal Finance (Not Investing)
Topic: Medicare premium credit card auto-pay??
Replies: 5
Views: 1078

Re: Medicare premium credit card auto-pay??

You can pay for more than 3 months at a time. I paid my Medicare Part B premiums for Mar'24-Dec'24 in Feb24 and won't get another bill until Nov24 for Dec24-Feb25 period.
by Eagle33
Fri Mar 01, 2024 12:45 pm
Forum: Personal Finance (Not Investing)
Topic: Downloadable Social Security Benefit Estimator [Updated for 2024]
Replies: 220
Views: 45172

Re: Downloadable Social Security Benefit Estimator [Updated for 2024]

If one has a high enough salary and keeps working after 60, then each additional working year should displace a previous year if the wage base continues to increase, and which would increase the benefit. The summary is that there are indeed situations where the wage base is relevant for one's benefit even after 60 (but yes, the index for earnings is fixed at age 60). Actually, the calculator allows for illustrating this nicely. Select a 1964 birthdate, and input wages of $2,000,000 from age 5 through 110. Keep the inflation selector at "1" (no wage or price inflations). Then change it to 2, which creates non-zero wage/price assumptions for all future years. Big difference in the future benefit! A high income person who works from...
by Eagle33
Thu Feb 29, 2024 8:11 am
Forum: Personal Investments
Topic: Checklist and Pointers for Opening Accounts with Fidelity
Replies: 12
Views: 1425

Re: Checklist and Pointers for Opening Accounts with Fidelity

What are "direct sold" IRAs? Do you mean you want to self-manage your IRAs?
by Eagle33
Thu Feb 29, 2024 8:06 am
Forum: Personal Finance (Not Investing)
Topic: Downloadable Social Security Benefit Estimator [Updated for 2024]
Replies: 220
Views: 45172

Re: Downloadable Social Security Benefit Estimator [Updated for 2024]

neurosphere wrote: Wed Feb 28, 2024 9:17 am Now, if you expect additional earnings then inflation (in this case wage inflation) comes back into play. Because the amount of wages subject to SS and for which you get "credit" for changes with wage inflation. So it can make a difference to your benefit whether your wages are above the threshold or below.
Doesn't the wage inflation factor at 60+ get fixed at 1.0 and the only way new wages changes PIA is if the new wage is greater than the lowest older year's adjusted wage? Seems to me wage inflation is not a factor after 60.
by Eagle33
Tue Feb 27, 2024 11:11 am
Forum: Personal Finance (Not Investing)
Topic: UPDATE -Social Security - Delayed Retirement Credits Question
Replies: 34
Views: 4805

Re: UPDATE -Social Security - Delayed Retirement Credits Question

I am in a similar situation. We may have to wait up to 2 years before we get all the DRCs credited when they run their automatic DRCs. Checkout these links from MMSS. https://maximizemysocialsecurity.com/do-i-need-remain-patient https://maximizemysocialsecurity.com/feedback-regarding-drcs I applied at 69 and a half in September and got DRCs up to my 69th birthday (March 2023), missing 6 months of DRCs. When my February check did not show the 6 months DRCs (as many have stated in this blog), I thought I’ll go to the SS local office and give it a try. I was assigned to a nice agent (which is rare with the government) and she took my information to the back office to meet with others and came back about 20 minutes later with some scratch pape...
by Eagle33
Mon Feb 26, 2024 11:33 am
Forum: Personal Investments
Topic: Portfolio Review request: I am a fumbling beginner
Replies: 29
Views: 4103

Re: Portfolio Review request: I am a fumbling beginner

1. My first from yesterday: “About two months ago, I created a Trad IRA and diverted my automated savings into that new account…. Should I transfer [it] into my existing Roth? (which, I understand, means I'll pay some taxes now on this $1800). Or was it a good idea to start a Trad after all, and if so, do I fund both halfsies or put all into the Trad?” Since you can't deduct the contributions to a Trad IRA from your gross income on your tax return, a Roth IRA is likely the better way to go (regardless of your predicted tax-bracket in retirement being higher or lower than it is now). If the total balance is only $1,800, then converting this Trad IRA to a Roth IRA is likely a good idea. There is a Wiki topic on Traditional vs Roth that might...
by Eagle33
Sun Feb 25, 2024 4:51 pm
Forum: Personal Finance (Not Investing)
Topic: Vanguard RMD
Replies: 2
Views: 556

