Search found 344 matches

by djmbob
Wed Aug 07, 2019 2:20 pm
Forum: Personal Investments
Topic: Is anyone here allocated 30/70 a la Rick Ferri's "new center of gravity?"
Replies: 45
Views: 11052

Re: Is anyone here allocated 30/70 a la Rick Ferri's "new center of gravity?"

Thanks Blue's and Doc!... agree, I would mostly move R/TIRA funds. Want to keep out of cap gains because I am hoping to do large (for me at least) conversion to Roth to try to reduce the tax bite when we start drawing SS and IRAs on top of military pension. We have a Vanguard Charitable account whic...
by djmbob
Wed Aug 07, 2019 8:32 am
Forum: Personal Investments
Topic: Is anyone here allocated 30/70 a la Rick Ferri's "new center of gravity?"
Replies: 45
Views: 11052

Re: Is anyone here allocated 30/70 a la Rick Ferri's "new center of gravity?"

This thread has really caught my attention. Currently 50/50 overall - 60/40 US/Int stock and 84/16 US/Int bond... with 73% of bonds in TSP G. ~$870K portfolio. I have a military pension and disability that bring in $5,761/mo COLA'd (after taxes and SBP) and with Spouse's work an extra $2,450 /mo (af...
by djmbob
Fri Aug 02, 2019 9:32 am
Forum: Personal Finance (Not Investing)
Topic: USAA suspects credit card may have been compromised
Replies: 17
Views: 1614

Re: USAA suspects credit card may have been compromised

Best defense is to freeze your credit and look at your statements as soon as they come in.
Freezing credit is easy these days (as is lifting freeze when needed).

Also, I use Quicken and download updates every morning so it is easy to see if anything unusual pops up.

Cheers,
Ray
by djmbob
Mon Jun 10, 2019 5:56 pm
Forum: Personal Finance (Not Investing)
Topic: Small Lifetime Learning Credit Worth It?
Replies: 2
Views: 341

Re: Small Lifetime Learning Credit Worth It?

Thank you mcraepat9, yes, I guess that is another way to ask my question.
Cheers
Ray
by djmbob
Mon Jun 10, 2019 4:07 pm
Forum: Personal Finance (Not Investing)
Topic: Small Lifetime Learning Credit Worth It?
Replies: 2
Views: 341

Small Lifetime Learning Credit Worth It?

We have a small upcoming tuition payment of $1500 due for a qualified course my spouse is taking next week. We have two options we can take: a) Claim the 20% Lifetime Learning Credit and have an income tax credit of $300, or b) Pay the tuition from spouse's 529 plan. Other factors: taking another co...
by djmbob
Thu May 30, 2019 2:08 pm
Forum: Personal Investments
Topic: Retired Thinking Thru Conversion Strategy
Replies: 10
Views: 1419

Re: Retired Thinking Thru Conversion Strategy

Wow! Thank you, dratkinson!! I will definitely look at the Excel1040. That route may be a bit easier for me than the Retiree Portfolio Model. I will respond back on how that goes. Towards the end of my conversion process, I might leave a couple years' worth of RMDs in Traditional to use for Qualifie...
by djmbob
Wed May 29, 2019 3:03 pm
Forum: Personal Investments
Topic: Retired Thinking Thru Conversion Strategy
Replies: 10
Views: 1419

Re: Retired Thinking Thru Conversion Strategy

Thank you, retiredjg! I went back and edited my post to spell out Retiree Portfolio Model (RPM). I agree ideal time is when my Spouse retires but I really have no clue and he can work well into his 70's (clergy). Will watch that IRMAA limit. I will also check on what the TSP conversion rules will be...
by djmbob
Wed May 29, 2019 2:24 pm
Forum: Personal Investments
Topic: Retired Thinking Thru Conversion Strategy
Replies: 10
Views: 1419

