Search found 329 matches

by Rob54keep
Fri Jun 22, 2018 10:20 am
Forum: Personal Finance (Not Investing)
Topic: "Open Social Security" calculator: feature requests, bug reports, etc
Replies: 91
Views: 6552

Re: "Open Social Security" calculator: feature requests, bug reports, etc

Was there a projected COLA included? Perhaps this was already mentioned somewhere in this thread.
by Rob54keep
Mon Jun 18, 2018 8:34 am
Forum: Personal Finance (Not Investing)
Topic: Sanity Check on House Purchase
Replies: 13
Views: 1677

Re: Sanity Check on House Purchase

With a new baby arriving in January, I would have more than 4 months emergency fund if possible. Things happen,,,and they'll happen at the same time that the 10 year old AC will give you problems.
by Rob54keep
Sat Apr 28, 2018 6:43 am
Forum: Personal Consumer Issues
Topic: Do you sell or donate unused items?
Replies: 46
Views: 2818

Re: Do you sell or donate unused items?

Today our HOA-neighborhood is doing the Annual Garage Sale. My wife wants to put out quite a few furniture items from my daughter (she is now married with better stuff). We'll see how this goes but anything left after noon today is going to be donated on Monday. I still itemize for 2018. But if the ...
by Rob54keep
Tue Apr 24, 2018 7:53 am
Forum: Personal Finance (Not Investing)
Topic: Downloadable Social Security Benefit Estimator (repost)
Replies: 40
Views: 4858

Re: Downloadable Social Security Benefit Estimator (repost)

Ah,, my bad. The manual changes in the CPI-W and AWI affect future earnings only. Seeing all my earnings are in the past (64 and retired), it does not affect my PIA. Also the BOLD indexed earnings now works AOK. Thanks. Also where does the SS-CPI-W come from and how does that relate to COLA? Because...
by Rob54keep
Tue Apr 24, 2018 6:52 am
Forum: Personal Finance (Not Investing)
Topic: Downloadable Social Security Benefit Estimator (repost)
Replies: 40
Views: 4858

Re: Downloadable Social Security Benefit Estimator (repost)

When I change a value in the Peach Box (CPI-W or AWI) it changes the green values below the peach box but it does nothing to the benefits box (above the graph) nor to the graph itself. Is anything "Protected" in the spreadsheet that may prevent the changes from occurring?
by Rob54keep
Tue Apr 24, 2018 6:07 am
Forum: Personal Finance (Not Investing)
Topic: Downloadable Social Security Benefit Estimator (repost)
Replies: 40
Views: 4858

Re: Downloadable Social Security Benefit Estimator (repost)

It does bold the top 35 earning years but when using the index inflation factor that SS provides (using the inflation factors from the year when you were eligible for SS at age 62) these bold numbers are not the top 35 years. For example, I have a wage in 1975 that has an index inflation factor of 5...
by Rob54keep
Wed Apr 18, 2018 6:38 am
Forum: Investing - Theory, News & General
Topic: Ally online savings now at 1.60%
Replies: 180
Views: 29360

Re: Ally online savings now at 1.45%

There are a few out there or you can calculate it yourself:
https://www.calcxml.com/do/inc11
(Tax-Free Yield)/1-(Marginal Tax Rate) = Tax Equivalent Yield
by Rob54keep
Mon Apr 09, 2018 8:23 pm
Forum: Investing - Theory, News & General
Topic: What is your AA, given your age? and, Why?
Replies: 163
Views: 12560

Re: What is your AA, given your age? and, Why?

I am 64 and wife is 60 (both retired but still waiting for SS). We are at about 40% stocks / 60% Bonds. Total of 5 funds. Why? I really don't need (or want) to take more risk than needed. I have two funds that I kept from my old 401k, a Stable Fund and PrimeCap. Both fairly low ER's and useful in my...
by Rob54keep
Mon Apr 02, 2018 5:05 pm
Forum: Personal Finance (Not Investing)
Topic: How did you file your income taxes?
Replies: 77
Views: 4150

Re: How did you file your income taxes?

I do my own taxes via Excel spreadsheets that I have setup for each year. I then do it in TurboTax to see if I missed something. They were within $3 so I submitted via e-file in TurboTax.
by Rob54keep
Tue Mar 27, 2018 9:38 am
Forum: Personal Finance (Not Investing)
Topic: When to Take Social Security (again...)
Replies: 62
Views: 5525

Re: When to Take Social Security (again...)

