Search found 1144 matches

by Carl53
Tue Feb 09, 2016 2:29 pm
Forum: Personal Consumer Issues
Topic: White Kitchen Cabinets?
Replies: 44
Views: 3140

Re: White Kitchen Cabinets?

We painted the cabinets white, got rid of the wallpaper and painted the walls too two years ago. The kitchen is much brighter. Still looks good.
by Carl53
Sun Feb 07, 2016 7:55 am
Forum: Personal Finance (Not Investing)
Topic: (Another) Roth Conversion Question
Replies: 15
Views: 927

Re: (Another) Roth Conversion Question

John
My apologies for kind of mixing up the situations of yours and that of the original poster.
by Carl53
Sun Feb 07, 2016 5:07 am
Forum: Personal Finance (Not Investing)
Topic: (Another) Roth Conversion Question
Replies: 15
Views: 927

Re: (Another) Roth Conversion Question

JGG, The tax code is so complicated with so many discontinuities that is a real struggle to understand your incremental. See this discussion I started after I used my tax software and found out that the 25% and 28% brackets had mysteriously vanished https://www.bogleheads.org/forum/viewtopic.php?p=...
by Carl53
Sat Feb 06, 2016 7:45 pm
Forum: Personal Finance (Not Investing)
Topic: Should You Work Longer ?
Replies: 10
Views: 1500

Re: Should Your Work Longer ?

When I retired it was prior to my company freezing the pension plan. However, I postulated that the date of my demise while unknown to me was not likely to change due to my retiring. I also calculated given the stated assumption, my company was no longer needing to contribute to the pension program ...
by Carl53
Sat Feb 06, 2016 7:33 am
Forum: Investing - Help with Personal Investments
Topic: Partial Conversion/Recharacterization of CD Experience?
Replies: 1
Views: 172

Partial Conversion/Recharacterization of CD Experience?

Typically, we have had two to four Roth conversions at Vanguard, using the horse race technique, keeping the winner while recharacterizing the losers. Last year, we had one clear winner, which we kept. Since that time, the market has slipped and it too, is now down. We have a sizeable portion of my ...
by Carl53
Fri Feb 05, 2016 8:42 am
Forum: Investing - Help with Personal Investments
Topic: I Lost My FInancial Brain - Please Help
Replies: 85
Views: 7249

Re: I Lost My FInancial Brain - Please Help

SocSec at 62 will be $20K. I'm don't know much about it but could you take a Social Security Survivors benefit and delay starting your own Social Security until you are older? That might allow you to have a larger benefit and not need to draw down your savings as much if you live to be an older age...
by Carl53
Fri Feb 05, 2016 7:37 am
Forum: Personal Finance (Not Investing)
Topic: Tax rate on IRA withdrawal when on Social Security
Replies: 28
Views: 2076

Re: Tax rate on IRA withdrawal when on Social Security

Doc: Given our pensions, 85% of our SS is taxed. To estimate our taxes, I calculated our AGI and MAGI by summing our sources of income excluding SS and then added 85% of SS income. Next, I calculated our Federal Taxable Income by subtracting our standard deduction and exemptions from MAGI. Then, I ...
by Carl53
Fri Feb 05, 2016 7:30 am
Forum: Personal Finance (Not Investing)
Topic: What growth rate would you use?
Replies: 75
Views: 3587

Re: What growth rate would you use?

I've used 2% real for projections, but for the last six years have a compounded 4.3% real attained. Last year was -1.6%.
by Carl53
Thu Feb 04, 2016 9:48 pm
Forum: Personal Finance (Not Investing)
Topic: Tax rate on IRA withdrawal when on Social Security
Replies: 28
Views: 2076

Re: Tax rate on IRA withdrawal when on Social Security

If you have a year that necessitates taking additional withdrawals, such that all of your SS is taxable, consider taking additional TIRA withdrawals in the head space of the 25% bracket. That is the portion of the 25% bracket between where all of your SS is taxable and the bottom of the 28% bracket...
by Carl53
Thu Feb 04, 2016 6:59 pm
Forum: Personal Finance (Not Investing)
Topic: Retirees: What percentage of your expenses are covered by SS and/or pensions
Replies: 84
Views: 5345

