Search found 1449 matches

by Chip
Wed Sep 20, 2017 1:48 pm
Forum: Investing - Help with Personal Investments
Topic: Roth Conversions and taxes
Replies: 18
Views: 806

Re: Roth Conversions and taxes

1. & 2. That makes sense, however, I would then be increasing the stock portion (and decreasing the bond portion) of my tIRA, which is what I wanted to avoid since in the long run, our RMDs would then increase (especially after the market rebounds). In my situation, I would think it would be best t...
by Chip
Wed Sep 20, 2017 1:12 pm
Forum: Investing - Help with Personal Investments
Topic: Roth Conversions and taxes
Replies: 18
Views: 806

Re: Roth Conversions and taxes

Nobody can be *sure* that they will "ultimately be in 28% or 33% bracket" ten (and more) years down the road. Even leaving completely aside the possibility of future tax legislation, there is always the possibility that one spouse may sooner or later need significant LTC expenses, potentially gener...
by Chip
Wed Sep 20, 2017 8:56 am
Forum: Investing - Help with Personal Investments
Topic: Roth Conversions and taxes
Replies: 18
Views: 806

Re: Roth Conversions and taxes

Given that you're sure you'll ultimately be in the 28% or 33% bracket I think the top of the 25% makes the most sense. Top of the 28% might be reasonable as well. Though I know the up front taxes are a bitter pill to swallow. At age 63 & up you might examine whether it is worth it to go all the way ...
by Chip
Wed Sep 20, 2017 7:09 am
Forum: Investing - Theory, News & General
Topic: Any "average Joe" here actually make out well with individual stocks?
Replies: 40
Views: 3193

Re: Any "average Joe" here actually make out well with individual stocks?

I have one individual stock from a former employer in a tax deferred IRA that I want to sell next year (my first full year of retirement). I want to wait to take advantage of the net unrealized appreciation tax rules when I am in a lower tax bracket. I hope the stock is still in a company plan (e.g...
by Chip
Fri Sep 15, 2017 7:14 am
Forum: Personal Consumer Issues
Topic: Is "Fall" grass fertilizer formulation really necessary?
Replies: 8
Views: 770

Re: Is "Fall" grass fertilizer formulation really necessary?

I also fertilize in the fall only, and use Winterguard. But if I were in your situation I would use up the regular Turf Builder. There's not that much difference, and you really don't know if you need the extra potassium without a soil test. BTW, I fertilizer 2 or 3 times in the fall, putting on abo...
by Chip
Sun Sep 10, 2017 2:05 pm
Forum: Investing - Help with Personal Investments
Topic: Capital gains in retirement with no earned income: Is this right?
Replies: 8
Views: 778

Re: Capital gains in retirement with no earned income: Is this right?

+1 OP is mistaken in thinking he/she has $120K in income. That is undoubtedly the source of the problem. Nope. The calculator is bad. Though I agree 120k would be a problem. But the calculator comes up with a non-zero federal capital gains tax for 70k of LT gains, MFJ, no other income, etc. Bad cal...
by Chip
Sun Sep 10, 2017 1:35 pm
Forum: Investing - Help with Personal Investments
Topic: Capital gains in retirement with no earned income: Is this right?
Replies: 8
Views: 778

Re: Capital gains in retirement with no earned income: Is this right?

Find a different calculator. That one stinks.

Adding qualified dividends to LTCG is a reasonable shortcut and wouldn't change the taxes.
by Chip
Sun Sep 10, 2017 10:30 am
Forum: Investing - Theory, News & General
Topic: China drops the Hammer on Cryptocurrencies
Replies: 23
Views: 2854

Re: China drops the Hammer on Cryptocurrencies

The other thing that the articles I read made clear is that both Chiasso and Zug are hoping to attract cryptocurrency businesses to locate in their towns by appearing to be "crypto-friendly". So it appears that this is likely an economic development move, and not necessarily a ringing endorsement of...
by Chip
Sun Sep 10, 2017 7:02 am
Forum: Investing - Theory, News & General
Topic: Market timing using Gold-Lumber indicator
Replies: 24
Views: 2009

