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Re: Social Security Taxes?

Cut-Throat wrote:
Toons wrote:Hey the way I view it,I'm thankful I am earning the income that puts me in a position to have 85% of my Social Security earnings taxed. :sharebeer


+1

+2
by exoilman
Sun Jul 20, 2014 2:12 pm
 
Forum: Personal Finance (Not Investing)
Topic: Social Security Taxes?
Replies: 26
Views: 2302

Re: [Poll] Are you more risk averse than average?

cheese_breath wrote:Can you define an average investor? At age 73 I'm probably more risk averse that a 23 year old, but maybe not as much as a 83 year old.


+1
by exoilman
Mon Jul 14, 2014 12:11 pm
 
Forum: Investing - Theory, News & General
Topic: [Poll] Are you more risk averse than average?
Replies: 36
Views: 2749

Re: RMD early

Thanks :thumbsup :thumbsup
by exoilman
Fri Jul 11, 2014 5:16 pm
 
Forum: Personal Finance (Not Investing)
Topic: RMD early
Replies: 4
Views: 948

RMD early

I am taking my first RMD this year. I don't want to have the tax bite taken with the withdrawal. Can I send an est. tax check later in this year?

Thanks
Sam
by exoilman
Thu Jul 10, 2014 3:55 pm
 
Forum: Personal Finance (Not Investing)
Topic: RMD early
Replies: 4
Views: 948

Large Inheritance

A family friend lost her aunt. She is the sole beneficiary of a 12M brokerage acct. and she wants to know what an accountant and lawyer should be charging (fee or percentage)? Her aunts will has her as executor and basically some small amounts to a few friends some of whom are deceased. Any guidance...
by exoilman
Fri Jun 13, 2014 1:55 pm
 
Forum: Personal Finance (Not Investing)
Topic: Large Inheritance
Replies: 8
Views: 1556

Re: Who are the BogleHeads.org heavyweights?

Riprap wrote:I tend to pay particular attention to dbr and bsteiner.


+1
by exoilman
Sun Jun 01, 2014 9:36 am
 
Forum: Forum Issues and Administration
Topic: Who are the Bogleheads.org heavyweights?
Replies: 127
Views: 9146

Re: Who are the BogleHeads.org heavyweights?

I am reluctant to call out one person among the many who are great contributors, but one member who has offered very useful information on some topics of specific interest to me is bsteiner . Even though I have been a member here for 3 years, I am still amazed by this community and the generosity o...
by exoilman
Sat May 31, 2014 8:48 am
 
Forum: Forum Issues and Administration
Topic: Who are the Bogleheads.org heavyweights?
Replies: 127
Views: 9146

Re: TV show recommendations?

jginseattle wrote:I'm enjoying Fargo.


+1
by exoilman
Sat May 24, 2014 7:11 pm
 
Forum: Personal Consumer Issues
Topic: TV show recommendations?
Replies: 304
Views: 120289

Re: new furnace and central air

HardKnocker wrote:All the major brands are basically the same.

Get a bunch of quotes from installers and see what they recommend and you'll learn a few things along the way.


that was part of my plan, thanks
by exoilman
Fri May 23, 2014 8:37 am
 
Forum: Personal Consumer Issues
Topic: new furnace and central air
Replies: 14
Views: 1177

new furnace and central air

I would appreciate any help here. I am having an estimate for Lennox equipment but would like opinions on other brands as well. Costco is offering a $1500 bonus card so I figured a good place to start. My home is gas forced air.

thanks
Sam
by exoilman
Thu May 22, 2014 12:57 pm
 
Forum: Personal Consumer Issues
Topic: new furnace and central air
Replies: 14
Views: 1177

Re: Social Security at 62? Let’s Run the Numbers

I don't spend any time thinking about what I could have had if I had waited to take Social Security at a later age. I do know that I have received about 20k in payments since I turned 62 and have enjoyed spending every penny of it...No regrets whatsoever,the plan is working :happy ditto :mrgreen: t...
by exoilman
Sat May 17, 2014 9:58 pm
 
Forum: Investing - Theory, News & General
Topic: Social Security at 62? Let’s Run the Numbers
Replies: 101
Views: 7546

Re: Happy Birthday John C. Bogle !

