Search found 61 matches

by wormtail
Tue Feb 21, 2017 11:33 pm
Forum: Personal Finance (Not Investing)
Topic: Retirement and LTCG help please
Replies: 14
Views: 1601

Re: Retirement and LTCG help please

Like under $50. Reinvested dividends I guess in the last year.
by wormtail
Tue Feb 21, 2017 11:18 pm
Forum: Personal Finance (Not Investing)
Topic: Retirement and LTCG help please
Replies: 14
Views: 1601

Re: Retirement and LTCG help please

So am I reading this right, if our income is 27.3K (40K minus standard deduction of 12.7 K)that to stay in the 15% category of 75K or so you are entitled only to add LTCG amount of the difference between income and 75K ? That is 75K -27.3K = 47.7K. If so I will have to do all LTCG over more than 1 y...
by wormtail
Tue Feb 21, 2017 8:40 pm
Forum: Personal Finance (Not Investing)
Topic: Retirement and LTCG help please
Replies: 14
Views: 1601

Retirement and LTCG help please

Thanks in advance for your responses. Retired Jan 1st 2017 so this is all new to me. Long term 3 fund accumulator. Now time to withdraw funds. My wife and I plan to withdraw 40K from taxable IRAs making our joint income 40K minus standard deduction of 12.7K or income of 27.3K which puts us in the 15...
by wormtail
Sat Oct 01, 2016 6:30 pm
Forum: Personal Finance (Not Investing)
Topic: Can you put 100% of income in Simple IRA?
Replies: 2
Views: 657

Can you put 100% of income in Simple IRA?

I am retiring January 1st. I want to keep my income down next year from IRA withdrawals to whatever the sweet spot is for Health insurance through the marketplace (NY) to get a reduced rate health insurance plan. From previous research this seems to be about $40,000 for an individual. I plan to use ...
by wormtail
Thu Jul 30, 2015 12:44 pm
Forum: Personal Finance (Not Investing)
Topic: HSA Bank reporting income in 2013 that is not income, need help
Replies: 9
Views: 1182

Re: HSA Bank reporting income in 2013 that is not income, need help

This is a followup from the original poster. Thanks to all that replied. Spoke to the IRS today and HSA bank. I have to complete an 8889 and send it in with the response form by mail and all should be good. Since all of the $6030 in distributions were qualified medical expenses no tax should be owed...
by wormtail
Mon Jul 27, 2015 6:23 am
Forum: Personal Finance (Not Investing)
Topic: HSA Bank reporting income in 2013 that is not income, need help
Replies: 9
Views: 1182

Re: HSA Bank reporting income in 2013 that is not income, need help

Thanks for all the replies. According to HSA bank representative a couple of years ago there is a provision that one can set up an HSA for a spouse over a certain age, (55 I think) of $1000. I actually did not know this was the case and made her repeat it multiple times before I felt comfortable doi...
by wormtail
Sun Jul 26, 2015 9:51 pm
Forum: Personal Finance (Not Investing)
Topic: HSA Bank reporting income in 2013 that is not income, need help
Replies: 9
Views: 1182

Re: HSA Bank reporting income in 2013 that is not income, need help

So this is my confusion. In 2013 I had $6450 in contributions to my HSA Bank HSA through my employer. My wife who has family insurance through me, I contributed $1000 to her own HSA bank HSA and filled out a form 8889 for her. But I did not fill out a Form 8889 for me. So I need to fill out a 8889 f...
by wormtail
Sun Jul 26, 2015 8:37 pm
Forum: Personal Finance (Not Investing)
Topic: HSA Bank reporting income in 2013 that is not income, need help
Replies: 9
Views: 1182

Re: HSA Bank reporting income in 2013 that is not income, need help

Well I'm fully capable of error. 2013 was the first year I did my taxes myself using Turbotax after using HR Block mostly for 30 years.

So is the proper procedure to get the appropriate form for 2013 and send it in with my letter to the IRS, due 8/19/15?
by wormtail
Sun Jul 26, 2015 8:03 pm
Forum: Personal Finance (Not Investing)
Topic: HSA Bank reporting income in 2013 that is not income, need help
Replies: 9
Views: 1182

HSA Bank reporting income in 2013 that is not income, need help

Got a letter from the IRS today, oh joy. I have been contributing through work to an HSA Bank account to the max for several years including 2013. Initially I used some of the account for medical expenses and then sometime in 2013 after reading opinions on Bogleheads have not taken any out and using...
by wormtail
Mon Jun 29, 2015 6:40 pm
Forum: Personal Finance (Not Investing)
Topic: Drawing from Retirement Savings to Delay SS
Replies: 43
Views: 9918

Re: Drawing from Retirement Savings to Delay SS

1. 50% (assuming no growth in portfolio which is unlikely) for 11 years till age 70.

