Search found 372 matches

by scifilover
Fri Apr 09, 2021 7:58 am
Forum: Personal Finance (Not Investing)
Topic: For those retired or FI, how much do you spend annually?
Replies: 286
Views: 20779

Re: For those retired or FI, how much do you spend annually?

I just reread this entire thread and found it interesting in what it said and did not say. We have been retired for over 19 years I totaled up our spending for that time (from Quicken), and it averaged $90k per year. The devil, as they say, is in the details..... So here are the major categories......
by scifilover
Thu Apr 08, 2021 8:28 am
Forum: Personal Finance (Not Investing)
Topic: HOA rules - limit number of rentals?
Replies: 39
Views: 3144

Re: HOA rules - limit number of rentals?

Our So. AZ Winter home is in a community of 2500 homes. When AirBandB started to get big our association proposed and then passed via an election a bylaw change that limited renting to periods of time of 30 days and longer, and limited rentals to no more than 10% of the number of homes in the commun...
by scifilover
Thu Apr 08, 2021 7:19 am
Forum: Personal Finance (Not Investing)
Topic: For those retired or FI, how much do you spend annually?
Replies: 286
Views: 20779

Re: For those retired or FI, how much do you spend annually?

I just reread this entire thread and found it interesting in what it said and did not say. We have been retired for over 19 years I totaled up our spending for that time (from Quicken), and it averaged $90k per year. The devil, as they say, is in the details..... So here are the major categories......
by scifilover
Wed Apr 07, 2021 8:54 am
Forum: Personal Finance (Not Investing)
Topic: For those retired or FI, how much do you spend annually?
Replies: 286
Views: 20779

Re: For those retired or FI, how much do you spend annually?

I just reread this entire thread and found it interesting in what it said and did not say. We have been retired for over 19 years I totaled up our spending for that time (from Quicken), and it averaged $90k per year. The devil, as they say, is in the details..... So here are the major categories... ...
by scifilover
Tue Apr 06, 2021 8:07 am
Forum: Personal Consumer Issues
Topic: GPS Tracking Device for Elderly Parent with Dementia
Replies: 11
Views: 1318

Re: GPS Tracking Device for Elderly Parent with Dementia

I believe that an Apple Watch could fulfill this need. Would need the version with the cell service. You would use the Find my Lost Apple Watch feature and link the watch to your Iphone.

https://appleinsider.com/articles/20/07 ... splaced-it
by scifilover
Tue Apr 06, 2021 7:47 am
Forum: Personal Finance (Not Investing)
Topic: Anyone else see drastic increase in Zillow value today?
Replies: 132
Views: 12718

Re: Anyone else see drastic increase in Zillow value today?

Last 30days our home increased by 9.6% on Zillow. There were, however, 2 sales is the last 2 weeks of similar sized homes in our neighborhood which were $20k higher than this Zillow estimate.
by scifilover
Sun Apr 04, 2021 7:30 am
Forum: Personal Finance (Not Investing)
Topic: Snowbirds - mail and bills
Replies: 42
Views: 4294

Re: Snowbirds - mail and bills

Not all first class mail is forwarded by USPS. We found out the hard way that USPS won't forward a Medicare reimbursement check. Instead they return the check to Medicare. After we stopped temporary mail forwarding and went back to our primary residence, I endured about 3 hours on the phone with Me...
by scifilover
Sat Apr 03, 2021 7:52 am
Forum: Personal Finance (Not Investing)
Topic: Snowbirds - mail and bills
Replies: 42
Views: 4294

Re: Snowbirds - mail and bills

What folks are calling mail forwarding is really doing a Temporary Change of Address with the USPS. You can do this on-line for a max of 6 months. During the six month period, the Post Office will forward first class mail. When you are in transit between locations you have the mail held and then del...
by scifilover
Tue Mar 30, 2021 8:41 am
Forum: Personal Finance (Not Investing)
Topic: More advice for BigLaw Survivor, please?
Replies: 211
Views: 31175

Re: More advice for BigLaw Survivor, please?