Happy Birthday Mr. Bogle

Sam
by exoilman
Mon May 12, 2014 3:38 pm
 
Forum: Local Chapters and Bogleheads Community
Topic: Happy Birthday John C. Bogle !
Replies: 37
Views: 1907

Re: need router advice

kermit wrote:AirPort Extreme is the best router I've ever owned; also the most expensive. But it never needs a reboot and has excellent range.


+1 one at home and one at beach condo.

Sam
by exoilman
Sun May 11, 2014 12:35 pm
 
Forum: Personal Consumer Issues
Topic: need router advice
Replies: 56
Views: 3741

Re: Mom and Pop Step Up Their Trading

yea, I read that in today's WSJ too. It's really sad to read about the one person who wants to trade full time. Been there; done that; made money; lost money; lost sleep; worried a lot; traded pre-market, trading date; after hours; made my tax returns a real PIA (excuse the caps!). Maybe I'll just ...
by exoilman
Thu Apr 24, 2014 3:44 pm
 
Forum: Investing - Theory, News & General
Topic: Mom and Pop Step Up Their Trading
Replies: 18
Views: 2258

Re: Mom and Pop Step Up Their Trading

linenfort wrote:
Grt2bOutdoors wrote:My mailman hates me.....I actually have some very long term holdings in individual equities, each year around this time, my mailbox gets stuffed with the annual reports/proxies.

Signing up for electronic delivery of those was one of my best decluttering steps ever.


:thumbsup
by exoilman
Thu Apr 24, 2014 3:38 pm
 
Forum: Investing - Theory, News & General
Topic: Mom and Pop Step Up Their Trading
Replies: 18
Views: 2258

Re: Mom and Pop Step Up Their Trading

Also lots of TV ads are enticing. This one in particular (Fidelity) shows a man watching three screens with all the colors and trend lines. The background music is thumping and all of a sudden he does a fist thump because he got his trade I guess.

Sam
by exoilman
Thu Apr 24, 2014 2:48 pm
 
Forum: Investing - Theory, News & General
Topic: Mom and Pop Step Up Their Trading
Replies: 18
Views: 2258

Re: Expensive hobbies and possessions? (B/c you can...)

Nice home + ocean view condo at the Jersey shore. Annual 2 week trip to the Caribbean in January. Quality food at home and dining out routinely.

Sam
by exoilman
Tue Apr 01, 2014 10:18 am
 
Forum: Personal Consumer Issues
Topic: Expensive hobbies and possessions? (B/c you can...)
Replies: 126
Views: 14161

Re: Is The US Stock Market Rigged? ~ 60 Minutes March 30, 20

I saw the 60 Minutes show. A good reason to use index funds and avoid market timing. The rapid traders were front running and skimming a little bit off of every trade made. Even if you held only index funds, you were still impacted, although the low turnover of index funds would lead to fewer trans...
by exoilman
Mon Mar 31, 2014 2:48 pm
 
Forum: Investing - Theory, News & General
Topic: 60 Minutes 3-30-14: Michael Lewis book "Flash Boys"
Replies: 70
Views: 3718

Re: Poll: When did you retire? Would you do it all over agai

Retired 11 years ago age 58. Since then, 4 grandchildren and lots of time at the Jersey shore, travel etc. Yes to doing it all over again.

Sam
by exoilman
Mon Mar 24, 2014 4:04 pm
 
Forum: Investing - Theory, News & General
Topic: Poll: When did you retire? Would you do it all over again ?
Replies: 103
Views: 11625

Re: Does This Person Need Umbrella Ins Coverage?