2 No, retiring in 18 mos

I could work longer but I've won the game, why wait?
by wormtail
Mon Jun 15, 2015 8:36 am
Forum: Personal Finance (Not Investing)
Topic: Big Decision to Make
Replies: 58
Views: 12703

Re: Big Decision to Make

Based on what I've read in this thread I say go for it. Medical school and residency for example is a big sacrifice in your personal freedoms, even longer time frame that can pay off in a similar way. I'm not saying they are the same. A 5 year sacrifice for a big start to Financial independence soun...
by wormtail
Fri May 22, 2015 9:35 pm
Forum: Personal Finance (Not Investing)
Topic: How much does social security factor into your retirement income?
Replies: 169
Views: 44653

Re: How much does social security factor into your retirement income?

Age 57, DW 63, SS is an essential component of my retirement plans. Like many married people above have noted, the longer I delay, the more I protect my wife in retirement if I predecease her. Plan to both wait till 70 to claim, retire in a few years and spend down about half our nestegg before I ge...
by wormtail
Sat Mar 14, 2015 9:22 pm
Forum: Personal Finance (Not Investing)
Topic: If I Knew Then What I Know Now
Replies: 120
Views: 59678

Re: If I Knew Then What I Know Now

Well that was a nice read. Well done and thanks. I sent it to my 2 twenty year old children.
by wormtail
Sat Apr 12, 2014 6:42 am
Forum: Personal Investments
Topic: Experiences with Eli Lilly Credit Union for HSA?
Replies: 69
Views: 20532

Re: Experiences with Eli Lilly Credit Union for HSA?

Okay, great discussion on this thread. I am also with HSA Bank, and not thrilled with the expenses. Monthly fee if balance below $5000. I was late to the HSA party and may leave mine with HSA bank as I have now over $5000. However, I started an over 55 catchup HSA for my wife, $1000 per year (she is...
by wormtail
Mon Feb 03, 2014 9:57 pm
Forum: Personal Finance (Not Investing)
Topic: At what age to drop term life insurance?
Replies: 21
Views: 6967

Re: At what age to drop term life insurance?

Thanks for the responses. I've got 3 more years to work and am strongly considering dumping the policies at that time. Another good reason to retire at that time. We would suddenly reduce our retirement expenses by $3000 per year or so.
by wormtail
Mon Feb 03, 2014 9:27 pm
Forum: Personal Finance (Not Investing)
Topic: At what age to drop term life insurance?
Replies: 21
Views: 6967

At what age to drop term life insurance?

I'm looking at a $2500 bill for term life insurance for this year. My wife and I both have policies, average age for the two of us is 59. Both in good health. I'm thinking at some age of dumping these policies as each year they are more expensive and our nestegg grows in proportion to the payouts. I...
by wormtail
Mon Jan 20, 2014 11:26 am
Forum: Personal Finance (Not Investing)
Topic: Churning credit cards for air miles, need help
Replies: 35
Views: 4857

Re: Churning credit cards for air miles, need help

How does the devaluation over time of the air miles work? If I get 60,000 points on say United Airlines today and in 3 years want to use the points, how do they get devalued?
by wormtail
Sun Jan 19, 2014 7:47 pm
Forum: Personal Finance (Not Investing)
Topic: Churning credit cards for air miles, need help
Replies: 35
Views: 4857

Re: Churning credit cards for air miles, need help

Sorry, one more question. If you need 60,000 points to get a roundtrip to Europe for example and you have 50,000 at the particular airline you are flying and 10,000 on a credit card, can you combine these points for the trip? Or are these separate?
by wormtail
Sun Jan 19, 2014 7:26 pm
Forum: Personal Finance (Not Investing)
Topic: Churning credit cards for air miles, need help
Replies: 35
Views: 4857

Re: Churning credit cards for air miles, need help

As noted by a previous poster, reward seats can be hard to book. How far in advance do people try to book these reward seats? For example to get 4 tickets on a domestic round trip flight cheaply paying cash I booked an upcoming vacation 6 months in advance.
by wormtail
Sun Jan 19, 2014 7:04 pm
Forum: Personal Finance (Not Investing)
Topic: Churning credit cards for air miles, need help
Replies: 35
Views: 4857