Each individual (family) is different on this decision. As a result, all variables need to be reviewed and those variables that have the largest weight for that family are the deciding factors. For me the main deciding factors are doing partial Roth conversions from 60 (retired) to FRA to reduce pro...
by Rob54keep
Sat Mar 17, 2018 8:00 pm
Forum: Personal Consumer Issues
Topic: Anyone get a 'Tuff Shed' ?
Replies: 12
Views: 2182

Re: Anyone get a 'Tuff Shed' ?

I have purchased two Tuff Sheds over the years - two different houses. The one I have now is 7 years old. I added ventilation vents (low and high) and painted the inside floor. No problems and I would buy again.
by Rob54keep
Mon Mar 12, 2018 9:08 am
Forum: Personal Finance (Not Investing)
Topic: what is marginal tax rate?
Replies: 29
Views: 2615

Re: what is marginal tax rate?

It's the tax rate you paid on the last dollar earned.
MFJ both years: 2017 = 25%, Current Estimated 2018 = 22%, No State Income Taxes.
by Rob54keep
Fri Mar 09, 2018 7:24 am
Forum: Investing - Help with Personal Investments
Topic: Tax withholding from tIRA to Roth
Replies: 4
Views: 507

Re: Tax withholding from tIRA to Roth

You can pay the taxes also from from other income sources (job, pension, etc) during the year (Withholding) or you can pay Estimated Taxes where you pay the IRS quarterly estimates (can pay online) based on when you receive the distribution (tIRA to Roth conversion),,, or both. I'm assuming you are ...
by Rob54keep
Sat Feb 10, 2018 1:03 pm
Forum: Investing - Help with Personal Investments
Topic: Retiring soon.....401K vs rollover to IRA?
Replies: 16
Views: 1327

Re: Retiring soon.....401K vs rollover to IRA?

I kept my 401k intact when I retired because of a Stable Fund and low ER’s and it was at Vanguard. One drawback that I have is that to make any changes on withdrawal rates or tax withholding, I have to talk to a Vanguard 401k specialist rather than doing online as I could with an IRA. Not a big deal...
by Rob54keep
Sat Jan 20, 2018 1:05 pm
Forum: Personal Finance (Not Investing)
Topic: Form 1099-R IRA/SEP/SIMPLE box affecting refund
Replies: 52
Views: 2656

Re: Form 1099-R IRA/SEP/SIMPLE box affecting refund

Ah,,,finally. I will pursue this with Intuit/TT. Many thanks for diving deeper into this.
by Rob54keep
Sat Jan 20, 2018 10:20 am
Forum: Personal Finance (Not Investing)
Topic: Form 1099-R IRA/SEP/SIMPLE box affecting refund
Replies: 52
Views: 2656

Re: Form 1099-R IRA/SEP/SIMPLE box affecting refund

I want to thank everyone for the great feedback on this minor tax situation. I am pursuing the understanding & details of the Sales Tax Deduction calculation. I see even the IRS has a Sales Tax Calculator at: https://apps.irs.gov/app/stdc/stdc.html?_page=11&_cancel The IRS calculator gives exactly ...
by Rob54keep
Fri Jan 19, 2018 8:59 am
Forum: Personal Finance (Not Investing)
Topic: Form 1099-R IRA/SEP/SIMPLE box affecting refund
Replies: 52
Views: 2656

Re: Form 1099-R IRA/SEP/SIMPLE box affecting refund

I want to thank everyone for the great feedback on this minor tax situation. I am pursuing the understanding & details of the Sales Tax Deduction calculation. I see even the IRS has a Sales Tax Calculator at: https://apps.irs.gov/app/stdc/stdc.html?_page=11&_cancel The IRS calculator gives exactly t...
by Rob54keep
Thu Jan 18, 2018 11:24 am
Forum: Personal Finance (Not Investing)
Topic: Form 1099-R IRA/SEP/SIMPLE box affecting refund
Replies: 52
Views: 2656

Re: Form 1099-R IRA/SEP/SIMPLE box affecting refund

I made a conversion not a contribution. Nevertheless, I did go through the Traditional & Roth contribution area and answered the questions accurately (I did not make a tIRA or Roth IRA contribution in 2017). The result was that there is still a refund difference between a checked and an unchecked bo...
by Rob54keep
Thu Jan 18, 2018 8:01 am
Forum: Personal Finance (Not Investing)
Topic: Form 1099-R IRA/SEP/SIMPLE box affecting refund
Replies: 52
Views: 2656