Re: Vanguard RMD

Vanguard website has not reached an idiot proof design level. So us intelligent folks need to not blindly click the first button.
by Eagle33
Sun Feb 25, 2024 2:11 am
Forum: Personal Finance (Not Investing)
Topic: IIRMAA - one time income and loss of salary - appealable?
Replies: 18
Views: 1880

Re: IIRMAA - one time income and loss of salary - appealable?

nostresshere wrote: Sat Feb 24, 2024 11:37 am We expect to sell our home soon and will have a profit of around $600,000.

that will cause a big hit to IRMAA..... any way to avoid that?
Is the $600k profit after the $500k exclusion for living in the house for 2 out the last 5 years?
https://www.irs.gov/taxtopics/tc701
by Eagle33
Sat Feb 24, 2024 10:15 pm
Forum: Personal Investments
Topic: Retirement withdrawals
Replies: 9
Views: 2076

Re: Retirement withdrawals

drspine wrote: Fri Feb 23, 2024 5:37 pm I have, and they wouldn't push us to a higher bracket.
Have you also checked the scenario after one of you passes on and the survivor is now using tax brackets for a Single person?
by Eagle33
Sat Feb 24, 2024 3:07 pm
Forum: Personal Finance (Not Investing)
Topic: Social Security Benefits payment confusion
Replies: 13
Views: 2072

Re: Social Security Benefits payment confusion

WeakOldGuy wrote: Fri Feb 23, 2024 11:56 am I just got off the phone from SSA/Medicare. They confirmed that, despite the wording in their Feb 2nd letter, they deduct the Part B premiums in the month the premium covers. So her first covered month is March and March will be the first month that the deduction occurs.
Are you saying that the March Part B premium is deducted from the February SS benefit that is received in March? Just trying to understand since SS is paid in arrears by 1 month.
by Eagle33
Mon Feb 19, 2024 1:40 pm
Forum: Personal Finance (Not Investing)
Topic: Roth Overcontribution – Recharacterization questions
Replies: 7
Views: 723

Re: Roth Overcontribution – Recharacterization questions

Duckie wrote: Sat Feb 17, 2024 7:20 pm This will trigger the required recharacterization statement which will say something like: "On March 15, 2023 I contributed $6500 to my Roth IRA. On February 15, 2023 I recharacterized the entire $6500 contribution plus $100 earnings totaling $6600 to my TIRA because my income was too high."
Should the recharacterized date be February 15, 2024, not 2023?
by Eagle33
Sun Feb 18, 2024 10:14 pm
Forum: Investing - Theory, News & General
Topic: Roth conversion v. systemic withdrawals from tIRA
Replies: 23
Views: 2188

Re: Roth conversion v. SYSTEMATIC withdrawals from tIRA

celia wrote: Sat Feb 17, 2024 1:32 pm Only QCDs after age 70.5 can avoid the tax man, but that is limited to $100k a year.
Actual QCD limit began adjusting for inflation this year and the QCD limit is increased to $105k for 2024.
by Eagle33
Sun Feb 18, 2024 2:33 pm
Forum: Personal Finance (Not Investing)
Topic: [RESOLVED] Tax Hypothetical for those with no earned income from a job.
Replies: 19
Views: 1577

Re: Tax Hypothetical for those with no earned income from a job.

OP, retired@50 post shows how income subject to capital gains tax rates stack on top of income subject to ordinary income tax rates. Ordinary income is identified in the graphic as "Regular Wage Income." But ordinary income also includes interest, short-term capital gains, and non-qualified dividends besides wage income. The graphics "Capital Gains Income" includes both long-term capital gains and qualified dividends. From the website I linked earlier... https://i.postimg.cc/0jnJSBjv/Screenshot-2024-02-16-at-4-30-18-PM.png Regards, While your various incomes stack on top of each other, both the tax rate brackets are lined up in parallel to your income stack. As more ordinary income is added, the more capital gains income...
by Eagle33
Fri Feb 16, 2024 7:19 pm
Forum: Personal Investments
Topic: ROTH IRA from Parent
Replies: 15
Views: 1568

