Search found 264 matches

by Rob54keep
Thu Apr 20, 2017 7:10 am
Forum: Personal Consumer Issues
Topic: Is my electric bill high?
Replies: 58
Views: 4517

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: 1335

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: 1335

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: 1335

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: 5113

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: 1335

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: 2302

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: 1335

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: 1335

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: 1695

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: 1340

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: 3747

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: 593

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: 3464

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: 4219

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: 1205

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: 4201

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: 358

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: 1012

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: 23284

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: 886

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: 1332

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: 310

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: 310

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: 2600

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: 6352

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: 2217

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: 4546

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: 1321

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: 366

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: 3892

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: 7001

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: 7962

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: 3346

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: 696

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: 1686

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: 4813

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: 768

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: 3183

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: 4700

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: 3582

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: 572

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: 963

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: 2786

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. ...
by Rob54keep
Mon Aug 15, 2016 9:25 am
Forum: Investing - Help with Personal Investments
Topic: Change needed and baby on the way
Replies: 9
Views: 1388

Re: Change needed and baby on the way

Not sure if your emergency cash is also included in your Taxable assets or are they separate? Nevertheless with a baby arriving I would keep a very healthy cash position until the dust settles after the birth. After that, only keep low cost Stock Index and Muni Bond funds in your taxable (esp. at yo...
by Rob54keep
Mon Aug 15, 2016 9:09 am
Forum: Personal Finance (Not Investing)
Topic: Self-made Millionaires: how did hitting 7 figures change you?
Replies: 304
Views: 45695

Re: Self-made Millionaires: how did hitting 7 figures change you?

It really meant very little at the time. A milestone perhaps but not the finish line. It did force me to think about when is enough,,,enough. Hoarding should never be the goal but having the sense of financial independence and the ability to bless others is a nice freedom.
by Rob54keep
Sat Aug 13, 2016 4:54 pm
Forum: Personal Consumer Issues
Topic: Do you wash your car yourself, or have it done?
Replies: 96
Views: 6844

Re: Do you wash your car yourself, or have it done?

It depends on which vehicle and what time of year it is.
My car...no problem doing it myself when the weather is not too hot.
My truck....I take it to a $5 car wash and have it done but then I take it home and wax myself 2x/year.
by Rob54keep
Sat Aug 13, 2016 10:12 am
Forum: Investing - Help with Personal Investments
Topic: Portfolio / Financial Health Checkup
Replies: 7
Views: 963

Re: Portfolio / Financial Health Checkup

Not sure of the NW Mutual comments. Variable annuity option in a tax-tax-deferred account? Expense ratios of these funds?
So the total percent that you are saving towards retirement is what?
by Rob54keep
Sat Aug 13, 2016 8:04 am
Forum: Investing - Help with Personal Investments
Topic: Spousal IRA question
Replies: 9
Views: 841

Re: Spousal IRA question

It probably does make sense to do a Roth. However do you have sufficient after-tax monies to use for budget, Roth conversions etc. after he retires?
by Rob54keep
Mon Aug 08, 2016 8:40 am
Forum: Personal Finance (Not Investing)
Topic: Out of Network Provider Bill
Replies: 9
Views: 736

Re: Out of Network Provider Bill

In similar situations, I have asked the doctor to submit via the facility (hospital) which is then In-Network and it worked out ok. If he/she refuses then I guess it is what you can negotiate with them.

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