Re: Churning credit cards for air miles, need help

Thanks for the responses, very helpful. I think I'll choose an airline and get started on this later this year. I just got the Fidelity AMEX and VISA so probably should stagger getting new cards. Since we will be retired when this travel occurs in a few years I hope getting a couple of points reward...
by wormtail
Sun Jan 19, 2014 4:22 pm
Forum: Personal Finance (Not Investing)
Topic: Churning credit cards for air miles, need help
Replies: 35
Views: 4857

Churning credit cards for air miles, need help

Ok, so I have gotten great tips on this forum and am continually learning. When my wife and I retire in a few years we want to take two long haul flight trips per year for the first few years, Europe, Hawaii for example. So there are sites like welltraveledmile.com which is the "what's in my wa...
by wormtail
Sat Jan 18, 2014 11:33 pm
Forum: Personal Finance (Not Investing)
Topic: Biggest regrets in your life in financial investment?
Replies: 101
Views: 13493

Re: Biggest regrets in your life in financial investment?

Started investing in a SEP IRA for our future retirement in the 80''s before the internet. Thought I was smart choosing active sector mutual funds that were "no front load". The expense ratios were in the 1% range but I didn't know better. Held them till 2008 when I found this forum and we...
by wormtail
Wed Jan 15, 2014 6:03 pm
Forum: Investing - Theory, News & General
Topic: Highest safe withdraw rate
Replies: 49
Views: 4836

Re: Highest safe withdraw rate

The SWR formula is very simplistic and is hard to use unless like the Trinity Study you take defined benefits, start SS and retire at 65. For most of us including me this is not very useful. The way I have modeled it is based on my age (I am the younger of married couple). At my age of 70 we will bo...
by wormtail
Mon Jan 06, 2014 11:51 pm
Forum: Personal Investments
Topic: Educational Savings Account (ESA) can it move?
Replies: 4
Views: 346

Re: Educational Savings Account (ESA) can it move?

I don't know about the ability to buy an ETF. I will ask TRowePrice. Thanks.
by wormtail
Mon Jan 06, 2014 11:43 pm
Forum: Personal Investments
Topic: Educational Savings Account (ESA) can it move?
Replies: 4
Views: 346

Re: Educational Savings Account (ESA) can it move?

Thanks for the response. Next best option might be Fidelity Spartan Funds at similar ER to Vanguard.
by wormtail
Mon Jan 06, 2014 11:28 pm
Forum: Personal Investments
Topic: Educational Savings Account (ESA) can it move?
Replies: 4
Views: 346

Educational Savings Account (ESA) can it move?

I have an ESA at TRowePrice with average expense ratio of about 0.35. A combination of Total equity POMIX ER 0.36 and US bond enhancd Index ER 0.3. Is it possible to move this fund to Vanguard to reduce my ERs to about 0.1? Or am I stuck because I established this account with TRowePrice 20 years ag...
by wormtail
Sun Dec 29, 2013 11:03 pm
Forum: Personal Consumer Issues
Topic: About to Buy a 2014 Subaru Forester
Replies: 51
Views: 13819

Re: About to Buy a 2014 Subaru Forester

I love my 2011 Forrester, 2.5 years, 40K miles. I had only one issue under warranty about 35000 miles. The rotors (brakes) needed to be resurfaced. They fixed it free, no other problems.
by wormtail
Sat Dec 28, 2013 10:29 pm
Forum: Personal Investments
Topic: General AA review and advice going forward -- age 56
Replies: 6
Views: 1802

Re: General AA review and advice going forward -- age 56

Deborah, Welcome to the Forum. I came to this forum with actively managed mutual funds with a similar sized portfolio with average expense ratios of 0.7. I switched to a 4 fund portfolio with average expense ratio of about 0.1%. That is 1/7th the cost. I think three of the fundamental recommendation...
by wormtail
Sat Dec 28, 2013 4:03 pm
Forum: Personal Finance (Not Investing)
Topic: Social Security estimates if early retiring?
Replies: 15
Views: 2076

Re: Social Security estimates if early retiring?

I did the calculator mentioned in post #2 and it gave me a benefit as if you took SS at 62. Assuming the benefit goes up 8% per year if delayed I multiplied that number by 1.64 to get an age 70 benefit. Is that calculation correct? That particular calculator assumes you will work till 62 so I will t...
by wormtail
Fri Dec 27, 2013 10:22 pm
Forum: Personal Finance (Not Investing)
Topic: Social Security estimates if early retiring?
Replies: 15
Views: 2076

Social Security estimates if early retiring?

