Search found 270 matches

by Rob54keep
Wed May 24, 2017 9:51 am
Forum: Investing - Help with Personal Investments
Topic: When should my MIL take SS?
Replies: 5
Views: 456

Re: When should my MIL take SS?

Assuming that her late husband had qualified for SS benefits, she can start taking reduced Survival Benefit at age 62. I would review the SS info available at the link below carefully as each situation is different and one answer doesn't fit everybody.

https://www.bogleheads.org/wiki/Social_Security
by Rob54keep
Sat May 20, 2017 6:49 pm
Forum: Personal Consumer Issues
Topic: What are your priorities for retirement?
Replies: 56
Views: 4950

Re: What are your priorities for retirement?

Retirement Priorities that I am already working on (semi-retired 2 years now) • Take care of my physically challenged spouse. Help her enjoy her remaining years by visiting places & friends. • Continue developing a healthy physical fitness routine that is at least 4 days/week. Maintain healthy a...
by Rob54keep
Sat May 20, 2017 6:31 pm
Forum: Investing - Help with Personal Investments
Topic: Will Vanguard Prime Money Market fund remain competitive with online banks?
Replies: 6
Views: 1310

Re: Will Vanguard Prime Money Market fund remain competitive with online banks?

At what interest rate is Prime MM a priority over FDIC insured online bank?
by Rob54keep
Sat May 20, 2017 6:27 pm
Forum: Personal Consumer Issues
Topic: Removing a Large TV - projector?
Replies: 7
Views: 592

Re: Removing a Large TV - projector?

I had a BIG tube tv in our master bedroom that worked great. Could not sell or give it away. I ended up wrestling it out of the house and taking to the local recycle center in our town. Even the local resale store in the are didn't want it! really is a shame but it is what it is.
by Rob54keep
Sat May 20, 2017 6:20 pm
Forum: Local Chapters and Bogleheads Community
Topic: Interest In forming North Texas Boglehead Group
Replies: 1
Views: 256

Interest In forming North Texas Boglehead Group

I am interested in forming of a Boglehead group in the Frisco/Prosper/McKinney TX area of North Texas (this is the new Jerry Jones territory) I know that there is a DFW Diehards but they meet at a location 25-30 miles from the area that we are located. Are there any other Bogleheads in this area tha...
by Rob54keep
Thu May 11, 2017 5:37 pm
Forum: Personal Finance (Not Investing)
Topic: Any experience with VRBO? [Vacation Rentals By Owner]
Replies: 19
Views: 3676

Re: Any experience with VRBO? [Vacation Rentals By Owner]

I recently had rented a house on VRBO and had the seller notify me that they were canceling my reservation because they were selling the property. I did get my refund but the owner kept the house on VRBO but at a higher rate now (a PGA tournament was in town). VRBO protected the owner but not the re...
by Rob54keep
Thu Apr 20, 2017 7:10 am
Forum: Personal Consumer Issues
Topic: Is my electric bill high?
Replies: 60
Views: 5486

Re: Is my electric bill high?

I live in north Texas so the summers are indeed hot. We have a home that is 2770 sq ft with 2 levels and 2 AC units (build in 2010). For the last 5 years we avg. 1272 kWh/mo with an avg costs of $155/mo (summers ~$200 and winters ~$90). I pay by using a 12 month avg billing so each month bill is alw...
by Rob54keep
Sun Apr 09, 2017 9:30 pm
Forum: Personal Finance (Not Investing)
Topic: Should I Pay some Estimated Taxes?
Replies: 14
Views: 1421

Re: Should I Pay some Estimated Taxes?

Many thanks to all for the comments!
by Rob54keep
Sun Apr 09, 2017 8:30 pm
Forum: Personal Finance (Not Investing)
Topic: Should I Pay some Estimated Taxes?
Replies: 14
Views: 1421

Re: Should I Pay some Estimated Taxes?

But if I am withholding taxes from March thru December to cover both the Roth conversion and the tIRA withdrawal, does it matter that 50% of the taxable income comes from Roth conversions in Jan thru March? I'm under the assumption that as long as my withholding covers all of the income for 2017, I ...
by Rob54keep
Sun Apr 09, 2017 3:23 pm
Forum: Personal Finance (Not Investing)
Topic: Should I Pay some Estimated Taxes?
Replies: 14
Views: 1421

Re: Should I Pay some Estimated Taxes?

