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Re: Is $700,000 enough to retire? Opinions please .

DH age 64.3 wants to retire unexpectedly from good job ,early in 2 months. Just ready, wants to do new things,work on our low profit side business. I also work and am 59.3 y/o. I think we have inadequate retirement funds to fund our yearly spending of after tax of $65000 (around $80000 taxable). Es...
by Carl53
Fri Oct 31, 2014 11:10 am
 
Forum: Investing - Help with Personal Investments
Topic: Is $700,000 enough to retire? Opinions please .
Replies: 46
Views: 4592

Re: Heat pump question

Even our older system rarely kicked on the heat strips. When it got below 30 outside and the system was coming off night setback they would run for 15-20 minutes to get a boost, then the compressor would be supplying heat after that. With our new system, the compressor was still supplying heat down...
by Carl53
Thu Oct 30, 2014 5:36 pm
 
Forum: Personal Finance (Not Investing)
Topic: Heat pump question
Replies: 50
Views: 2053

Re: Heat pump question

I'm not a HVAC engineer, but have a chemical engineering background and have had a ground source heat pump. When you are saying 'heat strips' are you talking about the resistance heat? If so, it sounds like the heat pump is not working at all. Could be low freon (leak) or the compressor might be bad...
by Carl53
Thu Oct 30, 2014 2:42 pm
 
Forum: Personal Finance (Not Investing)
Topic: Heat pump question
Replies: 50
Views: 2053

Re: How are you supposed to move a 401k

I was out of the market most of October 2008 when transferring my Fidelity 401k to VG IRA. Lost a few percent in October. The first I could reinvest it was election day, and dumped most of it back in the market. Big mistake, 5% up move that I bought into. Boy do I wish they would have diddled around...
by Carl53
Thu Oct 30, 2014 10:28 am
 
Forum: Investing - Help with Personal Investments
Topic: How are you supposed to move a 401k
Replies: 19
Views: 1131

Re: Early SS or Higher IRA Withdrawal??

Will your and your spouse's SS benefits be similar in magnitude? Since you both will have SS you should consider having one of you filing and suspending SS benefits at FRA. The other could then take spousal benefits for a few years. Both of your own benefits could continue to grow at 8% until age 70.
by Carl53
Thu Oct 30, 2014 5:07 am
 
Forum: Personal Finance (Not Investing)
Topic: Early SS or Higher IRA Withdrawal??
Replies: 19
Views: 1504

Re: Vehicle Loan Pay Off

You are putting money in the Roth. Are you in the 25% federal bracket? If so, perhaps put some in the T'IRA and save the 25%.
by Carl53
Wed Oct 29, 2014 4:51 pm
 
Forum: Personal Finance (Not Investing)
Topic: Vehicle Loan Pay Off
Replies: 8
Views: 536

Re: Vehicle Loan Pay Off

Background: Bought new truck in Feb '13 to replace my first vehicle that i purposely made uneconomical (HS/College Years). Loan: 15k @ 2.34% for remaining 49mo. Payment: $333.90/mo Currently paying bi-weekly: $200 ($400/mo) Currently saving for ring (gf of 3yr), home, and adding to personal Roth IR...
by Carl53
Wed Oct 29, 2014 4:48 pm
 
Forum: Personal Finance (Not Investing)
Topic: Vehicle Loan Pay Off
Replies: 8
Views: 536

Re: POLL: Gross Annual Retirement Income Before Taxes

Not including IRA conversions, nor drawdown on savings to pay taxes on them.
by Carl53
Tue Oct 28, 2014 2:45 pm
 
Forum: Personal Finance (Not Investing)
Topic: POLL: Gross Annual Retirement Income Before Taxes
Replies: 25
Views: 1913

Re: 1.99% Unsecured "AnythingLoan" READ UPDATE 9-10-14

althes wrote:Did they pull his Equifax credit report or was it just a soft pull to verify info.