There was a thread before about this but I can't find it. On SS.gov you can get an estimate of your benefits assuming you continue working. Someone said there was a way to manually populate your earning history and put in zero for years after early retirement and get a SS estimate. For example I pla...
by wormtail
Fri Dec 27, 2013 2:31 pm
Forum: Personal Finance (Not Investing)
Topic: Smarty Pig [Online savings bank]
Replies: 11
Views: 2435

Re: Smarty Pig

I have had a smartypig account for about 4 years, got the recommendation on a thread on this site and I was sick of no interest in my brick and mortar bank. There are gimmicks that are easily bypassed to access your money. To withdraw money you make a new "goal" and transfer whatever you d...
by wormtail
Sat Nov 02, 2013 8:58 am
Forum: Personal Consumer Issues
Topic: Pull-ups and Push-ups
Replies: 572
Views: 149676

Re: Pull-ups and Push-ups

My strength workup is modified pushups (on knees, I can do more with better form), bicycles which is a form of situp with rotation and leg movement, and modified pullups. I got the idea for modified pullups from the P90X which I never bought the videos but is a series of workouts with a lot of pushu...
by wormtail
Tue Oct 29, 2013 4:50 pm
Forum: Personal Finance (Not Investing)
Topic: Social Security Questions about survivor benefits
Replies: 6
Views: 650

Re: Social Security Questions about survivor benefits

Thanks. What about the scenario that I predecease her before her FRA. Could she then file for her own benefit between her age of 62 and her FRA (which happens to be 66) and then switch to the full widow benefit. If she did so would it reduce the widow benefit she could claim at her FRA?

wormtail
by wormtail
Tue Oct 29, 2013 4:25 pm
Forum: Personal Finance (Not Investing)
Topic: Social Security Questions about survivor benefits
Replies: 6
Views: 650

Re: Social Security Questions about survivor benefits

Thanks for the reply. Am I correct in assuming that there is no additional survivor benefit for a widow to wait until sometime after her FRA to claim the benefit? In other words the survivor benefit would max out at her FRA, and could not grow further, unlike the case when a living person can wait t...
by wormtail
Tue Oct 29, 2013 3:54 pm
Forum: Personal Finance (Not Investing)
Topic: Social Security Questions about survivor benefits
Replies: 6
Views: 650

Social Security Questions about survivor benefits

First of all thanks to all the great contributors to this forum and all the great information here. I have read the socialsecurity.gov website and searched this site but I am looking for clarification about what my wife's SS benefits would be if I predecease her. My age 56, hers 62, present plan is ...
by wormtail
Mon Aug 19, 2013 7:36 pm
Forum: Personal Investments
Topic: HSA through HSABank, treating like an IRA help
Replies: 10
Views: 1551

Re: HSA through HSABank, treating like an IRA help

Thanks, I already max out retirement accounts.

wormtail
by wormtail
Mon Aug 19, 2013 7:08 pm
Forum: Personal Investments
Topic: HSA through HSABank, treating like an IRA help
Replies: 10
Views: 1551

HSA through HSABank, treating like an IRA help

I have had an HSA account with HSA Bank (HSABank.com) for about a year. Money is pretax taken out of paychecks, default goes into a moneymarket account, I assume paying basically nothing like my local bank savings account. We have been paying family qualified medical expenses out of the account. I h...
by wormtail
Thu Aug 15, 2013 9:50 pm
Forum: Personal Investments
Topic: IBonds for me? I have read the Wiki, don't get it
Replies: 9
Views: 1510

Re: IBonds for me? I have read the Wiki, don't get it

So to set up an IBond Emergency Fund account, what do you do? Set up a Treasury Direct account? And if so how do I transfer money to my local bank if I need the funds?

wormtail
by wormtail
Thu Aug 15, 2013 9:16 pm
Forum: Personal Investments
Topic: IBonds for me? I have read the Wiki, don't get it
Replies: 9
Views: 1510

Re: IBonds for me? I have read the Wiki, don't get it

Thanks Nisi, So now I get why it's not really a Roth, still have to pay taxes on interest when it comes out. I still see 3 roles for IBonds in my portfolio. 1. We have 50K, probably close to 1 year Emergency Fund, earning close to 1% at an online bank that I could ladder to an IBond account. (I know...
by wormtail
Thu Aug 15, 2013 8:12 pm
Forum: Personal Investments
Topic: IBonds for me? I have read the Wiki, don't get it
Replies: 9
Views: 1510

IBonds for me? I have read the Wiki, don't get it

I have read the Wiki on IBonds vs TIPS but I still don't understand what the right answer for me is. Situation, age 55, wife 61 both still working for several years, 25% federal taxes 8% state, 4 fund Vanguard index portfolio 50/50 stock bond. Bond portion is divided 50% TotalBond and 50% TIPS. I st...
by wormtail
Sun Apr 28, 2013 9:17 pm
Forum: Personal Investments
Topic: Take Soc Security early or not?
Replies: 27
Views: 4164

Re: Take Soc Security early or not?