Is the $1m in taxable account only? I might be wrong but retirement accounts (401k, IRA's, etc.) are protected if you're sued. Please correct me if I' wrong or if it depends on the state people reside in. Qualified plans are protected everywhere but IRAs depend on state. Google "IRA lawsuit pr...
by exoilman
Sun Mar 23, 2014 3:16 pm
 
Forum: Personal Finance (Not Investing)
Topic: Does This Person Need Umbrella Ins Coverage?
Replies: 64
Views: 4987

Re: Viking River Cruises

reference
by exoilman
Thu Mar 20, 2014 11:26 am
 
Forum: Personal Consumer Issues
Topic: Viking River Cruises
Replies: 26
Views: 3326

Re: Buying condo outright

Somewhat related....do you like the TV show Portlandia? 8-) 8-)

Sam
by exoilman
Thu Mar 06, 2014 8:52 pm
 
Forum: Personal Finance (Not Investing)
Topic: Buying condo outright
Replies: 27
Views: 1845

Re: Savers remorse ?

greg24 wrote:
letsgobobby wrote:
greg24 wrote:As I've aged, I've learned not to sweat the small stuff. But I still could loosen up a bit.

Is it aging, or is it having more money?


For me, its a combination of the two.


+1
by exoilman
Thu Mar 06, 2014 8:44 pm
 
Forum: Personal Finance (Not Investing)
Topic: Savers remorse ?
Replies: 91
Views: 12237

Re: Meeting with Fidelity

You can save a lot of money by just following the Boglehead passive investing approach. Of course active management is very valuable... but for the providers, not the clients. Note: I have accounts at Fidelity and am pleased overall with their customer service. But I don't take any advice from them...
by exoilman
Fri Feb 28, 2014 4:35 pm
 
Forum: Personal Finance (Not Investing)
Topic: Meeting with Fidelity [Financial Advisor]
Replies: 42
Views: 5460

Re: Walton 4 Land Investment

Buy a REIT Index fund or if you wish purchase a REIT like WY which holds productive land (timber) in the millions of acres and pays you a dividend. I get antsy when I hear forward looking statements like "Walton purchases land in areas in the path of growth and holds it for future development&...
by exoilman
Thu Feb 27, 2014 5:55 pm
 
Forum: Investing - Help with Personal Investments
Topic: Walton 4 Land Investment
Replies: 9
Views: 1319

Walton 4 Land Investment

Any BH's have any experience with this type of investment? From the person speaking with me, "A few points about Walton: Walton has been in the land business since 1979, now managing over $3 Billion in assets on behalf of 80,000 investors worldwide and have become the largest land planning firm...
by exoilman
Wed Feb 26, 2014 2:20 pm
 
Forum: Investing - Help with Personal Investments
Topic: Walton 4 Land Investment
Replies: 9
Views: 1319

Re: Bogleheads and Fast Food

jsl11 wrote:Costco food court. The food is pretty good, the portions are huge, and the prices are low.
Jeff


Just had their new addition. Barbecued brisket enjoyed it.

Subway no meats.
McD, Wendy's couple times a year

Sam
by exoilman
Tue Feb 11, 2014 9:48 am
 
Forum: Personal Consumer Issues
Topic: Bogleheads and Fast Food
Replies: 77
Views: 4853

Re: 709 Gift Tax Form Concern?

The form 709 is not required if you are gifting to each recipient 14K each or 28K per person from the two of you. It is only required if your gift(s) total more than 28K to an individual. Any amount greater than that will require the 709. Then that will be debited from the 5.2M estate. I am not an a...
by exoilman
Thu Feb 06, 2014 4:27 pm
 
Forum: Investing - Help with Personal Investments
Topic: 709 Gift Tax Form Concern?
Replies: 12
Views: 741

Re: Retirement account withdrawals and fund expenses

FWIW we have been very fortunate and withdraw only what we actually need/want each year. For 2012 it was 1.4% (low tax expense) and for 2013 was 2.6% (bought a car). We estimate about a 1.7% rate for this year, based on 1/1/14 investment balance. I suspect that there may be many who do not need to ...
by exoilman
Sun Feb 02, 2014 3:19 pm
 
Forum: Investing - Theory, News & General
Topic: Retirement account withdrawals and fund expenses
Replies: 10
Views: 461

Re: IRA Required minimum distribution question

sscritic wrote:The typo was all mine, but shows that decimals are harder to get right than fractions. :)

To quote another poster
I suppose I might be off by a penny or two

or 365. Sort of like how a day or two is really a year.