He looked at creditkarma and said that there was only one hard pull recently, and it was from a new CC, not this loan.
by Carl53
Tue Oct 28, 2014 12:33 pm
 
Forum: Personal Finance (Not Investing)
Topic: 1.99% Unsecured "AnythingLoan" READ UPDATE 9-10-14
Replies: 56
Views: 8477

Lender Paid Mortgage Insurance?

This linked article talks about lender paid mortgage insurance as a potentially cost effective way to get out from under PMI. https://homes.yahoo.com/news/this-mortgage-cost-is-no-longer-necessary-223904035.html The article is short on details. Anybody have any experience or insight into this with a...
by Carl53
Tue Oct 28, 2014 11:29 am
 
Forum: Personal Finance (Not Investing)
Topic: Lender Paid Mortgage Insurance?
Replies: 5
Views: 505

Re: New Pool...equipment advice

I've used an ozonator for perhaps 15 years. It helped cut down on chlorine. Keeping the surface smooth, in my case epoxy paint, was resulted in the single biggest reduction in routine maintenance. Next on my list would be keeping about 30 ppm boron in the pool (20 mule team variety). BTW you seldom ...
by Carl53
Mon Oct 27, 2014 8:43 am
 
Forum: Personal Consumer Issues
Topic: New Pool...equipment advice
Replies: 9
Views: 778

Re: Home Sale Disclosure Advice

I believe disclosure requirement laws are state specific, so you should check what your state requires. Most have a standardized form which is completed by the seller and MUST be completed to the best of your knowledge. I just did a Google search and came up with several. Here is one for NY: https:...
by Carl53
Sun Oct 26, 2014 9:00 am
 
Forum: Personal Finance (Not Investing)
Topic: Home Sale Disclosure Advice
Replies: 7
Views: 928

Home Sale Disclosure Advice

Next year we are thinking about selling our 39 year old home. We have owned it for 25 years and are the 3rd owner. I understand that there are now some sort of disclosure requirements regarding things about a house that your are selling. I know that the original owner installed an interior drainage ...
by Carl53
Sun Oct 26, 2014 7:04 am
 
Forum: Personal Finance (Not Investing)
Topic: Home Sale Disclosure Advice
Replies: 7
Views: 928

Re: Turning 25 with 69k in savings.

scythe11 wrote:If it is, I should only partially convert it meet the 15% bracket is what you mean right?


yes
by Carl53
Sun Oct 26, 2014 6:23 am
 
Forum: Investing - Help with Personal Investments
Topic: Turning 25 with 69k in savings.
Replies: 18
Views: 2998

Re: Refinancing Advice - is cash out refinance good or bad

Lots of helpful advice. To follow up, I looked at the PenFed.org but it seems they have some membership restrictions that I don't believe I quality for, unless I'm missing something. It doesn't seem like anyone can join. I have excellent credit, just verified this today with my reports. (?Should I ...
by Carl53
Sat Oct 25, 2014 6:11 am
 
Forum: Personal Finance (Not Investing)
Topic: Refinancing Advice - is cash out refinance good or bad
Replies: 11
Views: 1172

Re: Turning 25 with 69k in savings.

I just read the company does match Roth contributions. I will then change my contribution to Roth going forward. However, is there any benefits converting the past contributions to ROTH or leave them? So far, this is what I'm planning to do: Rebalance 401K to s&p 500 index fund (low cost, bette...
by Carl53
Sat Oct 25, 2014 5:59 am
 
Forum: Investing - Help with Personal Investments
Topic: Turning 25 with 69k in savings.
Replies: 18
Views: 2998

Re: Turning 25 with 69k in savings.