Retired Thinking Thru Conversion Strategy

I should have started this eight years ago after I retired, but here I am now. Age: 61, retired Air Force + Spouse: 56, works part time/in school part time My TSP (G Fund) $315K; Spouse TIRA $133K and 403b $16K (+100/mo) My AF pension keeps us pretty far up the 12% bracket and will continue to incre...
by djmbob
Mon Feb 04, 2019 10:17 pm
Forum: Personal Finance (Not Investing)
Topic: H&R Block Efile Error for Retired Military in Oklahoma
Replies: 6
Views: 360

Re: H&R Block Efile Error for Retired Military in Oklahoma

Actually 123. After doing my state return, I noticed it was way too good to be true so went digging for an answer.
Cheers,
Ray :sharebeer
by djmbob
Mon Feb 04, 2019 7:17 pm
Forum: Personal Finance (Not Investing)
Topic: H&R Block Efile Error for Retired Military in Oklahoma
Replies: 6
Views: 360

Re: H&R Block Efile Error for Retired Military in Oklahoma

I'll take your bet, Livesoft!
My other thought was just to go with the flow and have Block pay the penalties and interest when it is found by OK... but I'm too type-A for that.
Cheers!
Ray
by djmbob
Mon Feb 04, 2019 7:01 pm
Forum: Personal Finance (Not Investing)
Topic: H&R Block Efile Error for Retired Military in Oklahoma
Replies: 6
Views: 360

H&R Block Efile Error for Retired Military in Oklahoma

H&R Block Deluxe has a flaw in correctly calculating Oklahoma State Income Tax returns for Retired Military. OK allows 75%, up to $10K of your military retirement, to be state income tax free. However, the program calculates the 75% on the retirement pay you enter, but does not apply the $10K thresh...
by djmbob
Sun Jan 13, 2019 10:16 pm
Forum: Personal Consumer Issues
Topic: Fantastic Resort Recommendations???
Replies: 38
Views: 4506

Re: Fantastic Resort Recommendations???

Grand Luxxe at the Vidanta Resorts in either Nuevo Vallarta or Riviera Maya MX!
https://www.vidanta.com/

Enjoy!
Ray
by djmbob
Mon Jan 07, 2019 8:55 am
Forum: Personal Investments
Topic: Contribute to 403b while Converting TIRA to Roth?
Replies: 3
Views: 254

Re: Contribute to 403b while Converting TIRA to Roth?

Thank you, lakpr and fivek. The 403b is with Vanguard, so I will check to see if TIRA can be rolled there... TIRA and Roth also at Vanguard (only thing outside V is TSP account). I don't know if I can set up another 403b as a Roth, so will check... I seem to remember when it was set up several years...
by djmbob
Sun Jan 06, 2019 10:25 pm
Forum: Personal Investments
Topic: Contribute to 403b while Converting TIRA to Roth?
Replies: 3
Views: 254

Contribute to 403b while Converting TIRA to Roth?

Does it make sense to contribute to a 403b while also converting funds from TIRA to Roth? Main goal is to convert to move taxable IRA assets into Roth over the next several years to lower future MRDs/taxes. Could stop 403b contributions. Adding to taxable retirement account while trying to lower tax...
by djmbob
Sat Dec 22, 2018 10:15 am
Forum: Personal Investments
Topic: Roth Conversion in a down market?
Replies: 9
Views: 1261

Re: Roth Conversion in a down market?

My Roth conversions simply bring my AGI up to about what it will be in 2020 when I start maximal SS and RMDs Never considered this before, but an interesting idea. I just did my first ever $8K conversion Friday to bring me within $1K of the top of 12%. But with ongoing military COLAs, and SS and RM...
by djmbob
Sun Nov 04, 2018 5:52 pm
Forum: Personal Investments
Topic: Help With Deciding to Start TSP Withdrawals/IRA Conversions
Replies: 7
Views: 746

Re: Help With Deciding to Start TSP Withdrawals/IRA Conversions

Thanks Watty, Fishing, and heyyou. Lots of moving parts to think about in the next 30 days to effect any changes for this tax year! It would be easy for us to stop the 403b. While it leaves more for Roth conversions, we are also putting more into another qualified plan that will require taxes on 100...
by djmbob
Sat Nov 03, 2018 2:07 pm
Forum: Personal Investments
Topic: Help With Deciding to Start TSP Withdrawals/IRA Conversions
Replies: 7
Views: 746