Re: Form 1099-R IRA/SEP/SIMPLE box affecting refund

But 15a and 16a do not affect AGI or taxable income, just 15b and 16b do that. However, if the a line is higher than the b line the difference is the non taxable portion which does count as income for the sales tax deduction but not for AGI or taxable income. Further, if the line 16 distribution is...
by Rob54keep
Wed Jan 17, 2018 8:13 pm
Forum: Personal Finance (Not Investing)
Topic: Form 1099-R IRA/SEP/SIMPLE box affecting refund
Replies: 52
Views: 2656

Re: Form 1099-R IRA/SEP/SIMPLE box affecting refund

I corrected my previous post. Unchecked box leads to lower Taxable Income because of a higher Sales Tax Deduction on Schedule A. I still don't see a relationship between doing a Roth conversion and that somehow affecting the sales tax deduction on Schedule A. Perhaps I need to do it by hand with the...
by Rob54keep
Wed Jan 17, 2018 2:45 pm
Forum: Personal Finance (Not Investing)
Topic: Form 1099-R IRA/SEP/SIMPLE box affecting refund
Replies: 52
Views: 2656

Re: Form 1099-R IRA/SEP/SIMPLE box affecting refund

Here is another idea: if you have a basis in your IRA , then part of a Roth conversion is not taxable, but that will not be the case with a pension. So unchecking the "IRA" box will remove any IRA basis calculation and create a higher AGI. If you look at one of his posts, he verified that uncheckin...
by Rob54keep
Wed Jan 17, 2018 11:27 am
Forum: Personal Finance (Not Investing)
Topic: Form 1099-R IRA/SEP/SIMPLE box affecting refund
Replies: 52
Views: 2656

Re: Form 1099-R IRA/SEP/SIMPLE box affecting refund

YES,,,the software asks what you did with this money (cash out, Roth conversion etc.). So I am clearly indicating that all the tIRA money is going to a Roth conversion. Obviously this does not affect my ability (daily cash-flow) to spend more or less. But yet I'm being penalized in the amount of Sal...
by Rob54keep
Wed Jan 17, 2018 11:13 am
Forum: Personal Finance (Not Investing)
Topic: Form 1099-R IRA/SEP/SIMPLE box affecting refund
Replies: 52
Views: 2656

Re: Form 1099-R IRA/SEP/SIMPLE box affecting refund

Very interesting comments. The Code for Box 7 = 07, which is a Normal Distribution. I'm curious if all tax software has similar outcomes.
by Rob54keep
Wed Jan 17, 2018 9:15 am
Forum: Personal Finance (Not Investing)
Topic: Form 1099-R IRA/SEP/SIMPLE box affecting refund
Replies: 52
Views: 2656

Re: Form 1099-R IRA/SEP/SIMPLE box affecting refund

I agree that the culprit is how the Sales Tax is calculated (which by itself looks rather complicated). However, I still don't see how that relates to the box being checked/unchecked on Form 1099-R. It results in a 15% reduction in the refund.
by Rob54keep
Wed Jan 17, 2018 8:52 am
Forum: Personal Finance (Not Investing)
Topic: Form 1099-R IRA/SEP/SIMPLE box affecting refund
Replies: 52
Views: 2656

Re: Form 1099-R IRA/SEP/SIMPLE box affecting refund

This was a tIRA to Roth IRA conversion. Nothing more. No backdoor Roth. When I make a comparison (checked & unchecked box) and look at Form 1040, the Total Income and AGI are identical but the Taxable Income increases (when the box on 1099-R is checked) because the amount of Sales Tax deduction on S...
by Rob54keep
Wed Jan 17, 2018 8:19 am
Forum: Personal Finance (Not Investing)
Topic: Form 1099-R IRA/SEP/SIMPLE box affecting refund
Replies: 52
Views: 2656

Form 1099-R IRA/SEP/SIMPLE box affecting refund

Why is it that when you enter data from Form 1099-R data into TurboTax (2017) and check the box of IRA/SEP/SIMPLE it affects the dollar amount of the refund (it decreases the refund when this box is checked). I know that this box tells the IRS that the Roth conversion did not come from a 401k.
by Rob54keep
Fri Jan 12, 2018 10:46 pm
Forum: Personal Finance (Not Investing)
Topic: New Tax Plan - How to make the most of it?
Replies: 43
Views: 5315

Re: New Tax Plan - How to make the most of it?

