Search found 63 matches

by Retiredron
Tue Mar 31, 2020 6:45 pm
Forum: Investing - Theory, News & General
Topic: Investments you wouldn't touch with a 10 foot pole
Replies: 72
Views: 4779

Re: Investments you wouldn't touch with a 10 foot pole

Most "investments" that are advertised on CNBC, Fox Business or radio talk shows - things like " physical gold in your IRA", "14-21% return on commercial real estate", etc. I know it's buyer beware but these channels should really do a much better job screening most of the "investment" ads they run ...
by Retiredron
Tue Mar 31, 2020 3:41 pm
Forum: Personal Consumer Issues
Topic: Wine Club Recommendations?
Replies: 8
Views: 401

Wine Club Recommendations?

Given the current Covid 19 stay at home order in PA I want to join a wine club for the first time. I would value any recommendations for wine clubs that have reasonably priced ($25 or less) CA, OR, and/or WA state reds. Thanks so much.
by Retiredron
Wed Mar 25, 2020 12:04 pm
Forum: Personal Investments
Topic: roth conversion
Replies: 7
Views: 583

Re: roth conversion

I recommend you create a simple spreadsheet looking at your estimated taxable income now through your mid 70s to understand where your tax rates will be. Also note that if you can't pay the conversion tax from your taxable assets Roth conversions probably don't make sense for most. You also have to ...
by Retiredron
Tue Mar 17, 2020 7:02 am
Forum: Personal Finance (Not Investing)
Topic: Roth IRA conversion time?
Replies: 2
Views: 258

Re: Roth IRA conversion time?

Yes I agree with you. My plan had me doing some conversions this year so this is one of the silver linings of the current market decline. No one knows the low this year but clearly you can convert more shares now for the same tax bill.
by Retiredron
Thu Mar 05, 2020 11:45 am
Forum: Personal Finance (Not Investing)
Topic: Purchasing Ally CD: Is this smart?
Replies: 36
Views: 2955

Re: Purchasing Ally CD: Is this smart?

Yes it is smart given the current bond yields. I just opened an 11 month CD (1.9%) and a 13 month CD (2.1%) at Ally.
by Retiredron
Tue Feb 18, 2020 8:18 pm
Forum: Personal Finance (Not Investing)
Topic: First solo 401k contribution—employer/employee splits
Replies: 8
Views: 591

Re: First solo 401k contribution—employer/employee splits

You must also consider if the employee contribution will be Roth or pre tax. The employer contribution must be pre tax.
by Retiredron
Thu Feb 13, 2020 9:10 am
Forum: Personal Investments
Topic: Funding a down payment with investments
Replies: 4
Views: 285

Re: Funding a down payment with investments

It would be good if you could provide a bit more information such as the price range of the homes you might be considering and the estimated down payment percentage you are considering (15%, 20%, etc.). I would not sell any stocks at this time (remember you will have to pay capital gains tax) until ...
by Retiredron
Tue Feb 11, 2020 5:57 pm
Forum: Personal Finance (Not Investing)
Topic: Having a baby in April 2020 - Whats your best financial advice for a new parent
Replies: 102
Views: 7897

Re: Having a baby in April 2020 - Whats your best financial advice for a new parent

Open a Uniformed Gifts to Minor account at Vanguard and put money into S+P 500 fund. Add funds when you can and just leave it alone.
by Retiredron
Tue Feb 11, 2020 9:25 am
Forum: Personal Consumer Issues
Topic: How often do you need new car tires?
Replies: 50
Views: 4010

Re: How often do you need new car tires?

Just ordered news tires for the original Bridgestones on my 2016 Subaru Outback. 41K and I could probably get another 5K on them but, for me, I never push tires to the limit. Much better to replace a bit early and avoid the safety risk of driving on older tires.
by Retiredron
Thu Feb 06, 2020 3:55 pm
Forum: Personal Consumer Issues
Topic: Philly with Kids
Replies: 25
Views: 1770

Re: Philly with Kids

Historical sites are fantastic but your kids are too young I think. Save those for when they are 10 or older. Check out the Please Touch Museum. They will love that. Aquarium in Camden is also great for the kids but don't stray too far from there. Many fabulous art museums in Philly but again I thin...
by Retiredron
Wed Feb 05, 2020 8:58 am
Forum: Personal Finance (Not Investing)
Topic: Lump Sum Payment for SS/Medicare Tax on Non-Qualified Income
Replies: 2
Views: 191