Re: Help With Deciding to Start TSP Withdrawals/IRA Conversions

Thanks for your replies. A spreadsheet is a great idea! On the Annuity, I knew it wouldn't get stepped-up, but assumed I would owe tax on all withdrawals, so only the gains is better news. Many years ago, I moved my TIRA into the TSP to be able to have more in the G Fund (TSP is all G), and on hinds...
by djmbob
Sat Nov 03, 2018 10:24 am
Forum: Personal Investments
Topic: Help With Deciding to Start TSP Withdrawals/IRA Conversions
Replies: 7
Views: 746

Help With Deciding to Start TSP Withdrawals/IRA Conversions

Am trying to decide if I should start taking withdrawals from my TSP this year or converting Spouse's Trad IRA. Key concern is my upcoming anticipated inheritance mandatory taxable withdrawals. Background: My Age 60; retired military; married (Spouse 55); Spouse works, minimal income; Oklahoma proje...
by djmbob
Wed Jan 31, 2018 9:18 pm
Forum: Personal Consumer Issues
Topic: Your favorite beach vacation destination?
Replies: 64
Views: 6828

Re: Your favorite beach vacation destination?

Riviera Maya, Mexico... between Cancún and Playa del Carmen.
Great beaches, beautiful, wonderful historical sites, cenotes(!), Cirque du Soleil dinner theater now, and Cirque theme park opening later this year!
We are here as I write this.
¡Excellente!
Cheers,
Ray
by djmbob
Thu Jan 18, 2018 11:10 pm
Forum: Personal Finance (Not Investing)
Topic: Lifetime learning tax credit..whats the catch?
Replies: 14
Views: 1491

Re: Lifetime learning tax credit..whats the catch?

Thanks, DIFAR31... that's GREAT news! Aww, too bad I used my 529 plan to pay this semesters tuition. :oops:
Cheers,
Ray
by djmbob
Thu Jan 18, 2018 10:18 pm
Forum: Personal Finance (Not Investing)
Topic: Lifetime learning tax credit..whats the catch?
Replies: 14
Views: 1491

Re: Lifetime learning tax credit..whats the catch?

Ummm, doesn't the Lifetime Learning Credit go away with 2017...and get rolled into the American Opportunity Credit, but with much more stringent parameters, like not applicable for Grad school?
Ray
by djmbob
Sat Dec 09, 2017 10:13 pm
Forum: Personal Consumer Issues
Topic: Echo Dot 2nd Gen: What do I do with this gift?
Replies: 12
Views: 1680

Re: Echo Dot 2nd Gen: What do I do with this gift?

I bought this as a present for my mom's 90th birthday this month. She LOVES it! Raves every time I call (which is a lot), tells her friends and everyone. Keeps her a lot of company in her retirement home. She asks it to play music, weather, games, audiobook reading, news... I even sent her a list of...
by djmbob
Thu Nov 30, 2017 9:08 am
Forum: Personal Consumer Issues
Topic: After financial independence, do you lose motivation for work?
Replies: 156
Views: 14935

Re: After financial independence, do you lose motivation for work?

I retired from "work" = military over 34 years.
But now I work a combined full time job (plus) for 5 non-profit organizations. No pay, couldn't be more satisfied!
Cheers, Ray
by djmbob
Fri Nov 17, 2017 9:47 pm
Forum: Investing - Theory, News & General
Topic: TSP Modernization Act Signed Into Law
Replies: 22
Views: 5179

Re: TSP Modernization Act Signed Into Law

Yeah! Finally some common sense is applied!
Celebrating!
Next we we need to be able to make conversions from Traditional TSP to Roth TSP.
Cheers,
:sharebeer Ray
by djmbob
Thu Nov 16, 2017 10:20 pm
Forum: Personal Consumer Issues
Topic: Windows 10/Edge Conflicts
Replies: 12
Views: 1357