Re: ROTH IRA from Parent

toddthebod wrote: Thu Feb 15, 2024 6:00 pm
bonesly wrote: Thu Feb 15, 2024 5:58 pm
Alan S. wrote: Thu Feb 15, 2024 4:57 pm But if they do name an individual beneficiary, the account will go through parent's estate subject to probate, and the 5 year rule will apply rather than the 10 year rule, cutting the time for the inherited Roth to grow by 50%.
Where are you getting this information from?
He obviously miswrote and meant don't.
That may be the case, but I would have expected a lawyer to verify wording prior to submitting. Us non-lawyers have come to expect more precision from lawyers since they will go to court over a word in a document.
Though lawyers are human beings like the rest of us.
by Eagle33
Wed Feb 14, 2024 6:17 pm
Forum: Investing - Theory, News & General
Topic: I Bonds Mega Thread (I Bond Heads Rejoice!)
Replies: 6658
Views: 1241453

Re: Treasury I Bonds - interest

Namashkar wrote: Tue Feb 13, 2024 3:33 pm I do not understand how the interest rate is applied to I-bonds. I bought 10K worth of them on 1-1-2023 and at present they are earning 4.35% until the end of June, 2024. Does anyone knows here what would be the interest rate starting July 1, 2024?

Thanks,
Check back with me on May 1 and then I can tell you. :happy
by Eagle33
Wed Feb 14, 2024 10:48 am
Forum: Personal Investments
Topic: Keep IRA for Spouse or Convert
Replies: 13
Views: 1203

Re: Keep IRA for Spouse or Convert

If you live in a state now or move to one that has an annual tax exception for $XX,000 individual retirement account withdrawals for seniors, then it is beneficial to have IRA for each person. My state doesn't have this benefit so we Roth converted the smaller IRA to zero balance to both simplify RMDs and leave open the backdoor option for one of to continue make Roth contributions since one will never retire.
by Eagle33
Mon Feb 12, 2024 7:08 pm
Forum: Personal Finance (Not Investing)
Topic: Estimated Tax Q - Safe Harbor the First 3 Quarters then Pay Q4 on Final Tax Owed?
Replies: 3
Views: 513

Re: Estimated Tax Q - Safe Harbor the First 3 Quarters then Pay Q4 on Final Tax Owed?

My spouse is commission based income & I'm retired. We also do the 110% divided by 4 of previous year taxes for the first 3 quarters. 4th quarter we adjust to bring total estimated payments to match the actual required for current year.
by Eagle33
Mon Feb 12, 2024 6:03 pm
Forum: Personal Finance (Not Investing)
Topic: Safe IRMAA Estimate 2023 for 2025
Replies: 32
Views: 6535

Re: Safe IRMAA Estimate 2023 for 2025

HeelaMonster wrote: Sun Feb 11, 2024 2:54 pm
Since your actual alternate year (2003) income of $204,000 is under the actual threshold for IRMAA of $206,000 for 2024 coverage you will not be subject to an IRMAA surcharge for 2024 Medicare.
by Eagle33
Fri Feb 09, 2024 6:45 pm
Forum: Personal Investments
Topic: Transferring rollover iras
Replies: 8
Views: 1109

Re: Transferring rollover iras

What did your planned new custodian tell you when you spoke to them about the desired transfers?
by Eagle33
Wed Feb 07, 2024 10:36 pm
Forum: Investing - Theory, News & General
Topic: Collecting Social Security at 62 Leaves Me (and My Heirs) Better Off, Every Time
Replies: 143
Views: 15063

Re: Collecting Social Security at 62 Leaves Me (and My Heirs) Better Off, Every Time

Big Dog wrote: Tue Feb 06, 2024 9:49 pm That is why Mike Piper's model is morality-adjusted; so Kitces is making a normative statement vs. a quantitative or Financial one. And don't forget, Kitces has a personal financial incentive to recommend delaying as it means more assets earning AUM fees.

"It Is Difficult to Get a Man to Understand Something When His Salary Depends Upon His Not Understanding It"
Doesn't delay claiming SS force the person to take more income from the portfolio before taking SS? Doesn't this reduce AUM fees?
by Eagle33
Tue Feb 06, 2024 8:40 pm
Forum: Personal Investments
Topic: Maximizing dormant 401ks: How Would You Do It?
Replies: 12
Views: 1313

Re: Maximizing dormant 401ks: How Would You Do It?

ensign_lee wrote: Mon Feb 05, 2024 12:08 pm Are you ever planning on doing a backdoor Roth IRA? If not, I'd say just consolidate it at Robinhood with that 3% bonus they're offering (There's a giant thread here on bogleheads about it).