:sharebeer
by exoilman
Sat Jan 04, 2014 10:15 pm
 
Forum: Personal Finance (Not Investing)
Topic: IRA Required minimum distribution question
Replies: 25
Views: 1435

Re: IRA Required minimum distribution question

But 1/27.4 is not 3.65%, it is .03649635 or so. Try it on a $1,000,000 1000000 / 27.4 = $36,496.35 1000000 x 0.365 = $36,500.00 The difference is not pennies. I wonder what the instructions say to do? I would do what the instructions say to do and leave it at that. Figure your required minimum dist...
by exoilman
Sat Jan 04, 2014 8:42 pm
 
Forum: Personal Finance (Not Investing)
Topic: IRA Required minimum distribution question
Replies: 25
Views: 1435

Re: IRA Required minimum distribution question

1/27.4 or 3.65% for first year and if you have more than 1 account add them before your calculate. Also you can take that amount from one account if desired.

Sam
by exoilman
Sat Jan 04, 2014 3:16 pm
 
Forum: Personal Finance (Not Investing)
Topic: IRA Required minimum distribution question
Replies: 25
Views: 1435

Re: I think low cost of living trumps retiring in a no state

sscritic wrote:I think living close to children and grandchildren trumps taxes and cost of living. I chose family first, wealth second (but that's because I already have mine :) ).



:thumbsup Our family is the real wealth
by exoilman
Thu Dec 26, 2013 1:37 pm
 
Forum: Personal Finance (Not Investing)
Topic: I think low cost of living trumps retiring in a no state in
Replies: 80
Views: 5360

Re: Thinking about chucking it all and going Wellington

My wife's ROTH (age 64) is 100% TSM and mine (age 70 )is 50% Wellington and 50% Wellesley. I want to consolidate into 1 or 2 funds. Target retirement or balanced or some other recommendations? We likely will not need this money so don't want it do be part of overall IP. thanks Sam What you really m...
by exoilman
Sun Dec 22, 2013 6:40 pm
 
Forum: Investing - Help with Personal Investments
Topic: Thinking about chucking it all and going Wellington
Replies: 72
Views: 7694

Re: Thinking about chucking it all and going Wellington

My wife's ROTH (age 64) is 100% TSM and mine (age 70 )is 50% Wellington and 50% Wellesley. I want to consolidate into 1 or 2 funds. Target retirement or balanced
or some other recommendations? We likely will not need this money so don't want it do be part of overall IP.

thanks
Sam
by exoilman
Sun Dec 22, 2013 12:51 pm
 
Forum: Investing - Help with Personal Investments
Topic: Thinking about chucking it all and going Wellington
Replies: 72
Views: 7694

Re: Where in New Jersey to buy home with NYC commute, childr

arsenalfan wrote:Montclair NJ. Mix of blue and white collar. Stephen Colbert's home. Great commercial and residential mix.


+1
by exoilman
Sat Dec 21, 2013 9:57 am
 
Forum: Personal Consumer Issues
Topic: Where in New Jersey to buy home with NYC commute, children?
Replies: 66
Views: 4151

Re: Dessert anyone?

placeholder wrote:Pecan pie.


And the best fruitcake from Collin Street Bakery

https://www.collinstreet.com/?t=s_go_kw ... OgodnEUAaQ

Happy Holidays
Sam
by exoilman
Tue Dec 17, 2013 7:57 pm
 
Forum: Personal Consumer Issues
Topic: Dessert anyone?
Replies: 34
Views: 2622

Re: Any bogleheads work "for the dark side"?