Re: Market timing using Gold-Lumber indicator

I skimmed the paper. Honestly it seems like a lot of curve fitting to me. I was amazed to see them quote wikinvest for the statement (p. 3) that: "It is estimated that “one-third of the forestland in the United States is publicly owned and has been withdrawn from production…[and] of the remaining 50...
by Chip
Sun Sep 10, 2017 6:22 am
Forum: Investing - Theory, News & General
Topic: China drops the Hammer on Cryptocurrencies
Replies: 23
Views: 2854

Re: China drops the Hammer on Cryptocurrencies

Today Switzerland announces they will allow citizens to pay taxes using Bitcoin https://news.bitcoin.com/chiasso-switzerland-to-allow-citizens-to-pay-taxes-in-bitcoin/?utm_source=OneSignal+Push&utm_medium=notification&utm_campaign=Push+Notifications Switzerland didn't announce it will accept Bitcoi...
by Chip
Sat Sep 09, 2017 3:04 pm
Forum: Personal Consumer Issues
Topic: First Class Stamps on Large Packages
Replies: 23
Views: 1363

Re: First Class Stamps on Large Packages

I have used all old stamps on packages, but I don't remember ever doing some stamps plus a post office printed postage. I would take the stamps to the post office, unapplied. Then ask at the counter if they want you to apply them. Maybe they'll just take them as partial payment and print out the ent...
by Chip
Wed Sep 06, 2017 4:52 am
Forum: Personal Finance (Not Investing)
Topic: Tax-Loss Harvesting
Replies: 8
Views: 1213

Re: Tax-Loss Harvesting

The basic answer is yes. If you tax loss harvest you can use that to offset short term or long term capital gains. Once those are offset you can offset ordinary income up to a yearly limit of $3000 (mfj). When you sell investment real estate you have held for a few years you may have both capital g...
by Chip
Tue Sep 05, 2017 5:01 am
Forum: Personal Consumer Issues
Topic: How long do cars last these days (electronics)
Replies: 32
Views: 2242

Re: How long do cars last these days (electronics)

Thanks for all the replies. Lots of good points. Sounds like we will continue in our mode of buy a new Honda, Toyota or very similar, and keep it forever. At this rate, it won't be long before we're on our next to the last car! Be aware that your concern about the cost/reliability of electronics wa...
by Chip
Mon Sep 04, 2017 2:08 pm
Forum: Investing - Help with Personal Investments
Topic: AA with TSP and taxable account to get 50/50
Replies: 4
Views: 503

Re: AA with TSP and taxable account to get 50/50

Re: bonds in TSP. You are right, the G fund is unique in that it is stable value and the govt t bills are issued only to the fund, so price will not drop, but I have looked at the returns vs F fund: Of course the past ten years have been bullish for bonds as rates dropped, and we have bottomed out ...
by Chip
Mon Sep 04, 2017 1:47 pm
Forum: Personal Finance (Not Investing)
Topic: Becoming a Landlord: My Experiences
Replies: 74
Views: 9648

Re: Becoming a Landlord: My Experiences

- You will pay 25% recapture tax on all depreciation previously written off. I see this mentioned regularly on the web. However, in reality recapture is subject to ordinary income tax rates up to a maximum of 25%. It's very weird how it is taxed. The entire profit is treated as a capital gain for g...
by Chip
Mon Sep 04, 2017 8:38 am
Forum: Personal Consumer Issues
Topic: Pork shoulder on Weber E-310: Best practices?
Replies: 37
Views: 2419

Re: Pork shoulder on Weber E-310: Best practices?

Teague wrote:
Mon Sep 04, 2017 8:29 am
Here's your solution for that problem:

https://www.amazon.com/Original-Bear-Pa ... B003IWI66W
Thanks. I knew about those but have resisted buying them since I only cook pork butts once per year at most. Plus I do have really good tongs. :D
by Chip
Mon Sep 04, 2017 8:36 am
Forum: Personal Consumer Issues
Topic: Pork shoulder on Weber E-310: Best practices?
Replies: 37
Views: 2419

Re: Pork shoulder on Weber E-310: Best practices?