Looks like you'd qualify for ~$3k bonus if you transferred all of them there. Then just put it in VOO or VTI (vanguard etfs) and forget about them until retirement
One is locked in for 5 years at Robinhood paying their Gold subscription fee and can't draw accounts below what you transferred over, else will loose the 3% bonus.
by Eagle33
Sun Feb 04, 2024 3:18 pm
Forum: Personal Investments
Topic: Help With Explaining These 2 Funds
Replies: 15
Views: 1067

Re: Help With Explaining These 2 Funds

retired@50 wrote: Sat Feb 03, 2024 3:59 pm
LaramieWind wrote: Sat Feb 03, 2024 3:52 pm
retired@50 wrote: Sat Feb 03, 2024 3:46 pm
LaramieWind wrote: Sat Feb 03, 2024 3:41 pm
His daddy liked dividends, he uses the same non-fiduciary advisor that daddy did. Thinks dividends are a free ride. His broker lost his license and my friend blames FINRA. Still uses the same firm dispute numerous lawsuits over the years.
Given the level of loyalty described above, you might be better served to keep out of it entirely.

Regards,
Agreed. Really just taking the opportunity to educate myself.
I find the risk tab at Morningstar for SOAEX to be somewhat telling... 100+ = Extreme. Just in case anyone thinks the dividends are "safe".

Image

Regards,
VDE has the same Risk level of 100+ = Extreme at Morningstar.
by Eagle33
Thu Feb 01, 2024 9:45 pm
Forum: Personal Investments
Topic: Backdoor Roth conversion using funds from tIRA 2023 and 2024
Replies: 5
Views: 467

Re: Backdoor Roth conversion using funds from tIRA 2023 and 2024

Personally I would make 2 separate contributions on different days and then do 1 conversion. The different days will remind me that that they were for different years. No need to separate the conversion into 2 transactions - KISS.
by Eagle33
Wed Jan 31, 2024 8:09 pm
Forum: Personal Finance (Not Investing)
Topic: 1099-LTC reporting
Replies: 4
Views: 706

Re: 1099-LTC reporting

If Box 3 is checked for reimbursement, then no reporting is necessary.
by Eagle33
Wed Jan 31, 2024 7:49 pm
Forum: Personal Finance (Not Investing)
Topic: Best way to transfer 529 funds to child's account
Replies: 9
Views: 703

Re: Best way to transfer 529 funds to child's account

toddthebod wrote: Tue Jan 30, 2024 1:59 pm
renegade06 wrote: Tue Jan 30, 2024 1:41 pm Ah ok Thank you! Hopefully, I will have that problem of having $13 million, but it's highly doubtful at this point :D
Either way, it's easy enough to transfer up to the annual exclusion each year from your and your spouse's accounts (that would be $36,000 total this year) to your child's account, sparing you the paperwork.
Aren't the contributions to the son's as beneficiary 2 accounts consider part of the $18k annual gift limit per person not requiring reporting? $36k -$4k - $4k = $28k in total that can be transferred from the 2 parents ($14k/ea) 529 accounts to son's 529 accounts.
by Eagle33
Wed Jan 31, 2024 7:37 pm
Forum: Personal Finance (Not Investing)
Topic: 1099-DIV: report total or individually by MF?
Replies: 13
Views: 1181

Re: 1099-DIV: report total or individually by MF?

Chuckles960 wrote: Tue Jan 30, 2024 1:43 pm
lstone19 wrote: Tue Jan 30, 2024 1:33 pm And that's the difference between a mutual fund account and a brokerage account. In a mutual fund account, you own the mutual fund directly so dividends are reported by fund. In a brokerage accounts, the mutual funds are in street name and National Financial Services, Fidelity's street name holder of record, reports the dividends to you as nominee.
Got it. Never knew that!

Thanks to everyone else as well.
That's why there are separate TIN for each mutual fund in a MF account, but only one for all the funds in a brokerage account.
by Eagle33
Wed Jan 31, 2024 6:00 pm
Forum: Personal Finance (Not Investing)
Topic: Treasury Direct I Bond 1099INT none available
Replies: 24
Views: 2671