You have a lot to feel good about.......

I did a little projection for the value of your tax deferred accounts.....$4M today, at age 72 in 12 years could be $7.2M with just 5% compound growth. This could produce an RMD of $262K approx. at age 72.

Something to think about.
by scifilover
Sat Mar 27, 2021 8:39 am
Forum: Personal Consumer Issues
Topic: My 2017 CRV is a victim of the dreaded oil gas-dilution issue
Replies: 1212
Views: 207081

Re: My 2017 CRV is a victim of the dreaded oil gas-dilution issue

I've followed this thread since it began, and I have long wondered if these cars can be okay for some users and not for others. My oldest son lives in the Midwest and has one of these turbo CRV's. He commutes 35 miles each way every day at highway speeds and is very happy. Even on very cold days the...
by scifilover
Thu Mar 25, 2021 7:17 am
Forum: Personal Consumer Issues
Topic: Do you have a gas log insert in your fireplace?
Replies: 21
Views: 1512

Re: Do you have a gas log insert in your fireplace?

One more expense you need to consider is you will have to have an electrician out to add 110vac inside your existing fireplace so that you do not have an unsightly cord running out to a wall outlet. I understand this to mean that your unit requires AC to run? Or is that just to run a blower motor? ...
by scifilover
Wed Mar 24, 2021 9:03 am
Forum: Personal Consumer Issues
Topic: Do you have a gas log insert in your fireplace?
Replies: 21
Views: 1512

Re: Do you have a gas log insert in your fireplace?

May-June of last year we replaced a gas log that was for atmosphere only similar to what you have. We bought a LOPI insert. Total cost was just over $4k. Unit is sealed 31000 BTU, with remote control, manual or thermostat controlled. Located in LR which has very high ceiling and is hard to warm up. ...
by scifilover
Wed Mar 24, 2021 8:32 am
Forum: Personal Finance (Not Investing)
Topic: How quickly did you receive your 2020 tax refund?
Replies: 133
Views: 11202

Re: How quickly did you receive your 2020 tax refund?

Efiled and accepted on 3-5. Supposed to be paid today, but haven't seen it yet.
by scifilover
Tue Mar 23, 2021 7:37 am
Forum: Personal Finance (Not Investing)
Topic: Roth Conversions
Replies: 19
Views: 1933

Re: Roth Conversions

Under existing law your 22% tax bracket stops at the end of 2025. Thereafter, without additional legislation, the tax bracket will then be 25%. So at least, it seems to me, you might consider Roth conversions through 2025.
by scifilover
Thu Mar 18, 2021 7:20 am
Forum: Personal Finance (Not Investing)
Topic: Penalized by IRS for 2020 Q4 Roth conversion -- how and when do I amend?
Replies: 18
Views: 1856

Re: Penalized by IRS for 2020 Q4 Roth conversion -- how and when do I amend?

I also did a large 4th Q Roth conversion with an associated extra estimated tax payment. I went through the 2210AI and that reduced the penalty to $25. Are you saying you will have a $25 penalty even though you paid the tax on time? Or did you not pay enough tax on time? Or the penalty is for not d...
by scifilover
Wed Mar 17, 2021 8:23 am
Forum: Personal Finance (Not Investing)
Topic: Penalized by IRS for 2020 Q4 Roth conversion -- how and when do I amend?
Replies: 18
Views: 1856

Re: Penalized by IRS for 2020 Q4 Roth conversion -- how and when do I amend?