Re: Retirees: What percentage of your expenses are covered by SS and/or pensions

Probably 65%, but we are delaying SS and paying extra taxes to do Roth conversions. The makeup comes from post tax savings.
by Carl53
Thu Feb 04, 2016 6:30 pm
Forum: Personal Finance (Not Investing)
Topic: Tax rate on IRA withdrawal when on Social Security
Replies: 28
Views: 2076

Re: Tax rate on IRA withdrawal when on Social Security

There are numerous threads on this topic on this site. Some actions that might be of value to you: If you retire before 70, consider living off your IRAs for a couple of years before taking SS. This will reduce the RMDs and boost SS. If you have any room in the 15% tax bracket, either now or when yo...
by Carl53
Thu Feb 04, 2016 9:56 am
Forum: Investing - Help with Personal Investments
Topic: Teacher's Retirement
Replies: 12
Views: 1255

Re: Teacher's Retirement

Sounds like a great deal. You do not mention her age. I wonder if she is under 59.5, would the responses about using IRA money still be the same?
by Carl53
Wed Feb 03, 2016 6:55 pm
Forum: Personal Finance (Not Investing)
Topic: Article touting online SS signup over in person
Replies: 3
Views: 515

Article touting online SS signup over in person

https://finance.yahoo.com/news/dont-let ... 00426.html

This article talks about clerical errors and form discrepancies that have cost a number of SS recipients time and money when SS is applied for in person.
by Carl53
Sun Jan 31, 2016 10:17 am
Forum: Investing - Help with Personal Investments
Topic: Newly retired and need help
Replies: 17
Views: 1722

Re: Newly retired and need help

The mortgage deduction has been decreased by 50% this year in Kansas and I may not have enough deductions to itemize. Another consideration for tax planning. You might consider bunching of your itemizable tax deductions to the extent that you can. Charitable contributions and property taxes are two...
by Carl53
Sun Jan 31, 2016 10:03 am
Forum: Personal Consumer Issues
Topic: Replacing timing belt on 2009 Accord(Do it or sell?)
Replies: 66
Views: 3434

Re: Replacing timing belt on 2009 Accord(Do it or sell?)

Apparently you have the V6 since you have a timing belt. At barely 10000 miles per year, you have at least a few more years before needing to change it. I usually get mine done by 115000. I would not do it now or if you are going to sell it with <90000 miles. OTOH the car is barely broken in. My cur...
by Carl53
Sat Jan 30, 2016 5:34 am
Forum: Personal Finance (Not Investing)
Topic: What age did you start maxing out your retirement contributions?
Replies: 65
Views: 4816

Re: What age did you start maxing out your retirement contributions?

Late 20s, when the limit was $2000 per year (think 80's) to an IRA. In later years we did not max out them. Paying off the house, and paying for offspring's college expenses out of cash was a conscious decision. Since I retired the last year of college expenses its worked out great. I have more or ...
by Carl53
Fri Jan 29, 2016 6:40 am
Forum: Personal Finance (Not Investing)
Topic: What age did you start maxing out your retirement contributions?
Replies: 65
Views: 4816

Re: What age did you start maxing out your retirement contributions?

Late 20s, when the limit was $2000 per year (think 80's) to an IRA. In later years we did not max out them. Paying off the house, and paying for offspring's college expenses out of cash was a conscious decision. Since I retired the last year of college expenses its worked out great. I have more or l...
by Carl53
Fri Jan 29, 2016 6:24 am
Forum: Personal Finance (Not Investing)
Topic: Question about the timing of SS filing
Replies: 9
Views: 866

Re: Question about the timing of SS filing

Since your wife was born on the second day of the month she is eligible for reduced early retirement benefits for the month that she turns age 62. Therefore, a person is age 62 throughout an entire month if the 62nd birthday is on the first or second day of that month. The reference is here: https:...
by Carl53
Thu Jan 28, 2016 9:03 am
Forum: Investing - Help with Personal Investments
Topic: Eating money eating out! Going on a 401k diet. Help!
Replies: 27
Views: 2889

Re: Eating money eating out! Going on a 401k diet. Help!