Re: Lump Sum Payment for SS/Medicare Tax on Non-Qualified Income

For clarity, I also received a separate W2 from Fidelity showing the total non-qualified benefit payments received in 2019 with zero SS and Medicare tax being W/H.
by Retiredron
Wed Feb 05, 2020 8:22 am
Forum: Personal Finance (Not Investing)
Topic: Lump Sum Payment for SS/Medicare Tax on Non-Qualified Income
Replies: 2
Views: 191

Lump Sum Payment for SS/Medicare Tax on Non-Qualified Income

I have an interesting situation for the tax experts on this site. In 2019 I started receiving my monthly pension from an ex-employer. While working I was considered "highly compensated" so there was a another benefit called a "benefit equalization plan" that put non-qualified employer money into an ...
by Retiredron
Mon Jan 27, 2020 3:48 pm
Forum: Personal Consumer Issues
Topic: First Visit to Keys and Marathon, FL
Replies: 25
Views: 2294

Re: First Visit to Keys and Marathon, FL

Thanks so much for all the great advice so far. Really appreciate all of it.
by Retiredron
Sun Jan 26, 2020 8:40 am
Forum: Personal Consumer Issues
Topic: First Visit to Keys and Marathon, FL
Replies: 25
Views: 2294

First Visit to Keys and Marathon, FL

DW and I are taking our first trip to the Keys in late February. Both in mid 60s so just looking to have some great seafood meals, see some interesting sites, and enjoy the weather. We will be staying at Tranquility Bay in Marathon for 5 nights after landing in Miami and renting a car for the drive ...
by Retiredron
Tue Dec 03, 2019 9:17 am
Forum: Personal Investments
Topic: Should I do a Roth conversion in 2019?
Replies: 16
Views: 1456

Re: Should I do a Roth conversion in 2019?

Newlearner19, Putting together an Excel spreadsheet of my projected income over the next 15 years or so and then modeling various partial Roth conversions options helped me tremendously understand future RMDs, tax impact and total assets with each option evaluated. I would strongly recommend you do ...
by Retiredron
Mon Aug 19, 2019 6:40 pm
Forum: Personal Finance (Not Investing)
Topic: IRMAA 3 years after life changing event
Replies: 6
Views: 989

Re: IRMAA 3 years after life changing event

Here is my recent story with my IRMAA appeal which might be helpful to you. I am married so my IRMAA levels are different. I retired in late 2015 but had additional deferred comp payouts that just ended in 2019. I turn 65 this Sept so Medicare starts Sept 1. Since my 2017 tax return showed an income...
by Retiredron
Sun Aug 18, 2019 8:57 am
Forum: Personal Finance (Not Investing)
Topic: IRMAA Appeal
Replies: 37
Views: 3476

Re: IRMAA Appeal

I just had a great experience with my local SS local. They walked me through the appeal process and my appeal was approved in less than 2 weeks. The rep also called me to tell me my appeal was approved before I received the official letter in the mail. He explained that if my actual 2019 MAGI exceed...
by Retiredron
Sun Aug 11, 2019 5:38 pm
Forum: Personal Finance (Not Investing)
Topic: Pensions bought by Metlife
Replies: 4
Views: 515

Re: Pensions bought by Metlife

My pension from a large US pharma firm was recently transferred to a large insurance company. Companies want to exit the administration of pension benefits and life insurance companies due this as part of their core business. My company engaged an independent fiduciary to review and oversee the tran...
by Retiredron
Sat Aug 10, 2019 7:45 am
Forum: Personal Finance (Not Investing)
Topic: Deferred Comp Impact - Part B Premium Appeal Question
Replies: 4
Views: 396

Re: Deferred Comp Impact - Part B Premium Appeal Question

Just closing the loop here. I had a great experience with my local SS office. Called and set up a phone interview. The SS rep was great and suggested that I complete SSA-44 with a short explanation letter indicating that my deferred comp has now ended. He explained that my 2015 retirement did count ...
by Retiredron
Sun Jul 28, 2019 8:11 pm
Forum: Personal Consumer Issues
Topic: Cape Cod in September - Recommendations Please!
Replies: 6
Views: 1014

Re: Cape Cod in September - Recommendations Please!

Thanks all for the great tips.
by Retiredron
Sat Jul 27, 2019 11:31 am
Forum: Personal Consumer Issues
Topic: Cape Cod in September - Recommendations Please!
Replies: 6
Views: 1014

Cape Cod in September - Recommendations Please!