I also did a large 4th Q Roth conversion with an associated extra estimated tax payment. I went through the 2210AI and that reduced the penalty to $25. Estimated tax payments have less importance in the IRS system than withholding. Had this exact same transaction been a IRA withdrawal with withholdi...
by scifilover
Wed Mar 17, 2021 7:57 am
Forum: Personal Finance (Not Investing)
Topic: Grandparent with 529 plans
Replies: 13
Views: 1167

Re: Grandparent with 529 plans

If your children are very successful, the issue of FAFSA for grandchildren is not really material. They won't qualify for any need based assistance. We established 529 plans for our grandchildren. They are both going to state universities in the mid-west, and the 529s have enough funds to pay for th...
by scifilover
Sat Mar 13, 2021 7:11 am
Forum: Personal Consumer Issues
Topic: Motor vehicle accident; civil lawsuit
Replies: 87
Views: 10066

Re: Motor vehicle accident; civil lawsuit

Might suggest to brother that he look into defensive driving class for nephew. The only way you can rear end another car is by following too close..... Not true, but often the case. I had a very close call on the freeway. Following a van or truck I could not see through in the left lane. Suddenly, ...
by scifilover
Fri Mar 12, 2021 8:57 am
Forum: Personal Consumer Issues
Topic: Motor vehicle accident; civil lawsuit
Replies: 87
Views: 10066

Re: Motor vehicle accident; civil lawsuit

There is an entire industry set up to inflate the effects of these rear end collisions. The "injuries" are soft tissue injuries where it is hard to prove that they exist or don't exist. The claimant has rounds of treatment with chiropractors, and other "medical" experts to build ...
by scifilover
Fri Mar 12, 2021 8:30 am
Forum: Personal Finance (Not Investing)
Topic: Quicken 2019 and forward
Replies: 500
Views: 44095

Re: Quicken 2019 and forward

Now I am wondering if I can let my Premier membership expire, wait a few days, then become a new customer and get a two year deal? Has anyone tried this?
by scifilover
Thu Mar 11, 2021 9:30 am
Forum: Personal Finance (Not Investing)
Topic: Should I cancel earthquake insurance?
Replies: 37
Views: 3140

Re: Should I cancel earthquake insurance?

I just received my Homeowner's Insurance renewal packet from USAA. My question for the group is the continuation of earthquake insurance. I have covered our home for earthquake since we purchased it 17 years ago, however I now question whether or not to continue coverage since the premium seems too...
by scifilover
Thu Mar 11, 2021 9:21 am
Forum: Personal Finance (Not Investing)
Topic: Real Estate Related Retirement Questions
Replies: 11
Views: 1132

Re: Real Estate Related Retirement Questions

We have two homes, a primary we have been in for many years, and a Winter place in AZ which we use for about 5-5.5 months a year. We paid cash for the second, but at the time, prices were very depressed and since then have recovered. The net worth issue isn't applicable since our basis is low. It is...
by scifilover
Mon Mar 08, 2021 8:32 am
Forum: Personal Consumer Issues
Topic: Recommendation for wifi enabled Internet radio?
Replies: 14
Views: 857

Re: Recommendation for wifi enabled Internet radio?

There are thousands of radio stations on the Internet. I want to purchase a Wifi enabled Internet radio that uses AC power (not battery). Would use it in our kitchen. Our Internet service is via Cox cable & the cable modem has 2.4GHz & 5GHz WiFi service. Any recommendations? Assume you have...
by scifilover
Mon Mar 08, 2021 7:34 am
Forum: Personal Investments
Topic: Using Dividends as another income source
Replies: 27
Views: 2760

Re: Using Dividends as another income source

Dividends simply represent another source of cash. You need cash to pay your bills and have fun. I'm in the RMD stage of life. Sometimes, when I take an RMD, the distribution comes in the form of shares which I transfer from my IRA to my taxable account. These shares represent taxable income, but I ...
by scifilover
Sun Mar 07, 2021 7:51 am
Forum: Personal Finance (Not Investing)
Topic: Heloc with high DTI?
Replies: 6
Views: 409

Re: Heloc with high DTI?