In my case my income in lumpy but lumpy early in the year. The withholding taxes does cover both the lump (Roth conversions) and the monthly income (tIRA) for 2017.
by Rob54keep
Sun Apr 09, 2017 9:46 am
Forum: Personal Finance (Not Investing)
Topic: When to slow down.
Replies: 33
Views: 5299

Re: When to slow down.

Set some specific financial goals or milestones for 2017. But also have other goals such as physical, intellectual, social, spiritual etc. goals. Keeping a balance in life has always worked well for me.
by Rob54keep
Sun Apr 09, 2017 9:00 am
Forum: Personal Finance (Not Investing)
Topic: Should I Pay some Estimated Taxes?
Replies: 14
Views: 1421

Re: Should I Pay some Estimated Taxes?

Good point. My withholding taxes for 2017 will exceed my 2016 tax obligation. Actually it will be double that of that paid in 2016.
by Rob54keep
Sun Apr 09, 2017 8:46 am
Forum: Personal Consumer Issues
Topic: Online high school
Replies: 38
Views: 2479

Re: Online high school

As an educator that teaches on-line college courses, I find that the student's that do well are really self-motivated and organized. Most students perceive on-line courses to be easier but its actually harder because of the lack of face-to-face interaction. Most of the material I get back from stude...
by Rob54keep
Sun Apr 09, 2017 8:37 am
Forum: Personal Finance (Not Investing)
Topic: Should I Pay some Estimated Taxes?
Replies: 14
Views: 1421

Re: Should I Pay some Estimated Taxes?

I kinda felt that the withholding taxes would satisfy the taxman but I really don't like those IRS letters in the mail.
by Rob54keep
Sun Apr 09, 2017 7:43 am
Forum: Personal Finance (Not Investing)
Topic: Should I Pay some Estimated Taxes?
Replies: 14
Views: 1421

Should I Pay some Estimated Taxes?

I am seeking advice on whether I should pay one estimated tax payment this year (4/17/17). I did some partial Roth conversions in the first quarter of 2017. Then in March I started monthly tIRA payments (to me) with enough withholding taxes to cover both the Roth conversions and the tIRA payments fo...
by Rob54keep
Sun Feb 19, 2017 7:31 pm
Forum: Personal Consumer Issues
Topic: Any reason to delay using Turbotax to file taxes?
Replies: 13
Views: 1733

Re: Any reason to delay using Turbotax to file taxes?

I already received my refund (very small) using TT for 2016. No state just federal. No problems that I can see.
by Rob54keep
Sun Feb 19, 2017 7:28 pm
Forum: Investing - Theory, News & General
Topic: Primecap Admiral Fund VPMAX
Replies: 14
Views: 1433

Re: Primecap Admiral Fund VPMAX

I use this fund inside of a 401k for a growth component of my AA. A bit pricey but has performed nicely.
by Rob54keep
Sun Feb 19, 2017 7:10 pm
Forum: Local Chapters and Bogleheads Community
Topic: HAPPY 10TH BIRTHDAY BOGLEHEADS FORUM
Replies: 66
Views: 3974

Re: HAPPY 10TH BIRTHDAY BOGLEHEADS FORUM

Happy 10th! I have learned (and continue to learn) so much in the 9 years that I have been here. Than you to all of you for your help and patience along the way.
by Rob54keep
Fri Feb 17, 2017 7:08 pm
Forum: Investing - Help with Personal Investments
Topic: What to do with cash set aside for taxes next year?
Replies: 7
Views: 631

Re: What to do with cash set aside for taxes next year?

Would Capital Gains be treated the same as Taxable Income for that year? Would taxes be due during the year (est taxes) or upon tax filing time (1040)? Are there any other withholding taxes occurring during the year?
by Rob54keep
Tue Jan 31, 2017 3:57 pm
Forum: Investing - Theory, News & General
Topic: Are you changing your AA based on current events?
Replies: 68
Views: 3554

Re: Are you changing your AA based on current events?