Re: Windows 10/Edge Conflicts

I mainly use Edge, and I have add-on applications I run like LastPass and Ghostery.
BUT, I do have problems with some websites not being able to run using Edge, so use Chrome as my alternate when those situations arise.
Cheers, Ray
by djmbob
Thu Nov 16, 2017 6:59 pm
Forum: Personal Finance (Not Investing)
Topic: Quicken 2018 for Mac [and PC Released]
Replies: 47
Views: 10019

Black Friday Staples Re: Quicken 2018 for Mac [and PC Released]

Here is the Staples Black Friday info: This year Staples has three different versions of Quicken software featured in their Black Friday ad: Quicken Deluxe 2018 on sale for $47.99 (normally $79.99), Quicken Premier 2018 on sale for $71.99 (normally $119.99), and Quicken Home, Business & Rental Prope...
by djmbob
Sun Nov 12, 2017 8:02 am
Forum: Personal Finance (Not Investing)
Topic: H&R Block Software
Replies: 132
Views: 16640

Re: H&R Block Software

Thanks a million, DarkNyte!
Cheers,
Ray :sharebeer
by djmbob
Mon Oct 09, 2017 1:06 pm
Forum: Forum Issues and Administration
Topic: Getting Malwarebytes warnings on this site
Replies: 18
Views: 4270

Re: Getting Malwarebytes warnings on this site

In support of JBTX, during this current browsing session, Malwarebytes popped up twice with a message "Malicious website blocked"... but I was still able to keep browsing posts.
Cheers
Ray
by djmbob
Wed Oct 04, 2017 8:13 pm
Forum: Personal Consumer Issues
Topic: accounting software for churches?
Replies: 24
Views: 2727

Re: accounting software for churches?

Have used Powerchurch for 8 years and when I demonstrated to three other churches in our Communion (and the national office), they were so impressed they switched from quickbooks to Powerchurch. Its made for churches, not business. Tracks members and visitors, links to contributions and giving, link...
by djmbob
Sun Sep 17, 2017 3:00 pm
Forum: Personal Consumer Issues
Topic: USAA 2.5% Cash Back Credit Card
Replies: 278
Views: 60340

Re: USAA 2.5% Cash Back Credit Card

:annoyed
Not showing up in my credit card products either, in Oklahoma.
Interestingly, my Mom in Maryland received an invitation for the card earlier this past week.(??)
Oh, well, back to holding my breath again!
<Sigh>
Ray
(37 year USAA member)
by djmbob
Thu Sep 14, 2017 9:17 pm
Forum: Personal Consumer Issues
Topic: US removing Kaspersky Antivirus from government computers
Replies: 38
Views: 4903

Re: US removing Kaspersky Antivirus from government computers

Last spring I searched for an American Company and found Malwarebytes and switched from AVG... it's based in CA.
Cheers,
Ray
by djmbob
Fri Sep 08, 2017 9:31 pm
Forum: Personal Consumer Issues
Topic: USAA 2.5% Cash Back Credit Card
Replies: 278
Views: 60340

Re: USAA 2.5% Cash Back Credit Card

Savings$,
My USAA credit cards both show up on all my credit reports, plus my old closed USAA cc's from years past.
Cheers,
Ray
by djmbob
Thu Sep 07, 2017 12:20 pm
Forum: Personal Consumer Issues
Topic: USAA 2.5% Cash Back Credit Card
Replies: 278
Views: 60340

Re: USAA 2.5% Cash Back Credit Card

Wow! Thanks so much Victoria!!
I have been holding my breath and am pretty black and purple now! :D
Cheers,
Ray
by djmbob
Thu Sep 07, 2017 8:51 am
Forum: Investing - Theory, News & General
Topic: Good Article on Retirement Investing and Withdrawals
Replies: 7
Views: 1784

Good Article on Retirement Investing and Withdrawals

Saw a good article on retirement investing and withdrawals on CNN.com this morning.
Offering it to others for it's perspective.