Our son lives in Boston and we want to combine a visit with several days in Cape Cod (maybe even a week rental). We are planning a mid Sept visit but we have never been to the Cape. We would prefer staying on the Ocean side and just want to relax, drive around a bit, and stroll the small towns. I un...
by Retiredron
Wed Jul 24, 2019 7:41 am
Forum: Investing - Theory, News & General
Topic: Optimized Roth Conversion Model
Replies: 40
Views: 5810

Re: Optimized Roth Conversion Model

I've actually spent many an hour working with RPM and have exchanged numerous emails with the model developer. This model is valuable but not complete. For example, it does not have the ability to account for after tax money in a tIRA as you evaluate a Roth conversion.
by Retiredron
Wed Jul 24, 2019 7:36 am
Forum: Personal Finance (Not Investing)
Topic: Deferred Comp Impact - Part B Premium Appeal Question
Replies: 4
Views: 396

Deferred Comp Impact - Part B Premium Appeal Question

Hi, Looking for help with appealing my Medicare Part B premium. Background - Medicare starts 9/1. I retired in late 2015 but had a deferred comp plan that paid out from 5/16 until 5/19. These payments moved my 2017 MAGI above 320K (MAGI income level for a premium jump for MFJ), primarily due to a lu...
by Retiredron
Wed Jul 24, 2019 6:41 am
Forum: Investing - Theory, News & General
Topic: Optimized Roth Conversion Model
Replies: 40
Views: 5810

Re: Optimized Roth Conversion Model

Indyhou, Thanks for your post and work on the Roth conversion model. I have been struggling to find a financial advisor or CPA with such a model and every time I make a call I get the same reply - "I don't have any specific models or tools I use to optimize Roth conversions"! I've read almost all of...
by Retiredron
Wed Jun 26, 2019 7:27 am
Forum: Personal Finance (Not Investing)
Topic: Deferred compensation, thoughts?
Replies: 22
Views: 2034

Re: Deferred compensation, thoughts?

I retired at 61 from a very stable large pharma corporation and I did take advantage of the deferred comp program (managed by Fidility) for the last 10 years of employment. I put a percentage of my annual bonus and a percentage of my regular pay into the program. However, I avoided stock funds and p...
by Retiredron
Thu May 16, 2019 3:18 pm
Forum: Investing - Theory, News & General
Topic: Pre-RMD Retirement Sweet Spot - Accelerating IRA Withdrawals vs. Roth Conversion
Replies: 51
Views: 4591

Re: Pre-RMD Retirement Sweet Spot - Accelerating IRA Withdrawals vs. Roth Conversion

Age 56 onward we are spending and enjoying the income from our tax deferred accounts at an SWR which won't be exceeded by RMD requirements for at least 23 years (5% of annual portfolio balance with a 3% inflation-adjusted floor). We expect no real portfolio growth, tax brackets are indexed, my pens...
by Retiredron
Thu May 16, 2019 3:03 pm
Forum: Investing - Theory, News & General
Topic: Pre-RMD Retirement Sweet Spot - Accelerating IRA Withdrawals vs. Roth Conversion
Replies: 51
Views: 4591

Re: Pre-RMD Retirement Sweet Spot - Accelerating IRA Withdrawals vs. Roth Conversion

Funny, I got the IRA draw-down advice, but not the "don't do Roth conversions" out of the conversation. Seems to me that there is no tax difference between putting the money into a Roth or putting it into taxable, and there are future tax advantages to putting it into a Roth, so why not? Not sure h...
by Retiredron
Thu May 16, 2019 11:07 am
Forum: Investing - Theory, News & General
Topic: Pre-RMD Retirement Sweet Spot - Accelerating IRA Withdrawals vs. Roth Conversion
Replies: 51
Views: 4591

Pre-RMD Retirement Sweet Spot - Accelerating IRA Withdrawals vs. Roth Conversion

Hi All, Vanguard just posted another "Joel/Maria" podcast today and there was an interesting discussion (by Maria) on considering accelerating IRA withdrawals vs. doing Roth conversions. Her comments seemed to suggest that when you are in the retirement sweet spot (favorable tax rate) years before 7...
by Retiredron
Sat Apr 06, 2019 7:56 pm
Forum: Personal Consumer Issues
Topic: Any tips for getting status back with American?
Replies: 17
Views: 2153

Re: Any tips for getting status back with American?

Oh boy! Thanks for that clarification. Economy here I come.
by Retiredron
Sat Apr 06, 2019 7:40 pm
Forum: Personal Consumer Issues
Topic: Any tips for getting status back with American?
Replies: 17
Views: 2153

Re: Any tips for getting status back with American?