The 5% discount on the ESP is not worth it to play, IMHO. Is the company match in your 401k made with company stock? If so, are you allowed to exchange it for other investments? I do not have a problem with a minor fraction of your 401k being in company stock, but should it become more than 10%, you...
by Carl53
Thu Oct 23, 2014 7:07 am
 
Forum: Investing - Help with Personal Investments
Topic: Turning 25 with 69k in savings.
Replies: 18
Views: 2998

Re: Refinancing Advice - is cash out refinance good or bad

Hi, I posted some info in the Investments Thread "Help Change Direction - Invest or Fix Personal Finance" and I got some great feedback. I would like to think about refinancing to a 20 year fixed with a possibility of getting cash out to pay off debt. What advice do you have on this? Good...
by Carl53
Thu Oct 23, 2014 6:41 am
 
Forum: Personal Finance (Not Investing)
Topic: Refinancing Advice - is cash out refinance good or bad
Replies: 11
Views: 1172

Re: Cleaning Up Acorns

Has anyone had any experience with one of these? Or know someone who has? They want $50 plus $12 for shipping but if it works as well as shown in clip might be worth it. No raking, no bending, no lifting, sounds good from here..... http://www.nutwizard.com/index.html The gardening guy on the radio ...
by Carl53
Sun Oct 12, 2014 8:19 am
 
Forum: Personal Consumer Issues
Topic: Cleaning Up Acorns
Replies: 37
Views: 2247

Re: $400 reward to open Chase accounts

$450 now? I got so busy I didn't return to Chase branch to take advantage of the offers for the two 200.00 ones (still have those little tickets!). So now that I have inadvertently waited.... I can get $450.00? I'll have to try to make time for that, as long as I am not concerned over account safet...
by Carl53
Fri Oct 10, 2014 5:41 am
 
Forum: Personal Finance (Not Investing)
Topic: $400 reward to open Chase accounts
Replies: 35
Views: 8284

Re: $400 reward to open Chase accounts

I've gotten the checking account offer in the past but never used it as I didn't want to move around my direct deposits. Received a savings account $200 offer about a month ago. Waited until early this month, so as to defer the $200 interest being posted until after the 1st of the year. On 15k, assu...
by Carl53
Fri Oct 10, 2014 5:40 am
 
Forum: Personal Finance (Not Investing)
Topic: $400 reward to open Chase accounts
Replies: 35
Views: 8284

Re: 1.99% Unsecured "AnythingLoan" READ UPDATE 9-10-14

I had forwarded this thread to my son. He applied to consolidate his CC loans. 'Lightstream' contacted him and clarified a few things. They asked about whether he had a car loan. He told them he did but that it was already a very low rate and he was not interested in refinancing it through them. He ...
by Carl53
Thu Oct 09, 2014 4:12 pm
 
Forum: Personal Finance (Not Investing)
Topic: 1.99% Unsecured "AnythingLoan" READ UPDATE 9-10-14
Replies: 56
Views: 8477

Re: Vanguard Brokerage Account for TIPS purchase?

** Carl53: Competitive & non-competitive bidders get the same price at a Treasury auction. For example at the last TIPS auction some competitive bids were as low as 0.460% (see 9/18/2014 auction results PDF file ). But everyone who bid 0.610% or less, plus the non-competitive bidders, received ...
by Carl53
Tue Oct 07, 2014 4:27 pm
 
Forum: Investing - Help with Personal Investments
Topic: Vanguard Brokerage Account for TIPS purchase?
Replies: 6
Views: 613

Re: Vanguard Brokerage Account for TIPS purchase?

My wife and I are thinking about opening Vanguard brokerage accounts. Our initial plan is to sell some of the mutual funds in our existing Vanguard Roth and Traditional IRA's to purchase TIPS - But want to make sure we understand the ramifications. Please comment/clarify the following assumptions/q...
by Carl53
Mon Oct 06, 2014 5:57 pm
 
Forum: Investing - Help with Personal Investments
Topic: Vanguard Brokerage Account for TIPS purchase?
Replies: 6
Views: 613

Re: Paying off a 6.5% mortgage

We claim standard deduction so we can't even take advantage of the mortgage tax deduction. I am a bit perplexed as to why you use the standard deduction on your taxes. Your current balance of $193000 at 6.5% interest incurs about $12500 in interest annually. Assuming that you are filing married joi...
by Carl53
Mon Oct 06, 2014 8:37 am
 
Forum: Personal Finance (Not Investing)
Topic: Paying off a 6.5% mortgage
Replies: 46
Views: 3576