"A Simple but Effective Retirement Income Plan"
http://money.cnn.com/2017/09/06/retirem ... -stack-dom

Cheers,
Ray
by djmbob
Tue Sep 05, 2017 10:02 pm
Forum: US Chapters
Topic: [Virtual online chapter - Master thread]
Replies: 114
Views: 30685

Re: [Virtual online chapter - Master thread]

To record a zoom session, the host clicks on the Record button at the bottom toolbar. All participants can see in the top left of their screen that the session is being recorded. Some participants can also call into the session, their face does not appear on the screen, only their number, but others...
by djmbob
Sun Aug 06, 2017 8:18 am
Forum: Investing - Theory, News & General
Topic: Vanguard 403b Changes
Replies: 191
Views: 30616

Re: Vanguard 403b Changes

What burns me about the Vanguard action is lack of transparency. I convinced my church to initiate a Vanguard 403b plan for church employees 6 months ago in March. Never a word was said that Vanguard was in the process of making such a move. Yes, a notch (or two) down for me too. :x
by djmbob
Sat Jul 15, 2017 4:23 pm
Forum: Personal Finance (Not Investing)
Topic: Social Security Trust Fund Update
Replies: 8
Views: 1264

Social Security Trust Fund Update

http://money.cnn.com/2017/07/13/news/economy/social-security-trust-fund-projection/index.html So saw on CNN that: ""The SS Trustees projected that the Social Security trust fund will be tapped out by 2034." So will be 60 this December 31st, and at first I thought, gee, maybe I should take SS early ...
by djmbob
Mon Mar 27, 2017 8:44 pm
Forum: Personal Consumer Issues
Topic: Geico insurance rate increase: 26.24% APY?
Replies: 75
Views: 18210

Re: Geico insurance rate increase: 26.24% APY?

We had a very lengthy thread on this a while back. viewtopic.php?t=167811 All interesting discussions as I have been with USAA for over 36 years. Question: If insurers use credit scores to price your policies, do you take a hit on your credit score from each company you receive a quote? Thanks in a...
by djmbob
Sat Mar 25, 2017 3:34 pm
Forum: Personal Investments
Topic: Fund 403b and concurrently convert TIRA to Roth?
Replies: 2
Views: 282

Re: Fund 403b and concurrently convert TIRA to Roth?

Thanks JG, For FITW purposes, I am guessing that we are already at the lowest income point since my mil retirement will (hopefully) continue to increase. Spouse income was nearly 100% housing allowance, FIT-free, with only self-employed (15%) taxes... we decided to take from that type of income to s...
by djmbob
Sat Mar 25, 2017 3:28 pm
Forum: Personal Investments
Topic: Milestone Review of Portfolio & Increasing Income
Replies: 2
Views: 565

Re: Milestone Review of Portfolio & Increasing Income

Thanks, Krow! We did think about that a bit. We are taking the $1K from what was originally being paid as housing allowance. The housing is FIT tax-free and only subject to self employment taxes of 15% for FICA, so will already be paying a bit more in future taxes (25-28%) when we withdraw from the ...
by djmbob
Sat Mar 25, 2017 1:27 pm
Forum: Personal Investments
Topic: Fund 403b and concurrently convert TIRA to Roth?
Replies: 2
Views: 282

Fund 403b and concurrently convert TIRA to Roth?

Spouse will start contributions to Vanguard 403b this month at $1K/mo. Also has an existing TIRA at Vanguard with $125K. Wondering whether it would be a good idea to annually convert an equal amount of 403b contributions from the TIRA to the Roth since tax effect would be a wash. Or just take the re...
by djmbob
Fri Mar 24, 2017 5:08 pm
Forum: Investing - Theory, News & General
Topic: TSP, G Fund and the Debt Ceiling
Replies: 8
Views: 1965