When you purchased the home, I assume your income was used to qualify for the loan since your husband's income isn't high enough by itself to qualify for your current loan. You didn't specify how large a HELOC you are looking for. JMHO, it would be difficult to qualify for either a refi or a HELOC w...
by scifilover
Sat Mar 06, 2021 8:08 am
Forum: Personal Consumer Issues
Topic: Medicare Part D -prescription plan - Wellness Rx
Replies: 6
Views: 447

Re: Medicare Part D -prescription plan - Wellness Rx

Under Part D, there is a process for a written appeal. Some plans have limits re the number of pills etc. Call your plan and ask how to appeal.
Ditto suggestion to use pill splitter.
by scifilover
Fri Mar 05, 2021 7:37 am
Forum: Personal Finance (Not Investing)
Topic: FED_Taxable_Inherited_IRA rejection Turbotax
Replies: 112
Views: 7562

Re: FED_Taxable_Inherited_IRA rejection Turbotax

I was rejected a week ago with this error. I re-submitted a couple hours ago and it was just accepted. I skimmed through the PDFs for the old and new submissions, and I don't see any differences, so this seems like some sort of error on TurboTax's eFile backend. Thanks to all who have reported back...
by scifilover
Sat Feb 27, 2021 7:49 am
Forum: Personal Finance (Not Investing)
Topic: tax underpayment penalty use turbo tax estimate or let irs bill me?
Replies: 14
Views: 1283

Re: tax underpayment penalty use turbo tax estimate or let irs bill me?

I did a 4th Q Roth conversion, with an almost simultaneous extra estimated tax payment. TTax said I would owe a penalty despite this. Their calculation showed a penalty of $177. This am I went through the 2210AI process using data from Quicken. This reduced the penalty to $42. TTax says I still can...
by scifilover
Thu Feb 25, 2021 9:22 am
Forum: Personal Finance (Not Investing)
Topic: [Non-resident alien - Can I withdraw from my Roth IRA?]
Replies: 1
Views: 107

Re: [Non-resident alien - Can I withdraw from my Roth IRA?]

See: https://www.mybanktracker.com/blog/reti ... ras-286254

This article deals with the US side of things. You will need to consult an Italian tax accountant about what happens once you return to Italy.
by scifilover
Thu Feb 25, 2021 9:16 am
Forum: Personal Finance (Not Investing)
Topic: tax underpayment penalty use turbo tax estimate or let irs bill me?
Replies: 14
Views: 1283

Re: tax underpayment penalty use turbo tax estimate or let irs bill me?

I did a 4th Q Roth conversion, with an almost simultaneous extra estimated tax payment. TTax said I would owe a penalty despite this. Their calculation showed a penalty of $177. This am I went through the 2210AI process using data from Quicken. This reduced the penalty to $42. TTax says I still cann...
by scifilover
Wed Feb 24, 2021 8:53 am
Forum: Personal Finance (Not Investing)
Topic: 2020 Tax filing tips
Replies: 30
Views: 3486

Re: 2020 Tax filing tips

When you are downloading 1099s from firms you do business with, these 1099s PDFs are often not clearly labeled, so I find it is helpful to rename them immediately after downloading into some kind of standard, such as, Year, Firm, Account Name, Tax Form #. Then, it is also helpful to create a directo...
by scifilover
Sun Feb 21, 2021 7:34 am
Forum: Personal Finance (Not Investing)
Topic: Cash: a survey
Replies: 95
Views: 6324

Re: Cash: a survey

1. 10.4% 2. I think of monthly expense in terms of what is excess of SS pays for....10 Years 3. Retired, in RMD stage of life. The trouble with cash is that it just sort of piles up. With Covid we aren't spending what we did pre-Covid. Equities are near all-time highs, the FED has interest rates at ...
by scifilover
Thu Feb 11, 2021 7:34 am
Forum: Personal Consumer Issues
Topic: HOA Dispute Tree Root Damage
Replies: 15
Views: 1842