I never heard of a "status challenge" so I just looked it up on Google and it appears to be a very viable option! Thanks so much for pointing me in this direction. I'm flying to Europe in July so I will wait until June and give American a call then to find out more and get the full costs for immedia...
by Retiredron
Sat Apr 06, 2019 9:02 am
Forum: Personal Consumer Issues
Topic: Any tips for getting status back with American?
Replies: 17
Views: 2153

Any tips for getting status back with American?

Hi all, I retired a few years back and, at the time, was Executive Platinum with American due to my many business trips overseas. Since I'm no longer flying in business class at a high frequency I have lost status with American but I still have about 50 "500 mile upgrades" in my account. American wo...
by Retiredron
Thu Mar 28, 2019 1:56 pm
Forum: Personal Investments
Topic: Why would one NOT do Roth Conversions?
Replies: 22
Views: 3015

Re: Why would one NOT do Roth Conversions?

I've been working through my Roth conversion strategy the past several months and the decision is more complex than I first realized. Comments from many of this board have been invaluable. I am also reading all I can on Roth conversions. I am 64 (married) and retired now so my marginal bracket will ...
by Retiredron
Sun Mar 24, 2019 6:42 pm
Forum: Personal Investments
Topic: Zero Qualified Dividend bracket vs. Roth Conversion - Decision Help
Replies: 13
Views: 1028

Re: Zero Qualified Dividend bracket vs. Roth Conversion - Decision Help

Celia,

Thanks for your additional comments and input. Much appreciated. I will take another stab at my spreadsheet this week and share the results.

Ron
by Retiredron
Sun Mar 24, 2019 6:41 pm
Forum: Personal Investments
Topic: Zero Qualified Dividend bracket vs. Roth Conversion - Decision Help
Replies: 13
Views: 1028

Re: Zero Qualified Dividend bracket vs. Roth Conversion - Decision Help

Celia,

Thanks for your additional comments and input. Much appreciated. I will take another stab at my spreadsheet this week and share the results.

Ron
by Retiredron
Thu Mar 21, 2019 7:35 am
Forum: Personal Investments
Topic: Zero Qualified Dividend bracket vs. Roth Conversion - Decision Help
Replies: 13
Views: 1028

Re: Zero Qualified Dividend bracket vs. Roth Conversion - Decision Help

All, Thank you so much for the input. I put together the spreadsheet Celia provided (much thanks!) and played around with different conversion strategies. If I convert up to the top of the 22% bracket it looks like I will be 90 when we reach the break even point vs. No Roth (this assumes we both liv...
by Retiredron
Wed Mar 20, 2019 8:30 pm
Forum: Personal Investments
Topic: Zero Qualified Dividend bracket vs. Roth Conversion - Decision Help
Replies: 13
Views: 1028

Re: Zero Qualified Dividend bracket vs. Roth Conversion - Decision Help

Celia,

Thank you so much for the thoughtful and extensive response to my post. I will check out the spreadsheet and digest your points over the next few days.

Regards.
by Retiredron
Wed Mar 20, 2019 3:55 pm
Forum: Personal Investments
Topic: Zero Qualified Dividend bracket vs. Roth Conversion - Decision Help
Replies: 13
Views: 1028

Re: Zero Qualified Dividend bracket vs. Roth Conversion - Decision Help

Thank you for your comments. Yes, we will definitely be in the 25% bracket in 2026 so that is clearly an important factor to consider. I have used that bracket in my model but have not gone past age 73. I plan to try to extend my analysis to at least age 80 and then, at some point, factor in the tax...
by Retiredron
Wed Mar 20, 2019 2:56 pm
Forum: Personal Investments
Topic: Zero Qualified Dividend bracket vs. Roth Conversion - Decision Help
Replies: 13
Views: 1028

Zero Qualified Dividend bracket vs. Roth Conversion - Decision Help

Roth conversion experts, I have been doing much reading and analysis the past few months as I examine the pros and cons of partial Roth conversions, which I plan to start next year. I'm retired (age 64; spouse 63) but still have some consulting income this year that will put us in the 22% bracket. S...
by Retiredron
Mon Mar 18, 2019 4:09 pm
Forum: Personal Finance (Not Investing)
Topic: Marginal tax rates, Roth vs LT capital gains
Replies: 19
Views: 1013

