Search found 314 matches

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: 1766

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: 1766

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: 1766

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: 1766

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: 1766

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: 1766

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: 1766

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: 1766

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: 1766

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: 1766

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: 1766

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: 1766

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: 4568

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: 8083

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: 8083

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: 260
Views: 20014

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: 2787

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: 2927

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: 1020

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: 1020

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: 1020

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: 1020

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: 1449

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: 1449

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: 6077

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: 16483

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: 12293

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: 7280

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: 2010

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: 2010

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: 2010

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: 2010

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: 2010

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: 2010

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...
by Rob54keep
Tue Oct 03, 2017 6:45 pm
Forum: Personal Consumer Issues
Topic: Do I replace AC evaporative coil or get a new unit?
Replies: 26
Views: 2010

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

My AC is 7 years old (live in Texas). The evaporative coil has a bad leak and does not hold refrig. and thus will not cool properly. The estimate to replace parts & labor is $3k. A new unit will probably costs $6-8k depending on the type unit. If the unit was 10 years or older I would automatically ...
by Rob54keep
Wed Sep 27, 2017 9:39 am
Forum: Personal Consumer Issues
Topic: Shower heads, recent experience?
Replies: 18
Views: 1867

Re: Shower heads, recent experience?

I recently bought a Speakman Anystream 360 shower head and really like it (about $35 Amazon). I had used one at a hotel the week before. It's a rather large head but gives me the water volume that I like.
by Rob54keep
Tue Sep 26, 2017 8:27 am
Forum: Personal Consumer Issues
Topic: Do you avoid risky adventures once you have the money?
Replies: 71
Views: 4539

Re: Do you avoid risky adventures once you have the money?

Now that I am in my 60's, I do avoid or shall I say I am more careful on risky adventures,,,but not because of my net worth. I find that I am still able to do most activities I did in my 20's and 30's but I tend be be less agile and thus more susceptible to falls etc. I don't ride my bike in busy ar...
by Rob54keep
Fri Sep 22, 2017 7:01 am
Forum: Investing - Theory, News & General
Topic: Retirees, what is your marginal tax rate?
Replies: 102
Views: 11014

Re: Retirees, what is your marginal tax rate?

Before retirement was in the 33% club, for 2016 taxes, I in am in the 15%. I would be in the 0% but Roth conversions take me to the top of the 15%.
For 2017, who knows?
by Rob54keep
Sun Sep 03, 2017 7:16 am
Forum: Personal Consumer Issues
Topic: Does anyone use Driving Shoes?
Replies: 40
Views: 4467

Re: Does anyone use Driving Shoes?

I use to drive long distances and I found that a soft leather, flat slip-on show worked well for me. I used the leather Sperry Topsider slip-on for men.
by Rob54keep
Fri Aug 04, 2017 12:11 pm
Forum: Investing - Theory, News & General
Topic: Retirement Income Certified Professional
Replies: 3
Views: 626

Retirement Income Certified Professional

Anyone have comments/experiences with this certification of RICP (of American College of Financial Services) that states: RICP® prepares you help clients obtain a secure retirement. This designation equips advisors with the knowledge to effectively manage the transition from asset accumulation durin...
by Rob54keep
Tue Aug 01, 2017 8:26 am
Forum: Investing - Theory, News & General
Topic: Has the "bond bubble" caused you to change your allocation?
Replies: 90
Views: 10857

Re: Has the "bond bubble" caused you to change your allocation?

It has caused me to keep about 1/3 of my bond AA in a Stable Fund. The fund has an ER of 0.33 and that irritates me but it still has a yield of 2.3%. The remainder still stays in short-medium high grade bond funds with very low ER's.
by Rob54keep
Sat Jun 10, 2017 3:01 pm
Forum: Personal Consumer Issues
Topic: College admissions question - she got a "C"
Replies: 100
Views: 10355

Re: College admissions question - she got a "C"

This brings back old memories for me. When I was back in college I got a C in an advanced calculus course. At the time, it was a victory for me as I am not a math major. It never affected me getting into graduate school as the grade was not in my major which was geology. However, when I started appl...
by Rob54keep
Thu Jun 08, 2017 10:09 pm
Forum: Investing - Theory, News & General
Topic: Retirees: What are you doing about withdrawing?
Replies: 31
Views: 5107

Re: Retirees: What are you doing about withdrawing?

Now at age 63. I withdraw from my 401k monthly along with some after tax funds. I am also doing Roth conversions up to the top of the 15% bracket. Taxes are covered by withholding from the 401k withdrawals. I rebalance to 40/60 and that allows me to sleep so good. Awaiting any tax changes in Congres...
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: 669

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: 6520

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 annua...
by Rob54keep
Sat May 20, 2017 6:27 pm
Forum: Personal Consumer Issues
Topic: Removing a Large TV - projector?
Replies: 7
Views: 998

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: 11
Views: 1449

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: 4153

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...