Re: TSP, G Fund and the Debt Ceiling

is there any way that congress, the president, or anyone else in D.C. can do something to prevent the G Fund from being made whole Remember the TSP (and G Fund) is used by members of Congress and their staffers... from that perspective, I think "all will be well." Cheers, Ray (Disclosure: 100% TSP ...
by djmbob
Wed Mar 22, 2017 4:35 pm
Forum: Personal Investments
Topic: Milestone Review of Portfolio & Increasing Income
Replies: 2
Views: 565

Milestone Review of Portfolio & Increasing Income

Greetings, All, Asking for a fresh pair of eyes on our retirement portfolio and allocations to prepare for age 59 1/2 and anticipated $300K+ in inheritance funds, most of which are already at Vanguard in Taxable, Traditional IRA and Annuity. 1. Overall goal will most likely be to stay with 3-fund To...
by djmbob
Sun Mar 19, 2017 7:57 pm
Forum: Personal Finance (Not Investing)
Topic: Paying $20 to E-File State Return
Replies: 75
Views: 18886

Re: Paying $20 to E-File State Return

I use H&R Block (have for many years) and after moving to Oklahoma in 2014 printed and filed my taxes for 2015 (first year as full-time res). BUT, I had to also include my complete federal tax forms, all of my 1099s, my brokerage pages showing fund sales, and even had to send in the Vanguard sheet t...
by djmbob
Wed Mar 15, 2017 3:29 pm
Forum: Investing - Theory, News & General
Topic: Vanguard: "Important: We've been unable to reach you by email"
Replies: 36
Views: 5094

Re: Vanguard: "Important: We've been unable to reach you by email"

I just received the same letter this past Monday.
A week and a half ago, I went in and changed my email... it had a TYPO, so I'm glad Vanguard noticed quickly and notified me by mail so I could fix it!
Cheers,
Ray
by djmbob
Mon Mar 13, 2017 6:13 pm
Forum: Investing - Theory, News & General
Topic: The Party is Over: Andrews FCU drops rate on 7-year CD to 2.2%
Replies: 60
Views: 8909

Re: The Party is Over: Andrews FCU drops rate on 7-year CD to 2.2%

May is Military Appreciation Month at Navy Federal and they frequently have special CD rates then.
Cheers,
Ray
by djmbob
Wed Feb 15, 2017 6:05 pm
Forum: Personal Finance (Not Investing)
Topic: Handling Excess Contrib to 2016 Roth
Replies: 4
Views: 518

Re: Handling Excess Contrib to 2016 Roth

Just to confirm - you did not make a Roth contribution to your own Roth, just your spouse's Roth using your earned income which is the spousal IRA contribution? There really are no spousal IRAs accounts, just spousal contributions made in certain year to the lower earning spouse's TIRA or Roth IRA....
by djmbob
Wed Feb 15, 2017 4:52 pm
Forum: Personal Finance (Not Investing)
Topic: Handling Excess Contrib to 2016 Roth
Replies: 4
Views: 518

Re: Handling Excess Contrib to 2016 Roth

Thank you, Alan! Contributed $5000 last June but tax prep shows only able to contribute $2895, so excess = $2105. Based on total salary income and household income, my Spousal IRA for 2016 is $0. Spouse is starting a new 403(b) this year, so all taxable salary will go into that vehicle. Sounds like ...
by djmbob
Wed Feb 15, 2017 10:49 am
Forum: Personal Finance (Not Investing)
Topic: Handling Excess Contrib to 2016 Roth
Replies: 4
Views: 518

Handling Excess Contrib to 2016 Roth

Calculating taxes now and W-2 income "buckets" were different than used in planning my Spouse's Roth contribution for 2016, so there is an excess contribution. I seem to remember in the past that when this happened, I could ask Vanguard to apply the excess to the following tax year (2017). However, ...
by djmbob
Sun Feb 05, 2017 2:51 pm
Forum: US Chapters
Topic: Tulsa Local Chapter?
Replies: 29
Views: 8203

Re: Tulsa Local Chapter?

What became of the Tulsa Chapter?
Transplant from the Washington DC Chapter here, and would love to have a local group to hobnob with.
Any bogleheads in Ttown?
Cheers,
Ray
:sharebeer