Re: Paying off a 6.5% mortgage

You cannot do bunching in arrears, but as Jeff noted you might benefit from doing it in future years but only if you do not pay off the mortgage. The more deductible interest you have, the greater the benefit of bunching. However, real estate taxes, state & local income taxes and donations may ...
by Carl53
Sun Oct 05, 2014 12:57 pm
 
Forum: Personal Finance (Not Investing)
Topic: Paying off a 6.5% mortgage
Replies: 46
Views: 3576

Re: Paying off a 6.5% mortgage

We claim standard deduction so we can't even take advantage of the mortgage tax deduction. Have you looked at bunching your deductions, to the extent that you can, into alternate years? This may allow you to itemize every other year, and get some significant tax savings. If your mortgage payment is...
by Carl53
Sun Oct 05, 2014 6:16 am
 
Forum: Personal Finance (Not Investing)
Topic: Paying off a 6.5% mortgage
Replies: 46
Views: 3576

Re: Is my husband a spendthrift? Or I a tightwad?

P.S. If it matters: new house is 5 min away from current house. Nanny can't come with because she doesn't drive and there is no public transport to new house. Sounds as if the new house is but a couple of miles away. Perhaps you could pick up the nanny or your parents could do so when necessary or ...
by Carl53
Fri Oct 03, 2014 5:27 pm
 
Forum: Personal Finance (Not Investing)
Topic: Is my husband a spendthrift? Or I a tightwad?
Replies: 198
Views: 15852

Re: PenFed Visa Foreign Transaction Fee

OP here. Just got back from Chile. No FT fee on purchases. I often received a conversion rate that exceeded the average of the daily high and lows posted on http://www.investing.com/currencies/usd-clp-historical-data for the day that the charge was posted. Regarding ATM use, I was a little dismayed ...
by Carl53
Mon Sep 29, 2014 6:29 pm
 
Forum: Personal Finance (Not Investing)
Topic: PenFed Visa Foreign Transaction Fee
Replies: 7
Views: 773

Re: Working & Collecting SS Benefits

Depending on her other income some of her SS income will be taxed. That said she should not wait beyond 70 as my understanding is that it would be lost and the deferred retirement credits will no longer accrue.
by Carl53
Mon Sep 29, 2014 5:35 am
 
Forum: Personal Finance (Not Investing)
Topic: Working & Collecting SS Benefits
Replies: 6
Views: 659

Re: Refrigerator problem

Have you cleaned the dust off the coils recently?
by Carl53
Thu Sep 11, 2014 7:46 pm
 
Forum: Personal Consumer Issues
Topic: Refrigerator problem
Replies: 20
Views: 1728

Re: College-bound teens and finances

I had my first passbook savings account when I was 12. I went on the family checking account when I was 14. My Best example of the importance of knowledge. IN 1968 The local bank at college had a sweetheart deal with some regents who got fees for serving as directors. They kept the universities mon...
by Carl53
Thu Sep 11, 2014 6:42 am
 
Forum: Personal Finance (Not Investing)
Topic: College-bound teens and finances
Replies: 35
Views: 2536

Re: Giftcards

I have a similar problem. I receive a LOT of Visa Prepaid cards from various sources. They are a real PITA as they are generally for small amounts and MUST be used online. While that sounds like a good thing, a $21 card is hard to use. If you are a regular Amazon customer, you can buy an amazon gif...
by Carl53
Tue Sep 09, 2014 8:38 pm
 
Forum: Personal Consumer Issues
Topic: Giftcards
Replies: 14
Views: 1218

Re: Vanguard Healthcare Fund [Portfolio help]

Once upon a time, back in the 80s and early 90s, VG health fund was my retirement fund and it did very well. Now, I still hold some, less than 10% of my retirement holdings, mostly because I would hate to miss out on it doing well if it did well. This year it is doing pretty well again, but I'm not ...
by Carl53
Fri Sep 05, 2014 5:49 pm
 
Forum: Investing - Help with Personal Investments
Topic: Vanguard Healthcare Fund [Portfolio help]
Replies: 12
Views: 992