Are you eligible for a HSA in 2017 or 2018?
by Rob54keep
Wed Jan 03, 2018 10:54 am
Forum: Investing - Help with Personal Investments
Topic: HSA Family $6,750 limit questions
Replies: 104
Views: 8643

Re: HSA Family $6,750 limit questions

So if my wife & I have a HDHP and we both are over 55 years old, can we contribute for 2018, $6900 + $1000 = $7900 (family limit) or can we contribute $6900 + $1000 + $1000 = $8900 (seeing we are both over 55)? Yes, but the $1000 for whomever is not the primary for the insurance must be deposited i...
by Rob54keep
Tue Jan 02, 2018 7:29 pm
Forum: Investing - Help with Personal Investments
Topic: HSA Family $6,750 limit questions
Replies: 104
Views: 8643

Re: HSA Family $6,750 limit questions

So if my wife & I have a HDHP and we both are over 55 years old, can we contribute for 2018, $6900 + $1000 = $7900 (family limit) or can we contribute $6900 + $1000 + $1000 = $8900 (seeing we are both over 55)?
by Rob54keep
Mon Dec 25, 2017 9:19 am
Forum: Personal Finance (Not Investing)
Topic: Do you see a meaningful change in your income with new Tax Bill?
Replies: 266
Views: 23526

Re: Do you see a meaningful change in your income with new Tax Bill?

A change in taxes for sure. The retroactive (2017-2018) medical expenses deduction 7.5% makes a big difference for me. Tax brackets help and overall I am am to do more Roth conversion this year.
by Rob54keep
Sun Dec 17, 2017 11:00 am
Forum: Investing - Theory, News & General
Topic: Do you have bonds in Roths as a retiree?
Replies: 35
Views: 3147

Re: Do you have bonds in Roths as a retiree?

I have very little bonds in Roth. A small percentage is associated with a Wellington fund but the largest percentage is in Total Stock Index. Is there a planning reason why you are thinking about doing so?
by Rob54keep
Thu Nov 30, 2017 8:19 am
Forum: Personal Finance (Not Investing)
Topic: Taxes in Retirement [ways to forecast]
Replies: 30
Views: 3368

Re: Taxes in Retirement [ways to forecast]

I use BOTH tax software & my own spreadsheet, and they better match. It helps me understand what the software is doing.
by Rob54keep
Sun Nov 05, 2017 9:11 am
Forum: Personal Consumer Issues
Topic: Contract on Home Question
Replies: 14
Views: 1140

Re: Contract on Home Question

Yes,,,,I'm having here contact an attorney. There's a lot of moving pieces here with the house and the divorce settlement. Her current divorce attorney appears either clueless or not interested in diving deeper to clarify and advise her.
by Rob54keep
Sun Nov 05, 2017 8:28 am
Forum: Personal Consumer Issues
Topic: Contract on Home Question
Replies: 14
Views: 1140

Re: Contract on Home Question

If I'm reading your post correctly it's just a simple Inspection Contingency. In MN we usually give the Buyer's 10 days to complete the Inspection. During that 10 days it's a virtual "get out of jail free card" for the Buyer because they can back out, and get their earnest money back, for any minor...
by Rob54keep
Sat Nov 04, 2017 8:23 pm
Forum: Personal Consumer Issues
Topic: Contract on Home Question
Replies: 14
Views: 1140

Re: Contract on Home Question

Thank you for your comments. I believe the binding refers to the fact that they must respond to the offer by tomorrow (date specific). Not even one business day to decide!

I recommended that she seek an attorney for a review. Too many caution flags for me.
by Rob54keep
Sat Nov 04, 2017 6:51 pm
Forum: Personal Consumer Issues
Topic: Contract on Home Question
Replies: 14
Views: 1140

Contract on Home Question

I'm not a contracts guy thus I have a question on the following: I have a sister-in-law who is undergoing a divorce who ask me the significance of a contingent clause in a contract where she is trying to sell her house. Upon acceptance of this offer, Buyer & Seller agree that buyers will satisfy the...
by Rob54keep
Fri Nov 03, 2017 4:46 pm
Forum: Local Chapters and Bogleheads Community
Topic: Interest In forming North Texas Boglehead Group
Replies: 11
Views: 1668

Re: Interest In forming North Texas Boglehead Group

Here is a previous quote from Mel on Chapter startup criteria: "If you get five or more Bogleheads who are interested in forming the Local Chapter and one of you agrees to be the Local Chapter Coordinator, contact me via PM with your name and an email address that you'd use for this purpose (suggest...
by Rob54keep
Fri Nov 03, 2017 8:13 am
Forum: Local Chapters and Bogleheads Community
Topic: Interest In forming North Texas Boglehead Group
Replies: 11
Views: 1668

Re: Interest In forming North Texas Boglehead Group

I thought by now that there would have been many replies on the original post. Still waiting and hoping!
by Rob54keep
Tue Oct 31, 2017 9:40 pm
Forum: Personal Consumer Issues
Topic: Retirees: which websites do you spend the most time on?
Replies: 33
Views: 6535

Re: Retirees: which websites do you spend the most time on?