To cap off the first attempt on the Weber: Total time/temp on the grill: 9.5 hours @ 260 (temp measured at meat height). Could have possibly been 250 due to thermometer calibration. I will consider getting a new, calibrated temp probe, mounted at meat height. Water was added to the drip pan, a cup a...
by Chip
Mon Sep 04, 2017 8:04 am
Forum: Personal Consumer Issues
Topic: Pork shoulder on Weber E-310: Best practices?
Replies: 37
Views: 2419

Re: Pork shoulder on Weber E-310: Best practices?

One very important thing to do is clean the inside of the grill and lid periodically with a scraper and wire brush and do it more often than you think you need to. I had a fire from the caked on smoke and grease (it really did not look like there was much of it but there sure was enough). The roari...
by Chip
Mon Sep 04, 2017 7:55 am
Forum: Personal Consumer Issues
Topic: Pork shoulder on Weber E-310: Best practices?
Replies: 37
Views: 2419

Re: Pork shoulder on Weber E-310: Best practices?

I don't do large pieces of meat on our 330 but I do occasionally spatchcock a chicken. I run the burners on the two sides and leave the middle off. The proximity of the side burners compensates for the longer cooking time for the legs. But even so, I have found that I need to rotate the bird a coup...
by Chip
Mon Sep 04, 2017 6:08 am
Forum: Personal Finance (Not Investing)
Topic: Social Security analyzer
Replies: 9
Views: 1696

Re: Social Security analyzer

It's been recommended here, too.

Previous threads with references to it here, here, and here.

Though I think it's excellent, it has some quirks. I think the major one is that it only recommends beginning SS at integer ages, e.g. 66, 67, 68. Not 64 years and 4 months, etc.
by Chip
Mon Sep 04, 2017 5:50 am
Forum: Personal Finance (Not Investing)
Topic: Becoming a Landlord: My Experiences
Replies: 74
Views: 9648

Re: Becoming a Landlord: My Experiences

Great post, denovo. I can remember violating some of your "rules" when I had my rentals and ended up paying dearly for those violations in time and money. The worst was becoming an absentee landlord. When I bought the rentals I lived in the same small town and often did minor repair work myself. Whi...
by Chip
Mon Sep 04, 2017 5:23 am
Forum: Investing - Help with Personal Investments
Topic: AA with TSP and taxable account to get 50/50
Replies: 4
Views: 503

Re: AA with TSP and taxable account to get 50/50

Question: 1. Best way to get to a 50/50 AA (not including the emergency cash in the bank). I have read on the site, best to keep fixed income portion in tax deferred as much as possible, equities in taxable. But in this tax bracket,is there really an advantage, or could I do a 50/50 in the taxable ...
by Chip
Sat Sep 02, 2017 5:17 am
Forum: Investing - Help with Personal Investments
Topic: Start TSP disbursements and delay social security -- or the other way around?
Replies: 39
Views: 2435

Re: Start TSP disbursements and delay social security -- or the other way around?

The file and suspend option for restricted benefits is no longer available. In addition to the birth date restriction, the new law applies to individuals who request a suspension on or after April 30, 2016. You can still file and suspend, but you are deemed to have filed for both spousal and your o...
by Chip
Sat Sep 02, 2017 5:06 am
Forum: Personal Finance (Not Investing)
Topic: Christine Benz: "75 Must-Know Statistics About Long-Term Care"
Replies: 24
Views: 3636

Re: Christine Benz: "75 Must-Know Statistics About Long-Term Care"

The problem is most policies being sold today don't cover the tail risk. They only cover 5 years of LTC or so. A good Boglehead should be able to afford 5 years, if that's the worst outcome. The article says that the median assets after 6 years in LTC is $0. What is the point of insurance that cove...
by Chip
Fri Sep 01, 2017 9:27 am
Forum: Personal Consumer Issues
Topic: Pork shoulder on Weber E-310: Best practices?
Replies: 37
Views: 2419

Re: Pork shoulder on Weber E-310: Best practices?