Well, I've learned more about Social Security in the last week than in my previous 55 years of living. One clarification. We are saving 58K per year at present into 401Ks, his 22.5, hers 22.5, and Roth 6.5K each but that is not all we are saving. I also have taxable accounts and we are saving as muc...
by wormtail
Sun Apr 28, 2013 10:36 am
Forum: Personal Investments
Topic: Take Soc Security early or not?
Replies: 27
Views: 4164

Re: Take Soc Security early or not?

Thanks for all the great replies. Jostoney your situation and mine are very similar and you made a decision to retire early that I would like to make. I will review that thread thoroughly when I get time.

Thanks,
wormtail
by wormtail
Sat Apr 27, 2013 7:25 pm
Forum: Personal Investments
Topic: Take Soc Security early or not?
Replies: 27
Views: 4164

Re: Take Soc Security early or not?

No, Padlin, your point is exactly my conundrum (and others looking at retirement). What is on one's bucketlist, what do those items cost, do those items require good health. For me I like athletic activities that I know will decline with age, which is a factor pushing me towards maximizing those act...
by wormtail
Sat Apr 27, 2013 5:08 pm
Forum: Personal Investments
Topic: Take Soc Security early or not?
Replies: 27
Views: 4164

Re: Take Soc Security early or not?

Again, thanks for all the replies. In posting my original post I was looking for feedback of why my plan was a dumb idea. I tend to dream big. Based on the replies I think retiring early as outlined is possible and not in any sense against the common sense advice that pervades this forum. However, o...
by wormtail
Sat Apr 27, 2013 6:25 am
Forum: Personal Investments
Topic: Take Soc Security early or not?
Replies: 27
Views: 4164

Re: Take Soc Security early or not?

Thanks for all the replies. I am in a field that if I wanted (or needed to work part time in Graco's Debbie Downer scenario) I could. The take SS early or not depends on longevity, I think the break even point would be age 78. If I lived less than this taking early would be better, If I lived longer...
by wormtail
Fri Apr 26, 2013 7:59 pm
Forum: Personal Investments
Topic: Take Soc Security early or not?
Replies: 27
Views: 4164

Re: Take Soc Security early or not?

Thanks for the reply. I certainly have thought about working part time, but it would be difficult with the extended travel I want to do. If my portfolio keeps doing well the part time work I would look at is reducing work hours before 60.5. I am kind of an all or nothing personality and we both have...
by wormtail
Fri Apr 26, 2013 6:56 pm
Forum: Personal Investments
Topic: Take Soc Security early or not?
Replies: 27
Views: 4164

Take Soc Security early or not?

Me, 55.5 years old, wife 60.5. His income 115K hers 50K. Neither of us have pensions. I want to retire in 5 years, 60.5 years, wife retire in 4.5 years at 66 which is full retirement age(FRA). I have done the bogglehead philosophy since 2008 and now have a typical 4 fund Vanguard portfolio of $1 mil...
by wormtail
Sun Apr 07, 2013 6:43 pm
Forum: Personal Investments
Topic: Rebalancing questions, help please
Replies: 1
Views: 335

Rebalancing questions, help please

First thanks to all the boggleheads who give their time to help the new people on the forum. I started here in 2008 and have learned a lot. I have a classic 4 fund bogglehead portfolio, total stock, all world intl, total bond and TIPS, about 85% in IRAs, 403Bs, roths, SEP, 15% in taxable, now about ...
by wormtail
Mon Jan 09, 2012 9:19 pm
Forum: Personal Investments
Topic: What is "TAP Stock Index Fund"
Replies: 7
Views: 1123

Re: What is "TAP Stock Index Fund"

Yeah, thanks for the analysis. It's a much better choice than the total crap choices she had at her previous 401K.

wormtail
by wormtail
Mon Jan 09, 2012 8:44 pm
Forum: Personal Investments
Topic: What is "TAP Stock Index Fund"
Replies: 7
Views: 1123

Re: What is "TAP Stock Index Fund"

From their website apparently an actively managed "index fund" with no load and Expense ratio of 0.65%, Large Blend. Is this active or passive?

wormtail