No,,,full steam ahead as planned.
by Rob54keep
Sat Jan 07, 2017 7:53 am
Forum: Investing - Help with Personal Investments
Topic: Anybody else Age - 10 in bonds, rest in stocks
Replies: 58
Views: 4432

Re: Anybody else Age - 10 in bonds, rest in stocks

I'm close to that but it isn't my goal per Se:
Age 63, Retired,,,40 stocks /60 bonds(and a paid off house)
by Rob54keep
Thu Jan 05, 2017 11:34 am
Forum: Personal Finance (Not Investing)
Topic: Yet another reason to dislike Vanguard's "upgraded" accounts
Replies: 7
Views: 1224

Re: Yet another reason to dislike Vanguard's "upgraded" accounts

Has anyone experienced any problems with doing a Roth IRA recharacterization from these "upgraded" accounts?
by Rob54keep
Tue Jan 03, 2017 7:34 pm
Forum: Personal Finance (Not Investing)
Topic: You have 5-10 minutes to teach someone about personal finance
Replies: 54
Views: 4283

Re: You have 5-10 minutes to teach someone about personal finance

Spend less than you make - have a budget
Stay out of debt - especially credit cards
Invest early and often
Never try to time the market
Keep investment costs low - use Index Funds when possible
Diversify
Keep it simple
Stay the course
by Rob54keep
Tue Jan 03, 2017 1:08 pm
Forum: Personal Finance (Not Investing)
Topic: Valuation of Texas Oil lease
Replies: 4
Views: 367

Re: Valuation of Texas Oil lease

I am a petroleum geologist that has worked in the Permian/Midland Basin area. I would also look not only at the existing convention production potential (in terms of future monetary value) but also any further exploration upside that the area may have. That area has had an upsurge in production from...
by Rob54keep
Thu Dec 29, 2016 6:58 pm
Forum: Investing - Help with Personal Investments
Topic: How to minimize taxes, invest wisely at 21?
Replies: 16
Views: 1036

Re: How to minimize taxes, invest wisely at 21?

Maxing out the 403b will minimize your taxes but may create a cash flow problem for your budgeting purposes. I would do at least a 5% to the 403b (to capture the company match) and then max out your Roth IRA for 2017. If you then have available money from your budget, then go ahead and do more to th...
by Rob54keep
Fri Dec 23, 2016 4:31 pm
Forum: Personal Finance (Not Investing)
Topic: Your Retirement Number, or, calculating the funding ratio
Replies: 191
Views: 24247

Re: Your Retirement Number, or, calculating the funding ratio

So if we run this simple scenario through FireCalc we get a result of 100% success with an AA of 50%. Why the difference? "Larry wants a $70,000/year income in retirement, which will be 12 years from now. He estimates Social Security of $26,000/year. Therefore he will need $44,000/year from his...
by Rob54keep
Thu Dec 22, 2016 10:49 am
Forum: Investing - Help with Personal Investments
Topic: Planning for my mom's retirement from scratch
Replies: 5
Views: 905

Re: Planning for my mom's retirement from scratch

I assume she has medical insurance at her full-time job? Probably at a reasonable costs vs other options. What's the plan for her medical insurance before Medicare at 65 if she quits and does it fit into her budget? Working at least until 65 (and probably 70) may be necessary. Investment ideas are ok.
by Rob54keep
Sat Dec 17, 2016 6:26 pm
Forum: Investing - Help with Personal Investments
Topic: Planning for 2017, would love some thoughts!
Replies: 11
Views: 1363

Re: Planning for 2017, would love some thoughts!

Good start and no debt. Great! I assume the Taxable funds are partially earmarked for a future house? Perhaps not. If you are going to need this money in the next 5 years, I would caution against stocks. You could check out CD's at http://www.bankrate.com to fit your timeframe for saving for a house...
by Rob54keep
Sat Dec 03, 2016 10:52 am
Forum: Investing - Help with Personal Investments
Topic: Transferring 401k After Tax money to both Roth and tIRA
Replies: 4
Views: 323

Re: Transferring 401k After Tax money to both Roth and tIRA

Thank you for the vote of confidence on this transaction. I really don't like surprises come 1099-R/Tax time.
by Rob54keep
Sat Dec 03, 2016 8:51 am
Forum: Investing - Help with Personal Investments
Topic: Transferring 401k After Tax money to both Roth and tIRA
Replies: 4
Views: 323

Transferring 401k After Tax money to both Roth and tIRA

I am wanting to move some 401k after-tax money form my previous employers 401k (I am older than 59.5)to both a Roth and tiRA. Am I correct in stating that the contributions of that after-tax money can be directly rolled over to a Roth IRA and the earnings directly rolled over to a tIRA all in one tr...
by Rob54keep
Wed Nov 16, 2016 1:21 pm
Forum: Investing - Help with Personal Investments
Topic: Is life insurance and disability insurance a scam?
Replies: 18
Views: 2842

Re: Is life insurance and disability insurance a scam?