It would help to edit your post to put it in something like this format https://www.bogleheads.org/forum/viewtopic.php?f=1&t=6212 since there is a lot of information that is missing that would help to give your some suggestions. +1 Assuming you are not married, you appear to be in the 25% margi...
by Carl53
Thu Jan 28, 2016 6:38 am
Forum: Investing - Help with Personal Investments
Topic: Vanguard VFINX Roth IRA
Replies: 8
Views: 467

Re: Vanguard VFINX Roth IRA

It depends on her crystal ball. So far she is ahead by waiting but who knows what tomorrow will bring?
by Carl53
Thu Jan 28, 2016 6:33 am
Forum: Personal Finance (Not Investing)
Topic: Question about the timing of SS filing
Replies: 9
Views: 866

Question about the timing of SS filing

Alan S. » Wed Jan 27, 2016 8:04 pm ... If 62 you do not get paid for the month you reach 62. ... But for a spousal benefit at 66, you DO get paid for the month you reach 66. We will reach ages 66 and 62 in the same month, with my wife turning 62 early in the month on the 2nd. What would be the best...
by Carl53
Mon Jan 25, 2016 3:46 pm
Forum: Personal Finance (Not Investing)
Topic: Scaling back on full-time work
Replies: 5
Views: 610

Re: Scaling back on full-time work

If you are employed, you might not be able to max a 401k working part time, depending on your employers program rules. I would suggest working several more years or boost your savings. If you are looking at both working until 55, You are likely golden. I kind of wonder why you still have debt with t...
by Carl53
Sat Jan 23, 2016 5:50 pm
Forum: Personal Finance (Not Investing)
Topic: penalties for early closing of CDs
Replies: 12
Views: 814

Re: penalties for early closing of CDs

Not every financial institution offers penalty free withdrawals for RMDs. As an example, PenFed used to have such an exception, but no longer. Ally bank currently offers such an exception, but they only waive the EWP up to the RMD amount on their CD. Check PenFeds IRA Application Booklet. https://w...
by Carl53
Thu Jan 21, 2016 8:21 am
Forum: Personal Consumer Issues
Topic: Geothermal Heat Pumps
Replies: 18
Views: 1670

Re: Geothermal Heat Pumps

We bought a home with a "Cadillac" geothermal system in 1989. I loved that system. It heated the house with warmer heat than a typical air heat pump, the backup heat only came on after it had been below -10F for a day, heated all of our hot water and could heat the in ground pool. Eventual...
by Carl53
Sat Jan 16, 2016 9:53 pm
Forum: Personal Consumer Issues
Topic: What Movie Have You Recently Watched?
Replies: 1438
Views: 275686

Re: What Movie Have You Recently Watched?

13 Hours tonight.

Joy and several others on a flight from Australia.
by Carl53
Tue Jan 12, 2016 8:18 pm
Forum: Personal Finance (Not Investing)
Topic: TurboTax 2015 Premier vs. Deluxe
Replies: 8
Views: 1538

Re: TurboTax 2015 Premier vs. Deluxe

Will the Deluxe handle importing VG mutual fund transactions? If not will it handle manual input via interview process?
by Carl53
Tue Jan 12, 2016 1:43 pm
Forum: Personal Finance (Not Investing)
Topic: IRA Private Letter Ruling Fee Increase
Replies: 4
Views: 464

IRA Private Letter Ruling Fee Increase

A bump up to $10000 for all PLRs effective Feb 1 is discussed in the attached Ed Slott link. I've never needed one of these and certainly do not want to ever need one.

https://www.irahelp.com/slottreport/mor ... -increases
by Carl53
Mon Jan 04, 2016 12:40 am
Forum: Investing - Help with Personal Investments
Topic: Finally a CO match, but they went and changed the Plan!
Replies: 10
Views: 1044

Re: Finally a CO match, but they went and changed the Plan!