Water pans are a common thing to do but they are frowned upon by BBQ purists. Especially with something like a pork butt which has so much fat there are no worries about it "drying out". The idea of good BBQ is that want a smoked dried out "bark" on the outside of the meat with the "smoke ring" jus...
by Chip
Fri Sep 01, 2017 7:26 am
Forum: Personal Finance (Not Investing)
Topic: IRS tax letter triggered by Turbotax's 8606
Replies: 50
Views: 6456

Re: IRS tax letter triggered by Turbotax's 8606

Walking through the TT screens, my 8606 forms were not correct. It wasn't until I used TFB article, cleared all the IRA info from the return, and completed the forms in the particular order and method suggested (which I will admit is not 100% intuitive) that TT completed the 8606 correctly. I don't...
by Chip
Fri Sep 01, 2017 7:17 am
Forum: Personal Finance (Not Investing)
Topic: IRS tax letter triggered by Turbotax's 8606
Replies: 50
Views: 6456

Re: IRS tax letter triggered by Turbotax's 8606

I'm quite sure I answered the questions the same way in 2015 and 2016. The form in 2016 is filled out correctly. Also...if I'd answered the way you suggested I did, Turbotax should have calculated my tax as if the entire Roth conversion amount were taxable, correct? Well, over three months ago you ...
by Chip
Thu Aug 31, 2017 1:52 pm
Forum: Personal Consumer Issues
Topic: Pork shoulder on Weber E-310: Best practices?
Replies: 37
Views: 2419

Re: Pork shoulder on Weber E-310: Best practices?

obgraham wrote:
Thu Aug 31, 2017 1:40 pm
I switched to GrillGrates this summer. No more fires, but man do they get hot!
I didn't know about GrillGrates. Interesting idea. Are they difficult to clean?
by Chip
Thu Aug 31, 2017 12:34 pm
Forum: Personal Consumer Issues
Topic: How do you reverse a lifetime of frugality and learn to spend some money?
Replies: 59
Views: 6202

Re: How do you reverse a lifetime of frugality and learn to spend some money?

I was extremely frugal throughout my working years and saved enough money to retire at age 49. I'm now 56 and I have to admit I still worry about spending money on anything but the bare necessities . I have zero debt and my home is paid for. Similar thread from a year ago, with what I thought were ...
by Chip
Thu Aug 31, 2017 12:12 pm
Forum: Personal Consumer Issues
Topic: Pork shoulder on Weber E-310: Best practices?
Replies: 37
Views: 2419

Re: Pork shoulder on Weber E-310: Best practices?

The water pan goes over the burner, but you don't want it to boil. Keep the temp close to 225 degrees and you shouldn't have a problem. Thanks. I will do that if I can keep cook times under 12 hours. So far, after 7 hours at 300 my Thermoworks ChefAlarm leave-in thermometer (one of my favorite tool...
by Chip
Thu Aug 31, 2017 12:00 pm
Forum: Personal Consumer Issues
Topic: Pork shoulder on Weber E-310: Best practices?
Replies: 37
Views: 2419

Re: Pork shoulder on Weber E-310: Best practices?

djpeteski wrote:
Thu Aug 31, 2017 11:56 am
Do you use a dry rub?

If so add coffee. Holy cow that makes it good.
Yes, but not with coffee. I'll put that on the list for future experiments. I've used a coffee-based rub for pork tenderloins, served with a fig-bourbon sauce. Yum.
by Chip
Thu Aug 31, 2017 11:51 am
Forum: Personal Consumer Issues
Topic: Pork shoulder on Weber E-310: Best practices?
Replies: 37
Views: 2419

Re: Pork shoulder on Weber E-310: Best practices?

Thanks to all for the responses. I will stick with the drip pan. I've experienced one grease fire on a grill and it wasn't an experience I care to repeat. Though I do think the flavorizer bars add some flavor to quick-cooking items like hamburgers and steaks. But I can see how there would be little ...
by Chip
Thu Aug 31, 2017 9:05 am
Forum: Personal Consumer Issues
Topic: Pork shoulder on Weber E-310: Best practices?
Replies: 37
Views: 2419

Pork shoulder on Weber E-310: Best practices?