If you are married (and possible kiddos) you definitely need both. BUT buy only term life insurance NOT whole or universal type of life insurance. You can check online for for 30 year term policies. Do you work for an employer that may offer these?
by Rob54keep
Wed Nov 16, 2016 7:55 am
Forum: Personal Finance (Not Investing)
Topic: [Spouses with no interest in investing]
Replies: 62
Views: 6432

Re: spouses that careless about investing

We have been married for 38 years and my wife is just not interested (the eyes glaze over quickly) in financial discussions. However, it has forced me to simplify our investments over the years and to have a good paper trail in the event I depart before her. She also has agreed to sit down and liste...
by Rob54keep
Sat Nov 05, 2016 7:25 am
Forum: Investing - Help with Personal Investments
Topic: Now Married - Help Resetting Allocation and No Retirement Savings
Replies: 21
Views: 2280

Re: Now Married - Help Resetting Allocation and No Retirement Savings

You can also contribute to a Spousal IRA for your wife (Traditional or Roth depending on your tax situation). The limit for her IRA in 2016 is $5500. http://www.fool.com/retirement/general/2016/03/29/spousal-ira-rules-for-couples-in-2016.aspx https://www.bogleheads.org/forum/viewtopic.php?f=2&t=...
by Rob54keep
Tue Nov 01, 2016 10:07 am
Forum: Personal Consumer Issues
Topic: Texas [road trip]
Replies: 63
Views: 4653

Re: Texas

If you are going to be near the Houston area, I always enjoyed Brazos Bend State Park. Here you can visit multiple 10 foot alligators throughout the park. Of course keep your pet poodle in the RV. Also the bass fishing is fairly good.
by Rob54keep
Wed Oct 19, 2016 7:00 pm
Forum: Personal Consumer Issues
Topic: Anyone found a good replacement for TaxCaster since Intuit screwed it up?
Replies: 11
Views: 1334

Re: Anyone found a good replacement for TaxCaster since Intuit screwed it up?

I use my regular tax software. Start with my last return and make a few adjustments to reflect new info.
+1
by Rob54keep
Wed Oct 12, 2016 10:08 am
Forum: Investing - Help with Personal Investments
Topic: exchange IRA to Roth
Replies: 5
Views: 375

Re: exchange IRA to Roth

When you do a Roth conversion from a Traditional IRA you can put those transferred funds into any mutual fund that you desire. You will need to open up a new Roth account to do the transaction. This is a taxable event (also increases your Taxable Income for that year). Ideally you pay the tax from o...
by Rob54keep
Mon Oct 10, 2016 9:09 am
Forum: Investing - Help with Personal Investments
Topic: A Retiree's Conundrum - Can you help?
Replies: 21
Views: 3937

Re: A Retiree's Conundrum - Can you help?

I know this wasn't your question, but if a large portion is in tax-deferred you will have a large RMD due at 70.5. You may want to consider possible Roth conversions (partial) keeping in mind the tax, social security, Medicare consequences of that increase in taxable income.
by Rob54keep
Sat Oct 08, 2016 11:59 am
Forum: Personal Consumer Issues
Topic: Retirees: What are your passions?
Replies: 56
Views: 7094

Re: Retirees: What are your passions?

Not in any particular order:

1. Teaching college geology
2. Spending more time with wife
3. More active in church activities
4. At the Fitness Center 5 days/week
5. Up to speed on tax issues/spending levels
6. Being available for grand-kids
7. Fishing/Hunting
8. Traveling when and where I want to
by Rob54keep
Fri Oct 07, 2016 12:12 pm
Forum: Personal Consumer Issues
Topic: Luxury Cars - Am I missing out on creature comforts by not driving one?
Replies: 92
Views: 8037

Re: Luxury Cars - Am I missing out on creature comforts by not driving one?

Even thought I can afford it, I have no desire to spend that kind of $$ on a depreciating asset. I guess I don't commute any more so driving around town doesn't require mega-luxury for me. I enjoy parking wherever I want. I kinda view high end luxury cars repulsive in a way.
by Rob54keep
Thu Oct 06, 2016 2:28 pm
Forum: Personal Finance (Not Investing)
Topic: health care Early Retirement
Replies: 21
Views: 3413

Re: health care Early Retirement

Our medical expenses unfortunately are very high. Good news is that we have good insurance for our needs (two of us only). This year we will spend about $25k that includes premiums, and out of Pocket expenses (also included expenses for dental and vision where we have no insurance) We cash flow all ...
by Rob54keep
Wed Oct 05, 2016 2:07 pm
Forum: Investing - Help with Personal Investments
Topic: Checkup - Here We Go...
Replies: 6
Views: 718

Re: Checkup - Here We Go...

