Recent content by CountingDown2014

audreyh1 - That's interesting/annoying. I am in the same boat and was expecting that interest to be included in 2020. Guess I am going to have to update my 2021 planning. Thanks for the info!

Thanks scrabbler1 - good to know!

Great - thanks for your quick replies.

We didn't qualify for a 2021 Obamacare subsidy based on our estimated 2021 income but, upon reflection with interest rates as low as they are, it looks like there is a decent chance that we will qualify for an Obamacare tax credit for 2021. Since we'll probably be close to the ACA cliff and my...

Just an update - today out of the blue we received a second corrected SSA-1099 showing zero net benefits for 2018. At least I have the peace of mind knowing our 2018 taxes are consistent with this revised document so when we do get audited, there shouldn't be an issue.

I did speak to the IRS this morning and was told that the IRS is going to go with what the SSA says so to the extent there is a discrepancy between my return and the SSA-1099, that would likely trigger an audit. And, in the event of an audit, the IRS is generally inclined to defer to the SSA...

As I finalized our return for filing by Turbotax, it appears that there's no way to provide an explanation of the 1099-SSA discrepancy or upload any documents (such as the SSA letter or a copy of our check to the SSA) and Turbotax seems to suggest that these would be ignored anyway during the...

GrayHare - Thanks for your response. My plan is to go with your approach and cross my fingers.

My spouse started collecting SS retirement benefits in June 2018 but then we decided to withdraw the request in October 2018 and defer collecting these benefits until a later date. In November 2018 we received a letter from the SSA saying the withdrawal request could only be approved if all SS...

Another Ally Bonus Question Thanks for your reply Audreyh1. Do you know if new $ is transferred to Ally for the bonus whether you can transfer old $ money at Ally out before the January 15 without losing the bonus?

Ally Bonus Question Does anyone know if I can move $ OUT of Ally now, enroll for the bonus by Sunday and then move the $ back a few days later and still qualify for the bonus? I recently had a CD mature from another institution and moved that $ to Ally before I learned about the bonus so was...

Ally no-penalty 11 month CD now at 1.6% Just noticed this last night and converted all of my CDs that were at the old 1.5% rate which was relatively easy to do online... :dance:

Thanks Johnny for the tip - I am on the phone now converting a bunch of Ally No Penalty CDs I have at a lower prior rate (1.25%).

Andrews FCU Thanks for the responses. It definitely seems like Andrews FCU would be the way to go except that I was trying to avoid having to deal with transferring funds to another institution (I already have CDs at PenFed and NWFCU) and have a few more months before I should transfer $ out...

JPMorgan Chase 3% 10-Year CD I noticed on Fidelity that JPMorgan Chase is offering a 3% 10-Year CD although it doesn't appear that you have the ability to make any early withdrawals prior to maturity. I am considering moving some $ that is currently in a bond fund in my tIRA and Roth IRA to...