BH (of course)
Morningstar
Fox News
Clark Howard
Jim Lange Money Hour (in Pittsburg)
science & geology websites (AAPG)
Tax Policy Center
by Rob54keep
Sat Oct 28, 2017 6:27 pm
Forum: Personal Finance (Not Investing)
Topic: What was the main reason you retired?
Replies: 210
Views: 18130

Re: What was the main reason you retired?

My mains reasons were: #2, #9, spend more time with my wife and grand-baby, travel while I am still able, enough commuting for me. I am doing online teaching still which is more of a hobby than a job.
by Rob54keep
Tue Oct 24, 2017 8:37 am
Forum: Investing - Help with Personal Investments
Topic: Can one have too much money in tax-deferred
Replies: 128
Views: 13411

Re: Can one have too much money in tax-deferred

Later in my career, I did build up my AT accounts (Vang. muni-mutal fund and Total Stock) to help pay taxes on Roth conversions after I retired. Also, it was nice to have AT$ to help pay for a new vehicle & the living expenses in the first 2 years of retirement. I assume that was not the objective t...
by Rob54keep
Wed Oct 04, 2017 6:11 pm
Forum: Investing - Theory, News & General
Topic: How do you avoid bad market timing for lump sum investments?
Replies: 67
Views: 7863

Re: How do you avoid bad market timing for lump sum investments?

Every time I have tried to DCA back into the market with a lump sum amount of money, it's never worked in my favor. I would have been better served by just doing a lump sum at one time per my objectives.
by Rob54keep
Wed Oct 04, 2017 5:26 pm
Forum: Personal Consumer Issues
Topic: Do I replace AC evaporative coil or get a new unit?
Replies: 26
Views: 2223

Re: Do I replace AC evaporative coil or get a new unit?

What a bummer. To get a 10 year warranty you MUST register the product within 60 days of installation. If you didn't, you have a 5 year warranty.
by Rob54keep
Wed Oct 04, 2017 1:25 pm
Forum: Personal Consumer Issues
Topic: Do I replace AC evaporative coil or get a new unit?
Replies: 26
Views: 2223

Re: Do I replace AC evaporative coil or get a new unit?

Thanks for the input and price ranges. If you're not familiar with these systems (and I am not) it's very difficult to discern what is reasonable. There was also discussion how labor intensive it was to create a vacuum (or a clean line) in a closed system. How important is that in the installation p...
by Rob54keep
Tue Oct 03, 2017 9:29 pm
Forum: Personal Consumer Issues
Topic: Do I replace AC evaporative coil or get a new unit?
Replies: 26
Views: 2223

Re: Do I replace AC evaporative coil or get a new unit?

Great input for a non-mechanical / non-HVAC guy.
by Rob54keep
Tue Oct 03, 2017 8:41 pm
Forum: Personal Consumer Issues
Topic: Do I replace AC evaporative coil or get a new unit?
Replies: 26
Views: 2223

Re: Do I replace AC evaporative coil or get a new unit?

Replacing the unit would include AC and furnace. It is a R-410a system. I'll check other reputable AC firms on their costs/warranty for the coil.
by Rob54keep
Tue Oct 03, 2017 8:03 pm
Forum: Personal Consumer Issues
Topic: Do I replace AC evaporative coil or get a new unit?
Replies: 26
Views: 2223

Re: Do I replace AC evaporative coil or get a new unit?

Thanks much for the good input. These decisions are never easy and sometimes it's like rolling the dice (or $$).
by Rob54keep
Tue Oct 03, 2017 7:30 pm
Forum: Personal Consumer Issues
Topic: Do I replace AC evaporative coil or get a new unit?
Replies: 26
Views: 2223

Re: Do I replace AC evaporative coil or get a new unit?

The warranty on the current unit has expired (bumper). The warranty on the new evap. coil is one year parts & labor and 5 years on parts (cost to replace the coil after one year would be about $1k). I replaced a capacitor last year (lifetime warranty on that), No other problems with the unit up to t...