Re: HOA Dispute Tree Root Damage

Seems likely that the trees were there before the house was built and the landscaping installed. If this is the case, what is your theory of liability under which the HOA would be responsible? How were they negligent? The homeowner who installed the landscaping knew the trees were there; he/she coul...
by scifilover
Sun Feb 07, 2021 8:32 am
Forum: Personal Finance (Not Investing)
Topic: Selling house options
Replies: 8
Views: 549

Re: Selling house options

Probably don't want to take out all the furniture, easier to sell with furniture.....maybe declutter....realtor can help decide what furnishing to leave until house is sold. There is a whole business out there of folks staging vacant homes with furn to help them sell.
by scifilover
Sat Feb 06, 2021 7:38 am
Forum: Personal Finance (Not Investing)
Topic: tax question
Replies: 50
Views: 2815

Re: tax question

Some cost accounting might help with her understanding of her "business" and the amount of "profit" that she makes which would be taxed. For example, she goes to the store to buy flour etc. is she keeping track of the mileage and including that cost? How are the cookies distribut...
by scifilover
Mon Feb 01, 2021 7:46 am
Forum: Personal Finance (Not Investing)
Topic: Home Ownership Maintenance Cost
Replies: 21
Views: 1794

Re: Home Ownership Maintenance Cost

If you live in a home long enough your costs can easily reach 2% or exceed that threshold. The home we have lived in for 41 years will need a new $15000 driveway soon. Toilets are only supposed to last 50 years and we still have the originals. I have a wooden front porch and two wooden decks. All ha...
by scifilover
Mon Feb 01, 2021 7:13 am
Forum: Personal Finance (Not Investing)
Topic: New to TurboTax
Replies: 11
Views: 1181

Re: New to TurboTax

Which version of TT are you using? The free on-line version or one of the downloaded versions?

If you are using one of the downloaded versions, on the menu bar choose the Forms tab. When the tab opens you can choose the 1040 as the form you desire. I suspect you are using the free version.....
by scifilover
Sun Jan 24, 2021 8:37 am
Forum: Personal Consumer Issues
Topic: Costco Allstate Protection Plan for TVs
Replies: 15
Views: 1760

Re: Costco Allstate Protection Plan for TVs

Costco is selling at an additional cost extended warranty plans from Allstate. From Costco Website: Allstate Protection Plans FAQs Costco offers Allstate Protection Plans for a variety of products. Select a product below for more details: Cameras and Tablets Computers Televisions Appliances Cell Pho...
by scifilover
Thu Jan 21, 2021 7:04 am
Forum: Personal Finance (Not Investing)
Topic: Nonspousal Inherited IRA Distribution Code 4?
Replies: 4
Views: 340

Re: Nonspousal Inherited IRA Distribution Code 4?

If you use TurboTax to do your taxes, after you enter the Code 4, TT will then go through a different set of questions than if you entered Code 7. These questions ask if the IRA was inherited, when the original owner passed, and so on.
by scifilover
Mon Jan 18, 2021 8:42 am
Forum: Personal Consumer Issues
Topic: Beyblades rivals burst
Replies: 3
Views: 730

Re: Beyblades rivals burst

I don't play this game, but most of these games have numerous Youtube video demonstrations showing how to play.
by scifilover
Thu Jan 14, 2021 8:50 am
Forum: Personal Consumer Issues
Topic: Anyone here have Xfinity Streaming....
Replies: 33
Views: 2048

Re: Anyone here have Xfinity Streaming....

In some locations Comcast (Xfinity) has begun metering data with a 1.2TB cap and then additional charges for each additional 50MB....Just be aware....
by scifilover
Thu Jan 14, 2021 8:39 am
Forum: Personal Finance (Not Investing)
Topic: QCD requirements and tax advantages
Replies: 29
Views: 1809

Re: QCD requirements and tax advantages

Schwab and other brokers offer checkwriting for a TIRA which can be used to make QCDs. You must have cash available in your TIRA and be over 70.5. Using this process you can send a QCD directly to a qualified charity without any brokerage involvement. When you get your 1099R these payments will be r...
by scifilover
Wed Jan 06, 2021 7:49 am
Forum: Personal Finance (Not Investing)
Topic: W4 IRS calc | Why does it exclude health premiums?
Replies: 5
Views: 499

Re: W4 IRS calc | Why does it exclude health premiums?