Re: Long Layover in Miami - Recommendations

Carl: If you are in Miami on a Saturday morning, you and your friends might join me here: Castle Harbor Race Clinic Best wishes. Taylor Thank would be quite exciting, however we will be there on a Friday. I'll admit that I'm often nervous about making sure I have enough time for connections as I se...
by Carl53
Sat Aug 30, 2014 5:12 pm
 
Forum: Personal Consumer Issues
Topic: Long Layover in Miami - Recommendations
Replies: 12
Views: 912

Long Layover in Miami - Recommendations

We'll have a long layover, about 9 hours, at Miami International, on our trip to Chile. I've looked online with nothing particularly jumping out as a must do, but thought I'd inquire of the BHs for recommendations to enjoy the stop rather than just endure it. FYI, 3 adults, and the layover is from r...
by Carl53
Sat Aug 30, 2014 4:14 pm
 
Forum: Personal Consumer Issues
Topic: Long Layover in Miami - Recommendations
Replies: 12
Views: 912

Re: POLL: Age for Collecting Social Security Benefits

ralph124cf wrote:I'm wondering about the rationale of the 1 person who said he waited until after age 70.

Ralph


+1
There are 11 that have responded that they will wait or have waited until after 70. Just curious as to the circumstances.
by Carl53
Mon Aug 25, 2014 5:39 am
 
Forum: Personal Finance (Not Investing)
Topic: POLL: Age for Collecting Social Security Benefits
Replies: 103
Views: 7838

Re: What to consider while purchasing an existing business?

Small business non-compete agreements aren't necessarily worth anything. My spouse and a friend opened a fitness club years ago. They had a booming business for a year or so. Then one of the employees that had signed a non-compete agreement had his mother open a facility that he just happened to att...
by Carl53
Fri Aug 22, 2014 5:22 am
 
Forum: Personal Finance (Not Investing)
Topic: What to consider while purchasing an existing business?
Replies: 50
Views: 4124

Re: just out of the gate, thanks for your help

In your tax bracket, I would max out both 403(b)s before considering Roth IRAs. Maybe even your 403(b) contributions can drop you into a lower tax bracket? You should fund the HSA before the Roths, too. You will have health care expenses and the HSA is the most desirable way to pay for those when o...
by Carl53
Fri Aug 22, 2014 5:11 am
 
Forum: Investing - Help with Personal Investments
Topic: just out of the gate, thanks for your help
Replies: 11
Views: 1155

Re: Kitces - Think Twice about those Conversions

Kitces rational against Roth conversions include thoughts about future potential changes to the tax code, which he points out are not likely in any near time legislative action. Potential means of increasing income taxes are listed as follows. 1. Expand the tax base by taxing more types of income/ta...
by Carl53
Thu Aug 21, 2014 5:32 am
 
Forum: Investing - Theory, News & General
Topic: Kitces - Think Twice about those Conversions
Replies: 15
Views: 3045

Re: Reducing time spent paying bills

I have most of my bills on autopay to a 2% reward CC. That said, I often have time to prepay with discounted gift cards I buy at the local grocery and make an extra 4+% on. If I do this then the autopay is not executed by the vendor with the exception of one for which I turned off autopay. Often I h...
by Carl53
Thu Aug 21, 2014 5:02 am
 
Forum: Personal Consumer Issues
Topic: Reducing time spent paying bills
Replies: 25
Views: 1767

Re: Way to maximize Retirement Savings Contribution Credit

So basically my best bet is to wait until tax time to find out the exact figure of what will maximize her tax credit. Then we can go from there. Sounds like a good plan. If you search this forum for other threads on the topic, you'll see that sometimes there are other options that let you maximize ...
by Carl53
Wed Aug 20, 2014 5:48 pm
 
Forum: Investing - Help with Personal Investments
Topic: Way to maximize Retirement Savings Contribution Credit
Replies: 11
Views: 623