I have a relatively new Weber Spirit E-310 gas grill (natural gas version). While I have a fair amount of experience using my previous gas grill to smoke/bbq shoulders (not whole shoulders, but ~8 lb butts), I'm thinking that the design of the Weber might lend itself to different techniques. My gene...
by Chip
Thu Aug 31, 2017 6:57 am
Forum: Personal Finance (Not Investing)
Topic: IRS tax letter triggered by Turbotax's 8606
Replies: 50
Views: 6456

Re: IRS tax letter triggered by Turbotax's 8606

There is no possibility it was anything other than a bug that was present in early 2016 and subsequently fixed by the time you did your experiment. I filed early that year as I was due a refund. The reason is that the tax return was internally inconsistent. The first part of the form was filled out...
by Chip
Wed Aug 30, 2017 2:23 pm
Forum: Personal Finance (Not Investing)
Topic: IRS tax letter triggered by Turbotax's 8606
Replies: 50
Views: 6456

Re: IRS tax letter triggered by Turbotax's 8606

Bad you, Turbotax. They still won't admit that this bug occurred. So much for their guarantees. I'm glad your situation has been resolved. I understand that you're convinced that it was a bug in Turbotax, but there is a quite plausible scenario where there is no bug, just a poorly worded interview ...
by Chip
Wed Aug 30, 2017 4:20 am
Forum: Personal Consumer Issues
Topic: Best lubricant for exterior door locks
Replies: 27
Views: 2621

Re: Best lubricant for exterior door locks

I've used powdered graphite for many years. It works well, but it isn't always easy to get it everywhere inside the lock when applying it through the keyhole. Multiple applications may be necessary. It's fairly easy to take a deadbolt apart and clean/lube it. I agree with others that you may also ha...
by Chip
Tue Aug 29, 2017 12:46 pm
Forum: Personal Finance (Not Investing)
Topic: Who should I ask about Social Security?
Replies: 10
Views: 1138

Re: Who should I ask about Social Security?

I agree with pshonore on the benefit structure and timing. Many here advocate delaying SS claiming for the higher earning spouse until age 70 if possible and there are no indications of a short lifespan. SS benefits are an inflation-adjusted annuity that can't be outlived, plus the surviving spouse ...
by Chip
Tue Aug 29, 2017 4:45 am
Forum: Personal Finance (Not Investing)
Topic: IRS form CP2000--they want tax on an IRA rollover, please advise
Replies: 27
Views: 2119

Re: IRS form CP2000--they want tax on an IRA rollover, please advise

Great news!

Thanks for closing the loop on this thread.
by Chip
Sun Aug 27, 2017 4:27 am
Forum: Personal Finance (Not Investing)
Topic: Sigh...I'm ready for criticism...how am I doing?
Replies: 50
Views: 6620

Re: Sigh...I'm ready for criticism...how am I doing?

Really? I know the OP has a huge potential net worth but he doesn't have it yet. I just couldn't fathom taking a 50-70k loss when he could have 500 /mos positive cash flow and probably sell next year with a gain. Ad long as you get decent tenants the "hassle" of LL is highly inflated on this site Y...
by Chip
Sat Aug 26, 2017 10:37 am
Forum: Investing - Help with Personal Investments
Topic: Best Book on Roth Conversions
Replies: 27
Views: 4048

Re: Best Book on Roth Conversions

Although there are varying complicated factors involved and one can only get an approximation, TVM of taxes paid is not one of those trivial points to be ignored. It is one of the most important thing to consider in a Roth conversion. Any analysis have to include that. If an author ignores it, I am...
by Chip
Fri Aug 25, 2017 5:36 am
Forum: Investing - Help with Personal Investments
Topic: Retirement is Coming - Do my 3-Fund portfolios make any sense?
Replies: 20
Views: 2142

Re: Retirement is Coming - Do my 3-Fund portfolios make any sense?

Let me flesh this out for you a bit: If you delay claiming SS from age 67 to age 70, you will get a benefit that is nearly 24% greater (the exact increase is 8% of your age 66 benefit, so it is just under 8% per year). Using 2300 as your number, you will now get about $2810. You also get any COLA f...
by Chip
Thu Aug 24, 2017 2:00 pm
Forum: Personal Consumer Issues
Topic: Exhaust Fan for the bathroom
Replies: 59
Views: 4287

Re: Exhaust Fan for the bathroom

I also bought a Panasonic. Very quiet compared to the builder grade Broan it replaced. I'm pretty handy and installed it myself, but it was anything but easy. The instructions lead you to believe that it can be installed from the bathroom side without any drywall work but that is patently false. I e...
by Chip
Thu Aug 24, 2017 8:21 am
Forum: Personal Finance (Not Investing)
Topic: Why do we consider cash flow from rentals but not our own homes?
Replies: 89
Views: 5743

Re: Why do we consider cash flow from rentals but not our own homes?