Many employers offer a Section 125 plan which, among other things, pays health insurance with pre-tax dollars. Your HR department can tell you if your employer does this. If it does, then of course it would not affect w-4 calculations. If you are not part of such a plan, then you have the 7.5% thres...
by scifilover
Wed Jan 06, 2021 6:56 am
Forum: Personal Finance (Not Investing)
Topic: W4 IRS calc | Why does it exclude health premiums?
Replies: 5
Views: 499

Re: W4 IRS calc | Why does it exclude health premiums?

Health insurance premiums are part of medical expenses....which are not deductible unless they exceed 7.5% of Adjusted Gross Income. So, not part of W4.
by scifilover
Tue Jan 05, 2021 9:52 am
Forum: Personal Consumer Issues
Topic: Homeowner insurance
Replies: 44
Views: 2254

Re: Homeowner insurance

Rank Group/company Direct premiums written ($000) Market share 1 State Farm $1,604,187 17.6% 2 Farmers Insurance Group 1,408,290 15.4 3 Liberty Mutual 582,442 6.4 4 CSAA Insurance Exchange 574,938 6.3 5 Allstate Corp. 535,999 5.9 6 USAA Insurance Group 523,067 5.7 7 Auto Club Exchange Group 521,677 ...
by scifilover
Wed Dec 30, 2020 7:33 am
Forum: Personal Finance (Not Investing)
Topic: Insurance For Hacked Investment Accounts
Replies: 17
Views: 1817

Re: Insurance For Hacked Investment Accounts

There is an insurance organization called the SIPC which protects the accounts of member brokerages. In the event a broker goes bankrupt, the SIPC will reimburse up to $500k. $250k in cash and the balance in securities. Each account has protection. Most brokers belong to SIPC and pay for this protec...
by scifilover
Mon Dec 28, 2020 8:52 am
Forum: Personal Finance (Not Investing)
Topic: Buying a house with flood risk?
Replies: 54
Views: 3283

Re: Buying a house with flood risk?

I looked at Floodfactor for a house I have lived in for 40 years, which has no flood risk according to FEMA flood maps. From looking at what information the site is providing, their analysis of flood risk for my home is mainly based on future climate change. And while I think that climate change is ...
by scifilover
Fri Dec 25, 2020 8:06 am
Forum: Personal Finance (Not Investing)
Topic: Does a Small Roth Conversion Make Sense when tIRA is Growing?
Replies: 45
Views: 3167

Re: Does a Small Roth Conversion Make Sense when tIRA is Growing?

At the end of last year, I did a small $10k Roth conversion from my traditional IRA (tIRA) as sort of an "experiment" or as "practice" for larger Roth conversions later. I paid the tax due and all went well. The only "issue" was it really didn't make any sort of dent i...
by scifilover
Tue Dec 22, 2020 7:47 am
Forum: Personal Finance (Not Investing)
Topic: Pay Off Our Mortgage or Invest Heavily?
Replies: 51
Views: 5683

Re: Pay Off Our Mortgage or Invest Heavily?

If your children are under 10 years old, I would begin funding their college now by making substantial 529 contributions, say $30k each. With at least 8 years to go before college, these funds would have time for significant appreciation before need arrived. If you choose an age adjusted investment ...
by scifilover
Tue Dec 22, 2020 7:17 am
Forum: Personal Finance (Not Investing)
Topic: What can we do for Spouse's Retirement Contributions?
Replies: 6
Views: 765

Re: What can we do for Spouse's Retirement Contributions?

What are your approximate ages, and balances in tax deferred accounts. What is your hoped for retirement age? Before looking for more tax deferred, or Roth, it would be helpful for you to project what your tax deferred balance is likely to be at your desired retirement age with your current 401k add...