Re: Treasury Direct I Bond 1099INT none available

I think I prefer to report interest on my I Bond on a yearly basis versus maturity. Why? I agree with the questioner, I would not do this either. I suspect the OP has some desire to shift taxation into the current years, much as we do with Roth conversions to reduce taxes later. But this places the onus on the OP to keep track of all the interest declared through the years, and then use a not-commonly-done process when the I Bond matures, declaring all the interest already paid with no or little balance due. I generally avoid anything that might trigger correspondence with the IRS, particularly the older I get. I agree. Plus if OP dies, then somehow OP must transfer their tax paid info to the executor or one that inherits not yet matured i...
by Eagle33
Wed Jan 31, 2024 3:56 pm
Forum: Personal Finance (Not Investing)
Topic: Social Security: "You Have Earnings Not Covered By Social Security"
Replies: 39
Views: 4809

Re: Social Security: "You Have Earnings Not Covered By Social Security"

Please tell me how you open "the full info on each year" and see "which employer reported how much" on the lifetime earnings chart . On the SSA.gov "Earnings Record" page, I see a chart with three columns: Work Year, Taxed Social Security Earnings, and Taxed Medicare Earnings. I see no way to get the more detailed information that you describe. I just found this: From HOME (on the mySSA.gov), scroll down to Eligibility and Earnings , then click Review your full earnings record now . Then, just above the table that lists Work Year/Taxed SS Earnings/Taxed Medicare Earnings, is a sentence that reads “ Not sure if you need to request a correction? Take a closer look . Click closer look Now the table adds an additi...
by Eagle33
Tue Jan 30, 2024 2:30 pm
Forum: Personal Finance (Not Investing)
Topic: SS Benefit Verification amt differs from Benefit Details online?
Replies: 24
Views: 3249

Re: SS Benefit Verification amt differs from Benefit Details online?

PGR wrote: Mon Jan 29, 2024 3:57 pm (Now if I only understood why the IRS doesn't utilize standard 4 month quarters for estimated tax payments)
Are you saying you have three(3) 4-month quarters in a year, assuming 12 months in a year? Maybe that is not helping in your calculations. :twisted:
by Eagle33
Sun Jan 28, 2024 5:58 pm
Forum: Investing - Theory, News & General
Topic: Vanguard Customer Service Mega-thread
Replies: 1514
Views: 169525

Re: Vanguard Customer Service Mega-thread

retire2022 wrote: Sat Jan 27, 2024 7:59 pm Fidelity ranked 99, the highest score and Vanguard ranked 78.

https://www.visualcapitalist.com/sp/ran ... k-brokers/
Those numbers do not include Customer Service scores - Fidelity 93 and Vanguard 83.
by Eagle33
Sun Jan 28, 2024 5:50 pm
Forum: Personal Finance (Not Investing)
Topic: Sign up for Medicare ? New question added
Replies: 9
Views: 1321

Re: Sign up for Medicare ? New question added

We decided to go with my employer plan. I thought we did what needed to be done to decline Part B. But the $175 was deducted from his January payment. So, we need to contact them and see if it’s a delay or if we missed a step. BUT, he also ended up in the Emergency Room mid month, so we have a $1500 bill from that after my HDHP. If we kept him double covered, would Medicare pick up 80 percent of that? Does his red/white/blue Medicare Health Insurance card from Medicare only have HOSPITAL (PART A) coverage start date or does it also have a MEDICAL (PART B) coverage start date? Should only show a PART A coverage. Not sure how your employer's medical coverage works with PART A. I know that there is a PART A deductible ($1,632 in 2024) that ev...
by Eagle33
Fri Jan 26, 2024 6:27 pm
Forum: Personal Finance (Not Investing)
Topic: High earner and dependents?
Replies: 5
Views: 1089

Re: High earner and dependents?

May prevent someone using your kid's SSNs and filing false tax returns.
by Eagle33
Thu Jan 25, 2024 6:41 pm
Forum: Personal Finance (Not Investing)
Topic: Identifying Roth IRA Account Merrill
Replies: 5
Views: 508

Re: Identifying Roth IRA Account Merrill

I'm curious what Merrill Edge told you when you contacted them.
by Eagle33
Thu Jan 25, 2024 3:35 pm
Forum: Personal Finance (Not Investing)
Topic: Medicare Billing Question
Replies: 8
Views: 1032

Re: Medicare Billing Question

One should carefully consider the decision to have Part D be paid from SS. While Part B is unchanging and always paid to the government, Part D plan can change every year. Sometimes you may get the plan from the same insurance company, other years it may be much lower cost from a different insurance company. We have chosen to not pay the Part D via SS and pay which ever insurance company that can provide us the best plan for us that year, and not have to worry about having SS change who they are paying for us each year.