Over time, property that is rented out that does not cover taxes, upkeep, maintenance, cash flow for the owner, plus even a little profit will be transitioned either to another owner who can manage it better or it will transition out of the rental market. There is no permanent free lunch for the re...
by Chip
Thu Aug 24, 2017 8:04 am
Forum: Personal Finance (Not Investing)
Topic: Why do we consider cash flow from rentals but not our own homes?
Replies: 89
Views: 5743

Re: Why do we consider cash flow from rentals but not our own homes?

There are certainly lots of examples of underwater landlords/owners who must rent at rates that don't cover their costs. But in general terms that's not how the rental market works. Yes there are owners who overpay (or don't but lose their jobs or other income) but, especially today, homes are bein...
by Chip
Thu Aug 24, 2017 6:29 am
Forum: Personal Finance (Not Investing)
Topic: Why do we consider cash flow from rentals but not our own homes?
Replies: 89
Views: 5743

Re: Why do we consider cash flow from rentals but not our own homes?

They aren't paying for those things, at least not any more than someone who purchases a car is paying for crash tests, factory emissions testing and manufacturing line maintenance. You are paying rent, that is it - what the landlord does with that income to cover their costs is a distraction at bes...
by Chip
Thu Aug 24, 2017 4:46 am
Forum: Personal Finance (Not Investing)
Topic: Sigh...I'm ready for criticism...how am I doing?
Replies: 50
Views: 6620

Re: Sigh...I'm ready for criticism...how am I doing?

The house does need some repairs and we had a buyer but he lost financing. All our equity is essentially gone since the market has depreciated and about $20k in repairs are needed. If we rent it, we will use property management. Nice thread title! I agree with others that you are doing well. As som...
by Chip
Sat Aug 19, 2017 8:28 am
Forum: Investing - Theory, News & General
Topic: IVLU for international value exposure [iShares Edge MSCI Intl Value]
Replies: 12
Views: 1374

Re: IVLU for international value exposure

Thanks for the information. I currently own FNDF, but IVLU looks like a good TLH option.

FNDF SEC yield is currently 2.66%.

Last year FNDF yielded 2.80%, 99% QDI, and FTC of 8.9% of the dividend. Details in this post.
by Chip
Thu Aug 17, 2017 5:34 am
Forum: Personal Consumer Issues
Topic: Replace car battery after X years or wait till it dies?
Replies: 124
Views: 12088

Re: Replace car battery after X years or wait till it dies?

I've driven over a million miles and have usually owned three vehicles for the last few decades. We have usually rolled a new vehicle into the family fleet about every 5 to 7 years, keeping the old ones anywhere from 15 to 20 years. There may be a difference in your use patterns. Our second and thi...
by Chip
Sun Aug 13, 2017 11:45 am
Forum: Investing - Theory, News & General
Topic: "Bonds: Ballast for your portfolio"
Replies: 45
Views: 5756

Re: "Bonds: Ballast for your portfolio"

In other words, we don't know that a nominal Treasury will always be liquid. It remained liquid in 2008, but will it, in the next crisis? Has there ever been a time when they weren't liquid? Would you not agree that US nominal treasuries, as a whole, are the most liquid security available to us?
by Chip
Sun Aug 13, 2017 10:26 am
Forum: Investing - Theory, News & General
Topic: "Bonds: Ballast for your portfolio"
Replies: 45
Views: 5756

Re: "Bonds: Ballast for your portfolio"

I seem to recall that there was a particular issue with Tip liquidity in the fall of 2008 related to something like hedge fund holdings that were forced to liquidate. That may be true, but I have yet to read about people actually looking at the CPI index , at the time, and see how its fluctuations ...