If so, how do you cope with having your earnings come from the very decisions we choose to personally not make (variable, whole life, high-fee products, etc)? Do you really need money that badly? In my experience, the best salesmen really believe in their product. Find something you believe in to s...
by exoilman
Sat Dec 14, 2013 11:34 am
 
Forum: Personal Finance (Not Investing)
Topic: Any bogleheads work "for the dark side"?
Replies: 36
Views: 4129

Term Life Insurance

Recommendations? Our children are 39 and 42 and are married, both with children. Any reputable Ins. companies that I can recommend?

thanks in advance
Sam
by exoilman
Thu Dec 12, 2013 11:27 am
 
Forum: Personal Finance (Not Investing)
Topic: Term Life Insurance
Replies: 2
Views: 221

Roth contribution and conversion dates

What is the last day that I can do these? I believe it is Dec.31 for conversion and April 15th for contribution. Is this correct?

thanks in advance
Sam
by exoilman
Wed Dec 04, 2013 1:01 pm
 
Forum: Personal Finance (Not Investing)
Topic: Roth contribution and conversion dates
Replies: 2
Views: 267

Re: Transferring an IRA beneficiary

Thank you to all for the good advice. For now I will leave as is.

Sam
by exoilman
Tue Nov 26, 2013 9:58 am
 
Forum: Personal Finance (Not Investing)
Topic: Transferring an IRA beneficiary
Replies: 4
Views: 353

Transferring an IRA beneficiary

My wife will inherit an IRA from a aging relative at some point. She (we) will not need this money. Can she name our children or preferably grandchildren when the time comes?

thanks
Sam
by exoilman
Mon Nov 25, 2013 12:59 pm
 
Forum: Personal Finance (Not Investing)
Topic: Transferring an IRA beneficiary
Replies: 4
Views: 353

Re: Death Book

I need to do more after reading the posts here. :oops:

thanks
Sam
by exoilman
Thu Nov 14, 2013 8:32 am
 
Forum: Personal Finance (Not Investing)
Topic: Death Book
Replies: 34
Views: 6326

Re: Planning my death

I will just tell you what I have actually been doing. Not a recommendation, seriously not . I don't keep secrets from my wife but her eyes glaze over at "investments." She handles all the monthly checking-account stuff, and is a very sound intuitive planner in terms of budgeting and spend...
by exoilman
Tue Nov 12, 2013 10:53 am
 
Forum: Personal Finance (Not Investing)
Topic: Planning my death
Replies: 41
Views: 3393

Re: A thank-you to veterans

Thank you all who have served and those serving.

With sincere respect,
Sam
by exoilman
Mon Nov 11, 2013 8:20 pm
 
Forum: Local Chapters and Bogleheads Community
Topic: A thank-you to veterans
Replies: 32
Views: 1138

Re: Filing quarterly tax returns when retired

I have enough taken from pension and SS to eliminate the need for quarterly est. tax filing. That amount is also enough to cover dividend income from stocks.

Sam
by exoilman
Tue Nov 05, 2013 11:48 am
 
Forum: Personal Finance (Not Investing)
Topic: Filing quarterly tax returns when retired
Replies: 18
Views: 1059

Re: Poll For Those Who Don't Have a LTC Policy

We are fortunate to self insure.

Sam
by exoilman
Mon Oct 28, 2013 12:27 pm
 
Forum: Personal Finance (Not Investing)
Topic: Poll For Those Who Don't Have a LTC Policy
Replies: 34
Views: 2213

Re: MLP & LP

Thanks, I guess I don't need the headache.
Sam
by exoilman
Thu Oct 24, 2013 10:57 am
 
Forum: Investing - Help with Personal Investments
Topic: MLP & LP
Replies: 5
Views: 318
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