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In NYS it is illegal for a restaurant to charge a surcharge. It has to be worded on the menu that the prices on the menu assume a credit charge and it you pay in cash you will get a discount. I just went to a restaurant tonight and it said on the menu there would be a 4.0% charge paid for using...

I totally agree. I have been doing Roth conversions to the top of the 22% bracket and will do so until I am 73. After that what I need to take out will be more than the RMD so I am good. When I run the numbers with my investment guys they say what is left for my son is going to be the Roth so he...

Excel Spreadsheet for Fed and NYS Here is an Excel spreadsheet that I developed. Fill in the sections in green text. I live in NY so the first $20,000 of our pension is exempt, and Social Security is exempt in NYS. If you live in another state, you will have to fill in the tax table for that...

I have given to St Jude for the past 10 years. Its a great cause, the kids who go there get free cancer treatment. I am considering doing a QCD when I become the age of RMD.

Jerry1, Overall I was down 6.18% they take .62 % for their fee so lets say I was down 6.8%. I believe the S&P was down 19.41% the DOW was down 8.8% and the NASDAQ was down 33.1%. So I think they did pretty good for me.

I use an advisor. I disagree with those who say only use a fee base and not a % of portfolio. with fee base there is no incentive to make you more money. I use a company called E3 Wealth. I have been with them for 3 years and I am very happy.

When my son started driving we took out an umbrella policy. After he got married and moved out, we put a pool in and decided to keep the policy in case something were to happen at the pool.

I filed my taxes on 02/14/23 assuming I would have gotten everything Not the case, on 02/20/23 I received a 1099 DIV. I looked it up online and it says they are required to mail them out by 01/31/2023. I can't believe that it took 2 1/2 weeks to reach me.

Is he a licensed electrician? If so its his responsibility to ensure his safety. I assume the panel is in the basement which means he has no lights on if the main is shut off. I guess you could always hold a flashlight for him, It shouldn't take long to insert the new breaker, run wires into the...

I filed our taxes. They were accepted both fed and NYS, but then I received another 1099-R for a distribution that I had forgotten that I took. I went in to amend my return, but it says it won't be ready until the end of Feb. Initially it said 02/16 which was yesterday.

Recommendation For 37 years I made all of our financial and investment decisions. I retired in 2018 and about a year later my wife and I had a discussion about who would manage our finances if something were to happen to me. For a year I spoke to many investment people but couldn't connect with...

Vacation Budget We usually budget and take 2 major vacations a year. These are usually 10 to 14 days and include airfare, hotel or VRBO, rental car, eating out, and some spending money. We also plan on 5 weekend get always. These are usually 2-3 days and its usually within a 3-4 hour drive. Our...

ncbill, I do the same, I do a Roth Conversion usually in Dec or Jan, I then send it an estimated taxes for both IRS and NYS. I have never had an issue.

S&P 500for 2023 4015

I managed our investments for 38 years while I was working. After retirement my wife and I had a conversation. She expressed that she was nervous that if something happen to me she wouldn't know what to do about our investments. She has no interest in this. It was then that I decided to look...

teej1985 I am not saying a $25 would break me. I am just saying with all of the deductibles going up, I have to add the numbers for this year. If I can't make the deductible, why even purchase the plan.

I live in NY and I had Aetna SilverScript. Just got my mailing, the monthly price went from $7.20 to $10.10 that's a 26% increase year to year. The deductible as you said went from $480 to $505. I have to calculate the numbers for this year. With the deductibles being where they are for my...

Vacation Only Our vacation is currently 9.8% for this year, this does not count a 45th anniversary trip we will go on in Oct.

pb4uski is correct, you will have to pay federal and state income tax on this money but it doesn't effect your Social Security earned income. I just went through this at the end of last year and 1Q of this year doing a $40k and $60k Roth conversion. My plan is to convert as much as I can to keep...

I use to work for IBM so I have to use Via Benefits. After a lot of research and calls to my Investment Teams medicare advisor, I chose Plan N. There are some good Youtube videos out there that compare the plans.

Alternative Investments Look at alternative investments. Yieldstreet is one company that does this. I am with e3 Wealth and they do a portion of my money in alternative investments. Most of these are real estate like multi family, but there are others like art, wine. These are usually solid...

I took Social Security at 62. The following were my reasons. 1. The break even was 79, I figured who cares after that 2. My dad died at 52 my mother died when she was 63 The issue is, I didn't think about my investments continuing to grow as I don't need to take money out to pay my expenses...

I did my first Roth conversion last year and will another soon. Taxes will only get more expensive as time goes on. I am trying to drive down my RMD before I get 72.

I have been doing ours for years. My sells Avon and I have investments that pay dividends and short and long term gains. I use H&R Block online. This year I paid $106.00

My 2 cents I retired at 61 and 9 months in 2018. I took SS at 62 as did my wife. I get a pension. At the time I managed all of our investments for the past 35+ years. About a year ago I hired a firm to manage my investments, and so far I am happy what they have done for us. However, at the time...