I looked back at the top page of posts and did not find your other post. I suggest you add a link. If your company is 100% matching contributions up to 6%, then go for it. Even if their match is lower it is likely to make your first year return great. If the match is very poor and the fees high, che...
by Carl53
Sat Jan 02, 2016 4:28 pm
Forum: Personal Finance (Not Investing)
Topic: New HR Block Tax software user initial feedback report
Replies: 11
Views: 1077

Re: New HR Block Tax software user initial feedback report

Does it allow multiple returns to be performed for both fed and state and local school?
by Carl53
Mon Dec 28, 2015 4:42 pm
Forum: Personal Finance (Not Investing)
Topic: Options for Social Security claiming
Replies: 8
Views: 993

Re: Options for Social Security claiming

Option 4: Wife files now for her own benefits, permanently reduced from FRA by about 16%. Husband files restricted application as spouse now for 50% of her FRA benefits. At 70, husband files for his benefit and wife files as spouse (somewhat reduced due to age 64 filing). This is the option we will ...
by Carl53
Fri Dec 25, 2015 1:24 am
Forum: Investing - Help with Personal Investments
Topic: Planning for a low-income year
Replies: 4
Views: 1013

Re: Planning for a low-income year

You may have some capital gains that could be claimed and taxed at zero if you remain in the 15% bracket.
by Carl53
Thu Dec 24, 2015 2:31 pm
Forum: Investing - Help with Personal Investments
Topic: Vanguard Personal Performance?
Replies: 45
Views: 4022

Re: Vanguard Personal Performance?

My numbers are messed up as I've deleted a few old zeroed out holdings over the years. According to my rep that also happens when you convert your accounts to the new brokerage format as any old zeroed out holdings will not transfer and then their former gains, purchases and sales as well as losses ...
by Carl53
Fri Dec 18, 2015 4:07 pm
Forum: Personal Consumer Issues
Topic: Flaunt Your High-Mileage Car
Replies: 179
Views: 11015

Re: Flaunt Your High-Mileage Car

96 Accord 375k
08 Acura TL 120k
by Carl53
Wed Dec 16, 2015 3:21 am
Forum: Investing - Help with Personal Investments
Topic: Should I recharacterize with a 4% loss?
Replies: 6
Views: 565

Re: Should I recharacterize with a 4% loss?

I am converting from IRA to ROTH each year to sop up our lower than full retirement tax bracket. Earlier this year I converted funds, but recharacterized when the funds went down. Then, I converted again later this year. But that converted amount is now down 4%. 1) Is 4% enough to justify doing thi...
by Carl53
Wed Dec 09, 2015 3:33 pm
Forum: Personal Finance (Not Investing)
Topic: A few tax questions
Replies: 14
Views: 1375

Re: A few tax questions

Thanks for the input so far. So for example 2015 I take the standard deduction of $12,600 and max out 2 Roths. In 2016 I have the following deductions: $3,400 2015 property tax bill $3,400 2016 property tax bill (keeping the same figure for simplicity sake) $5,000 Mortgage Interest $11,000 2 TIRAs ...
by Carl53
Wed Dec 09, 2015 3:30 pm
Forum: Personal Finance (Not Investing)
Topic: A few tax questions
Replies: 14
Views: 1375

Re: A few tax questions

With an AGI of 120k, but with maxing 401k and HSA etc you probably are not too far into the 25% bracket. If this is the case, some of your savings might only be at the 15% benefit. Perhaps this is behind your thoughts about alternating Roths and Tiras. Use Roths if your bunched deductions drive you ...
by Carl53
Sat Dec 05, 2015 5:02 am
Forum: Personal Finance (Not Investing)
Topic: Vanguard TurboTax - Not Available 2015?
Replies: 320
Views: 30942

Re: Vanguard TurboTax - Not Available 2015?

I wonder if their decision to drop TT has anything to do with the lawsuit.
by Carl53
Fri Dec 04, 2015 9:00 pm
Forum: Investing - Help with Personal Investments
Topic: Hello! New guy here.
Replies: 21
Views: 2502

Re: Hello! New guy here.

At your current combined pay of $100k, you likely will not be in the 25% marginal bracket. The 25% bracket for married filing jointly begins at $74900 taxable. Add in the $12600 standard deduction and two $4000 exemptions you are at $95500. A little 401k contribution and you are dropping into the 15...
by Carl53
Wed Dec 02, 2015 7:48 am
Forum: Investing - Help with Personal Investments
Topic: Review of Roth Recharacterization Strategy
Replies: 9
Views: 1071

Re: Review of Roth Recharacterization Strategy

The unrecharacterized conversion (VGHCX that gained 7 percent) will be transferred to my Roth 1 account soon. Just covering all angles - after the transfer is made to the Roth 1 account, other making sure to wait until 2016, are there any restrictions or rules on when another conversion can be made...
by Carl53
Tue Dec 01, 2015 11:15 am
Forum: Personal Consumer Issues
Topic: What To Do In Santiago Chile Jan 2016
Replies: 9
Views: 1025