Nice to see 22 year olds actually do some planning. I wouldn't be concerned about retiring at 50 as much as contributing having a goal of contributing 15% towards a retirement. Focus on career fulfillment, family and life and follow a simple but consistent savings approach and stay out of debt. Don'...
by Rob54keep
Thu Sep 29, 2016 10:30 am
Forum: Investing - Help with Personal Investments
Topic: Retirement plan/portfolio checkup
Replies: 17
Views: 1710

Re: Retirement plan/portfolio checkup

I assume you have no kiddos yet but $500k of term life seems kinda low to me. Also the price seems high for a 32 year old.
by Rob54keep
Thu Sep 29, 2016 10:09 am
Forum: Personal Finance (Not Investing)
Topic: Retirement based on not on #, but healthcare?
Replies: 62
Views: 4855

Re: Retirement based on not on #, but healthcare?

I did. However it was only one of many milestones that led to my decision to leave the corporate world. Once I had enough years of service/age my retiree health insurance cost was then well within my retirement budget. The "#" however was equally as important. No obamacare for me.
by Rob54keep
Tue Sep 27, 2016 9:32 am
Forum: Investing - Help with Personal Investments
Topic: Retirement planning advice for mom age 65
Replies: 7
Views: 786

Re: Retirement planning advice for mom age 65

Looking at this scenario in Firecalc, it looks OK with stock allocation from 40 to 60%. RMD's from tIRA's currently would be around $25k/year. I would consider delaying SS as long as possible or taking spousal/survival benefits first and then her own at 70 (if possible based on her health). http://w...
by Rob54keep
Fri Sep 09, 2016 1:59 pm
Forum: Personal Finance (Not Investing)
Topic: Vanguard 8/17/16 Article: "A New Approach to Retirement Spending"
Replies: 31
Views: 3234

Re: Vanguard 8/17/16 Article: "A New Approach to Retirement Spending"

Interesting. I felt the same way after reviewing it. It hit me right between the eyes when I heard them say it was too complicated for most. Really??? Its not. Basically it's similar approach/advice that I've seen on MStar (floor & ceiling spending levels) and is basically setting up guardrails ...
by Rob54keep
Wed Sep 07, 2016 8:27 am
Forum: Personal Finance (Not Investing)
Topic: How to Think About Money?
Replies: 39
Views: 4829

Re: How to Think About Money?

It’s good to have money and the things that money can buy, but it’s good, too, to check up once in a while and make sure that you haven’t lost the things that money can’t buy. –George Lorimer To me the danger of having enough money is that we can feel that we are self-sufficient when in reality we n...
by Rob54keep
Mon Sep 05, 2016 7:28 pm
Forum: Investing - Help with Personal Investments
Topic: Cannot sell my MLP fund. Am I anchoring? I think I am anchoring.
Replies: 47
Views: 3669

Re: Cannot sell my MLP fund. Am I anchoring? I think I am anchoring.

Is there a reason why you bought this in the first place? Was this fun money and not part of your core investments? Nevertheless the ER (2.25%) is way too high.
by Rob54keep
Thu Aug 18, 2016 6:21 am
Forum: Investing - Help with Personal Investments
Topic: Portfolio diversification recommendations
Replies: 3
Views: 586

Re: Portfolio diversification recommendations

Most Bogleheads will recommend an International equity exposure anywhere from 0% to about 40%. Most are probably are in the 10-30% range. Yes....moving the Franklin Funds to lower costs index funds is a must. I would try and keep it as simple as possible with 3-4 funds (Total Stock Index, Total Inte...
by Rob54keep
Thu Aug 18, 2016 6:06 am
Forum: Investing - Help with Personal Investments
Topic: Portfolio / Financial Health Checkup
Replies: 7
Views: 1004

Re: Portfolio / Financial Health Checkup

Thanks for the information. So these funds are inside a tax deferred annuity. These monies were moved (direct transfer) from a SIMPLE IRA into your employer tax deferred annuity? I guess I was assuming you work for NW Mutual but that may not be the case? If that is the case, they do have a 401k plan...
by Rob54keep
Tue Aug 16, 2016 8:26 am
Forum: Investing - Theory, News & General
Topic: Knowing what you know now...
Replies: 22
Views: 2817

Re: Knowing what you know now...

Knowing what I know now? Of course,,,I would do many things differently but I probably wouldn't have had the money to do financial things much differently. For me, having key mentors along the way provided a smoother maturing process and many opportunities. I don't think you can short-cut too much. ...

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