Re: Marginal tax rates, Roth vs LT capital gains

Very interesting thread. Help me please understand the "1.1" in the calculation. Thanks.
by Retiredron
Fri Mar 15, 2019 7:33 am
Forum: Investing - Theory, News & General
Topic: tIRA to Roth because of 2027 deadline on tax brackets
Replies: 10
Views: 874

Re: tIRA to Roth because of 2027 deadline on tax brackets

The key question is: Are you sure your marginal tax bracket will not be 25% when the current tax rates expire in 2026? Have you built a spreadsheet showing your estimated projected annual income from 2019 through your early 70s? If not, I would recommend you undertake that exercise which will includ...
by Retiredron
Mon Feb 25, 2019 7:29 am
Forum: Personal Finance (Not Investing)
Topic: Retiree Portfolio Model
Replies: 872
Views: 290660

Re: Retiree Portfolio Model

Thanks so much for the speedy reply!
by Retiredron
Sun Feb 24, 2019 7:38 pm
Forum: Personal Finance (Not Investing)
Topic: Retiree Portfolio Model
Replies: 872
Views: 290660

Re: Retiree Portfolio Model

BigFoot48, The RPM is a great tool and I'm learning how use if more effectively week by week. Thanks so much for making it available to us. I have a question about how to enter a tIRA balance that has a 16% after-tax basis. Section 2 asks for the current tIRA balance. Is there a way to adjust this b...
by Retiredron
Wed Feb 20, 2019 8:33 am
Forum: Personal Finance (Not Investing)
Topic: Taxes for First Time Solo Small Business Owner
Replies: 32
Views: 1862

Re: Taxes for First Time Solo Small Business Owner

Don't forget that you can deduct (schedule 1, line 27) 1/2 of your total self employment tax, SEP IRA contributions, if any (line 28), and any self employed health insurance premiums (line 29). Note that you probably can also take the qualified business deduction (Form 1040 line 9) which equals 20% ...
by Retiredron
Tue Feb 19, 2019 6:12 pm
Forum: Personal Investments
Topic: Need help with selecting pension survivor annuity option
Replies: 5
Views: 410

Re: Need help with selecting pension survivor annuity option

Thanks for the input. No life insurance in place at this point.
by Retiredron
Tue Feb 19, 2019 3:00 pm
Forum: Personal Investments
Topic: Need help with selecting pension survivor annuity option
Replies: 5
Views: 410

Need help with selecting pension survivor annuity option

Hi all, I would appreciate any and all input with a pension decision I have to make in June, three months before I turn 65. I have decided to take the monthly annuity vs the lump sum payment and want to get your input on the following 3 joint and survivor annuity options. My ex-employer is a highly ...
by Retiredron
Mon Oct 22, 2018 7:39 am
Forum: Personal Finance (Not Investing)
Topic: Federal taxes in retirement
Replies: 31
Views: 4117

Re: Federal taxes in retirement

Don't forget any interest, dividend and capital gain income from taxable accounts.
by Retiredron
Thu Aug 02, 2018 8:52 pm
Forum: Investing - Theory, News & General
Topic: Vanguard Asset Mix Pie Chart
Replies: 6
Views: 1287

Re: Vanguard Asset Mix Pie Chart

No holding some cash in the 500 fund is not it. The stock percentage was correct a few days ago and I made no changes. The last two days it was off by 2.1%. I have seen this before - not really sure why it happens but it does.
by Retiredron
Thu Aug 02, 2018 11:14 am
Forum: Investing - Theory, News & General
Topic: Vanguard Asset Mix Pie Chart
Replies: 6
Views: 1287

Re: Vanguard Asset Mix Pie Chart

I just checked the portfolio analysis section and that was incorrect also (showed 52.9 vs 55.0%).
by Retiredron
Thu Aug 02, 2018 8:56 am
Forum: Investing - Theory, News & General
Topic: Vanguard Asset Mix Pie Chart
Replies: 6
Views: 1287

Vanguard Asset Mix Pie Chart

Hi all, Has anyone experienced errors in the asset mix pie chart Vanguard shows on your on-line account? Today I noticed my chart is showing that my stock mix is 52.9% but I just did the calculation myself and my stock allocation is at 55.0% (which is my target). Vanguard seems to have added the mis...
by Retiredron
Tue May 22, 2018 6:58 am
Forum: Personal Finance (Not Investing)
Topic: Vanguard iPad App
Replies: 7
Views: 1437

Re: Vanguard iPad App

I sent Vanguard feedback on this error and then actually called me yesterday to say that were working on the fix! I checked this morning and the error has been corrected. Great to know Vanguard reads the feedback they receive.