Re: What To Do In Santiago Chile Jan 2016

[quote="texasdiverRenting a car can be a time-consuming hassle, even from the big US brands like Budget. And then you need a GPS with local maps unless you plan to burn through a ton of $$$ doing international data roaming on your phone to get google maps. Street signage can be sporadic and the road signs are often obscured by trees so it is very easy to get lost without GPS. Our rental car was supposed to have GPS but one with it was not available when we picked it up, ugh. We were in the Lakes region several hours south of Santiago.
...
Santiago has decent public transit and the taxis are everywhere. Agreed.
.[/quote]
by Carl53
Tue Dec 01, 2015 11:07 am
Forum: Investing - Help with Personal Investments
Topic: Review of Roth Recharacterization Strategy
Replies: 9
Views: 1071

Re: Review of Roth Recharacterization Strategy

The unrecharacterized conversion (VGHCX that gained 7 percent) will be transferred to my Roth 1 account soon. Just covering all angles - after the transfer is made to the Roth 1 account, other making sure to wait until 2016, are there any restrictions or rules on when another conversion can be made...
by Carl53
Tue Dec 01, 2015 9:53 am
Forum: Personal Finance (Not Investing)
Topic: Penfed $100 credit
Replies: 7
Views: 2085

Re: Penfed $100 credit

I see that I was credited my $100 in the last week, probably 90 days since I met the criteria.
by Carl53
Tue Dec 01, 2015 9:48 am
Forum: Investing - Help with Personal Investments
Topic: This easy to generate $8750 taxable income from Roth conversion?
Replies: 3
Views: 1077

Re: This easy to generate $8750 taxable income from Roth conversion?

We always make/keep a small Roth conversion for my spouse so that she can have income attributable to her and meet our state's requirements for a joint filing credit.
by Carl53
Tue Dec 01, 2015 9:38 am
Forum: Investing - Help with Personal Investments
Topic: Review of Roth Recharacterization Strategy
Replies: 9
Views: 1071

Re: Review of Roth Recharacterization Strategy

Please review the mechanics of this Roth IRA Recharacterization Strategy. With the guidance Bigfoot's IRA conversion model, I am planning to preform a series of Roth IRA conversions over the next 3-4 years to reduce unnecessary RMDs. The conversions greatly increase the marginal tax rate, so any ta...
by Carl53
Mon Nov 30, 2015 11:30 am
Forum: Personal Consumer Issues
Topic: Turbo Tax Deluxe status w/ schedules
Replies: 15
Views: 1571

Re: Turbo Tax Deluxe status w/ schedules

I see that Intuit is cagey on their comparison website, not stating what schedules are included but that the premier will "•Track cost basis and capital gains".

http://www.quicken.com/compare

EDIT: the link above is not for TT but quicken. oops.
by Carl53
Mon Nov 30, 2015 9:20 am
Forum: Personal Finance (Not Investing)
Topic: Has anyone had experience with missingmoney.com?
Replies: 21
Views: 2607

Re: Has anyone had experience with missingmoney.com?

N1CKV wrote:
Carl53 wrote:Update: I did the snail mail route to eliminate the 3rd party action and received a check for around $250.

What state is this for?


Ohio
by Carl53
Sun Nov 29, 2015 8:48 am
Forum: Personal Finance (Not Investing)
Topic: Has anyone had experience with missingmoney.com?
Replies: 21
Views: 2607

Re: Has anyone had experience with missingmoney.com?

Update: I did the snail mail route to eliminate the 3rd party action and received a check for around $250.
by Carl53
Mon Nov 23, 2015 10:04 pm
Forum: Investing - Help with Personal Investments
Topic: Portfolio & strategy review for young widow with child
Replies: 39
Views: 4438

Re: Portfolio & strategy review for young widow with child

My condolences to you and welcome to the forum. By an large you are doing great financially. Hello Bogleheads, This is my first post after reading for a couple of years. I really appreciate this forum as a great resource. This year has been life-changing as I lost my husband and now am sole provider...

Go to advanced search