Re: Way to maximize Retirement Savings Contribution Credit

I believe that the Retirement Savers Credit is non-refundable. If you do not otherwise owe taxes, you do not get money back. From an earlier thread: http://www.bogleheads.org/forum/posting.php?mode=quote&f=1&p=2027258 The $1000 potential credit is a bit of a come on. Keeping your income bel...
by Carl53
Wed Aug 20, 2014 5:31 pm
 
Forum: Investing - Help with Personal Investments
Topic: Way to maximize Retirement Savings Contribution Credit
Replies: 11
Views: 623

Re: Way to maximize Retirement Savings Contribution Credit

I believe that the Retirement Savers Credit is non-refundable. If you do not otherwise owe taxes, you do not get money back. From an earlier thread: http://www.bogleheads.org/forum/posting.php?mode=quote&f=1&p=2027258 The $1000 potential credit is a bit of a come on. Keeping your income belo...
by Carl53
Wed Aug 20, 2014 4:39 pm
 
Forum: Investing - Help with Personal Investments
Topic: Way to maximize Retirement Savings Contribution Credit
Replies: 11
Views: 623

Re: Retirement Planning

Take a look at the link for a model by BigFoot that has had a number of positive comments in the following thread. The link is in one of the later posts in the thread. http://www.bogleheads.org/forum/viewtopic.php?f=1&t=97352&p=2110284 Personally, unless you really want to retire at the date...
by Carl53
Wed Aug 20, 2014 3:48 pm
 
Forum: Investing - Help with Personal Investments
Topic: Retirement Planning, Conversions, SS, RMDs
Replies: 4
Views: 545

Re: Best strategy with 401K

Thanks Chan for the reply. My income is in the 28% tax bracket so I will likely not qualify for the IRA. The ER are around 0.46% in my plan vs 0.18% for Vanguard. Could you clarify why you recommend a Roth IRA? Thanks! 28% tax bracket will disqualify you for a deductible Traditional IRA, however yo...
by Carl53
Wed Aug 20, 2014 5:01 am
 
Forum: Investing - Help with Personal Investments
Topic: Best strategy with 401K
Replies: 7
Views: 614

Re: Wash D.C. speed camera - how accurate?

Admitting to a speed in excess of the posted speed may guarantee a ticket. Years ago, my son was ticketed for speeding. He was perturbed as another car was passing him at that time. The policeman, even wrote the description of the passing car rather than his on the ticket. According to the judge he ...
by Carl53
Tue Aug 19, 2014 5:22 pm
 
Forum: Personal Consumer Issues
Topic: Wash D.C. speed camera - how accurate?
Replies: 40
Views: 2510

Re: Roth Conversion - Old Age

OP, did your father start taking SS in the past year? If so,there may be an option to paying SS receipts back, and delaying SS for a couple of years. Not only would it get bigger, but then the conversions would not incur taxation on SS too. Right now they probably only have a little SS taxed, but wh...
by Carl53
Tue Aug 19, 2014 4:56 pm
 
Forum: Investing - Help with Personal Investments
Topic: Roth Conversion - Old Age
Replies: 31
Views: 1208

Re: Made a $50k bet on Healthcare

I've had some VG health care since 1986. Made four equal Roth conversions this year including some VG health care. Only plan to keep one. Thus far it is in 2nd place to VEMAX. BTW, it was late January before the conversions were made, otherwise health care might have been the leader.
by Carl53
Mon Aug 18, 2014 5:06 pm
 
Forum: Investing - Help with Personal Investments
Topic: Made a $50k bet on Healthcare
Replies: 55
Views: 9447

Re: Help-Do I need a chip/pin card in europe?

I sent an inquiry to PenFed about how to force the card to go Chip/Pin vs Chip/Signature. I included much of 64415's reply in the note to them. Their response follows: Thank you for contacting Pentagon Federal Credit Union. Our Credit Card department has advised that per Visa recommendation, PenFed ...
by Carl53
Sat Aug 16, 2014 5:00 am
 
Forum: Personal Finance (Not Investing)
Topic: Help-Do I need a chip/pin card in europe?
Replies: 22
Views: 1814
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